Zenus Bank acquires FUEX Payments for undisclosed sum
Founded last year and based in Puerto Rico, FUEX Payments operates in the Caribbean and Latin American markets.
Founded last year and based in Puerto Rico, FUEX Payments operates in the Caribbean and Latin American markets.
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Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
The deal includes the purchase of assets of $110bn, deposits of $56bn and $72bn of SVB’s loans.
The funding stems from an Advance Investment Agreement (AIA) which eToro entered into in February 2021.
The acquisition is expected to be completed by the end of this year subject to customary closing conditions.
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The financial details of the acquisition, expected to close in H1 2023, have not been disclosed.
The FDIC will continue to provide crypto-related deposits directly to customers.
Mastercard intends to fold Baffin Bay’s automated Threat Protection tech into a global “cyber service”.
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Thanks to Paymentology, the Fondeadora app will enjoy faster transaction processing and advanced security.
Bloomberg says Broadway’s solutions “will fill a gap” in its product portfolio.
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
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The acquisition will help Orion bring in open banking solutions and expand its digital and core banking capabilities.
The acquisition, for an undisclosed sum, will broaden TT’s multi-asset capabilities.
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Panamax’s CEO says the acquisition of India-based Acute is a “strategic move to expand our horizons”.
The acquisition will see CoreLogic integrate Roostify’s platform with its own data, analytics and workflow solution.
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The combined business will serve more than 2,200 companies.
Despite the drop, it was still the third-best year for fintech investment ever.
Finastra is understood to be exploring the sale of its banking portfolio for as much as $7 billion.
FIS expects the spin-off to be completed within the next 12 months.
A new cartoon illustrating how the drop in VC money may result in new fintech start-ups being acquired.
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Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
Voiles joins Pipe from Square, where he served as general manager of Square Banking.
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The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
Nav says the acquisition will boost its existing offerings for small businesses.
Corlytics’ CEO John Byrne says the deal “sets the runway for further strategic acquisitions”.
YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
A new cartoon illustrating the consolidation and M&A process that the fintech market is starting in earnest.
The new business will be a subsidiary of Abacus Group but will continue to operate independently.
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
Post-acquisition, Pagaya and Darwin’s SFR business now operates in more than 30 markets across the US.
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Amex plans to “integrate Nipendo’s team, technology and capabilities” to boost its B2B payments offerings.