Tax automation fintech Avalara snapped up by Vista for $8.4bn
Vista Equity Partners will acquire all outstanding shares of Avalara for $93.50 per share.
Vista Equity Partners will acquire all outstanding shares of Avalara for $93.50 per share.
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
The Dozens app is set to close by the end of August.
The funding round was led by GIC, Singapore’s sovereign wealth fund.
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
The financing has been provided by American multinational Citi and French investment bank Natixis.
The firm is gearing up for the commercial launch of UNO Digital Bank in the Philippines.
Murphy brings more than 25 years’ worth of banking and capital markets experience to the role.
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
The new entity, set to be worth $480 million, will continue to be headed up by CEO Eliot Buchanan.
Marion King spent over seven years in her role at NatWest.
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The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
Ischenko will take over from founder Sergey Sedov, who will remain in the position of chairman of the board.
Mortgage applicants can now securely provide their bank statements online via open banking.
Geopagos says the round marks its first institutional financing.
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The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
The bank is moving its treasury activities to the cloud with Finastra’s Kondor solution.
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
The debt financing has been supplied by Atalaya Capital Management and existing investor Partners for Growth.
The Global Pay platform is currently available to US American Express small business card members.
Persistent’s “building block” approach will allow the challenger to add new SaaS components as required.
At Arvest, Ukkan will support its digital transformation by leading the new core banking technology initiative.
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
Global Payments will acquire EVO in an all-cash transaction for $34 per share, or $4 billion in enterprise value.
The micro and small business-focused bank is looking to scale across East Africa.
Firth joins from Mastercard, where he helped build out the firm’s open banking solutions.
BML’s ICBS core banking system will replace Sopra’s legacy solution at BDCD.
The funds will be used to support the growth of the company’s Digital Delivery Platform.
Appro is designed to reduce application times for a range of banking products from several hours to three minutes.
The new combined entity intends to deliver “financial empowerment and product innovation”.
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
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Carlyle Group and Advent International have both agreed to acquire up to a 10% stake in the bank.
The fresh capital takes the bank’s total funding to date up to $160 million.