FinTech Futures: Top five news stories of the week – 20 December 2024
Our pick of the top fintech news stories this week includes FIS, Tyme Group, Affirm and more.
Mergers & Acquisitions/M&A
News, intelligence and resources on the global fintech industry including topics such as mergers & acquisitions/ M&A.
Canadian fintech Paystone acquires Ackroo for $21m
Based in Ontario, Paystone provides services for loyalty programmes, payment processing, and gift cards.
FIS reportedly set to acquire UK-based fintech Demica for around $300m
Sky News reports that an official announcement on the deal is expected in the coming days.
FinTech Futures: Top five news stories of the week – 13 December 2024
Our pick of the top fintech news stories this week includes Upbound, MoneyLion, Lunar and more.
US financial health fintech Brigit acquired by Upbound Group in deal worth up to $460m
Founders Zuben Mathews and Hamel Kothari will continue to lead the company as a “business segment” of Upbound.
Shift4 buys UK paytech Card Industry Professionals
The deal adds to Shift4’s growing list of acquisitions this year.
Banking Technology Magazine December 2024 / January 2025 issue out now
Cover story: STAR PEOPLE – Banking Tech Awards 2024 revisited.
Cybersecurity specialist Gen Digital acquires MoneyLion in $1bn deal
Gen says the acquisition is expected to close in the first half of its “fiscal year 2026”.
LexisNexis to acquire deepfake detector IDVerse for undisclosed sum
The transaction is set to close in early 2025, with IDVerse joining LexisNexis Risk Solutions Business Services.
Mexico’s Klar acquires assets of B2B payments and financing platform Tribal
The deal includes Tribal’s payment and financing solutions, business intelligence tools and risk models.
FinTech Futures: Top five news stories of the week – 6 December 2024
Our pick of the top fintech news stories this week includes Citi, Lumin Digital, TSB and more.
Corpay buys cross-border solutions provider GPS Capital Markets, unloads POS business to PDI Technologies
The deal to acquire GPS Capital Markets was first inked in June this year.
Uptiq.AI acquires financial data integration fintech UpSwot for undisclosed sum
Uptiq.AI will now integrate UpSwot’s financial data gateway into its AI Workbench, which launched last month.
Deel boosts European payments infrastructure with acquisition of Atlantic Money
The move follows Deel’s acquisition of South Africa-based payroll and HR company PaySpace back in March.
November 2024: Top five fintech M&A deals of the month
FinTech Futures takes a look back at five of the top fintech M&A deals in November.
November 2024: Top five new launch stories of the month
FinTech Futures takes a look back at five of the top new launch stories in November.
Video: Socure at Money20/20 USA 2024 – Powering ID verification and risk decisioning in financial services
Socure’s Johnny Ayers discusses the evolution of the digital ID verification landscape at Money20/20 USA 2024.
Manzil Wealth introduces new halal wealth management platform in Canada
Manzil Wealth has acquired Canadian Islamic Wealth to support its new platform’s debut.
Ally Financial reportedly considering sale of credit card business
Ally Financial first acquired the business, then known as Fair Square Financial, for $750 million in 2021.
Moody’s expands lending tech suite with acquisition of Numerated Growth Technologies
Moody’s has maintained a partnership with Numerated since January this year.
FinTech Futures: Top five news stories of the week – 22 November 2024
Our pick of the top fintech news stories this week includes Robinhood, CaixaBank, Nationwide and more.
Robinhood snaps up custodial and portfolio management platform TradePMR in $300m deal
The purchase, involving a blend of cash and stock, is set to close in H1 2025.
Celero Commerce snaps up Precision Payments for undisclosed sum
Celero expects its North American card processing volume to exceed $28 billion following the acquisition.
FinTech Futures: Top five news stories of the week – 15 November 2024
Our pick of the top fintech news stories this week includes Klarna, Ualá, Visa and more.
Cetera Financial Group use case: ensuring quality amid rapid expansion
Richelle Paulsen discusses the role of QA in supporting Cetera’s organic and M&A growth.
FinTech Futures: Top five news stories of the week – 8 November 2024
Our pick of the top fintech news stories this week includes Bank of New Zealand, Airwallex, Griffin and more.
B2B payments platform Melio secures $150m Series E funding round
The round values Melio at $2 billion, down from its previous $4 billion valuation in 2021.
iCapital looks to boost data management capabilities with AltExchange acquisition
AltExchange leverages AI to enhance data aggregation and reporting for financial advisors and asset managers.
FinTech Futures: Top five news stories of the week – 1 November 2024
Our pick of the top fintech news stories this week includes nCino, Citi, Moniepoint and more.
October 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in October.
PSP Services buys NCR Atleos’ transaction processing and card management business in Canada
PSP Services says it will incorporate the business into its HLX Unified Commerce Platform.
nCino acquires FullCircl in $135m deal
nCino previously partnered with FullCircl in 2023 to integrate its data capabilities.
October 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from October.
Kapitus snaps up Ten Oaks Commercial Capital, launches equipment financing arm
Kapitus serves as a direct lender and marketplace, providing over $6.5 billion to nearly 55,000 businesses.
First Carolina Bank snaps up BM Technologies for $67m
Following the deal, BMTX will retain its name and will be led by current president and CTO Jamie Donahue.
Western Union acquires Singtel’s mobile wallet Dash
Dash has accrued 1.4 million customers since launching 10 years ago.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Stripe reportedly in discussions to buy stablecoin infrastructure start-up Bridge in potential $1bn deal
Stripe confirmed plans to introduce stablecoin payments at the checkout in April.
FinTech Futures: Top five news stories of the week – 11 October 2024
Our pick of the top fintech news stories this week includes Monese, TSB Bank, Temenos and more.
