Mississippi’s Renasant Corporation to buy The First Bancshares in $1.2bn all-stock deal
The merger will create a six-state Southeastern banking franchise with around $25 billion in assets.
The merger will create a six-state Southeastern banking franchise with around $25 billion in assets.
Metro Bank is also set to withdraw credit cards from its product range.
Lemon Squeezy has been processing payments on Stripe since its launch in 2021.
WesBanco is raising $200 million in capital commitments by early August to support the merger.
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
Our pick of the top fintech news stories this week includes Revolut, UniCredit, Modulr and more.
Fortis says it has a “robust pipeline of feature enhancements” prepared for the division.
Sokin says the deal will “accelerate its product growth plans and further global expansion”.
The deal includes the entire share capital of both companies and is expected to close in Q4 2024.
The international expansion will be aided by both M&As and partnerships.
RC365 purchased the licence from private investment and advisory firm HC Capital Group for HK 230,000.
The US-based holding company says it has “set fourth its plans to list on the NYSE”.
Upon completing the deal, ECML will be rebranded as Zodia Markets Jersey Ltd.
The deal is comprised of $350 million in Blue Owl equity and $100 million in cash.
The rebranding comes after Merrco’s successful capital raise in June.
The deal to acquire Fox River’s algorithmic execution solutions is expected to close in Q3.
The company says the sale of BFS is a “subsequent step in the divestment strategy of Bux Holding”.
Our pick of the top fintech news stories this week includes Envestnet, Dosh, Innovate Finance and more.
Reverence Capital is also participating in the transaction, alongside a consortium of additional investors.
The acquisition of Solv Malaysia has been completed, while the Solv Vietnam purchase remains ongoing.
The potential deal could be announced as early as this week, according to a report by Reuters.
Our pick of the top fintech news stories this week includes Revolut, BlackRock, Project Nexus and more.
Threesixty will remain an independent business, maintaining its own offerings and pricing in the market.
The sale is expected to release around €4 billion in RWAs for Barclays as it seeks business simplification.
Vivid Money is looking to expand its Vivid Business offering for SMEs launched at the start of the year.
Ant International will integrate the company with its payments and digitisation solutions unit Antom.
Launched in 2018, the TaxScouts platform connects self assessment tax filers with a network of accredited accountants.
The deal comes less than a month after the digital trading platform announced its $200 million purchase of Bitstamp.
Salt Labs’ CEO Jason Lee will take charge of the neobank’s new Chime Enterprise division.
The acquisition will expand TeamSystem’s remit with over 200 financial solutions for credit and subsidised finance.
The deal will see Preqin’s data and research tools merge with BlackRock’s portfolio management platform Aladdin.
Our pick of the top fintech news stories this week includes Klarna, iBusiness Funding, Norm Ai, Nubank and more.
FinTech Futures takes a look back at five of the top M&A deals in June.
FinTech Futures takes a look back at five of the top AI stories from June.
Nubank plans to harness Hyperplane’s AI expertise to enhance its core machine learning capabilities.
Funding Circle first announced the planned sale in March and expects to close the transaction this month.
The deal is reportedly valued at around $515 million.
Global Payments has reportedly been eyeing up the purchase since February.
Our pick of the top fintech news stories this week includes Sainsbury’s, Viva Wallet, Laybuy and more.
The deal includes the retailer’s personal loan, credit card and retail deposit portfolios.