Latest Mergers and acquisitions News: Finextra Research

Company update/payments

CXI completes acquisition of Canadian payments business

Currency Exchange International, Corp. (TSX: CXI) (OTCBB: CURN ), a full service foreign exchange technology and services provider, is pleased to announce its wholly-owned subsidiary Exchange Bank of Canada (EBC) has closed its acquisition of the assets of a Canadian international payments business that has operated 24 years in the Province of Québec.

30 July 2020

Company update/security

Prove buys mobile authentication line of business from Early Warning Services

Prove (formerly Payfone), the modern platform for continuous identity authentication, today announced the acquisition of mobile authentication lines of business from Early Warning Services, LLC, a consortium owned by seven of the country’s largest banks.

29 July 2020

News/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.

29 July 2020

Company update/wealth

Refinitiv buys Advisor Software Inc assets

Refinitiv today announced the acquisition of strategic assets from Advisor Software Inc. (ASI), adding key digital functionalities to Refinitiv’s Wealth Management offering including enhanced digital advice capabilities and digital portfolio analysis.

29 July 2020

News/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.

29 July 2020

Company update/cloud

Confluence completes StatPro integration

Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider delivering innovative products to the investment management industry, announced today the completed integration of the former StatPro Group plc and its cloud-based portfolio analytics, asset data services and data management solutions.

28 July 2020

News/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.

28 July 2020

News/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.

28 July 2020

Company update/payments

Paysafe to buy Openbucks for US push

Paysafe, a leading specialized payments platform, today announces its acquisition of US-based payment technology company, Openbucks, for an undisclosed sum.

27 July 2020

Company update/markets

Moscow Exchange buys 17% stake e-FX trading platform

On 23 July 2020, Moscow Exchange completed the acquisition of a 17% stake in BierbaumPro AG, which holds a 100% ownership stake in NTProgress, the company behind the development of the proprietary OTC FX platform NTPro. NTProgress is BierbaumPro’s main asset.

24 July 2020

Company update/startups

Direct Line buys insurance startup Brolly

Brolly was founded with a clear vision: ‘make insurance simple’. We’ve been on an incredible journey with our team, our product and our customers.

16 July 2020

Company update/markets

Euronext receives clearance from Danish authorities for acquisition of VP Securities

Euronext, the leading pan-European exchange, today announces it has received the clearance from the Danish Financial Supervisory Authority to acquire up to 100% of VP Securities A/S1 (“VP Securities”) on 15 July 2020.

16 July 2020

Company update/payments

Square acquires Stitch Labs

We’ve acquired Stitch Labs, an operations management platform for growing commerce brands. Stitch Labs has a strong background in building key tools for businesses such as inventory and order management, channel management, and fulfillment solutions.

14 July 2020

Company update/payments

Heidelpay to acquire Paysafe's 'Pay Later' business

The heidelpay Group (“heidelpay”), one of Germany’s fastest growing tech companies for international payments, today announces that it has agreed to acquire Paysafe Pay Later, the deferred payments arm of the Paysafe Group (“Paysafe”), for an undisclosed sum.

09 July 2020

Company update/retail

NextGen.Net acquires Frollo for Aus Open banking push

NextGen.Net, Australian market leader and innovator in lending technology, has today announced it has acquired Frollo, a purpose-driven Australian FinTech and leading provider of financial management and Consumer Data Right (Open Banking) solutions.

09 July 2020

News/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.

08 July 2020

Company update/payments

Worldline files tender offer for Igenico with AMF

Worldline [Euronext : WLN] and Ingenico [Euronext : ING] announce today that they have reached a key milestone in their proposed combination with the filing with the Autorité des marchés financiers (AMF) of a draft offer document and a draft reply document, relating to Worldline's tender offer for Ingenico securities with a view to creating the world's fourth largest player in payment services by bringing together approximately 20,000 employees in 50 countries.

08 July 2020

News/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.

02 July 2020

News/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.

30 June 2020

News/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.

30 June 2020