Mergers and acquisitions

1420 articles tagged with this keyword

/wealth

Goldman considers sale of mass market wealth management business

Goldman Sachs is considering the sale of its Personal Financial Management unit, further accelerating its retreat from the mass-market banking business.

/payments

Brazil's Matera buy Cinnecta to bring AI to instant payments

Brazil's Matera is bringing AI to instant payments after acquiring local outfit Cinnecta. Financial terms of the deal were not disclosed.

/wholesale

Basware makes offer for Irish fintech Glantus

AP automation and invoice processing firm Basware has made a £17.8 million cash offer for the entire share capital of Ireland's Glantus.

/markets

Deutsche Börse Group to acquire FundsDLT

Deutsche Börse Group is to acquire the remaining shares in FundsDLT, a Luxembourg-based company which uses distributed ledger technology for fund distribution and processing.

/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.