Latest Mergers and acquisitions News: Finextra Research

Company update/wealth

FNZ to acquire ifsam

FNZ, the global wealth management platform, has agreed to acquire International Fund Services & Asset Management SA (ifsam), a Luxembourg-based B2B fund platform.

08 February 2023

Company update/payments

Billing Better acquires Homebox

Billing Better, the leading UK bills management company, has announced that it has acquired Homebox, a utilities comparison and switching service.

07 February 2023

Company update/markets

Optiver-led consortium buys Traxys

Traxys, a leading global physical trader and merchant in metals and natural resources, today announced a change of ownership. Traxys’ management, together with Optiver, a global market maker, CoLift, an investment firm, and an investor group active in mining and natural resources led by Regent Mercantile Holdings Limited and LOM Financial Group, will acquire all of the interests in Traxys held by funds managed by global investment firm Carlyle (NASDAQ: CG) and affiliates of Louis M. Bacon, the founder of Moore Capital Management, LP.

07 February 2023

News/regulation

Seon acquires AML specialist Complytron

Reacting to a surge in anti-money laundering fines, fraud prevention company Seon has acquired compliance and financial crime specialist firm, Complytron

06 February 2023

News/retail

Zopa Bank raises £75 million to boost growth

Zopa Bank has received £75 million in funding to support its next phase of growth in the UK.

02 February 2023

News/payments

Marqeta makes first acquisition, buys Power Finance for $275 million

Card issuing fintech Marqeta is to acquire credit card programme management platform Power Finance for $275 million in cash.

30 January 2023

Company update/markets

CrowdX acquires J P Jenkins

CrowdX, the FinTech platform providing marketplaces and liquidity solutions for private companies, has this morning announced the acquisition of J P Jenkins (JPJ) as a wholly owned subsidiary.

26 January 2023

News/regulation

Corlytics acquires ING RegTech platform SparQ

Corlytics has acquired SparQ, a regulatory monitoring platform spun out of ING, in a €5 million aggregate deal.

25 January 2023

News/wealth

FNZ buys YieldX

Wealth management platform FNZ has made its second acquisition in a week, buying YieldX, a US-based provider of fixed income portfolio management technology, optimisation services and direct indexing tools.

20 January 2023

Company update/security

Abacus Group buys cybersecurity consulting companies

Abacus Group, the leading provider of hosted IT services and solutions to alternative investment firms, today announces that it has acquired two boutique cybersecurity consulting companies, Gotham Security and its parent company, GoVanguard, both of which have unparalleled track records of excellence in the cyber arena.

18 January 2023

Company update/security

Forter buys bot detection player Immue

Forter, the Trust Platform for digital commerce, today announced the acquisition of Immue, a bot detection company based in Tel Aviv, Israel. Forter’s first acquisition will not only strengthen the company’s existing fraud management capabilities but add Immue’s domain-specific bot expertise.

18 January 2023

News/wealth

FNZ acquires Germany's Fondsdepot Bank

Wealth management platform FNZ has acquired German credit institution Fondsdepot Bank.

16 January 2023

News/retail

JPMorgan Chase sues founder of startup it acquired

JPMorgan Chase is suing the founder of a college financial planning platform it acquired for $175 million, accusing her of creating a list of millions of fake users to get the deal completed.

12 January 2023

Company update/Mergers and acquisitions

Deel acquires Capbase

We all know equity can be one of the best ways to attract and retain talent for the long-term.

12 January 2023

News/regulation

Tech billionaire Richard White buys KYC outfit Kyckr

Australian tech billionaire Richard White has acquired ASX-listed corporate KYC company Kyckr.

12 January 2023

News/wholesale

Fidelity buys fintech Shoobx

Fidelity Investments has acquired Shoobx, a provider of automated equity management operations and financing software for private companies. Financial terms of the deal were not disclosed.

12 January 2023

Company update/markets

Apex Group acquires PFS-Paxus

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the acquisition of Pacific Fund Systems (“PFS”), a leading global fund administration software business, from co-founders and Pollen Street Capital.

11 January 2023

News/regulation

Cube begins RegTech roll up with acquisition of The Hub

RegTech Cube has acquired AI-driven data capture firm The Hub, the first of a planned series of acquisitions to drive consolidation in the market for regulatory technology.

11 January 2023

News/payments

Flutterwave eyes up Railsr

African payments technology unicorn Flutterwave has entered the running to acquire embedded banking platform Railsr, which has been hit hard by inflationary pressures, rising interest rates, cashflow pressures and VC pullback.

10 January 2023

Company update/retail

Accenture to acquire SKS Group

Accenture (NYSE: ACN) has agreed to acquire SKS Group, a consulting firm that helps banks across Germany, Austria and Switzerland modernize their technology infrastructure and address regulatory requirements using SAP S/4HANA solutions. Terms of the transaction were not disclosed.

10 January 2023