Apple acquires payments firm Mobeewave in $100m deal
Apple buys start-up to turn iPhones into payment terminals.
Mergers & Acquisitions/M&A
LSE considers sale of Borsa Italiana to appease regulators
LSE exploring options to push through $27 billion acquisition.
UAE’s Network International to buy Nairobi fintech DPO Group
DPO is the largest online commerce platform operating across Africa.
Enova International acquires struggling lender OnDeck in $90m deal
OnDeck has suffered in the wake of the COVID-19 pandemic.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Paysafe acquires US payments firm Openbucks
Paysafe looks to grow its core offering across the US.
Brazilian challenger Nubank acquires firm behind Clojure and Datomic
Cognitect snapped up by Brazilian neobank.
Kenyan lender I&M to become majority owner of Uganda’s Orient Bank
Last year, Orient Bank reported a net loss equivalent to $284,374.
Tink continues acquisition play with credit decisioning platform Instantor
Instantor employees a team of 26.
What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
Web browser Opera to buy digital challenger Fjord Bank
In December 2019, the digital challenger landed a specialised bank licence.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
Paytm to buy insurance firm Raheja QBE for $76m
Raheja QBE has around 41,000 customers.
Lending Works acquired by Intriva Capital
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
Monte dei Paschi explores merger plan with Banco BPM
World’s oldest bank looking to bulk up its resources.
Société Générale to acquire French neobank Shine
The deal is thought be be around €100 million.
Mobile money gateway MFS Africa acquires Beyonic for SME play
The value of the acquisition has not been disclosed.
Italy’s Generali considers Brightsphere acquisition in US
The insurance giant is looking to expand its US footprint.
PictureWealth lands AUD 12m and seals acquisition
The company has acquired NEO Financial Solutions (NFS) for an undisclosed sum.
Mastercard set to acquire Finicity for $825m
This follows a similar acquisition of Plaid by rival Visa in January.
LSE-Refinitiv merger under competition spotlight from EC investigators
The European watchdog has concerns about the $27bn merger.
Intesa Sanpaolo pushes for UBI Banca acquisition
The verdict next month will reveal if the acquisition can go ahead.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
UK regulator probes Visa’s acquisition of Plaid
The UK’s CMA is looking into potential anti-competitive implications.
Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
Square buys up Spanish P2P payment app Verse
Verse will join forces with Square’s Cash App.
IBM returns to M&A market with cloud acquisition
The acquisition is IBM’s first since its $34bn buyout of Red Hat in 2018.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
Metro Bank in talks to acquire UK P2P lender RateSetter
RateSetter would be bought up at “a knockdown valuation”.
NICE Actimize agrees acquisition of Guardian Analytics
The acquisition is expected to close in Q4 2020.
PayTech Awards winners: where are they now? Emailage – Best E-Commerce Initiative
The pending takeover of Emailage by LexisNexis “kind of dominates the news”, says EMEA MD.
Euronext Corporate Services snaps up Finnish compliance firms
Ticker Software and Sidonnaisuusrekisteri.fi to sit under InsiderLog brand.
Western Union reportedly makes acquisition bid for MoneyGram
Two of America’s largest money transfer and remittance services could be joining forces.
Microgen and Touchstone rebrand merged business to TrustQuay
Since the November 2019 merger, the firm has signed a handful of new deals.
Postera Capital acquires sentiment analysis firm Augmento
Blockchain fund operator aims to be “pioneer” for crypto consulting.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners is taking control of more than 80% of the fintech.
Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist
Goldman Sachs, “weakening biz model” would “force a merger,” says Charles Gasparino at Fox Business.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
SS&C Technologies acquires Innovest Systems in $120m deal
The transaction is expected to close in Q2 2020.
