Latest Mergers and acquisitions News: Finextra Research

Klarna buys travel planner Inspirock

Klarna has acquired online travel planner Inspirock in a deal the BNPL giant says will enable its 90 million users plan and shop for their trips before paying in instalments. Financial terms were not disclosed.

22 October 2021

News/retail

Revolut acquires team from talent-sourcing marketplace Wanted

Revolut has acquired the team behind New York-based talent sourcing marketplace Wanted. Financial terms were not disclosed.

22 October 2021

Company update/crypto

Lukka buys Blox Finance for crypto data services

Lukka, the leading enterprise crypto asset data and software provider, announced that it has acquired Blox Finance, the Cryptocurrency Accounting, Tracking and Management Software subsidiary of Blox, ETH staking and decentralized infrastructure provider.

20 October 2021

News/crypto

Cboe buys digital asset exchange ErisX

Cboe Global Markets is making a major move into the cryptocurrency arena, agreeing to buy ErisX Digital Holdings, which operates a digital asset spot market, a futures exchange and a clearing house. Financial terms were not disclosed.

20 October 2021

Company update/inclusion

MFS Africa to buy Nigerian super-agent network Baxi

MFS Africa, the largest pan-African digital payments hub, announced today that it had signed an agreement to acquire Baxi, one of Nigeria's leading super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.

20 October 2021

News/payments

Stripe to buy payments reconciliation outfit Recko

Stripe has agreed to buy Recko, an Indian outfit that provides payments reconciliation software for internet businesses. Financial terms were not disclosed.

20 October 2021

Company update/markets

S&P-IHS Markit merger to be cleared if CMA concerns overcome

The CMA will clear S&P’s merger with IHS Markit if competition concerns in certain commodity price assessments are addressed.

19 October 2021

Company update/payments

Fiserv to acquire BentoBox

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced that it has signed a definitive agreement to acquire BentoBox, a digital marketing and commerce platform provider that delivers a frictionless diner experience dedicated to accelerating growth and helping restaurants seamlessly connect with their guests.

18 October 2021

Company update/markets

Options acquires Activ Financial

Options Technology, the leading provider of Capital Markets services, backed by Abry Partners, today announced it has agreed to acquire ACTIV Financial. The financial terms of the agreement were not disclosed.

18 October 2021

News/markets

ICE sells Euroclear stake for €709m

Intercontinental Exchange (ICE) has sold its 9.85% stake in clearing and settlement platform Euroclear to Silver Lake for €709 million.

18 October 2021

News/Sibos

Sibos 2021: How can banks take meaningful action on climate change?

With COP26 fast approaching, and the financial industry facing additional costs to comply with government actions on climate change, it needs to start asking itself some tough questions, namely: Are we acting responsibly for the future? Are we driving carbon neutrality in the businesses we finance? Are we acting as an enabler for investments to lower the cost and increase the deployment of low-carbon technologies?

14 October 2021

News/payments

SumUp enters US through acquisition of Fivestars

London-based mPOS vendor SumU has acquired Fivestars, a US local commerce network that combines a marketing platform with integrated payments, for $317 million in a mix of cash and stock.

14 October 2021

Company update/markets

FactSet acquires Cobalt Software

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, today announced that it has acquired Cobalt Software, Inc. (“Cobalt”), a leading portfolio monitoring solutions provider for the private capital industry.

13 October 2021

Company update/retail

Halo Investing raises $100 million

Halo Investing (“Halo”), an award-winning platform for protective investments, announced today that it has raised over US$ 100 million in Series C funding.

12 October 2021

Company update/payments

Billtrust acquires Belgium's iController for $58 million

Billtrust (NASDAQ: BTRS), a B2B accounts receivable (AR) automation and integrated payments leader, announced today it has acquired iController, a leading B2B provider of intelligent solutions for collections management, for $58 million, financed with cash on hand.

12 October 2021

News/payments

Lunar buys Paylike and launches one-step e-commerce checkout

Denmark's Lunar has acquired payments gateway Paylike, enabling the digital challenger bank to offer business customers a one-stop checkout experience. Financial terms were not disclosed.

12 October 2021

News/people

SocGen to cut 3700 jobs in merger with Credit du Nord

Societe Generale is to create a new French retail bank through a merger with its unit Credit du Nord, leading to 3700 job losses between 2023 and 2025.

12 October 2021

Company update/retail

BSC and W.UP merge

Czech-based Banking Software Company (BSC) and Hungarian W.UP announced today that after receiving all regulatory approvals they have successfully completed their merger, forming Finshape.

12 October 2021

Company update/wholesale

Dock acquires Brazilian Banking-as-a-Service provider BPP

Dock, an innovator in financial technology infrastructure across Latin America, announced the acquisition of BPP, a payment institution regulated by the Central Bank of Brazil that specializes in Banking-as-a-Service (BaaS).

12 October 2021

News/crypto

R3 acquires stablecoin issuance platform Invo

Enterprise blockchain outfit R3 has acquired the technology and team of financial asset tokenization specialist Ivno, expanding its capabilities in the digital assets and currency space.

12 October 2021