What the Fintech? | S.2 Episode 7 | Class is in session
Tania Ziegler, senior research associate at Cambridge, joins us on this latest episode.
Mergers & Acquisitions/M&A
Indonesian fintech Alami acquires rural bank in $10m deal
Alami is helping the bank keep up with capital requirements.
Core banking provider Technisys buys AI chatbot operator Kona
Technisys has acquired some 60 bank customers to date.
Sontiq acquires Breach Clarity to deploy analysis tech
BreachIQ to be integrated with Sontiq’s existing product suite.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
Aion Bank acquires robo-advisor ETFmatic
London-based robo-advisor ETFmatic has been Aion Bank’s partner for a year.
Xero makes second acquisition in eight months with Planday
Xero plans on closing its latest acquisition in March 2022.
Square buys majority stake in Tidal for $297m as Jay Z joins board
Tidal is the latest in a few sales Jay Z has made in recent weeks.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
Orange seeks buyer for loss-making banking unit
Orange’s banking ops in trouble despite an income of €79 million last year.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
Alpha Bank finalises €10.8bn loan portfolio sale
US fund Davidson Kempner takes on largest portfolio sale of its kind in Greece.
Indian challenger Open buys Optobizz, banks another 800,000 SMEs
By the end of this year, Open wants to turn 1.8m into 5m customers.
HSBC France sale to land this month, AnaCap goes back up against Cerberus
The French unit moved to the shelf back in September 2019.
MoneyLion set to go public via $2.9bn Spac deal
The fintech anticipates year-over-year growth of around 88%.
Raiffeisen Bank to buy Czech Republic’s consumer lender Equa bank
In 2020, Equa bank’s consolidated net profit fell by 55% to $8.5 million.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
Equifax acquires AccountScore to boost open banking capabilities
Equifax wants higher rates of automation and verification.
HPS acquires Mauritius payments processor ICPS
HPS nabs the full stake in ICPS from former partner MCB.
BBVA sells Holvi business lender, invests $150m in VC fund
Spanish banking giant ditches Finnish business bank, sells back to founder
NCR acquires digital onboarding start-up Terafina
Terafina marks NCR’s third acquisition this year.
Tandem Bank acquires £100m mortgage book from Bank and Clients
Private bank’s customers won’t notice the transition, claims challenger.
Bottomline Technologies acquires TreasuryXpress
The US firm is expanding its treasury tools for corporates.
SumUp acquires Lithuanian core banking firm Paysolut
SumUp continues its acquisitive spree, buying its fourth firm since 2018.
86 400 becomes second challenger to exit Australia with $169m NAB merger
Upon its acquisition, NAB says 86 400 has some 85,000 customers.
DNA Payments Group acquires Active Merchant Services
The deal brings DNA’s customer base up to around 30,000 merchants.
What the Fintech? | S.2 Episode 1 | Innovation in commercial lending
Innovation in commercial lending with special guest, Dean Snyder, EVP at AFS.
Konsentus acquires Open Banking Europe initiative from EBA Clearing subsidiary
Open Banking Europe (OBE) will remain a separate operating entity.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
Starling renews search for non-bank European lender
Starling is seeing the benefits of fully utilising its UK banking licence.
DXC sells Fixnetix trading system to Options Technology
Options looks to expand its product suite.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
PAYMYNT Financial buys crypto e-wallet LettucePay
LettucePay operates on top of Stellar Network, an open source blockchain platform.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
Nets acquires Checkout Finland through Paytrail subsidiary
Nets happy to continue a wave of consolidation across European payments.
AvidXchange acquires TimberScan provider Core Associates
Firm now claims to be largest account payable firm in the construction sector.
UK challenger Cashplus buys icount’s current account portfolio
“I remember acquiring our first cardholder,” says icount founder.
