Billtrust grows European presence with Order2Cash acquisition
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
Mergers & Acquisitions/M&A
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
In an era of consolidation, will fintech retain its spirit of innovation?
The unprecedented level of consolidation in the market may stoke fears that innovation will be stifled.
Trulioo acquires HelloFlow to create “end-to-end identity platform”
HelloFlow is a no-code builder of client onboarding, monitoring, and digital workflow solutions.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
TripActions continues European push with Comtravo acquisition
TripActions says it has invested more than $400 million across the UK and Europe in less than a year.
Fiserv acquires rival core vendor Finxact for $650m
Finxact was set up in 2016 to bring a modern, cloud-based alternative to the US market.
Video: fintech news pick of the week – Diem, SAP & FTX
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Meta drops crypto project Diem due to regulatory roadblocks
The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.
Crypto paytech BCB Group acquires software firm LAB577, gains new CTO and COO
LAB577 founder Richard Crook and Farzad Pezeshkpour join BCB Group as COO and CTO, respectively.
Anti-fraud firm ClearSale acquires US tech start-up ChargebackOps for initial $3.6m
“Chargebacks are an enormous and growing problem for e-commerce merchants,” says ClearSale EVP.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Paystone snaps up merchant services provider Canadian Payment Services
Paystone CEO Tarique Al-Ansari says the deal will “provide additional value to CPS merchants”.
Video: fintech news pick of the week – UBS, Katana Labs and Walmart
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Aussie BNPL firm Zip confirms Sezzle takeover talks
The potential deal would follow a string of acquisitions by Zip over the past 18 months.
Walmart-backed Hazel snaps up fintech platforms Even and One in super app push
Walmart CEO says the app will allow users to “manage their money in one place”.
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
JP Morgan acquires 49% stake in European SME paytech Viva Wallet
JP Morgan says Viva Wallet is a “natural fit” for its payments business.
Financial crime fighter ACAMS acquired by PE firm Wendel for $500m
ACAMS has a global membership base of 90,000+ members in 175 countries.
Modifi acquires Seawise Capital’s trade finance and SaaS business in India
Modifi’s business in India has grown more than 2,100% over the past 18 months.
Zafin acquires fellow Canadian fintech Fincad
Together, Zafin and Fincad will become “one of Canada’s largest B2B fintech companies”.
Fifth Third snaps up green energy lendtech Dividend Finance
Dividend Finance offers financing solutions for renewable energy focused home improvement projects.
Open banking fintech Plaid acquires ID verification platform Cognito
The acquisition completes the customer onboarding experience, says Plaid CEO.
BlueVine sells its founding invoice factoring business to Canadian rival FundThrough
The acquisition fast tracks the FundThrough’s expansion efforts in the US market.
United Fintech acquires 25% stake in asset management platform Athena
The multi-stage acquisition deal is the company’s fourth acquisition in 14 months.
UK consumer lender Oplo acquired by challenger bank Tandem
Together, Tandem and Oplo will “create a fairer, greener digital bank”.
Brex hires Meta product head Karandeep Anand as CPO, lands $300m funding
Since its founding in 2017, Brex has raised a total of $1.2 billion.
Levenue acquires fellow Dutch financing platform Requr
Fintech says acquisition will make it the “go-to funding solution” for European subscription-based businesses.
Core banking solution provider Topaz acquires majority stake in Cobiscorp
The acquisition is set to expand the firm’s footprint across the Americas.
Consolidation of the BNPL industry: what does it mean?
With regulation on the horizon, the BNPL sector is seeing a number of cross-industry consolidations and partnerships.
2021: Top five mergers and acquisitions
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
Rocket Companies to acquire personal finance app Truebill for $1.275bn
Truebill claims 2.5 million members and has doubled its user base in the last year.
MoneyLion acquires embedded finance marketplace Even Financial for $440m
The acquision is expected to add $90m of revenue for MoneyLion.
Canada’s BMO acquires Bank of the West from BNP Paribas in $16.3bn deal
BMO describes the acquisition as the “natural next step” in its North American growth strategy.
Challenger banking player Monese makes its first acquisition
Monese has acquired Trezeo, a specialist financial services platform for the self-employed.
Private equity firm Thoma Bravo snaps up US fintech Bottomline in $2.6bn deal
The agreement will see Bottomline’s shareholders receive around $57 per share in cash.
Brazilian payments platform Ebanx acquires remittance start-up Remessa Online for $229m
The deal comes less than two months after the firm picked up B2B fintech Juno to drive expansion.
India’s Open buys neobanking start-up Finin in $10m deal
Open CEO Anish Achuthan says the acquisition will complement his firm’s BankingStack enterprise offering.
Video: fintech news pick of the week – NatWest, Tyme & Uni
Our top pick of news from the world of finance and tech in bitesize video format, every week.
US paytech Flywire enters UK education market with WPM acquisition
The acquisition will build on Flywire’s existing education payments business.
