Mergers and acquisitions

3165 articles tagged with this keyword

/payments

Worldline anticipates 15 October close for Ingenico transaction subject to EC remedies

Following the publication by the European Commission of the deadline for the completion of its review of the transaction, now set for September 30th, 2020, Worldline expects that, subject to the approval of the transaction by the European Commission, Worldline's tender offer for Ingenico's securities should close around October 15th, 2020 in line with the indicative timetable.

/retail

Ohpen acquires mortgage fintech Davinci

Dutch fintech Ohpen has acquired cross-border loan and mortgages Software as a Service (SaaS) provider Davinci.

/regulation

LPA Group takes over RegTech Aracada

The LPA Group, the European market leader in capital market technology (CapTech) and technology-centric transformation services for the financial world, today announces the acquisition of the Acarda Group.

/regulation

Kaizen Reporting acquires MDM Compliance Systems

Leading regulatory reporting assurance firm Kaizen Reporting (Kaizen), developer of the multi-award-winning assurance service, ReportShield, today announced the acquisition of MDM Compliance Systems, the premier service for shareholding disclosure management.

/wealth

Avaloq stake suitors include ION and NEC - Bloomberg

ION, NEC and a host of private equity firms are in the running to buy Warburg Pincus's 45% stake in Swiss fintech house Avaloq, according to Bloomberg.

/identity

IDnow acquires Wirecard Communication Services

The fire sale of Wirecard assets continues apace, with digital identity firm IDnow picking up the disgraced German firm's Communication Services unit.

/Mergers and acquisitions

Cornerstone to acquire FXPress Payment Services

Cornerstone Brands is pleased to announce that shareholders have approved the intended acquisition of FXPress Payments Services Ltd, a provider of advanced payment systems as Platform as a Service to SMEs (“FXPress”).

/payments

Railsbank closes in on Wirecard UK deal

Railsbank is closing in on its acquisition of the UK arm of disgraced Germany payments processor Wirecard. Financial terms have not been disclosed.

/retail

NerdWallet buys UK's Know Your Money

American personal finance outfit NerdWallet is eyeing international expansion after acquiring UK-based comparison site Know Your Money. Financial terms were not disclosed.

/retail

Malaysia's JurisTech acquires financial comparison site iMOney

JurisTech (Juris Technologies), a fintech, has announced today its acquisition of iMoney.

/payments

WorldRemit to acquire Sendwave

WorldRemit is to acquire Africa-focused remittance app Sendwave in a cash and stock transaction that will value the combined company at $1.5 billion.

/crypto

FTX acquires BlockFolio for $150 million

The crypto industry is back in a big way. In the last week, Bitcoin hit a new 2020 high—growing more than 200% since its lows at the beginning of the COVID-19 crash.

/payments

Xero moves into business lending with acquisition of Waddle

Accountancy platform Xero has acquired invoice financing firm Waddle for A$31 million.

/wholesale

ConsenSys acquires Quorum blockchain from JP Morgan

ConsenSys has acquired Quorum, the enterprise-variant of the Ethereum blockchain developed by JP Morgan, in a deal that also sees the bank make a strategic investment in the software house.

/payments

AfterPay shells out €50 million to expand across Europe

Australian buy now, pay later outfit AfterPay is expanding into the European market through the acquisition of Pagantis and PMT Technology from NBQ Corporate.

/payments

Standard Bank acquires 35% stake in TradeSafe

Standard Bank has acquired a 35% equity stake in digital escrow company TradeSafe Escrow, providing a means for buyers and sellers to mitigate transaction fraud.

/regulation

CMA greenlights Visa's takeover of Plaid

The decision by the Competition and Markets Authority (CMA) follows a Phase 1 review in which it investigated several possible ways the deal could harm competition.

/Mergers and acquisitions

Westpac sells Vendor Finance business

Westpac Group has today announced that it has entered into an agreement for the sale of its Vendor Finance business to Angle Finance, a portfolio company of Cerberus Capital Management, L.P.

/payments

Railsbank bids for Wirecard UK

Railsbank has confirmed its intent to acquire the UK arm of disgraced Germany payments processor Wirecard.

/payments

ANZ to sell offsite ATM network to Armaguard

ANZ today confirmed it had signed an agreement for the sale of 1300 of its offsite Australian ATMs to Armaguard Group.