Mergers and acquisitions

1376 articles tagged with this keyword

/payments

Northmill acquires merchant payments outfit Moreflo

Swedish neobank Northmill is moving into B2B payments with the acquisition of Nordic eftpos company Moreflo.

/wealth

UBS to acquire robo advisor Wealthfront for $1.4 billion

UBS is to buy robo addvisor Wealthfront for $1.4 billion, marking the Swiss bank's first fintech acquisition under the tenure of CEO Ralph Hamers.

/startups

Walmart kickstarts fintech business with acquisitions of of Even and ONE

Walmart's fintech startup Hazel is to acquire earned wage access firm Even and neobanking ONE as it prepares to emerge from stealth mode.

/payments

Zip in talks to buy Sezzle

Australian buy now, pay later outfit Zip has confirmed that it is in talks about acquiring US rival Sezzle.

/payments

JPMorgan buys 49% stake in Viva Wallet

JPMorgan is dipping into its $12 billion technology investment warchest to acquire a 49% stake in European cloud-based payment network Viva Wallet.

/identity

Plaid buys ID verification firm Cognito

Open banking giant Plaid has acquired identity verification and compliance platform Cognito in a deal reported to be worth around $250 million.

/regulation

SoFi gets approval to become a bank

Online lender SoFi Technologies has received approval from US regulators to become a bank holding company.

/payments

NAB buys health claim payments platform LanternPay

Australian bank NAB has agreed to buy digital health claim payments technology business LanternPay from fintech InLoop. Financial terms were not disclosed.

/retail

Tandem Bank acquires consumer lender Oplo

Tandem Bank has acquired consumer lender Oplo, creating a combined business with £1.2 billion of total assets, £1 billion of funding and 171,000 customers serviced by a UK-based team of 500 people.

/wealth

United Fintech adds Athena to portfolio

United Fintech, an outfit dedicated to hoovering up a stable of capital markets fintechs, has bought a 25% stake in Athena Systems, a US provider of investment decision support and automation software.

/payments

Lloyds to invest in loyalty app Bink

Lloyds Banking Group is to follow Barclays in becoming a shareholder in Bink, a loyalty app launched in 2015, Sky News understands.

/wealth

Acorns co-founder raises $20m for micro-investing apps

Acorns co-founder Walter Cruttenden has raised $20 million in Series A funding for his latest venture, Ant Money, and merged it with another of his fintech firms, Blast.

/retail

Mastercard buys personalisation platform McDonald's

Mastercard has agreed to buy personalisation platform and decision engine company Dynamic Yield from McDonald's. Financial terms were not disclosed.

/payments

Visa completes acquisition of Currencycloud

First announcing the deal in July 2021, Visa has completed its acquisition of Currencycloud - a global platform enabling banks and fintechs to provide foreign exchange solutions for cross-border payments.

/payments

Bottomline sold to Thoma Bravo for $2.6 billion

Private equity firm Thoma Bravo is to buy business payments technology house Bottomline for $2.6 billion in cash.

/retail

MoneyLion to acquire Even Financial for $440 million

Mobile banking platform MoneyLion is to buy embedded finance marketplace Even Financial for a total consideration of $440 million.

/payments

Ebanx acquires Brazillian remittance player Remessa Online

Latin American commerce platform Ebanx has acquired Brazillian remittance house Remessa Online for $229 million.

/wholesale

OakNorth makes first acquisition

UK small businmess lender OakNorth is to make its first acquisition, taking a 100% stake in cashflow forecasting app Fluidly.

/payments

Rapyd to buy Hong Kong-based Neat

Fintech-as-a-service platform Rapyd is boosting its Asia Pacific presence through the acquisition of Hong Kong-based Neat. Financial terms were not disclosed.

/retail

Westpac buys MoneyBrilliant app

Australian bank Westpac has agreed terms to buy money management app MoneyBrilliant. Financial details were not disclosed.