Mergers and acquisitions

3227 articles tagged with this keyword

/payments

Worldline progresses M&A strategy with majority stake in GoPay

Worldline has reinforced its merchant services business in Eastern Europe with the acquisition of a majority stake in Czech online payments processor GoPay.

/wholesale

Capita sells irish unit to SS&C

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced it has entered into an agreement to acquire Capita Life & Pensions Services (Ireland) Limited (CLPSI) and certain related business.

/wholesale

Accountancy platform Bokio raises EUR7.4 million; acquires rival Red Flag

Accountancy platform Bokio has raised EUR7.4 million in equity finance and merged with Stockholm-based competitor, Red Flag.

/retail

SoFi Invest comes to Hong Kong

American digital lender SoFi is expanding into Asia after buying the parent firm of Hong Kong-based online brokerage 8 Securities. Financial terms were not disclosed.

/markets

Beeks Financial Cloud buys Velocimetrics

Beeks Financial Cloud Group has acquired network monitoring and trade analytics software firm Velocimetrics for a base consideration of £1.3 million in cash and equity, plus contingent earn-out.

/Mergers and acquisitions

Agilesphere and Fimatix merge to create Govtech/fintech hybrid

Agilesphere and Fimatix are today announcing their merger. By combining their complementary expertise, this move will create a leading Govtech and Fintech business: Agilesphere, a Fimatix Group company.

/wealth

Finantix confirms closing of acquisition of InCube

Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, confirms the closing of its acquisition of InCube Group AG on April 8 2020.

/payments

Blackhawk Network closes SVM Cards acquisition

Today, global branded payments provider Blackhawk Network announced that it has completed its acquisition of SVM Cards, a provider of physical and digital open- and closed-loop prepaid cards.

/regulation

EC sets sights on Mastercard's Nets deal

Mastercard's EUR2.85 billion acquisition of Nets' account-to-account payment business is being assessed by the European Commission on competition grounds after six countries raised concerns about the deal.

/payments

Harbour & Hills opens B2B payment gateway to China with Global Envoi acquisition

Harbour & Hills (H&H) Financial Services Limited, a leading Hong Kong-headquartered B2B payments service provider, has announced acquisition of a controlling stake in Global Envoi Limited (GEL), a payments processor with strong capabilities in clearing payments to China.

/devops

SoFi buys fintech API builder Galileo for $1.2bn

Online lender SoFi has agreed a $1.2 billion cash and stock deal to buy financial services API and payments platform Galileo Financial Technologies.

/payments

Vodacom and Safaricom complete M-Pesa buyout

Vodacom and Safaricom announce that they have completed the acquisition of the M-PESA brand, product development and support services from Vodafone through a newly-created joint venture.

/retail

Private banks may prove profitable partners for fintechs

Hauck & Aufhäuser, one of Germany’s oldest banks, recently announced a partnership with savings marketplace Raisin, integrating the platform’s products into its own ecosystem.

/identity

Signicat acquires Dutch Identity Specialist Connectis

Signicat, the Trusted Digital Identity™ company, has acquired digital identity specialist Connectis, to create the strongest digital identity platform in the European market.

/identity

Acuant acquires IdentityMind

Acuant, a leading global provider of identity verification solutions, today announced it has finalized the acquisition of former strategic partner IdentityMind, creator of Trusted Digital Identities.

/payments

Coronavirus crisis knocks EUR105 million off PFS purchase price

EML Payments has negotiated a EUR105 million discount on a previously agreed deal to acquire Prepaid Financial Services, as the Covid-19 outbreak reshapes the economic landscape.

/regulation

Competition watchdog steps in over FNZ/GBST merger

FNZ's proposed takeover of GBST has been brought into question by the Competition and Markets Authority, following an investigation which concluded that the merger could result in UK investors losing out as a result of higher prices, fewer options and less innovation.

/payments

Crif acquires PFM firm Strands

Italian credit bureau and outsourcing company Crif has acquired personal financial management outfit Strands for an undisclosed sum.

/retail

Tink acquires Spanish account aggregation vendor Eurobits for EUR15.5 million

Swedish Open Banking platform Tink has acquired Eurobits Technologies, a Madrid-based provider of account aggregation technology, for EUR15.5 million.

/markets

Spanish authorities approve offer from SIX for takeover of BME

SIX Group AG (“SIX”), the Swiss financial markets infrastructure operator, today received authorisation from the CNMV for its all-cash voluntary tender offer for Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. (“BME”), operator of the Spanish stock exchanges and cornerstone of the Spanish capital markets.