Mergers and acquisitions

1377 articles tagged with this keyword

/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.

/retail

CSI to go private in $1.6bn deal

Fintech and regtech outfit Computer Services Inc is set to go private after agreeing to be bought by investment firms Centerbridge Partners and Bridgeport Partners for around $1.6 billion.

/retail

EToro to buy US options trading app Gatsby

Social investment platform eToro is boosting its presence in the US after inking a definitive agreement to buy options trading app Gatsby for around $50 million.

/payments

Remitly to acquire Rewire for $80 million

Global remittance outfit Remitly is to acquire Rewire, an Israeli-based financial services platform for migrant workers, for $80 million.

/retail

Barclaycard joins BT’s partnership network to support small businesses

Barclaycard Payments has announced its partnership with BT to support microbusinesses in the UK.

/payments

Global Payments to acquire EVO for $4 billion

Global Payments is to acquire smaller rival EVO Payments for nearly $4 billion in an all-cash deal that will extend its reach in the B2B sector.

/retail

YES Bank to raise $1.1 billion in 10% private equity sale

Private equity giants, Carlyle and Advent International have announced their plans to acquire a 10% stake in YES Bank, one of India’s largest private sector banks, as part of a $1.1 billion capital raise.

/crypto

Plaid backs Gemini users for crypto purchases

Crypto exchange Gemini, has connected with open banking and payments platform Plaid, to provide UK customers with the option to buy cryptocurrency through their bank accounts.

/startups

Circular economy fintech Fairown expands to Poland

Sustainability-focused fintech, Fairown, has announced plans to expand into central Europe and develop a circular economy, by helping banks and vendors offer products as a service. The platform will join forces with Apple Premium Reseller Cortland and Inbank for its launch in Poland.

/retail

Santander CIB partners with SAP to deliver ‘invisible banking’

Santander Corporate and Investment Banking (CIB) has partnered with SAP to expand the digitisation of their global transaction banking services.

/retail

Qonto sets sights on acquisition of Penta

Qonto, online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks.

/payments

Tietoevry considers spin-off and listing of banking unit

Finnish IT services provider, Tietoevry, has announced that it is mulling over the option of separating and listing the Tietoevry Banking unit, as part of a wider strategic review.

/wholesale

ANZ in talks to buy accounting software firm Myob

ANZ has confirmed market speculation that it is looking to buy accounting software firm Myob from Kohlberg Kravis Roberts.

/payments

Zip terminates merger deal with Sezzle

Shares in US BNPL player Sezzle tumbled by 30% as Australian rival Zip pulled out of a proposed $491 million merger deal.

/retail

Brazil's Creditas buys banking licence

Brazilian secured lending platform Creditas is set to expand its offering, buying a banking licence and a mortgage marketplace.

/payments

GoHenry acquires French teen banking app Pixpay

GoHenry, the UK-based provider of a pre-paid debit card and financial education app for kids aged from six to 12 years old, has expanded into Europe with the acquisition of French peer Pixpay.

/devops

Zurich picks Mendix low-code to roll out next-gen solutions

International insurance company, Zurich, has partnered with low-code platform Mendix to roll-out a Terrorism Data Capture solution for automated coverage, among other updates.

/markets

Sonovate lands £165million deal with BNP Paribas and M&G Investments

UK fintech Sonovate has unveiled a substantial securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding.

/payments

Revolut and Stripe team up to expand into global markets

Revolut will tap into Stripe’s international reach to ramp up its expansion into new international markets, including Brazil and Mexico.

/startups

OpenFin secures investment from ING Ventures

ING Ventures, the venture capital branch of ING bank, has invested “around $10 million” in the operating system (OS) of enterprise productivity, OpenFin.