Latest Mergers and acquisitions News: Finextra Research

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

News/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.

29 June 2020

News/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.

25 June 2020

News/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.

23 June 2020

News/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.

22 June 2020

Company update/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.

19 June 2020

Company update/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.

19 June 2020

News/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.

18 June 2020

Company update/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.

18 June 2020

Company update/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.

17 June 2020

News/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.

16 June 2020

News/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.

16 June 2020

Company update/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.

16 June 2020