Mergers and acquisitions

1425 articles tagged with this keyword

/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.

/ai

Spend management platform Yokoy acquired by TravelPerk

Business travel platform TravelPerk has raised $200 million and acquired Swiss AI-powered spend management outfit Yokoy.

/payments

South Africa's Stitch expands into in-person payments with ExiPay acquisition

South African embedded payments platform Stitch is moving into in-person payments through the acquisition of Dutch outfit ExiPay. Financial terms were not disclosed.

/payments

Neonomics buys UK open banking platform Ordo

Norwegian open banking firm Neonomics has acquired UK contemporary Ordo. Financial terms of the deal were not disclosed.

/crypto

Circle buys tokenised money market fund Hashnote

Crypto firm Circle Internet Group has acquired Hashnote, the issuer of US Yield Coin (USYC), the largest tokenised treasury and money market fund in the world.

/payments

MyPOS acquires French cash register company Toporder

London-based fintech myPOS has made its first acquisition, snappping up French cash register company Toporder.

/payments

Amazon to buy Indian BNPL firm axio

Amazon has agreed to acquire Indian buy now, pay later firm axio in a deal reported to be worth more than $150 million.

/payments

Barclays and Synchrony Financial in the running to take over Apple's credit card business

Apple is reportedly in talks with Barclays to replace Goldman Sachs as its credit card issuer.

/wealth

Freetrade sold to IG Group for underwhelming £160 million

Freetrade, the self-directed investment platform, has agreed to be acquired by London-listed IG Group for £160 million.

/retail

Intelligent Lending acquires TotallyMoney

Manchester-based Intelligent Lending has acquired credit scoring and personal finance app TotallyMoney.

/wealth

Clearwater to buy Enfusion for $1.5bn

Clearwater Analytics is building out its investment management platform through the $1.5 billion acquisition of SaaS outfit Enfusion.

/retail

Bank Alfalah acquires stake in Jingle Pay

This investment highlights Bank Alfalah’s dedication to driving digital transformation and promoting financial inclusion across key markets, reinforcing its position as a leading digital bank.

/retail

De La Rue gets takeover approach

De La Rue has received a preliminary takeover offer from the same group of investors which in December made a bid for up to 40% of the UK banknote printer.

/payments

JPMorgan files suits over Viva Wallet dispute

JPMorgan Chase has filed new lawsuits in the UK and Greece connected to its investment in fintech Viva Wallet.

/retail

TransUnion to acquire Monevo

Credit bureau TransUnion is to acquire UK-based Monevo, a provider of loan prequalification data for banks to deliver personalised offers to consumers via comparison websites and other third parties.

/retail

SBI set to take majority stake in Solaris

Japanese financial conglomerate SBI has agreed to pay €100 million for a stake of more than 70% in struggling German Banking-as-a-Service platform Solaris, according to Bloomberg.