Latest Mergers and acquisitions News: Finextra Research

Plaid backs Gemini users for crypto purchases

Crypto exchange Gemini, has connected with open banking and payments platform Plaid, to provide UK customers with the option to buy cryptocurrency through their bank accounts.

28 July 2022

News/startups

Circular economy fintech Fairown expands to Poland

Sustainability-focused fintech, Fairown, has announced plans to expand into central Europe and develop a circular economy, by helping banks and vendors offer products as a service. The platform will join forces with Apple Premium Reseller Cortland and Inbank for its launch in Poland.

27 July 2022

Company update/security

Equifax to buy Midigator

Equifax (NYSE: EFX) is expanding its global footprint in digital identity and fraud prevention with a definitive agreement to acquire Midigator LLC, a provider of post-transaction fraud mitigation solutions. With the rise of global ecommerce sales, expected to hit $5.5 trillion in 2022, transaction disputes and chargebacks are also surging.

26 July 2022

News/retail

Santander CIB partners with SAP to deliver ‘invisible banking’

Santander Corporate and Investment Banking (CIB) has partnered with SAP to expand the digitisation of their global transaction banking services.

26 July 2022

News/retail

Qonto sets sights on acquisition of Penta

Qonto, online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks.

22 July 2022

News/payments

Tietoevry considers spin-off and listing of banking unit

Finnish IT services provider, Tietoevry, has announced that it is mulling over the option of separating and listing the Tietoevry Banking unit, as part of a wider strategic review.

22 July 2022

Company update/markets

Speakerbus buys iMarket's Trader Voice business

Speakerbus, a leading provider of real-time digital communications for the financial markets, has announced the acquisition of iMarket, a leading provider of trader voice communications services.

20 July 2022

Company update/wealth

FNZ acquires private banking fintech

FNZ, the global wealth management platform, has acquired New Access, a specialized private banking technology firm primarily active in the markets of Switzerland, Liechtenstein and Luxembourg.

20 July 2022

Company update/retail

Virgin Money and Superscript partner up to provide insurance to SMEs

Virgin Money, the high-street bank, is partnering with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

15 July 2022

Company update/retail

German insurtech ELEMENT secures € 21.4 million in latest round

The Berlin-based InsurTech ELEMENT earns another € 21,4 million in Series-B financing. The total investment now amounts to 88 million euros. Simultaneously, the company achieves its best YTD result ever. The investment round is led by the Versorgungswerk Zahnärztekammer Berlin (VZB). Additional investments in the success of the digital insurance company are made by Alma Mundi, Witan Group and Ilavska Vuillermoz Capital.

15 July 2022

Company update/retail

CIBC Innovation Banking injects £40 million growth financing to UK fintech Smart

CIBC Innovation Banking is pleased to announce £40 million of growth financing for London-based Smart, a leading retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.

15 July 2022

Company update/markets

Tifin acquires SharingAlpha

TIFIN, a fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, today announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts located throughout the world, but with a high concentration in the UK and Western Europe.

14 July 2022

Company update/payments

Flywire acquires Cohort GO

Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire.

14 July 2022

News/wholesale

ANZ in talks to buy accounting software firm Myob

ANZ has confirmed market speculation that it is looking to buy accounting software firm Myob from Kohlberg Kravis Roberts.

14 July 2022

Company update/regulation

SymphonyAI to buy BAE Systems' AML unit

SymphonyAI, a leader in high-value enterprise AI SaaS for strategic industries, announced today it is acquiring financial crime detection leader NetReveal from BAE Systems. This acquisition marks a significant step in SymphonyAI’s expansion strategy within the financial vertical.

12 July 2022

News/payments

Zip terminates merger deal with Sezzle

Shares in US BNPL player Sezzle tumbled by 30% as Australian rival Zip pulled out of a proposed $491 million merger deal.

12 July 2022

Company update/security

Epcor acquires Fraud Alert Services

EPCOR - Your Electronic Payments Core of Knowledge announced its acquisition of the COCHA, The Central Oklahoma Clearing House Association.

12 July 2022

News/retail

Brazil's Creditas buys banking licence

Brazilian secured lending platform Creditas is set to expand its offering, buying a banking licence and a mortgage marketplace.

11 July 2022

Company update/regulation

Kerv acquires TDS Global Communications Compliance Practice

Kerv, the next-generation, customer-first cloud & digital transformation services provider, has today announced the acquisition of the Communications Compliance Practice business of TDS Global Holdings, to significantly enhance its capabilities in FCA regulated compliance services.

11 July 2022

News/payments

GoHenry acquires French teen banking app Pixpay

GoHenry, the UK-based provider of a pre-paid debit card and financial education app for kids aged from six to 12 years old, has expanded into Europe with the acquisition of French peer Pixpay.

11 July 2022