FinTech Futures: Top five news stories of the week – 28 June 2024
Our pick of the top fintech news stories this week includes Klarna, iBusiness Funding, Norm Ai, Nubank and more.
Our pick of the top fintech news stories this week includes Klarna, iBusiness Funding, Norm Ai, Nubank and more.
FinTech Futures takes a look back at five of the top M&A deals in June.
FinTech Futures takes a look back at five of the top AI stories from June.
Nubank plans to harness Hyperplane’s AI expertise to enhance its core machine learning capabilities.
Funding Circle first announced the planned sale in March and expects to close the transaction this month.
The deal is reportedly valued at around $515 million.
Global Payments has reportedly been eyeing up the purchase since February.
Our pick of the top fintech news stories this week includes Sainsbury’s, Viva Wallet, Laybuy and more.
The deal includes the retailer’s personal loan, credit card and retail deposit portfolios.
Société Générale has been looking for a buyer for Shine since January.
The acquisition follows Abacus’ GoVanguard purchase last year.
The outcome “could allow Viva to be sold soon”, according to JP Morgan.
Shift4 plans to buy “additional ownership of Vectron” through a public tender offer.
Our pick of the top fintech news stories this week includes Starling Bank, Mastercard, Bink and more.
The cash and stock deal was completed earlier this month.
Clearshift is to continue managing the division’s payment and compliance functions.
Vertex claims the deal will enhance its “AI innovation strategy”.
The Copenhagen-based start-up claims to have experienced revenue growth of 53% in 2023.
AlphaSense has raised $650 million in conjunction with its latest purchase.
Finseta initially acquired the subsidiary in 2022 for £586,000, with a maximum total consideration of £3 million.
Our pick of the top fintech news stories this week includes Visa, Monzo, JP Morgan Payments, Funding Circle and more.
Robinhood set to leverage Bitstamp’s 50+ global licenses to fuel its planned expansion.
The deal also includes additional earn-out sums tied to performance goals.
CBC Bancorp will purchase Bay Community Bancorp in an all-cash deal valued at $14 per common share.
Our pick of the top fintech news stories this week includes HSBC, XYB, ABN Amro and more.
Richard Heis and Edward Boyle of Interpath Advisory were appointed as joint administrators on 28 May.
Adams will succeed Bob Santella following his six-year tenure in the role.
FinTech Futures takes a look back at five of the top M&A deals in May.
Other members of the investment group include PiggyVest, Ventures Platform and P1 Ventures.
The deal will see CR2’s BankWorld platform combined with HPS’ PowerCard suite.
The deal is expected to close in Q1 2025 pending regulatory approvals.
PayRetailers recently received its Brazilian payment institution (PI) licence last month.
The deal marks FE fundinfo’s seventh acquisition in three years.
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
Fabrick is to leverage its latest purchase to expand its presence into the DACH region.
EFG Hermes has also signed an MoU with Kenzi to enhance its EFG Hermes One trading platform.
Fideuram first made a $20 million investment in Alpian back in 2022.
Chetwood states that the purchase will complement its forthcoming ModaMortgages proposition.
Neuflize Vie was founded in 1990 as part of a joint venture between AXA and ABN Amro.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.