2021: Top five mergers and acquisitions
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
In 2022 we can expect more industry consolidation and further demand for alternative digital payment methods.
Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.
“BNPL is growing at a breakneck speed in India,” says CEO Nitin Gupta.
The new funds will also be used for further product development and to hire more staff.
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
The new cash will fund the start-up’s expansion into Brazil.
Featuring Monzo, Tipalti, Mambu, Tradeshift and Pleo.
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
Molitor replaces Matt Collinge, who left Curve after almost four years.
The neobank has already closed the first batch of money — $480 million — with more expected soon.
The appointment will bolster the paytech’s global expansion plans, CEO says.
TripActions is an all-in-one travel, corporate card, and expense management solution.
The Series C investment round was led by Vitruvian Partners, with participation from Tencent.
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
The merger will “create the world’s first global issuer-processor spanning 49 countries”.
Featuring Slice, 1inch, Prytek, Kueski and Fundbox.
Cash injection will be used to further develop its product offerings and hire more staff.
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
The Singapore-based fintech offers a multi-currency wallet, with a push into the corporate market now planned.
The digital bank also provides crypto capabilities, including instant crypto transfers.
Twig customers can turn their unwanted possessions into cash.
Iceland’s largest bank will utilise Salt Edge’s international experience and compliance solution.
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
Over 90% of customer transactions are now carried out digitally, the bank says.
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
Nobly POS software will be integrated with Revolut payment offerings internationally.
The project is partly driven by predicted strong growth in mobile transactions in Vietnam.
Open says Zwitch has already helped 10 start-ups embed financial services.
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
Weyay is in beta mode and will target the country’s large youth market.
Funding round takes payments and expenses solution provider to $570m valuation.
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The firm intends to issue credit cards for expats and is seeking funding of $100m.
Stripe among backers for brand-centric payments player with $53m raised in total to date.
The fintech has raised $600 million in equity capital since inception in 2017.
Brazil is South America’s biggest market for buy now, pay later (BNPL), and it looks set to keep growing.
The deal is expected to close before the end of the year.
The UK alternative lender is expanding its services using the new platform.
The fintech has achieved one of the largest funding rounds to date in Latin America.