LSEG looks to boost post trade offering with Acadia acquisition
The deal is the latest in a string of acquisitions for LSEG this year.
Mergers & Acquisitions/M&A
FinTech Futures: Top five stories of the week – 16 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
United Fintech snaps up FX risk and data services firm Cobalt
Cobalt is United Fintech’s fifth acquisition since launching in 2020.
Paytechs NMI and Shift4 make acquisitions to boost offerings
NMI has acquired Agreement Express’ payments solutions while Shift4 has bought Online Payments Group.
Euroclear to buy private markets fintech Goji
With the acquisition, Euroclear plans on expanding its footprint into private markets.
Westpac ends talks with Tyro Payments over potential acquisition
Westpac says purchasing Tyro “is not in the best interests of Westpac shareholders at this time”.
Bitcoin Group to buy Germany’s Bankhaus von der Heydt
The deal is expected to close in Q3 2023.
MICT completes acquisition of African agri-fintech firm Tingo
MICT owns “100% of the operating business and assets” of Tingo after snapping up Tingo Mobile.
Circle scraps proposed SPAC deal with Concord
Termination of the merger was approved by the board of directors of both Concord and Circle.
Thoma Bravo to acquire Coupa Software for $8bn
Coupa says the deal is expected to close in the first half of 2023.
Microsoft buys 4% stake in LSEG, pair to develop data analytics solutions
LSEG has also committed to a $2.8bn cloud-related spend with Microsoft over the life of the 10-year agreement.
Moneyfarm set to buy digital pension adviser Profile Pensions
The deal, which is subject to regulatory approvals, is expected to close in H1 2023.
US paytech Cantaloupe buys Three Square Market for $41m
The acquisition was funded with 90% cash and 10% stock.
TreviPay to acquire fellow US paytech Apruve for undisclosed sum
With the acquisition, TreviPay plans to expand its B2B payments network.
Challenger bank Tonik acquires paytech firm TendoPay
Through the acquisition, Tonik aims to augment its lending portfolio.
Embedded finance fintech Arex sells Finnish arm to Svea Bank
Svea Bank says the acquisition will “strengthen” its position as a corporate financier.
Intuit snaps up credit building start-up SeedFi
The deal will see SeedFi become part of Intuit’s Credit Karma business.
HSBC to sell its Canada business to Royal Bank of Canada for $10bn
The transaction is expected to complete in late 2023.
India’s Cred set to acquire SaaS start-up CreditVidya
Following the acquisition, Cred and CreditVidya will continue to operate independently.
Mangopay acquires fraud detection and prevention firm Nethone
Mangopay intends to develop and offer anti-fraud solutions designed specifically for marketplaces.
Tide to acquire SME finance marketplace Funding Options
The deal will see Tide’s 475,000 SME customers gain access to more credit options.
Equals Group to acquire open banking payments platform Roqqett in £2.25m deal
Equals will pick up Roqqett’s AISP and PISP licenses through the acquisition.
Danish financial edtech Female Invest buys trading platform Gaia
Gaia Investments is a trading platform with a focus on sustainable and ethical investing.
BVNK acquires fellow paytech System Pay Services
SPS is registered as an electronic money institution in the UK.
Quantifeed to acquire fellow wealthtech Alpima
Together, Quantifeed and Alpima will create “a world-class technology platform”.
ADDX sells stake in digital asset platform CYBAVO to fintech Circle
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
Regnology acquires Belgian regtech b.fine
Regnology CEO says they were attracted to the “strong synergies” between the two companies’ offerings.
Japanese paytech unicorn Opn acquires US firm MerchantE
Both firms will share technology and best practices, as well as jointly develop new products and services.
Climate First Bancorp acquires ESG data platform Ecountabl
Ecountabl indexes data on more than 10,000 companies, analysing their ESG performance.
Tax software firm SurePrep snapped up by Thomson Reuters for $500m
SurePrep is expected to generate approximately $60 million of revenue in 2022.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK embedded finance firm Railsr reportedly considering sale
According to Sky News, Railsr is discussing a number of strategic options with FT Partners.
Binance nixes mooted FTX acquisition deal
In a tweet, Binance says “we have decided that we will not pursue the potential acquisition of FTX.com”.
MeridianLink acquires mortgage software solutions provider OpenClose
MeridianLink says the deal will enable their customers “to deliver fast, frictionless mortgage lending experiences”.
Binance signals intent to acquire rival crypto exchange FTX
FTX’s CEO wrote on Twitter that a “strategic transaction” has been hashed out with Binance, pending due diligence.
SME financial services provider Finom buys cross-border paytech Kapaga
The merger will boost Finom’s UK and European expansion plans.
Ampla Technologies acquires B2B BNPL firm Upside Financing
Ampla says the acquisition will open up a B2B BNPL market that is worth an estimated $1 trillion.
Worldline to buy Banco Desio’s merchant acquiring activities for €100m
With the partnership, Worldline aims to leverage Banco Desio’s network to expand its presence in Italy.
US real estate platform Prevu buys mortgage tech from shuttered Reali
With the acquisition, Prevu aims to expand its digital buying platform to include mortgage services.
TIAA agrees to sell its banking arm to suite of investors
The firm says the move will allow it to “refocus” on its retirement business.
