Mergers and acquisitions

1420 articles tagged with this keyword

/crypto

Ripple to acquire prime brokerage Hiddden Road for $1.25 billion

Ripple is to acquire crypo-friendly prime brokerage Hidden Road for $1.25 billion, representing one of the largest deals in the digital assets space.

/retail

DoJ antitrust officials clear Capital One and Discover merger

The US Department of Justice has cleared the $35 billion merger between Capital One Finance Group and Discover Financial Services.

/payments

MyPOS buys UTP

London-based fintech myPOS has made its second acquisition of the year, snapping up payments outfit UTP Group. Financial terms were not disclosed.

/payments

Fiserv acquires CCV to boost growth across Europe

Fiserv has acquired CCV, a 67-year old provider of payment services in the Netherlands, Belgium and Germany, to boost growth of its Clover payment terminal across Europe.

/payments

Barclays closes in on sale of merchant acquiring business

Barclays Bank is closing in on a deal to offload its merchant acquiring business to Canada's Brookfield Asset Management.

/payments

AmEx to buy expense management software provider Center

American Express has entered into an agreement to acquire expense management software provider Center. Financial terms were not disclosed.

/retail

Alkami boosts account opening capabilities with $400m Mantl acquisition

Cloud-based digital banking vendor Alkami has agreed to buy account opening technology provider Mantl in a $400 million deal.

/ai

Behavox buys Mosaic Smart Data

AI insights company Behavox has acquired Mosaic Smart Data, a vendor that helps financial institutions extract actionable intelligence from their transaction data. Terms of the deal were not disclosed.

/people

Marqeta to buy TransactPay for European push; makes CEO change

US card issuing platform Marqeta has strengthened its position in the UK and Europe through a deal to buy TransactPay. Separately, Marqeta CEO Simon Khalaf has left the firm and been replaced by current CFO Mike Milotich on an interim basis.

/wholesale

Treasury management fintech Embat buys Necto

Madrid-based treasury management startup Embat has acquired Necto, a US bank API connectivity specialist. Financial terms were not disclosed.

/payments

Shift4 to acquire Global Blue for $2.5 billion

Shift4 is to acquire Global Blue, a payments and technology provider to luxury brands, for $2.5 billion.

/payments

Market Pay acquires Denmark's AltaPay

Pan-European payments platform Market Pay is to acquire Danish PSP AltaPay, strengthening its presence in the Scandiavian market.

/people

HSBC to make investment banking job cuts starting in Asia - Bloomberg

HSBC Holdings Plc is set to initiate a new round of job cuts in it’s investment banking division, marking a continued restructuring to streamline operations and reduce costs under CEO Georges Elhedery.

/wholesale

Danish fintech Ageras buys Storebuddy

Danish accounting, admin and banking fintech Ageras has bought payment reconciliation software provider Storebuddy. Financial terms were not disclosed.

/retail

Denmark's Netcompany to buy core banking vendor SDC

Danish IT services firm Netcompany has struck a deal to buy local banking tech outfit SDC for around $139 million.

/retail

TD Bank to offload $14bn Charles Schwab stake

TD Bank has agreed to sell its 10.1% stake in investment firm Charles Schwab for about C$20 billion (US$14.6 billion) after taxes.

/payments

Paysafe ponders sale - Bloomberg

Publicly-listed online payments firm Paysafe is considering a sale after receiving interest from potential buyers, according to Blomberg.

/markets

Temenos sells Multifonds for $400 million

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.

/ai

Worldpay to buy fraud prevention platform Ravelin

Payments giant Worldpay has struck a deal to buy AI-native enterprise fraud prevention platform Ravelin. Financial terms were not disclosed.

/wholesale

United Fintech acquires Commercial Banking Applications

United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, has made it sixth and largest acquisition to date, buying out trade finance and payments vendor Commercial Banking Applications.