Swiss fintech ZoodPay acquires Pakistan’s Tez Financial Services
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
Mergers & Acquisitions/M&A
BNPL giant Klarna to cut 10% of workforce amid “tumultuous year”
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
Solarisbank appoints new CIO, CTO dual leadership team as firm scales
Solarisbank says the close-knit dual leadership will “master the challenges of a growing tech organisation”.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
Experian buys majority stake in Brazilian fintech MOVA
Experian will buy a 51% stake in MOVA for $7.9 million.
Nets buys German POS specialist orderbird
Nets is part of European paytech conglomerate Nexi Group, which will own 100% of orderbird.
FinTech Futures: Top five stories of the week – 13 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Checkout.com snaps up French ID verification firm ubble
The deal is set to close later this year.
Pakistan’s Systems Limited to acquire National Data Consultant
The deal will also see Systems Limited acquire NdcTech’s subsidiaries in the UAE and Singapore.
Ebury acquires Bexs to expand its footprint in Brazil
With the acquisition, Ebury aims to expand its offerings in Brazil.
Thoma Bravo reportedly in takeover talks with Temenos
According to Bloomberg, Thoma Bravo has held initial takeover talks with the Swiss banking software provider.
Ohio’s KeyBank acquires Philly fintech firm GradFin
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
Yapily to acquire fellow open banking firm finAPI
The deal is subject to regulatory approvals and is expected to complete in H2 2022.
HCL snaps up Swiss wealth management firm Confinale
The deal will see HCL expand its footprint in the global wealth management market.
LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Dutch challenger Bunq becomes EU’s second largest neobank with Tricount acquisition
Tricount is a group expense management app that allows users to balance their expenses with friends.
Truist snaps up Gen Z-focused personal finance app Long Game
Under the deal, Long Game’s engineers, designers and business leaders will join Truist’s innovation team.
Banking Technology Magazine May 2022 issue out now
Cover story: THE NEED FOR SPEED – Getting money to those that need it, fast.
FinTech Futures: Top five stories of the week – 29 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Banking Circle acquires German A2A payments firm SEPAexpress
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
US paytech Choice brings on Nexa Equity as majority investor, acquires DPC
Nexa Equity aims to scale Choice through both “organic initiatives” and strategic acquisitions such as DPC.
Norway’s Signicat buys UK anti-fraud firm Sphonic
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
Singapore’s Nium to acquire alternative payments network Socash
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
Irish fintech Fenergo acquires AML transaction monitoring start-up Sentinels
The acquisition, for an undisclosed sum, is set to strengthen the firm’s client lifecycle management platform.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu
Robinhood says the deal forms part of its mission to “democratise finance”.
Brex acquires bookkeeping software firm Pry Financials for $90m
Pry CEO Andy Su says: “With Brex’s scale and reach, we can have a much bigger impact right away.”
PayU acquires Ding and invests in Treinta to boost presence in Latin America
PayU has invested more than $1 billion in fintech companies to date.
UK paytech MYPINPAD merges with Singapore’s SmartPesa
The new combined entity will operate under the MYPINPAD brand and will double its global footprint.
Ant Group snaps up majority stake in 2C2P to drive digital payments adoption
Ant Group will become a majority shareholder of 2C2P.
Bolt to acquire crypto API provider Wyre in push to “democratise commerce”
Bolt will integrate Wyre’s crypto stack, giving developers blockchain protocols to build financial products.
FinTech Futures: Top five stories of the week – 8 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Spanish payments firm PayRetailers scoops up two LatAm e-commerce platforms
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
FinAccel snaps up majority stake in Indonesia’s Bank Bisnis
The acquisition of Bank Bisnis will allow FinAccel to offer digital banking and larger loans to Indonesians.
Advent International acquires European paytech Mangopay, invests €75m
French banking group Crédit Mutuel Arkéa will remain a minority shareholder in the firm.
LSEG acquires digital ID verification data provider Global Data Consortium
GDC is a global provider of identity verification data to support clients with know your customer (KYC) requirements.
Oxbury Bank raises £31m in Series C funding, acquires core banking tech provider Naqoda
Oxbury Bank is a start-up bank in the UK focused on the agricultural sector.
Norway’s Signicat boosts management team with several new appointments
Signicat CEO says: “We now look forward to the next phase of our international expansion.”
