Mergers and acquisitions

1367 articles tagged with this keyword

/payments

Capital One to acquire Discover for $35 billion

Capital One has made a $35 billion bid to acquire Discover Financial Services, in a move that radically reshapes the payment card industry.

/crypto

RockWallet acquires Wyre’s user base

RockWallet has announced its acquisition of Wyre’s full customer base after the cryptocurrency payment platform shut down in June 2023.

/retail

Nigeria's Carbon buys Vella Finance for AI-powered business banking

Nigerian digital bank Carbon has acquired Vella Finance for the launch of an AI-powered platform for SMEs. Financial terms were not disclosed.

/payments

Viva Wallet acquisition turns sour for JPMorgan as lawsuits filed

Lawsuits are flying between JPMorgan and Viva Wallet, the European cross-border payments platform in which the US bank acquired a 49% stake last year.

/wealth

Virgin Money acquires abrdn's stake in joint venture wealth platform

Virgin Money is to take full control of its digital wealth management platform, buying out joint investor abrdn for £20 million.

/crypto

Ripple to acquire Standard Custody

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

/retail

Tesco Bank sells credit cards, loans and savings operations to Barclays

The £600 million deal has an "initial" agreement lasting 10 years.

/crypto

Crypto custodian BitGo moves into private securities with Brassica acquisition

Crypto custody specialist BitGo has acquired Brassica, a fintech specialising in providing back-end infrastructure services for private securities and alternative investments. Financial terms were not disclosed.

/identity

Entrust opens talks to take over Onfido

Entrust, a provider of security services for payment cards, passwords and access controls, has confirmed that it has entered exclusive negotiations to acquire ID verification outfit Onfido.

/wealth

Cred moves into wealth management with acquisition of Kuvera

Indian fintech giant Cred is to move into the wealth management market with the acquisition of mutual fund and stock investment platform Kuvera.

/startups

UK fintech investment down 34% in 2023

Total UK fintech investment dropped to $12.3 billion in 2023, down 34% from $18.7 billion in 2022, according to KPMG’s Pulse of Fintech, a bi-annual report on fintech investment trends

/payments

Oz payments firm Fat Zebra buys open banking outfit Adatree

Australian payments infrastructure provider Fat Zebra has acquired local open banking technology platform Adatree. Financial terms were not revealed.

/startups

Ramp expands procurement capabilities with Venue acquisition

Finance automation platform Ramp has expanded its procurement capabilities through the acquisition of Sequoia-backed startup Venue. Financial terms were not disclosed.

/wealth

Objectway buys Canada's Nest Wealth

Italian software and services provider to banks and asset and wealth managers Objectway is making moves into North America through the acquisition of Canadian firm Nest Wealth. Terms were not disclosed.

/markets

EquiLend to be acquired by PE firm WCAS

EquiLend, the securities lending trading platform owned by 10 major Wall Street firms, is being acquired by private equity firm Welsh, Carson, Anderson & Stowe (WCAS).

/regulation

Encompass acquires ING compliance startups

Encompass Corporation has acquired two compliance startups - CoorpID and Blacksmith - developed by Dutch bank ING.

/startups

Fintech startup Salmon becomes licenced bank in the Philippines

Consumer credit fintech Salmon has become a licenced bank in the Philippines after acquiring a controlling interest in Rural Bank of Sta. Rose.

/payments

Ant Group eyes up $200 million acquisition of Multisafepay

China's Ant Group is reportedly preparing to acquire Dutch payments firm Multisafepay as it expands further into Western markets.

/payments

Blackstone buys majority stake in Sony Payment Services

Japan's Sony Bank has offloaded a majority stake in its payments business to private equity funds managed by Blackstone.

/retail

ABN Amro acquires European neobroker BUX

ABN Amro is to acquire European neobroker Bux, strengthening its footprint in the retail investment space.