Mergers and acquisitions

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/crypto

Canadin crypto exchanges merge

WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi"), Coinsquare Ltd. ("Coinsquare") and CoinSmart Financial Inc. (NEO: SMRT) (FSE: IR) ("CoinSmart") today announced that they have entered into a business combination agreement (the "Business Combination Agreement") to combine their respective businesses (the "Transaction").

/retail

SoFi buys Wyndham Capital Mortgage

Today, SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced that it has acquired Wyndham Capital Mortgage, a leading fintech mortgage lender in an all cash transaction.

Acorns buys GoHenry

/retail

Acorns buys GoHenry

American savings and investment app Acorns has acquired British kids' money management company GoHenry. Financial terms of the deal were not disclosed.

PhonePe backs out of ZestMoney acquisition - report

/payments

PhonePe backs out of ZestMoney acquisition - report

Walmart-backed Indian mobile payments giant PhonePe has ditched a planned acquisition of BNPL player ZestMoney over due diligence concerns, according to the Economic Times.

Mastercard and Visa eye $1bn deal for Brazil's Pismo - Bloomberg

/cloud

Mastercard and Visa eye $1bn deal for Brazil's Pismo - Bloomberg

Mastercard and Visa are among the suitors in talks to buy Brazilian cloud-native core banking and payments platform Pismo for around $1 billion, according to Bloomberg.

/Mergers and acquisitions

Zenus Bank acquires Financial Urban Exchange

Zenus Bank, the digital bank that makes U.S. bank accounts available internationally, is proud to announce the acquisition of Financial Urban Exchange LLC (FUEX Payments), a fintech specializing in real-time payments for the Caribbean and Latin American (LAC) markets.

Ingenico acquires SoftPOS vendor Phos

/payments

Ingenico acquires SoftPOS vendor Phos

Ingenico has acquired SoftPOS vendor Phos for an undisclosed sum.

Equals Group expands into Europe through Oonex acquisition

/payments

Equals Group expands into Europe through Oonex acquisition

Equals Group, a UK fintech payments outfit focused on the SME marketplace, is moving into Europe through the £4.1 million acquisition of Belgium-based Oonex.

/wholesale

First Citizens acquires Silicon Valley Bank

The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First–Citizens Bank & Trust Company, Raleigh, North Carolina.

/payments

VeUP acquires M3 Payments technology suite

VeUP, a new global tech consultancy has acquired the product suite of UK fintech company M3 Payments as part of a multi-million-dollar growth strategy.

/retail

Raisin raises €60 million Series E funding

Fintech Raisin has raised €60 million in a series E funding round, from existing and new investors. The global savings and investment specialist recently exceeded 1 million customers, for which a total of €850 million in interest has been generated since founding the company in 2012. Raisin has been profitable for half a year and currently manages a total of €38 billion Assets under Management (AuM) for customers globally. In the past 6 months alone, AuM grew by more than 30%.

MangoPay acquires WhenThen

/payments

MangoPay acquires WhenThen

MangoPay, a European payment technology provider for marketplaces and platforms, has acquired Dublin-based payments technology company WhenThen.

JP Morgan to buy investment analytics player Aumni

/markets

JP Morgan to buy investment analytics player Aumni

JP Morgan has struck a deal to buy Aumni, an investment analytics platform that provides the data infrastructure for private capital markets. Financial terms were not disclosed.

/markets

State Street acquires CF Global Trading

State Street Corporation (NYSE: STT) announced today it has entered into a definitive agreement to acquire CF Global Trading, a global firm specializing in outsourced trading on an agency basis for a variety of asset classes including equities, listed derivatives and fixed income.

/retail

Bluestone to sell mortgage operations to Shawbrook

Bluestone Group, the European financial services business headquartered in the UK, announced today that it has agreed terms for the sale of its UK mortgage lending and portfolio servicing operations, Bluestone Mortgages Limited (‘BML’) to Shawbrook Group plc.

Mastercard acquires Swedish cyber-security firm Baffin Bay

/security

Mastercard acquires Swedish cyber-security firm Baffin Bay

Mastercard has acquired Swedish cybersecurity firm Baffin Bay as part of plans to build a multi-layered protective shield for customers across the world

French payments firms Synalcom and Qori merge

/payments

French payments firms Synalcom and Qori merge

French payments firm Synalcom and Qori are merging to form a new company, called Sylq, that promise to offer an all-in-one merchant payments platform.

Bloomberg agrees Broadway acquisition

/markets

Bloomberg agrees Broadway acquisition

Bloomberg has agreed to buy Broadway Technology, a provider of front-office tech to the sell-side. Financial terms were not disclosed.

/payments

Cuscal confirms strategic acquisition of Basiq

Cuscal Limited (Cuscal), one of Australia’s largest independent providers of payments, banking and regulated data and Basiq Pty Ltd (Basiq), Australia’s leading Consumer Data Right (CDR) platform that provides data services to over 150 businesses ranging from large institutional banks to fintech start-ups; have entered into a binding agreement under which Cuscal will acquire a controlling interest in Basiq, subject to customary conditions. This acquisition brings positive news to the recent investment downturn and provides hope for local homegrown start-ups.

Railsr agrees rescue sale to investors

/payments

Railsr agrees rescue sale to investors

Embedded banking platform Railsr has been saved from collapse after agreeing a sale to a consortium of investors led by D Square Capital. Terms of the deal were not disclosed.

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