Mergers and acquisitions

1376 articles tagged with this keyword

/payments

Rapyd to acquire PayU GPO for $610 million

Israeli unicorn Rapyd has won a bidding war to acquire European payments firm PayU GPO for $610 million.

/payments

Nexi acquires 30% stake in Computop

Italian paytech Nexi has acquired a 30% stake in German payments processor Computop for an undisclosed sum.

/payments

FIS agrees sale of majority stake in Worldpay at $18.5bn valuation

FIS has agreed to sell 45% of its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the unit at $18.5 billion.

/retail

Turkish neobank Papara buys Spain's Rebellion

Turkish neobank Papara has acquired Spanish counterpart Rebellion, creating Europe's latest fintech unicorn.

/regulation

Corlytics acquires Clausematch

RegTech Corlytics has made its second acquisition of the year with the takeover of compliance mapping provider Clausematch.

/retail

BNP Paribas in talks to takeover Orange Bank

Telecommunications firm Orange has entered exclusive negotiations with BNP Paribas for the takeover of its retail banking business.

/payments

Fintechs engaged in bidding war for PayU

European payments firm PayU is reportedly the subject of a bidding war after its owner, Dutch investment company Prosus, decided to put it up for sale.

/startups

Robinhood buys credit card startup X1

Stock trading app Robinhood has agreed to buy credit card startup X1 for about $95 million in cash.

/wealth

Backbase buys digital wealth platform Nucoro

Engagement banking vendor Backbase has acquired UK-based digital wealth platform Nucoro. Financial terms of the deal were not disclosed.

/crypto

BCB Group and Sutor Bank terminate acquisition deal

Crypto payments processors BCB Group has mutually terminated its deal to acquire 100-year old Sutor Bank in response to changing market decision.

/retail

FIS buys embedded finance firm Bond

FIS has acquired Banking-as-a-Service outfit Bond in what the fintech giant calls a "small but important purchase" for its platform strategy.

/markets

Nasdaq acquires Adenza for $10 billion

Nasdaq is to acquire capital markets software house Adenza from Thoma Bravo for $10 billion, reinforcing its positioning as a "technology company serving the global financial system".

/payments

Plastiq files for bankruptcy; agrees acquisition deal with Priority

Plastiq, a US B2B payments firm for SMEs, has filed for bankruptcy and entered into a stalking horse agreement to have its assets acquired by unified commerce platform Priority Technology.

/payments

Fifth Third acquires embedded payments platform Rize Money

Fifth Third Bancorp has acquired embedded payments platform Rize Money as part of staretegy to grow its treasury management business.

/crime

Frank founder Charlie Javice formally indicted

Founder of student financial aid assistance company Frank, Charlie Javice, has been formally indicted on charges of defrauding JPMorgan Chase in its $175 million acquisition.

/crypto

Ripple buys crypto custody provider Metaco

Blockchain firm Ripple has acquired Swiss crypto custody player Metaco in a $250 million deal.

/regulation

Darktrace founding investor Mike Lynch extradited to US to face fraud charges

Renowned UK tech entrepreneur, Mike Lynch, has been extradited to the US to face criminal fraud charges, after losing his years’ long appeal against extradition.

/regulation

Regulator AML concerns scuppered TD Bank-First Horizon deal - WSJ

TD Bank's $13.4 billion purchase of US bank First Horizon collapsed over regulator concerns about the Canadian lender's anti-money laundering (AML) practices, according to the Wall Street Journal.

/retail

TD Bank blames regulatory uncertainty for failed First Horizon acquisition

Canada’s TD Bank has pulled its planned purchase of US bank First Horizon, stating that questions around approval of the £13.4 billion deal from regulators was to blame.

/markets

Tradeweb makes A$125 million offer for e-trading platform Yieldbroker

Fixed income marketplace Tradeweb is in talks to acquire Australian government bond and interest rate derivatives trading platform Yieldbroker.