Mergers and acquisitions

3196 articles tagged with this keyword

/wealth

SVB Financial to sell VC business, SVB Capital

SVB Financial Group has announced that its venture capital business, SVB Capital, will be sold to an entity affiliated with Pinegrove Capital Partners.

/identity

Permira to take majority stake in BioCatch

PE firm Permira is buying a majority position in BioCatch in a deal that values the Israeli behavioural biometrics company at $1.3 billion.

/payments

Paystand buys Teampay

Paystand, the global leader in blockchain-enabled B2B payments, today announced the acquisition of Teampay, an industry-leading spend management software.

/payments

Enigmatic Smile acquires Fidel API's loyalty business

Fidel API Holdings Limited (“Fidel Limited”), the holding company of Fidel API, a fintech transaction infrastructure platform, has completed an asset sale of its loyalty business to Enigmatic Smile (“ES”), a global reward technology facilitator.

/regulation

ComplyAdvantage buys Golden to boost financial crime intelligence

AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.

/wealth

Goldman Sachs offloads Marcus robo-advisor customers to Betterment

Goldman Sachs continues its retreat from consumer banking, striking a deal to sell its Marcus Invest digital investing accounts to Betterment.

/payments

Thunes to acquire Tilia from Linden Labs

To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform.

/payments

Klarna sells virtual shopping business Hero

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.

/payments

SRM buys Accourt Payments Specialists

SRM (Strategic Resource Management, Inc.), an independent advisory firm serving financial institutions across North America and Europe, has announced that, through its subsidiary SRM Europe, it has acquired Accourt Payments Specialists, a provider of payments consulting and other strategic services based in the United Kingdom.

/wealth

Konvi acquires Fractible and Diversified

Konvi, Europe’s leading luxury assets fractional investment platform, has acquired leading alternative investing platforms Diversified and Fractible, bolstering its global user base to 50,000 active users.

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

/wholesale

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.

/wholesale

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.