Mergers and acquisitions

1376 articles tagged with this keyword

/markets

7Ridge to acquire Trading Technologies; Keith Todd installed as CEO

Derivatives dealing platform Trading Technologies is to be acquired by CBOE and Singapore Exchange-backed growth equity firm 7Ridge.

/wealth

abrdn chases digitisation with Finimize purchase

The asset management group today announced its acquisition of the subscription based investment platform, Finimize.

/retail

Accenture acquires BCS Consulting

Accenture has acquired financial change management consultancy BCS Consulting, extending its industry advisory expertise and experience in areas including payments, Open Banking, operational resilience, financial crime and cost optimisation.

/payments

Validus buys KlearCard platform to bolster upcoming SME neobank

Singapore-based SME financing player Validus has acquired KlearCard’s business payments and expense management technology platform. Financial terms were not disclosed.

/retail

Klarna buys travel planner Inspirock

Klarna has acquired online travel planner Inspirock in a deal the BNPL giant says will enable its 90 million users plan and shop for their trips before paying in instalments. Financial terms were not disclosed.

/retail

Revolut acquires team from talent-sourcing marketplace Wanted

Revolut has acquired the team behind New York-based talent sourcing marketplace Wanted. Financial terms were not disclosed.

/crypto

Cboe buys digital asset exchange ErisX

Cboe Global Markets is making a major move into the cryptocurrency arena, agreeing to buy ErisX Digital Holdings, which operates a digital asset spot market, a futures exchange and a clearing house. Financial terms were not disclosed.

/payments

Stripe to buy payments reconciliation outfit Recko

Stripe has agreed to buy Recko, an Indian outfit that provides payments reconciliation software for internet businesses. Financial terms were not disclosed.

/markets

ICE sells Euroclear stake for €709m

Intercontinental Exchange (ICE) has sold its 9.85% stake in clearing and settlement platform Euroclear to Silver Lake for €709 million.

/Sibos

Sibos 2021: How can banks take meaningful action on climate change?

With COP26 fast approaching, and the financial industry facing additional costs to comply with government actions on climate change, it needs to start asking itself some tough questions, namely: Are we acting responsibly for the future? Are we driving carbon neutrality in the businesses we finance? Are we acting as an enabler for investments to lower the cost and increase the deployment of low-carbon technologies?

/payments

SumUp enters US through acquisition of Fivestars

London-based mPOS vendor SumU has acquired Fivestars, a US local commerce network that combines a marketing platform with integrated payments, for $317 million in a mix of cash and stock.

/payments

Lunar buys Paylike and launches one-step e-commerce checkout

Denmark's Lunar has acquired payments gateway Paylike, enabling the digital challenger bank to offer business customers a one-stop checkout experience. Financial terms were not disclosed.

/people

SocGen to cut 3700 jobs in merger with Credit du Nord

Societe Generale is to create a new French retail bank through a merger with its unit Credit du Nord, leading to 3700 job losses between 2023 and 2025.

/crypto

R3 acquires stablecoin issuance platform Invo

Enterprise blockchain outfit R3 has acquired the technology and team of financial asset tokenization specialist Ivno, expanding its capabilities in the digital assets and currency space.

/retail

Proptech Goodlord buys tenant bill splitting platform acasa

UK proptech player Goodlord has acquired acasa, a fintech platform which allows tenants to manage household bills and split costs between housemates. Financial terms were not disclosed.

/retail

NatWest acquires pocket money app RoosterMoney

NatWest has acquired RoosterMoney, provider of a pocket money and financial education app for kids.

/retail

JPMorgan Chase buys college financial planning platform Frank

JPMorgan Chase has acquired college financial planning platform Frank as it seeks to build ties with students. Financial terms were not disclosed.

/payments

Entrust acquires Antelop

Entrust is to gain a foothold in the digital card issuance space with the acquisition of Paris-based Antelop.

/payments

Santander's PagoNxt acquires 70% stake in tech partner MIT

Banco Santander’s payment fintech, PagoNxt, has acquired 70% of its Mexican tech partner Mercadotecnia, Ideas y Tecnología (MIT) as part of its strategy to expand its merchant payments business globally under the Getnet brand.

/payments

Deutsche Bank acquires Better Payment

Deutsche Bank has acquired Berlin-based payment service provider Better Payment to expand its market share in the fast growing market for online payment processing and acceptance.