Mergers and acquisitions

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/Mergers and acquisitions

Cognizant acquires MeritSoft

Cognizant (Nasdaq: CTSH) today announced it has acquired Meritsoft, a privately-held financial software company based in Dublin, Ireland. Meritsoft is best known for its FINBOS platform for post-trade processing, an intelligent automation solution for managing taxes, fees, commissions, and cash flow functions between financial institutions.

/payments

Fleetcor to buy AP automation firm Nvoicepay

Commercial payments outfit Fleetcor Technologies has struck a deal to buy accounts payable automation specialist Nvoicepay. Financial terms were not disclosed.

/startups

Wave buys SME biz account and card provider Every

Wave, a Toronto-based startup offering products and services to small businesses, has acquired Every, which provides business accounts and debit cards to SMEs. Financial terms were not disclosed.

/Mergers and acquisitions

German startups figo and finreach to merge

German banking-as-a-service supplier finreach and banking API compatriot figo are to merge their operations to create a one-size fits all suite of products for companies entering the financial services space.

/Mergers and acquisitions

Circle closes SeedInvest acquisition

Last October, we announced a definitive agreement to acquire SeedInvest, the leading equity crowdfunding platform in the United States and operator of a registered broker-dealer.

/Mergers and acquisitions

Nasdaq sweetens bid for Oslo Bourse

Nasdaq has raised its offer price for Oslo Bourse to $789 million, matching a rival bid from Euronext.

/security

Thales and Gemalto reach agreement with US antitrust aithorities on GP HSM divestment

As announced by the United States Department of Justice (“DoJ”), Thales and Gemalto confirm today that they have reached an agreement with the Antitrust Division of the DoJ that will allow the companies to proceed with the Offer.

/Mergers and acquisitions

ACI Worldwide acquires bill payment firm Speedpay for $750 million

ACI Worldwide has acquired Western Union's US bill pay business Speedpay for $750 million in an all-cash transaction.

/payments

QRails acquires electronic healthcare and insurance provider Rete+Pay

QRails, Inc., a financial technology company offering a sophisticated payments platform with integrated processing and program management services, today announced that it has completed the purchase of Rete+Pay, a provider of integrated electronic healthcare and insurance payments solutions.

/regulation

Experian abandons proposed takeover of ClearScore

Experian has canned its proposed £275 million acquisition of rival credit referencing firm ClearScore in the wake of resistance to the deal from competition regulators.

/payments

Heidelpay continues on acquisition trail with Alpha-Cash takeover

Germanic payments service provider heidelpay has acquired point-of-sale terminal supplier Alpha-Cash, its sixth acquisition since private equity firm AnaCap bought a controlling stake in the firm in 2017.

/Mergers and acquisitions

ASX offloads 18.6% stake in Iress

The Australian Securities Exchange (ASX) is selling its 18.6% stake in trading technology vendor Iress for approximately A$385 million.

/security

Entrust Datacard buys nCipher Security from Thales

Entrust Datacard, a leading provider of trusted identity and secure issuance technology solutions, today announced that the company has signed a definitive agreement to acquire Thales’s market-leading General Purpose Hardware Security Module (GP HSM) business, nCipher Security, which has been operating as a separate stand-alone business within Thales since January 2019.

/Mergers and acquisitions

HKEX to buy majority stake in Shenzhen-based fintech firm

Hong Kong Exchanges and Clearing (HKEX) has agreed to acquire a 51% stake in a Shenzhen-based financial markets technology firm. Financial terms of the deal were not disclosed.

/Mergers and acquisitions

Coinbase buys blockchain intelligence platform Neutrino

Today we’re announcing that Coinbase has acquired Neutrino, a blockchain intelligence platform.

/Mergers and acquisitions

Singapore Life acquires teen pre-paid card business from Yolopay

Singapore’s leading fintech company and life insurer is stepping into the prepaid card space with the recent purchase of Canvas from local payments platform Yolopay.

/startups

Factris merges with Lithuanian fintech Debifo

Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian Fintech company Debifo.

/startups

Global fintech investment rockets to a record $111.8B in 2018, driven by mega deals

Global fintech funding rose to $111.8B* in 2018, up 120 percent from $50.8B in 2017, fueled by mega M&A and buyout deals, according to the KPMG Pulse of Fintech report.

/payments

Ant Financial seals WorldFirst takeover

Ant Financial has confirmed its agreement to acquire UK-based currency transfer operator WorldFirst.

/payments

SumUp acquires Shoplo

SumUp, the London-based financial technology company that allows small businesses to receive payments in a cost-effective way, quickly and simply, has announced its acquisition of multichannel eCommerce platform, Shoplo.