Mergers and acquisitions

1410 articles tagged with this keyword

/retail

Enova to buy OnDeck for $90m

OnDeck, the online lender to small businesses, is being acquired by rival Enova in a cash and stock deal worth around $90 million.

/wealth

eToro makes acquisition ahead of debit card launch

Online investment platform eToro has furthered its preparations for the launch of its first debit card by acquiring UK-based e-money platform Marq Millions.

/retail

Nubank buys firm behind Clojure programming language

Brazilian digital banking powerhouse Nubank has acquired Cognitect, the US-based software consultancy behind the Clojure programming language and the Datomic database. Terms of the deal were not disclosed.

/people

Westpac hires new IT head

Australian bank Westpac has appointed former ANZ technology chief Scott Collary to lead the consolidation of its technology and operations division.

/markets

UK watchdog raises competition concerns over ION-Broadway deal

ION Group's planned takeover of Broadway Technology has been thrown into doubt after a UK watchdog ruled that the deal could raise competition concerns in the supply of electronic trading systems.

/regulation

Singapore investigates LSE-Refinitiv deal

Singapore's competition watchdog has raised concerns about the London Stock Exchange's planned $27 billion takeover of financial data vendor Refinitiv.

/startups

SocGen buys French neobank for entrepreneurs Shine

Societe Generale is acquiring Shine, a French neobank for entrepreneurs, in a deal rumoured to be worth around EUR100 million.

/payments

MFS Africa buys Beyonic to bring cross-border payments to African SMEs

Pan-African digital payments hub MFS Africa has bought Beyonic, a digital payments management provider of business services for SMEs across the continent. Terms of the deal were not disclosed.

/Mergers and acquisitions

SGX to acquire BidFX

Singapore Exchange is to enter the over-the-counter FX market after acquiring the remaining 80% stake in BidFX from its other shareholders for a cash consideration of approximately $128 million.

/wholesale

Rabo Frontier Ventures acquires stake in SME marketplace Ageras

Rabo Frontier Ventures is to take a stake in Ageras through the sale of its online bookkeeping app Tellow to the fast-growing SME marketplace.

/retail

Mastercard to buy Finicity for open banking push

Mastercard is accelerating its open banking strategy through the $825 million acquisition of real-time financial data aggregation service Finicity.

/markets

EC opens antitrust probe into LSE-Refinitiv deal

The European Commission has opened an in-depth antitrust investigation into the London Stock Exchange's planned $27 billion takeover of financial data vendor Refinitiv.

/retail

Finastra sells Enhancement Services business to Sigma Loyalty Group

Finastra has struck a definitive deal to sell off its Canadian-based Enhancement Services business to Sigma Loyalty Group. Terms of the sale were not disclosed.

/retail

Greensill buys Omni for Latin America push

Greensill, a UK-based supplier of alternative supply chain finance, is targeting the Latin American market following the acquisition of Colombian SME digital lender Omni.

/retail

Credit Sesame buys Canadian challenger bank Stack

American fintech Credit Sesame is moving into the Canadian market through the acquisition of challenger bank Stack. Terms of the deal were not disclosed.

/covid-19

Metro Bank in talks to buy P2P lender RateSetter

Metro Bank has confirmed that it is in exclusive talks to buy the UK's biggest P2P lender RateSetter.

/payments

Western Union bids to buy MoneyGram - Bloomberg

Western Union has made an offer to buy fellow money transfer outfit MoneyGram, according to Bloomberg.

/startups

Anna raises $21m for European expansion

Anna, a London-based mobile business current account and financial admin assistant for SMEs and freelancers, is planning to move into Europe after selling a majority stake to multinational banking group ABHH.

/retail

GoBear moves into consumer lending with acquisition of AsiaKredit

Singaporean financial comparison site GoBear is extending its regional influence and business remit with the acquisition of consumer lending platform Asiakredit, which has processed over one million loan applications in the Phillippines.

/regulation

IHS Markit acquires Singapore trade reporting firm Catena

IHS Markit has acquired Catena Technologies, a regulatory trade reporting firm based in Singapore. Financial terms were not disclosed.