Latest Mergers and acquisitions News: Finextra Research

Company update/identity

TMT Analysis acquires Phronesis Technologies

TMT Analysis (TMT), a leading mobile number and device intelligence company has acquired UK based Phronesis Technologies Ltd.

17 July 2023

Company update/payments

UKG acquires payroll provider Immedis

UKG, a leading provider of HR, payroll, and workforce management solutions for all people, has completed the acquisition of Immedis, a leading global payroll provider with technology and services supporting more than 160 countries and 120 currencies.

17 July 2023

Company update/retail

Cornerstone Advisors acquires BankSmart

Cornerstone Advisors, a leading management and technology consultancy for banks, credit unions and fintech firms, today announced the acquisition of BankSmart, a consulting firm specializing in bank operations, vendor selection, project management solutions and payments.

12 July 2023

Company update/payments

DBS divests majority stake in AXS to Tower Capital Asia

DBS Bank Ltd (“DBS”) today announced that it has entered into an agreement to sell a 77.8% stake in AXS Pte. Ltd. (“AXS”) to private equity firm Tower Capital Asia.

11 July 2023

Company update/markets

Nordic Capital to sell Macrobond

Nordic Capital has agreed to sell Macrobond, a leading, global provider of software and macroeconomic and financial data, to Francisco Partners, a leading global investment firm that specialises in partnering with technology businesses.

10 July 2023

News/payments

FIS agrees sale of majority stake in Worldpay at $18.5bn valuation

FIS has agreed to sell 45% of its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the unit at $18.5 billion.

06 July 2023

News/retail

Turkish neobank Papara buys Spain's Rebellion

Turkish neobank Papara has acquired Spanish counterpart Rebellion, creating Europe's latest fintech unicorn.

05 July 2023

News/regulation

Corlytics acquires Clausematch

RegTech Corlytics has made its second acquisition of the year with the takeover of compliance mapping provider Clausematch.

05 July 2023

News/retail

BNP Paribas in talks to takeover Orange Bank

Telecommunications firm Orange has entered exclusive negotiations with BNP Paribas for the takeover of its retail banking business.

04 July 2023

News/payments

Fintechs engaged in bidding war for PayU

European payments firm PayU is reportedly the subject of a bidding war after its owner, Dutch investment company Prosus, decided to put it up for sale.

28 June 2023

News/startups

Robinhood buys credit card startup X1

Stock trading app Robinhood has agreed to buy credit card startup X1 for about $95 million in cash.

22 June 2023

News/wealth

Backbase buys digital wealth platform Nucoro

Engagement banking vendor Backbase has acquired UK-based digital wealth platform Nucoro. Financial terms of the deal were not disclosed.

15 June 2023

Company update/payments

Market Pay acquires Novelpay

Market Pay Group (“Market Pay”) today announces that it has signed an agreement for the acquisition of Polish fintech Novelpay, including its French subsidiary PAX France Novelpay, to further accelerate the development of its pan-European payments platform.

15 June 2023

News/crypto

BCB Group and Sutor Bank terminate acquisition deal

Crypto payments processors BCB Group has mutually terminated its deal to acquire 100-year old Sutor Bank in response to changing market decision.

15 June 2023

Company update/payments

NymCard acquires Middle East BNPL firm Spotii

NymCard, the leading payments infrastructure provider in the MENA region, has completed the acquisition of Spotii, a prominent Buy Now Pay Later (BNPL) Fintech operating in key markets including KSA, UAE, and Bahrain.

12 June 2023

Company update/retail

Lightico acquires Vizolution

Lightico, market-leading provider of digital customer interactions, today announced its acquisition of Europe’s leading customer experience technology provider, Vizolution, which positions the joint company as the global leader in B2B2C Digital Completion for the financial services and telecom industries.

12 June 2023

News/retail

FIS buys embedded finance firm Bond

FIS has acquired Banking-as-a-Service outfit Bond in what the fintech giant calls a "small but important purchase" for its platform strategy.

12 June 2023

News/markets

Nasdaq acquires Adenza for $10 billion

Nasdaq is to acquire capital markets software house Adenza from Thoma Bravo for $10 billion, reinforcing its positioning as a "technology company serving the global financial system".

12 June 2023

Company update/payments

XMDS acquires self-service payment provider Kuario

XMDS Holding, a European software company active in the field of fintech and faretech, has acquired KUARIO, the leading Dutch based self-service payment provider to complement its portfolio of mobile payments solutions, playing into the increasing use of self-service kiosks.

12 June 2023

Company update/payments

Medius to acquire Expensya

Medius, a leading provider of accounts payable (AP) automation, today announced its intent to acquire expense management software company Expensya for an undisclosed sum.

07 June 2023