Ant Group snaps up majority stake in 2C2P to drive digital payments adoption
Ant Group will become a majority shareholder of 2C2P.
Mergers & Acquisitions/M&A
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.”
Banking Technology Magazine April 2022 issue out now
Cover story: WINDS OF CHANGE – Tackling the carbon cost of technology.
Money transfer app Azimo acquired by payroll and payments firm Papaya Global
The acquisition follows Papaya Global’s $250 million Series D funding round last September.
RBC set to acquire UK wealth management firm Brewin Dolphin in £1.6bn deal
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Charity donation app Toucan acquires fellow start-up DonatePal
DonatePal co-founder Zishan Sheikh will also join Toucan as a board advisor.
Goldman Sachs snaps up retirement robo-advisor NextCapital
The transaction is expected to be completed in the second half of 2022.
Medius snaps up US-based invoice payments specialist OnPay
The deal will see Medius open a new corporate office in Q2 2022 in Jacksonville, Florida.
Digital banking solutions provider Alkami buys data insight fintech Segmint for $135.5m
Alkami intends to integrate Segmint’s machine learning tech with its digital banking capabilities.
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.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Tech giant Apple snaps up UK open banking firm Credit Kudos
Credit Kudos leverages machine learning to provide lenders an alternative to traditional credit scores.
FinTech Futures: Top five stories of the week – 25 March 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Challenger bank Chetwood acquires core banking tech vendor Yobota
The two companies were founded alongside each other in 2016 but developed as separate entities.
B2B payment specialist PayTrace acquired by North American Bancard
The US’s sixth largest independent acquirer has snapped up the long-standing merchant gateway specialist.
London Stock Exchange Group sells BETA+ in $1.1bn deal
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
Planned VPC-led listing of Indonesia-based BNPL specialist Kredivo is scrapped
The companies have announced the mutual termination of a previously announced acquisition agreement.
Trading Technologies acquires start-up RCM-X
RCM-X is a technology provider of algorithmic execution strategies and quantitative trading products.
Irish fintech Global Shares sold to J.P. Morgan
Global Shares is 40% owned by Motive Partners, which bought the stake in 2018 for $25 million.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
Wolters Kluwer acquires International Document Services in $70m deal
IDS is expected to generate revenues worth approximately $15 million in 2022.
FX platform Currencies Direct receives £140m investment
The deal is expected to close by the end of Q1 2022.
Enterprise tech provider NCR buys open banking IP from UK fintech Spoke
NCR says the deal will accelerate its push into open and international digital banking.
PPRO acquires Alpha Fintech to become “global payments powerhouse”
The Alpha Fintech takeover will extend PPRO’s reach to Asia Pacific.
LHV Group set to acquire Estonian paytech EveryPay
LHV CEO says growing its payment services business has become an important part of the firm’s growth strategy.
Aussie BNPL firm Zip confirms Sezzle acquisition
The deal values Sezzle at approximately $360 million (AUD 491 million).
ICYMI fintech funding round-up: Anfin, Hubuc, Intix, Pluto, Upswing, & WALO
Our weekly fintech round-up for you to get the latest funding news.
Boku offloads ID verification division to focus on mobile payments
Boku CEO says the sale will allow the firm “to focus on developing our mobile payments solutions”.
Shift4 to acquire cross-border payments provider Finaro in $575m deal
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
Canada’s TD Bank snaps up First Horizon for $13.4bn in US expansion push
The combined entity will become a top six US bank, serving 10.7 million customers across 22 states.
Payment platform Cheddar acquires Upside in open banking move
Upside’s open banking product will be added to Cheddar’s free payment offering.
TripActions continues European expansion with third acquisition, Resia
Scandinavian travel management company Resia is TripActions’ third acquisition in Europe.
