Lunar set to acquire Norwegian digital bank Instabank for €132m
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Founded in 2016, Instabank claims more than 60,000 customers in Norway, Finland and Germany.
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Credit Kudos leverages machine learning to provide lenders an alternative to traditional credit scores.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The two companies were founded alongside each other in 2016 but developed as separate entities.
The US’s sixth largest independent acquirer has snapped up the long-standing merchant gateway specialist.
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
The companies have announced the mutual termination of a previously announced acquisition agreement.
RCM-X is a technology provider of algorithmic execution strategies and quantitative trading products.
Global Shares is 40% owned by Motive Partners, which bought the stake in 2018 for $25 million.
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
IDS is expected to generate revenues worth approximately $15 million in 2022.
The deal is expected to close by the end of Q1 2022.
NCR says the deal will accelerate its push into open and international digital banking.
The Alpha Fintech takeover will extend PPRO’s reach to Asia Pacific.
LHV CEO says growing its payment services business has become an important part of the firm’s growth strategy.
The deal values Sezzle at approximately $360 million (AUD 491 million).
Our weekly fintech round-up for you to get the latest funding news.
Boku CEO says the sale will allow the firm “to focus on developing our mobile payments solutions”.
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
The combined entity will become a top six US bank, serving 10.7 million customers across 22 states.
Upside’s open banking product will be added to Cheddar’s free payment offering.
Scandinavian travel management company Resia is TripActions’ third acquisition in Europe.
Zurich-based Squirro has raised $4m in equity funding from capital investment firm BuildGroup.
Pipe claims to be “the creator of the world’s first trading platform for recurring revenues”.
Start-up Baton “has built a unique, innovative B2B invoice payments network”, TreviPay says.
Trustology will be rebranded as Bitpanda Custody, providing an institutional-grade crypto custody platform.
Founded in 2004, California-based TORA offers cloud-based trading technology solutions.
The deal forms part of M-DAQ’s growth strategy as it looks to expand into new international markets.
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
Denmark-based Ageras is “poised to become one of Europe’s next unicorns”, investors say.
Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
The transaction is expected to close in Q4 2022.
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
The unprecedented level of consolidation in the market may stoke fears that innovation will be stifled.
HelloFlow is a no-code builder of client onboarding, monitoring, and digital workflow solutions.
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
TripActions says it has invested more than $400 million across the UK and Europe in less than a year.
Finxact was set up in 2016 to bring a modern, cloud-based alternative to the US market.