Mergers and acquisitions

1376 articles tagged with this keyword

/payments

Italy's Mediobanca snaps up BNPL fintechs

The consumer credit arm of Italian investment bank Mediobanca Group has made two fintech investments designed to boost its BNPL operations.

/wholesale

OakNorth Bank acquires 50% stake in ASK Partners

OakNorth Bank has acquired a 50% stake in property lender ASK Partners, which has lent in excess of £1bn across over 90 transactions through its online platform.

/wholesale

LHV UK to buy SME lending business of Bank North

LHV UK is to buy the SME lending business of Manchester-based Bank North, which is winding down its operations after failing to fully capitalise the bank.

/payments

Prosus pulls out of $4.7 billion BillDesk deal

Prosus subsidiary PayU has pulled out of a $4.7 billion deal to acquire Indian digital payments provider BillDesk.

/payments

Worldline to acquire 40% stake in Online Payment Platform

Worldline is to acquire a 40% stake in Online Payment Platform, a Dutch PSP serving marketplaces and e-commerce platforms.

/retail

HSBC teams with Oracle NetSuite for embedded banking services

HSBC has integrated embedded banking services into NetSuite Accounts Payable Automation, a cloud enterprise resource planning (ERP) platform.

/payments

Billtrust set for $1.7bn acquisition by EQT

B2B order-to-cash outfit Billtrust has agreed to be acquired by EQT Private Equity in an all-cash deal valuing its equity at nearly $1.7 billion.

/crypto

FTX wins $1.4bn auction for Voyager Digital assets

FTX has won the auction for the assets of bankrupt crypto lender Voyager Digital with a bid worth just over 1.42 billion.

/crypto

Canadian crypto exchange Coinsquare to buy rival CoinSmart

Canadian crypto exchange Coinsquare is set to buy rival CoinSmart Financial in a deal worth around C$29 million in cash and shares.

/sustainable

ACA Group buys Ethos ESG

Governance, risk and compliance advisor ACA Group has acquired Ethos ESG, a provider of ESG ratings data and software for financial advisors, asset managers, institutions, and investors. Financial details were not disclosed.

/devops

JP Morgan teams up with Cleareye.ai for digitising trade finance solution

JP Morgan has announced their partnership with Cleareye.ai to bring ClearTrade, a trade financing digitising solution, to banks. The platform will be integrated into JP Morgan’s Trade Processing System that has rolled out in the APAC region and will be launched globally in the coming months.

/regulation

EC competition concerns sees Pivo pull out of merger with Vipps and MobilePay

Finish mobile payments app Pivo has been removed from a planned three-way merger with MobilePay and Vipps after the European Commission raised concerns about the deal.

/startups

Fintech M&A on the rise as valuations crumble

Global Fintech M&A rose sharply in the first half of 2022 with 591 recorded deals, as bargain hunters shop around for deals at discounted prices.

/crypto

Bolt cans $1.5bn Wyre acquisition

Online checkout company Bolt has pulled the plug on its $1.5 billion deal to buy blockchain infrastructure provider Wyre.

/cloud

JP Morgan to buy payments firm Renovite

JP Morgan has struck a deal to buy cloud-native payments technology firm Renovite Technologies. Financial terms were not disclosed.

/regulation

India gives green light to $4.7bn PayU-BillDesk deal

The Competition Commission of India has approved the $4.7 billion acquisition of digital payments provider BillDesk by the owner of PayU.

/wealth

UBS abandons $1.4bn Wealthfront acquisition

UBS has pulled the plug on its $1.4 billion acquisition of robo-advisor Wealthfront but says it is still committed to its growth plans in the US and strengthening its digital offering.

/crypto

Wave Financial buys stake in Swiss crypto firm

US-based digital asset manager Wave Financial has made its first European acquisition following the purchase of a minority stake in Swiss crypto assets firm Criptonite Asset Management.

/payments

Polish mobile payments firm to buy Slovakia's Viamo

The operator of Polish mobile payment system Blik is looking to expand internationally through the acquisition of Slovakian player Viamo.

/people

Truist acquires Arena data governance platform

American financial services giant Truist has boosted its data management capabilities through the acquisition of vendor Zaloni's Arena platform. Financial terms were not disclosed.