Latest Mergers and acquisitions News: Finextra Research

Company update/payments

PayPoint acquires Handepay and Merchant Rentals

PayPoint is pleased to announce that it has signed an agreement to acquire Handepay Limited (“Handepay”) and Merchant Rentals Limited (“Merchant Rentals”), leading card payments and card terminal leasing businesses, from a consortium of private investors.

05 November 2020

Company update/Mergers and acquisitions

Tink completes acquisition of Eurobits

Tink completes its acquisition of the Spanish account aggregation provider Eurobits Technologies (Eurobits).

04 November 2020

News/regulation

Nordic Capital acquires RegTech from BearingPoint

Nordic Capital is to acquire BearingPoint's RegTech business, a regulatory reporting platform used by more than 6000 firms including banks, insurance companies and supervisory authorities.

04 November 2020

Company update/payments

Nuvei completes acquisition of Smart2Pay

Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, today announced it has completed the previously announced acquisition of Smart2Pay Global Services B.V. (“Smart2Pay”).

03 November 2020

Company update/crime

Refinitiv to add fraud prevention capability with acquisition of GIACT

Refinitiv has signed a definitive agreement to acquire Giact Systems, LLC (“GIACT”) boosting Refinitiv’s existing risk and compliance capabilities with the addition of an industry leader in digital identity, payments verification and fraud prevention.

02 November 2020

News/payments

Nexi and Nets enter exclusive negotiations on blockbuster merger

Italian payment processor Nexi is in exclusive talks on a merger with Nordic counterpart Next, creating an at-scale pan-European powerhouse.

02 November 2020

Company update/wealth

Scottish fintech Nucleus acquires OpenWealth for £1.5 million

Nucleus Financial Group has entered into a binding agreement to acquire the UK business and assets of Genpact Wealth Management UK Limited (which operates under the trading name OpenWealth) as they pertain to Nucleus for a total cash consideration of £1.5 million.

02 November 2020

News/payments

Mode acquires total control of JGOO

UK fintech Mode has bought out the 45% minority interest in operating subsidiary JGOO from Pure NZ Gateway Ltd, giving it full control of its associated partnerships with Tencent and Alipay.

02 November 2020

Company update/payments

NerdWallet acquires Fundera

NerdWallet, a website and app that provides financial guidance to more than 160 million consumers every year, has acquired Fundera, the go-to financial resource for the 28 million small and medium-sized businesses (SMBs) operating in the United States.

30 October 2020

News/devops

Société Générale CIO: how BaaS is future-proofing banking business models

Claire Calmejane, chief innovation officer of Société Générale, tells Finextra Research that Banking-as-a-Service platforms are playing for both sides of the field with both greenfield and incumbent banks future-proofing their businesses against the evolving face of financial services.

30 October 2020

Company update/cloud

Wipro to acquire Finastra partner Encore Theme

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services.

30 October 2020

News/payments

AnaCap to acquire payment processing arm of Carrefour Group

Private equity fund AnaCap has entered into exclusive negotiations for the purchase of a majority stake in Market Pay, the omnichannel payments arm of french supermarket chain Carrefour, in a deal valued at close to €300 million.

30 October 2020

News/payments

Alliance Data to buy BNPL player Bread

Marketing, loyalty and payments specialist Alliance Data has agreed a $450 million stock and cash acquisition of buy now, pay later firm Bread.

29 October 2020

Company update/Mergers and acquisitions

Carlyle Group to acquire majority stake in Calastone

Calastone, the largest global funds network, is pleased to announce that global investment firm The Carlyle Group (NASDAQ: CG) has today reached an agreement to acquire a majority stake in the business from its current shareholders, including Octopus Ventures and Accel.

29 October 2020

News/crypto

Medici takes controlling stake in Caribbean blockchain outfit Bitt

Medici Ventures, the blockchain investment arm of American Internet retailer Overstock, has paid $8 million for a controlling interest in Barbados-based Bitt.

29 October 2020

News/payments

Visa to acquire YellowPepper for LatAm push

Visa is to acquire payments technology firm YellowPepper in an effort to extend its influence across the region and the Caribbean.

28 October 2020

Company update/Mergers and acquisitions

Paramount completes acquisition of First Regents Banc Services

Paramount Management Group today announced it has acquired First Regents Banc Services and Equipment, an independent ATM deployer based in Franklin, TN.

26 October 2020

Company update/markets

Synechron acquires Citihub Digital

Synechron Inc., a leading Digital Transformation consulting firm for the financial services industry, today announced the acquisition of Citihub Digital, a London and New York based technology consulting firm for the financial services industry.

26 October 2020