Mergers and acquisitions

1462 articles tagged with this keyword

/wholesale

FIS set to buy Demica

UK supply chain finance platform Demica is about to be swallowed up by US financial technology provider FIS Global, according to Sky News.

/retail

Railsr and Equals Group set for £283m merger

The long-trailed merger of embedded banking platform Railsr and payments firm Equals Group is set to go ahead through a £283 million takeover deal.

/security

Gen Digital to buy MoneyLion for $1bn

Mobile banking firm MoneyLion has agreed to be acquired by tech group Gen Digital in a $1 billion cash deal.

/payments

Mambu acquires French payments player Numeral

Cloud-based core banking vendor Mambu has acquired Paris-based banking aggregation and payment automation platform Numeral.

/payments

Deel acquires Wise competitor Atlantic Money

Digital payroll vendor Deel has acquired Atlantic Money, a UK fintech startup set up to compete against money transfer giant Wise.

/wealth

MUFG to buy robo-advisor for $664m

Mitsubishi UFJ Financial Group (MUFG) says it will pay $664 million to take 100% ownership of robo-advisor WealthNavi.

/regulation

Co-operative Bank taken over by Coventry Building Society

Coventry Building Society’s £780 million takeover of the Co-operative Bank has been given regulatory approval.

/wealth

Robinhood makes wealth management push through $300m TradeMPR deal

Trading app Robinhood has agreed a $300 million cash and stock deal to buy custodial and portfolio management platform TradePMR.

/payments

Barclays Bank in talks over giving away 80% stake in merchant acquiring business

Barclays Bank is understood to be in discussions with Brookfield Asset Management about giving up 80% of its merchant acquiring arm.

/markets

SIX Group agrees to buy Aquis Exchange

Swiss exchange operator SIX Group has agreed to buy UK-based challenger exchange and data provider Aquis for an enterprise value of £194 million.

/retail

Solaris offloads Engage business in the UK to Suits Me

German Banking-as-a-Service company Solaris has sold its Engage business from Contis to UK alternative banking provider Suits Me.

/payments

BNZ acquires open banking fintech BlinkPay

Bank of New Zealand has acquired Māori open banking fintech BlinkPay.

/retail

Barclays completes Tesco Bank acquisition

Barclays has completed the £600 million acquisition of Tesco Bank’s retail banking business.

/regulation

NCino to buy FullCircl for $135m

Banking technology vendor nCino has struck a definitive agreement to acquire UK-based SaaS regtech platform FullCircl for $135 million in cash.

/payments

Tide acquires payroll provider Onfolk

Business finance platform Tide has acquired UK payroll provider for SMEs Onfolk. Terms of the deal have not been disclosed.

/payments

Banked buys Australian A2A payments outfit Waave

London-based account-to-account payments provider Banked has gained a foothold in the Australian market through the acquisition of local player Waave. Financial terms were not disclosed.

/retail

Pockit to buy Monese

Pockit, a UK fintech that provides financial services to low-income and underserved customers, has agreed terms to acquire struggling mobile banking outfit Monese.

/payments

Mastercard agrees to buy subscription management startup Minna

Mastercard has struck a deal to acquire Swedish subscription management specialist Minna Technologies. Financial terms were not disclosed.

/ai

Visa to buy UK fraud fighting tech provider Featurespace

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

/payments

India's PayMate agrees $400m DigiAsia deal for Indonesian play

Indian business-to-business payments firm PayMate is plotting a move into Indonesian through the $400 million acquisition of a DigiAsia subsidiary.