Mergers and acquisitions

1376 articles tagged with this keyword

/markets

Why did Euronext drop bid to acquire Allfunds?

Confusion reigns over Euronext's decision to pull out of a €5.5 billion bid for B2B wealthtech platform Allfunds.

/payments

Banco Sabadell to sell payments arm to Italy's Nexi

Spain's Banco Sabadell has sold an 80% stake in its payments unit Paycomet to Nexi for €280 million and inked a 10-year exclusive distribution deal with the Italian firm.

/markets

Euronext makes €5.5bn indicative offer for Allfunds

Exchange operator Euronext has made an indicative offer to buy B2B wealthtech platform Allfunds for about €5.5 billion in cash and stock.

/retail

Tesco mulls sale of banking unit

UK supermarket chain Tesco is mulling the sale of its banking arm, Sky News reports.

/payments

Zopa snaps up DivideBuy

Zopa has snapped up buy now, pay later outfit DivideBuy, it's first acquisition from a $75 million warchest raised earlier this year.

/payments

Saudi fintech Hala acquires Paymennt.com

Saudi fintech Hala has acquired UAE payments startup Paymennt.com, an online payment processor for micro and small businesses.

/retail

Finastra explores sale of banking business - Reuters

Fintech giant Finastra could be ready to sell its universal banking business for up to $7 billion, according to Reuters, citing sources.

/retail

RBC buys real estate tech platform OJO Canada

Royal Bank of Canada has acquired the Canadian operations of AI-based real estate technology company OJO. Financial terms of the deal were not disclosed.

/retail

NatWest to buy majority stake in workplace pension and savings app Cushon

NatWest is to spend £144 million to aquire an 85% majority stake in workplace savings and pensions fintech Cushon.

/retail

Lunar raises €35 million despite tough economic conditions

Danish neobank, Lunar, has raised €35 million to invest in and develop the business in order to continue Nordic expansion and expedite its path to profitability.

/regulation

Seon acquires AML specialist Complytron

Reacting to a surge in anti-money laundering fines, fraud prevention company Seon has acquired compliance and financial crime specialist firm, Complytron

/retail

Zopa Bank raises £75 million to boost growth

Zopa Bank has received £75 million in funding to support its next phase of growth in the UK.

/payments

Marqeta makes first acquisition, buys Power Finance for $275 million

Card issuing fintech Marqeta is to acquire credit card programme management platform Power Finance for $275 million in cash.

/regulation

Corlytics acquires ING RegTech platform SparQ

Corlytics has acquired SparQ, a regulatory monitoring platform spun out of ING, in a €5 million aggregate deal.

/wealth

FNZ buys YieldX

Wealth management platform FNZ has made its second acquisition in a week, buying YieldX, a US-based provider of fixed income portfolio management technology, optimisation services and direct indexing tools.

/wealth

FNZ acquires Germany's Fondsdepot Bank

Wealth management platform FNZ has acquired German credit institution Fondsdepot Bank.

/retail

JPMorgan Chase sues founder of startup it acquired

JPMorgan Chase is suing the founder of a college financial planning platform it acquired for $175 million, accusing her of creating a list of millions of fake users to get the deal completed.

/regulation

Tech billionaire Richard White buys KYC outfit Kyckr

Australian tech billionaire Richard White has acquired ASX-listed corporate KYC company Kyckr.

/wholesale

Fidelity buys fintech Shoobx

Fidelity Investments has acquired Shoobx, a provider of automated equity management operations and financing software for private companies. Financial terms of the deal were not disclosed.

/regulation

Cube begins RegTech roll up with acquisition of The Hub

RegTech Cube has acquired AI-driven data capture firm The Hub, the first of a planned series of acquisitions to drive consolidation in the market for regulatory technology.