Mergers & Acquisitions/M&A - FinTech Futures

Mergers & Acquisitions/M&A

HSBC to pay more than €1bn to get rid of loss-making French branches

The French unit moved to the shelf back in September 2019.

Ohpen offloads Davinci Consulting to Yellowtail Conclusion

Core banking vendor streamlines newly-acquired Davinci Group.

AZA Finance acquires Exchange4Free to become largest non-bank FX firm in Africa

Trading firm says it can double its transaction volume to $2.5 billion by 2021.

Blackstone to acquire additional stake worth $2.8bn in IT firm Mphasis

Blackstone intends to build Mphasis into a $10 billion-valued company.

BNPL firm Affirm acquires Returnly in $300m deal

More than eight million shoppers have used the online return service.

M&A is driving digital transformation across financial services

There’s one clear winner when it comes to the collaboration of banks and fintechs – the consumer.

Danish neobank Lunar acquires Swedish lender Lendify

The deal, which is pending regulatory approval, is expected to close by mid-May.

MVB Bank snaps up majority stake in Indianapolis fintech Trabian

The value of the stake remains undisclosed.

Dutch VC Finch Capital snaps up Wirecard’s APAC assets

The purchases were made through Nomu Pay.

Video: Top fintech stories this week – 16 April 2021

To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.

Pine Labs acquires digital payments start-up Fave in $45m deal

Indian payments firm snaps up Fave to introduce the latter to India.

Russian e-commerce giant Ozon acquires Oney Bank in $10m deal

Firm known as “the Amazon of Russia” steps into fintech space.

Laurel Road

KeyBank launches digital bank for doctors with new offshoot at Laurel Road

KeyBank acquired Laurel Road in 2019.

Finder snaps up shuttered Singapore fintech GoBear

COVID-19 took a toll on GoBear’s capital reserves and certain financial products.

EML Payments acquires open banking brand Nuapay in €110m deal

Nuapay owner Sentenial snapped up by prepaid cards firm EML.

Acorns bags second acquisition of 2021 with AI start-up Pillar

Pillar helps students manage loan debt.

IDS to acquire White Clarke Group in multi-asset class merger deal

The combined firm will serve more than 300 companies.

Banking Technology April issue out now

Soaring to new heights: a record-breaking first quarter of M&A activity.

The role of the ego in M&A

M&A can often be reduced to egos.

UK energy provider Octopus launches Moneycoach

It intends to invest £10 million into Moneycoach to scale the offering.

CaixaBank may cut up to 8,000 jobs after Bankia merger

The bank will start negotiations with labour unions just after Easter.

Global fintech M&A round-up Q1 2021

Whilst some big deals never closed in Q1, plenty others took their place.

Paysafe goes public via Spac merger

Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.

Finch Capital acquires Wirecard’s Turkish operations

Investment firm sets up new payments brand in Turkey.

Broadridge to acquire capital markets firm Itiviti in $2.5bn deal

Broadridge continues its M&A strategy apace.

SEC launches voluntary inquiry into US Spac craze

This year alone has birthed eight lawsuits against US Spac deals.

Fiserv acquires US processor Pineapple Payments

It is expected to close by the end of Q2 2021.

Seedrs abandons £140m Crowdcube merger after CMA block

The CMA said the deal would “reduce competition and innovation”.

Xero makes second acquisition in a month with Tickstar

Tickstar already serves Xero customers across Australia, New Zealand, and Singapore.

Profile Software buys Euronext’s Centevo solution

Euronext offloads asset management platform after 2019 acquisition.

What the Fintech? | S.2 Episode 7 | Class is in session

Tania Ziegler, senior research associate at Cambridge, joins us on this latest episode.

Indonesian fintech Alami acquires rural bank in $10m deal

Alami is helping the bank keep up with capital requirements.

Core banking provider Technisys buys AI chatbot operator Kona

Technisys has acquired some 60 bank customers to date.

Sontiq acquires Breach Clarity to deploy analysis tech

BreachIQ to be integrated with Sontiq’s existing product suite.

SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter

US fintech switches tactics to nab an existing licence.

PayPal buys Israeli crypto wallet Curv for its new blockchain unit

PayPal expects the acquisition to close in the first half of 2021.

Aion Bank acquires robo-advisor ETFmatic

London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.

Xero makes second acquisition in eight months with Planday

Xero plans on closing its latest acquisition in March 2022.

Square buys majority stake in Tidal for $297m as Jay Z joins board

Tidal is the latest in a few sales Jay Z has made in recent weeks.

Wipro signs off on $1.45bn acquisition of Capco

Indian IT giant wants to grow in Europe and Asia.

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