Tagged: acquisition

Global Fintech Rapyd Announces Acquisition of Payment Card Service Provider Korta

Fintech

Rapyd, a global B2B Fintech as a Service provider, announced on Monday it is set to acquire Korta, an Iceland-based payment card service provider. Rapyd reported the acquisition provides Rapyd with online acquiring and point-of-sale (POS) capabilities as the company grows its worldwide footprint.  While… Read More

HIVE Blockchain Acquires 30 MW Cryptocurrency Operation in Canada For C$4 Million

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) recently announced it acquired 30 Megawatts (MW) Cryptocurrency, which is located in Canada, for C$4 million. 30 MW was purchased from Cryptologic. HIVE reportedly issued 15,000,000 common shares to Cryptologic, which are notably subject to a four-month lock-up agreement,… Read More

ShapeShift Announces Acquisition of Portis

ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, announced this week it has acquired Israel-based non-custodial software wallet, Portis. ShapeShift reported it integrated with Portis’ wallet SDK into the new ShapeShift platform this past November. ShapeShift revealed that prior to… Read More

US-based Fintech Blackhawk Network Acquires SVM, a Global Provider of Gift Cards for Oil Companies, Restaurants, Hotels

US-based Fintech firm Blackhawk Network, a global branded payments solution provider, has acquired all SVM divisions, which include SVM Cards, SVM Payments and SVM Global. Established in 1997, SVM is a multinational provider of various gift card packages for businesses. The firm’s clients reportedly include… Read More

SoFi Acquires Galileo Financial Technologies for $1.2 Billion

One of the largest Fintechs in the US, SoFi, has acquired Galileo Financial Technologies for $1.2 billion in both cash and stock, according to a company release. Galileo is a provider of a digital payments platform that is described as being “critical to checking and… Read More

Accenture Announces Acquisition of B2B Marketing Service Agency Yesler

Accenture (NYSE) announced on Thursday it has acquired Yesler, a B2B marketing service agency. This latest acquisition comes less than a month after Accenture acquired ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers, and Mudano, which is a… Read More

U.S. Fintech HouseCanary Announces Acquisition of Real Estate Technology Startup Dropmodel

HouseCanary, a U.S.-based fintech firm focused on providing a real estate analytics solution, announced on Thursday it has acquired real estate technology startup, Dropmodel. HouseCanary reported that this is the first acquisition since its secured $65 million through its Series C growth funding round. Founded… Read More

Global Identity Verification Solutions Provider Acuant Announces Acquisition of IdentityMind

Fintech

Acuant, an identity verification solutions provider, announced on Tuesday it has finalized the acquisition of its former strategic partner, IdentityMind, a SaaS RegTech platform that builds, maintains and analyzes digital identities worldwide. As previously reported, IdentityMind helps users win the fight against fraud, money laundering,… Read More

China Rapid Finance Submits Letter of Intent With SOS Health Rescue Services to Acquire Control of XRF

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced earlier this week that it has reached a non-binding letter of intent on investment and cooperation with SOS Health Rescue Services Ltd. According to China Rapid Finance, the duo may enter into… Read More

Fintech Xalles Holdings, which Uses Blockchain for Financial Reconciliation, to Acquire Tech Firm, MinervaWorks

Xalles, a Fintech holding firm that uses blockchain technology for payment auditing and financial reconciliation, has revealed that it has entered a share purchase agreement to acquire 100% of MinervaWorks, an Atlanta-based tech company. The transaction will be finalized on March 31, 2020. Following the… Read More

Brex Acquires Neji, Compose Labs, & Landria to Bolster Product

Fintech

U.S. fintech Brex announced on it has acquired three startups to help enhance Brex Security, e-commerce product, and infrastructure. The acquisitions come just weeks after Brex announced the opening of its new and first-ever international office in Vancouver. As previously reported, Brex is seeking to… Read More

Australian Telecom Firm ZipTel to Acquire Fintech Firm Douugh Ltd

Australia-based ZipTel Ltd (ASX: ZIP), a local telecommunications firm that provides international roaming and various calling solutions, has committed to a binding agreement to acquire all the outstanding shares of Douugh Ltd. Douugh Ltd is a Fintech company that aims to use artificial intelligence (AI)-enhanced… Read More

Global Fintech Solution Provider Fiserv Acquires Bypass Mobile, an Enterprise Point of Sale Systems Services Provider

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has revealed that it will be enhancing its omni-commerce capabilities with its acquisition of Bypass Mobile, an enterprise-grade point-of-sale (PoS) systems service provider. The financial terms of the transactions have not been shared… Read More

Accuity Acquires UK-based Fintech Apply Financial, which Offers Payment Processing and Validation Services

Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More

Accenture Announces Acquisition of German Embedded Software Company For Car Brands & Suppliers ESR Labs

Accenture (NYSE: ACN) recently announced the acquisition of ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers. This news comes just days after Accenture acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its… Read More

Banco Santander Acquires Majority Stake in Spanish Fintech Mercury TFS

Banco Santander, S.A. (BME:SAN) announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million. According to Banco Santander, the transaction… Read More

Nordic Payments Firm Nets to Acquire Polskie ePłatności (PeP), a Company that Offers Financial Services to SMEs

Nets, an established Nordic payments firm, has reportedly decided to acquire Polskie ePłatności (PeP) in a transaction that would value the Polish merchant acquirer at around €405 million (appr. $454.3 million). PeP’s business is focused on services that are typically required by small and medium-sized… Read More

Nasdaq Acquires Solovis, an Asset Management Firm, which Will Complement Exchange’s eVestment Analytics Platform

New York-based Nasdaq stock exchange has reportedly acquired Solovis, an asset management company. The acquisition by the world’s second-largest stock exchange by market cap will complement its 2017 purchase of eVestment, a buy-side analytics platform. There are more than 600 institutional clients that use the… Read More

Fiserv Announces Acquisition of MerchantPro Express

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Tuesday it has acquired MerchantPro Express, an Independent Sales Organization (ISO) that provides state-of-the-art processing services, advanced point-of-sale (POS) equipment and merchant cash advances to businesses across the U.S., as part of its… Read More

Financial Markets Data & Infrastructure Provider Refinitiv Announces Acquisition of Software as a Service Provider Scivantage

Fintech

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, recently announced it has acquired Software as a Service (SaaS) provider, Scivantage. Refinitiv reported that the acquisition of Scivantage represents the next step in its… Read More

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