Mergers and acquisitions

3165 articles tagged with this keyword

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Prime Financial Solutions and Mortgages and Yumo Finance merge

Prime Financial Solutions and Mortgages Ltd and Yumo Finance have today announced a formal partnership that creates a complete portfolio of property and business finance solutions, under one roof.

/markets

CMA outlines competition concerns with AI Foundation Models

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

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Broadstone buys Vestigo to deepen credit risk capabilities

Broadstone, a leading independent pensions, employee benefits, investments and insurance consultancy, announces the acquisition of Vestigo Partners Limited (Vestigo), an experienced and dynamic analytics and credit risk consultancy established in 2017.

/markets

EQT sells Rimes to Five Arrows

Data management provider to the asset management sector Rimes is being sold by investment firm EQT to Five Arrows. Terms of the deal were not disclosed.

/inclusion

Credit fintech Petal agrees sale to Empower

Empower Finance has agreed to buy US credit fintech Petal and closed the acquisition of Philippines-based Cashalo.

/identity

Entrust closes Onfido acquisition

Entrust, a global leader in trusted payments, identities, and data security, today announced that it has completed its acquisition of Onfido, a global leader in identity verification.

/markets

London-listed Gresham to be bought by STG Partners

London-listed fintech Gresham Technologies has agreed to be bought out by a private equity firm in a cash deal worth £146.7 million.

/markets

Tradeweb to pay $785m for investment tech firm ICD

Tradeweb Markets has struck a deal to buy investment technology firm Institutional Cash Distributors (ICD) for $785 million.

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Linedata acquires French AI startup

Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, today announces the acquisition of DreamQuark, a renowned French startup specializing in the development of artificial intelligence (AI) platforms and services for the financial services sector.

/startups

SC Ventures and NEXT176 partner up to launch financial wealth platform

Standard Chartered’s investment ventures arm, SC Ventures has joined forced with building and investment arm of Pan-African financial services group Old Mutual, NEXT176, to roll out a financial wellness platform.

/payments

Advent to acquire Nuvei in $6.3bn deal

Canadian payments firm Nuvei is set to go private after agreeing an acquisition deal with a private equity firm.

/startups

Rakuten to merge fintech units

Japanese financial services conglomerate has announced plans to consolidate its various fintech divisions into a single unit.

/markets

SIX buys majority stake in fixed income data outfit FactEntry

SIX today announced that it has acquired a majority stake in FactEntry, a global provider of fixed income reference data, analytics, and solutions for financial market participants.

/sustainable

Paynetics buys 'impact' banking app Novus

Bulgarian embedded finance provider Paynetics is making an ESG play through the acquisition of UK 'impact neobank Novus. Financial terms were not disclosed.

/retail

Nationwide to acquire Virgin Money with extended Branch Promise

Nationwide Building Society has confirmed the offer of acquisition to Virgin Money UK, agreeing to the terms of a cash offer of £2.9 billion with Virgin Money’s Board.

/payments

Railsr proposes merger with Equals Group

Embedded Finance, Railsr's parent company, has approached Equals Group for a merger of the two companies, Sky News reports.

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Shift4 Payments unimpressed by suitor bids

Shift4 Payments' CEO is Jared Isaacman is said to be distinctly unimpressed by the valuations placed on the firm from potential acquirers.

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Nuvei in talks over private equity buy-out

Nasdaq-listed Canadian fintech Nuvei has confirmed that it is in talks over a potential going-private transaction.

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GoCardless to buy Nuapay from EML Payments

GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million.

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UK fintech Anna Money acquires Sydney-based GetCape

UK business and tax app ANNA Money today announced its strategic acquisition of Sydney-based fintech GetCape, a business spend management platform.