Robinhood snaps up custodial and portfolio management platform TradePMR in $300m deal
The purchase, involving a blend of cash and stock, is set to close in H1 2025.
Mergers & Acquisitions/M&A
News, intelligence and resources on the global fintech industry including topics such as mergers & acquisitions/ M&A.
Modulr buys AP automation platform Nook, plans to launch Modulr AP solution in early 2025
Modulr AP, powered by Nook, is described as an “end-to-end solution for invoice management and AP automation”.
French asset manager Amundi buys wealthtech Aixigo for €149m
Aixigo’s API-based wealth management platform and 150 team members will join Amundi Technology.
Celero Commerce snaps up Precision Payments for undisclosed sum
Celero expects its North American card processing volume to exceed $28 billion following the acquisition.
Crypto.com buys Australian brokerage service and trading company Fintek Securities
Crypto.com also recently acquired Watchdog Capital to offer equities and equity options for traders in the US.
FinTech Futures: Top five news stories of the week – 15 November 2024
Our pick of the top fintech news stories this week includes Klarna, Ualá, Visa and more.
Cetera Financial Group use case: ensuring quality amid rapid expansion
Richelle Paulsen discusses the role of QA in supporting Cetera’s organic and M&A growth.
SIX Group agrees £194m deal to acquire UK’s Aquis Exchange
The deal will see each Aquis shareholder receive 727 pence in cash per share.
Solaris sells Engage business to UK fintech Suits Me
Suits Me’s CEO says the migration of Engage customers has “already started and will be finished mid-January 2025”.
FinTech Futures: Top five news stories of the week – 8 November 2024
Our pick of the top fintech news stories this week includes Bank of New Zealand, Airwallex, Griffin and more.
UniCredit completes acquisition of 90.1% stake in Alpha Bank Romania
UniCredit says it will now commence a “gradual integration” of Alpha Bank Romania into UniCredit Group.
Bumper enhances dealer partner insights with acquisition of AutoBI
The deal comes after Bumper raised a $48 million Series B in January.
FE fundinfo snaps up Matterhorn Reporting Services to boost AIFMD reporting capabilities
The deal is FE fundinfo’s third acquisition this year.
BNZ acquires open banking fintech BlinkPay
BlinkPay’s co-founder and CPO Adrian Smith is set to become the firm’s new CEO.
B2B payments platform Melio secures $150m Series E funding round
The round values Melio at $2 billion, down from its previous $4 billion valuation in 2021.
iCapital looks to boost data management capabilities with AltExchange acquisition
AltExchange leverages AI to enhance data aggregation and reporting for financial advisors and asset managers.
FinTech Futures: Top five news stories of the week – 1 November 2024
Our pick of the top fintech news stories this week includes nCino, Citi, Moniepoint and more.
October 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in October.
PSP Services buys NCR Atleos’ transaction processing and card management business in Canada
PSP Services says it will incorporate the business into its HLX Unified Commerce Platform.
nCino acquires FullCircl in $135m deal
nCino previously partnered with FullCircl in 2023 to integrate its data capabilities.
October 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from October.
Kapitus snaps up Ten Oaks Commercial Capital, launches equipment financing arm
Kapitus serves as a direct lender and marketplace, providing over $6.5 billion to nearly 55,000 businesses.
First Carolina Bank snaps up BM Technologies for $67m
Following the deal, BMTX will retain its name and will be led by current president and CTO Jamie Donahue.
Western Union acquires Singtel’s mobile wallet Dash
Dash has accrued 1.4 million customers since launching 10 years ago.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
MDXT acquires UK data management start-up Schematiq
Schematiq’s tech allows EUC models to be controlled, governed, tested and shared through APIs.
American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Tide acquires SME payroll fintech Onfolk
Onfolk will be integrated into the Tide app as ‘Tide Payroll’.
Pockit bolsters Monese acquisition with new board appointments
The fintech previously acquired mobile banking services provider Monese earlier this month.
Mitsubishi acquires 50% of Ayala’s stake in Mynt for $320m
Mitsubishi is set to snap up half of Ayala’s 13% share in Mynt.
Nigeria’s OmniRetail acquires SME payments platform Traction Apps
OmniRetail is a start-up aiming to digitise traditional e-commerce through its suite of software products.
UK fintech infrastructure platform Manigo snapped up by Invex Ventures
The acquisition comes after Manigo entered administration last month.
Stripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential $1bn deal
Stripe confirmed plans to introduce stablecoin payments at the checkout in April.
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna says it will still own “all consumer-facing activities, including underwriting and servicing”.
FinTech Futures: Top five news stories of the week – 11 October 2024
Our pick of the top fintech news stories this week includes Monese, TSB Bank, Temenos and more.
ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Aleph acquires majority stake in Argentinian PSP Localpayment
Rebranded as Localpayment by Aleph, the PSP is to launch in Africa, the Middle East and Asia.
Banked buys open banking paytech Waave to drive Pay by Bank solution in Australia
Banked has secured a partnership with Aussie pharmacy giant Chemist Warehouse through the acquisition.
Multitude Bank secures €15m majority shareholding in Norwegian digital challenger Lea Bank
The bank’s shareholding is expected to increase to 18.6% if approved by regulators.
UK challenger Monese to be acquired by fellow fintech Pockit
Pockit is to invest £15 million into Monese to support the “integration and future growth of the business”.
