FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Mergers & Acquisitions/M&A
Flyp taps Galileo to power its mobile banking platform
Galileo’s solution will serve as the backbone for Flyp’s “gamified” BaaS platform.
Data platform SAS acquires financial risk management firm Kamakura
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Marygold acquires Tiger Financial & Asset Management for UK expansion
Tiger’s core business is managing clients’ financial wealth across a range of products.
US fintech Glia acquires chatbot platform Finn AI
With the acquisition, Glia aims to make virtual assistants “mainstream” for financial services companies.
Blockchain paytech Roxe to go public via SPAC merger in $3.6bn deal
Roxe will merge with Goldenstone Acquisition and become a publicly traded company on Nasdaq.
Canada’s VersaBank acquires a Minnesota-based bank to fuel US growth
Upon closing, the bank will be renamed VersaBank USA National Association.
US proptech HomeLight acquires Accept, raises $115m at $1.7bn valuation
The acquisition of Accept will make HomeLight the largest agent-focused cash offer programme in the country.
Paytech PPRO hires Rahul Raswant as new chief financial officer
Raswant has held roles at Standard Chartered Bank and consultancy McKinsey.
Fleetcor to acquire cross-border paytech Global Reach
Fleetcor has signed a definitive agreement to acquire UK-based Global Reach Group.
Money 20/20 Europe: Mastercard’s open banking guru on payments and data
Jim Wadsworth discusses working with fintechs, open banking, becoming a paytech and safeguarding data.
Credit unions comms platform Eltropy acquires video banking tech firm POPi/o
Together, Eltropy and POPi/o serve more than 400 credit unions in the US.
US-based paytech GTP acquired by MFS Africa
Following a $100m funding round last year, MFS Africa acquires US-based paytech GTP.
Banking Technology Magazine June 2022 issue out now
Cover story: THE WORLD BEYOND – Connecting through the metaverse.
iCapital expands its platform with Simon Markets acquisition
The deal is expected to close in the second half of 2022 pending regulatory approvals.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
BNPL giant Klarna to cut 10% of workforce amid “tumultuous year”
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
FinTech Futures: Top five stories of the week – 13 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Thoma Bravo reportedly in takeover talks with Temenos
According to Bloomberg, Thoma Bravo has held initial takeover talks with the Swiss banking software provider.
Ohio’s KeyBank acquires Philly fintech firm GradFin
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Truist snaps up Gen Z-focused personal finance app Long Game
Under the deal, Long Game’s engineers, designers and business leaders will join Truist’s innovation team.
Banking Technology Magazine May 2022 issue out now
Cover story: THE NEED FOR SPEED – Getting money to those that need it, fast.
FinTech Futures: Top five stories of the week – 29 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US paytech Choice brings on Nexa Equity as majority investor, acquires DPC
Nexa Equity aims to scale Choice through both “organic initiatives” and strategic acquisitions such as DPC.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu
Robinhood says the deal forms part of its mission to “democratise finance”.
Brex acquires bookkeeping software firm Pry Financials for $90m
Pry CEO Andy Su says: “With Brex’s scale and reach, we can have a much bigger impact right away.”
Bolt to acquire crypto API provider Wyre in push to “democratise commerce”
Bolt will integrate Wyre’s crypto stack, giving developers blockchain protocols to build financial products.
FinTech Futures: Top five stories of the week – 8 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
LSEG acquires digital ID verification data provider Global Data Consortium
GDC is a global provider of identity verification data to support clients with know your customer (KYC) requirements.
Norway’s Signicat boosts management team with several new appointments
Signicat CEO says: “We now look forward to the next phase of our international expansion.”
Banking Technology Magazine April 2022 issue out now
Cover story: WINDS OF CHANGE – Tackling the carbon cost of technology.
Money transfer app Azimo acquired by payroll and payments firm Papaya Global
The acquisition follows Papaya Global’s $250 million Series D funding round last September.
RBC set to acquire UK wealth management firm Brewin Dolphin in £1.6bn deal
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Goldman Sachs snaps up retirement robo-advisor NextCapital
The transaction is expected to be completed in the second half of 2022.
Medius snaps up US-based invoice payments specialist OnPay
The deal will see Medius open a new corporate office in Q2 2022 in Jacksonville, Florida.
