Mergers and acquisitions

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/Mergers and acquisitions

SGX to acquire BidFX

Singapore Exchange is to enter the over-the-counter FX market after acquiring the remaining 80% stake in BidFX from its other shareholders for a cash consideration of approximately $128 million.

/wholesale

Rabo Frontier Ventures acquires stake in SME marketplace Ageras

Rabo Frontier Ventures is to take a stake in Ageras through the sale of its online bookkeeping app Tellow to the fast-growing SME marketplace.

/retail

Mastercard to buy Finicity for open banking push

Mastercard is accelerating its open banking strategy through the $825 million acquisition of real-time financial data aggregation service Finicity.

/markets

EC opens antitrust probe into LSE-Refinitiv deal

The European Commission has opened an in-depth antitrust investigation into the London Stock Exchange's planned $27 billion takeover of financial data vendor Refinitiv.

/markets

Wells Fargo sells Global Alternative Investments Feeder Fund Platform to iCapital

Wells Fargo & Company (NYSE: WFC) today announced that Wells Fargo Investment Institute, Inc., (WFII) has entered into an agreement to sell its Global Alternative Investments (GAI) Feeder Fund Platform to iCapital Network.

/markets

Microsoft acquires Big Data modeller ADRM

In advancing our mission to empower every person and organization on the planet to achieve more, Microsoft has been investing in the power of data and artificial intelligence (AI) to continuously innovate, influence and enhance customer experience and partner growth.

/retail

Finastra sells Enhancement Services business to Sigma Loyalty Group

Finastra has struck a definitive deal to sell off its Canadian-based Enhancement Services business to Sigma Loyalty Group. Terms of the sale were not disclosed.

/payments

Eurazeo Capital portfolio company Planet acquires 3C Payment

Eurazeo Capital is pleased to announce the acquisition of 3C Payment by portfolio company, Planet, creating a major global provider of value-added payment solutions.

/payments

Mobile payments outfit Boku to buy Fortumo

Boku (AIM:BOKU), a leading global mobile payment and mobile identity company, is pleased to announce that it has conditionally agreed to acquire the entire issued and to be issued share capital of Fortumo Holdings, Inc. and its subsidiaries ("Fortumo") (the "Acquisition") in a transaction valued at a maximum enterprise value of $41 million.

/retail

Greensill buys Omni for Latin America push

Greensill, a UK-based supplier of alternative supply chain finance, is targeting the Latin American market following the acquisition of Colombian SME digital lender Omni.

/retail

Credit Sesame buys Canadian challenger bank Stack

American fintech Credit Sesame is moving into the Canadian market through the acquisition of challenger bank Stack. Terms of the deal were not disclosed.

/payments

Square acquires Spanish P2P payments app Verse

We’ve acquired Verse, a Spanish P2P payments app that allows customers to send and receive payments from friends and family instantly, safely, and free of charge.

/payments

Fime acquires Cetecom US payments business

Payments testing and consultancy expert, FIME has announced its acquisition of CETECOM U.S.’s payment activities.

/covid-19

Metro Bank in talks to buy P2P lender RateSetter

Metro Bank has confirmed that it is in exclusive talks to buy the UK's biggest P2P lender RateSetter.

/payments

H&R Block to acquire Toronto's Wave Financial

H&R Block, Inc. (NYSE: HRB) today announced that it entered into a definitive agreement to acquire Wave Financial, Inc. (“Wave”), a rapidly-growing financial solutions platform focused on changing the way small business owners manage their finances, for $405 million in cash.

/markets

SIX completes acquisition of controlling stake in BME

SIX Group AG (SIX), the Swiss financial markets infrastructure operator, has successfully completed its all-cash voluntary tender offer for Bolsas y Mercados (BME), operator of the Spanish stock exchanges and cornerstone of the Spanish capital markets, securing an acceptance level of 93.16% of BME’s share capital.

/payments

TAS acquires payments processor Infraxis

TAS International SA, the wholly-owned subsidiary of TAS S.p.A., has today signed a binding agreement for the acquisition of the Swiss company, Infraxis AG, and its British subsidiary, Infraxis Ltd (UK).

/retail

XP acquires majority stake in Brazilian Open banking startup Fliper

XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announces the acquisition of a majority ownership stake in Fliper, an automated investment consolidation platform that offers its users connectivity and tools to perform intuitive and intelligent financial self-management.

/wealth

Aviva takes complete ownership of Wealthify

Wealthify is starting a new chapter as we embark on the next phase of our growth.

/crime

Nasdaq buys stake in crime investigation automation company Caspian

Nasdaq (Nasdaq: NDAQ) announced today that its investment arm, Nasdaq Ventures, has taken a minority stake in the UK-based financial crime investigation automation company Caspian.