Mergers and acquisitions

1376 articles tagged with this keyword

/wealth

Abrdn to acquire digital wealth management app from Nucoro

Investment manager Abrdn is to acquire the digital wealth management arm of fintech Nucoro for an undisclosed sum.

/payments

NAB to buy Citi's Australian consumer business for $1.2 billion

NAB is to buy Citigroup's Australian consumer operations for $1.2 billion in a deal that will double the lender's credit card business.

/crypto

NCR to acquire crypto software house LibertyX

NCR is to acquire LibertyX, a provider of cryptocurrency software for ATMs, point-of-sale systems and kiosks.

/wealth

Lloyds Banking Group to acquire WealthTech Embark

Lloyds Banking Group is to acquire self-directed wealth platform Embark Group for £390 million.

/cloud

Solarisbank raises EUR190m; buys Contis

Berlin-based banking-as-a-service platform Solarisbank has set its sights on conquering Europe after raising EUR190 million in a Series D funding round at a EUR1.4 billion valuation and buying UK outfit Contis.

/retail

Starling Bank acquires Fleet Mortgages for £50 million

Starling Bank has made its first acquisition, shelling out £50 million for the buy-to-let lending operation of Hampshire-based Fleet Mortgages.

/payments

Klarna buys German shopping app Stocard

Flush from a recent $639 million mega-raise, BNPL giant Klarna has reportedly splashed €113 million on German discount shopping app Stocard.

/payments

Visa to acquire Currencycloud

Visa has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide foreign exchange services for cross-border payments.

/retail

Volt acquires Australian Mortgage

Australian neobank Volt has acquired fintech lender Australian Mortgage to speed up the mortgage approval process as part of its banking-as-a-service offering.

/markets

SIX buys ETF data specialist Ultumus

Swiss exchange operator SIX has acquired international index and ETF data specialist Ultumus from investment firm ETFS Capital. Financial terms were not disclosed.

/retail

Better buys UK online mortgage broker Trussle

Better HoldCo, a digital platform that helps Americans buy homes, has acquired UK online mortgage broker Trussle Lab. Financial terms were not disclosed.

/payments

Klarna acquires social shopping outfit Hero

Klarna has acquired 'social shopping' startup Hero, bringing instore retailer expertise to the online shopping experience.

/payments

P27 Nordic Payments secures merger approval from EU Commission

The European Commission today announced merger approval for the P27 Nordic Payments initiative to establish its pan-Nordic payments platform. This approval marks a significant milestone for the initiative which is working toward the creation of a common payments infrastructure across the Nordic region.

/startups

Dutch challenger bunq hits €1.6bn valuation on first outside investment

Bunq has hit a €1.6 billion valuation on a €193 million Series A funding round that also sees the Dutch digital bank buy Irish lending firm Capitalflow Group.

/crypto

Circle plans $4.5bn listing

Global fintech firm Circle has announced plans to go public via a special purpose acquisition company (SPAC) deal that values the company at $4.5bn.

/payments

Rapyd to acquire Iceland's Valitor for $100 million

Payments-as-a-service platform Rapyd has agreed a deal to acquire Icelandic payments company Valitor from Arion Bank for $100 million

/payments

Wordline splashes €180m for majority stake in BNL merchant acquiring arm

Worldline has signed a binding agreement for the acquisition of 80% of Axepta Italy, the merchant acquiring arm of BNL banking group.

/payments

Nordic mobile wallets Vipps, MobilePay and Pivo to merge

Nordic mobile wallets MobilePay, Pivo and Vipps are joining forces to create a single payments app with a combined user base of 11 million consumers across Finland, Denmark and Norway.

/sustainable

JPMorgan to acquire OpenInvest

JPMorgan has agreed to acquire OpenInvest, a provider of ESG tools for the wealth management industry.

/retail

JPMorgan Chase takes 40% stake in Brazilian digital bank C6

JPMorgan Chase has taken a 40% stake in Brazilian digital bank C6, marking its retail banking debut in one Latin America's most hotly contested markets.