Mexico’s Ziff acquires digital lending start-up Arrenda
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta.
Deel says it has also surpassed $500 million in annual recurring revenue since its inception in 2019.
Sundt succeeds Chris Staymates, who will return to his role as Stax’s chief innovation officer.
The merger between Webull and SK Growth Opportunities is due to close in H2 2024.
Barclays says it will use the proceeds of the sale to fund an extension of its US lending activities.
Vencora now owns 99.07% of Crealogix’s issued share capital and voting rights.
Be Mobile Africa’s CEO says the “sale of non-financial assets injects vital financial resources” into the firm.
Our pick of the top fintech news stories this week includes Capital One, Toast, Xalts and more.
The deal could be worth between $30 million and $50 million, according to media reports.
Contour previously announced in October 2023 that it was to wind down operations as a result of insufficient funding.
The lawsuits follow reports of disputes over Viva Wallet board nominations last month.
The transaction brings together two of the largest card issuers in the US.
The companies have not disclosed the amount paid for Wyre’s customer base.
The platform will enable Nigerian businesses to access loans and AI-powered transactional insights.
The acquisition will see LPL Financial take ownership of Atria’s seven broker-dealer subsidiaries.
The pair expect to close the all-cash transaction in April.
The appointments follow Trustly’s recent acquisitions of SlimPay and Ecospend.
Ripple has recently announced custody partnerships with HSBC, BBVA and Zodia Custody.
Zafin has partnerships with a number of global banks including Wells Fargo, HSBC, PNZ and ING.
The Chicago-based vendor expects to complete its acquisition of Ateo by 29 February.
Our pick of the top fintech news stories this week includes Worldline, Deutsche Bank, Barclays and more.
Barclays says it will “welcome approximately 2,800 Tesco colleagues” as part of the deal.
Juspay plans to enhance its offerings for the banking, financial services and insurance industries.
The deal joins Fat Zebra’s payments platform with Adatree’s CDR-compliant open data capabilities.
Reuters reports that the deal could potentially value Onfido at around $650 million.
Metamaze’s AI-powered tech is capable of automating data extraction from a range of document types.
The value of the Venue acquisition has not been disclosed.
Cover story: PLANT LIFE – Talking flora and quantum computing.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The holding companies currently control Bank of Southern California and California Bank of Commerce.
The acquisition, which will combine both parties’ rewards platforms, is expected to close later this year.
The platform’s search is currently focused on companies with EMI/PI licences and revenues of up to $5 million.
The acquisition will see GFT take on all of Sophos’ partners and 1,700 of its employees.
Les Echos reports the bank is approaching potential buyers for Shine four years after acquiring the company.
Our pick of the top fintech news stories this week includes Abrdn, Kashable, Synchrony and more.
The fintech’s takeover of Abaka comes only four months after it also acquired US CUSO Connect FSS.
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
The deal will see the fintech take ownership of Nest Wealth’s digital wealth solutions and client portfolio.
WCAS will also commit $200 million to fuel the future growth of EquiLend.
Our pick of the top fintech news stories this week includes Citi, Sainsbury’s Bank and more.