United Fintech hires 14-year Goldman veteran to lead North American expansion
Mark Lawrence joins the scale-up to grow its business in the US and beyond.
Mergers & Acquisitions/M&A
FortisPay acquires EpicPay and Change Merchant Systems
US payments firm plans to create a unified platform combining all three.
HSBC bids goodbye to loss-making US division as profits move to Asia
HSBC has sold its mass-market retail banking ops to Citizens Bank and Cathay Bank.
Mission Lane acquires Honeydue to launch new debit card product
Honeydue has over 500,000 registered users in six countries and in three languages.
CleverCards to gain EMI licence via M&A, raises Facebook exec-led €10m round
Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
Stripe acquires card verification fintech Bouncer
Both Bouncer’s team and its technology will join Stripe.
Cedar co-founder: Our biggest competition is status quo and inertia
Cedar acquired San Francisco-based OODA Health for $425 million last week.
InvestCloud acquires cash flow firm Advicent to bridge advisor-client gap
Vista Equity-owned Advicent provides technology for 3,000 firms.
Bill.com acquires spend management firm Divvy in $2.5bn deal
Bill.com is paying $625 million in cash and $1.875 billion of common stock.
BNPL firm Affirm acquires Returnly in $300m deal
More than eight million shoppers have used the online return service.
M&A is driving digital transformation across financial services
There’s one clear winner when it comes to the collaboration of banks and fintechs – the consumer.
MVB Bank snaps up majority stake in Indianapolis fintech Trabian
The value of the stake remains undisclosed.
Video: Top fintech stories this week – 16 April 2021
To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.
KeyBank launches digital bank for doctors with new offshoot at Laurel Road
KeyBank acquired Laurel Road in 2019.
Acorns bags second acquisition of 2021 with AI start-up Pillar
Pillar helps students manage loan debt.
IDS to acquire White Clarke Group in multi-asset class merger deal
The combined firm will serve more than 300 companies.
Banking Technology April 2021 issue out now
Soaring to new heights: a record-breaking first quarter of M&A activity.
The role of the ego in M&A
M&A can often be reduced to egos.
Global fintech M&A round-up Q1 2021
Whilst some big deals never closed in Q1, plenty others took their place.
Paysafe goes public via Spac merger
Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.
SEC launches voluntary inquiry into US Spac craze
This year alone has birthed eight lawsuits against US Spac deals.
Fiserv acquires US processor Pineapple Payments
It is expected to close by the end of Q2 2021.
What the Fintech? | S.2 Episode 7 | Class is in session
Tania Ziegler, senior research associate at Cambridge, joins us on this latest episode.
Core banking provider Technisys buys AI chatbot operator Kona
Technisys has acquired some 60 bank customers to date.
Sontiq acquires Breach Clarity to deploy analysis tech
BreachIQ to be integrated with Sontiq’s existing product suite.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
Square buys majority stake in Tidal for $297m as Jay Z joins board
Tidal is the latest in a few sales Jay Z has made in recent weeks.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
MoneyLion set to go public via $2.9bn Spac deal
The fintech anticipates year-over-year growth of around 88%.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
NCR acquires digital onboarding start-up Terafina
Terafina marks NCR’s third acquisition this year.
Bottomline Technologies acquires TreasuryXpress
The US firm is expanding its treasury tools for corporates.
What the Fintech? | S.2 Episode 1 | Innovation in commercial lending
Innovation in commercial lending with special guest, Dean Snyder, EVP at AFS.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
CME Group and IHS Markit create post trade joint venture
A handful of CME’s systems will combine with IHS’ MarkitServ.
DXC sells Fixnetix trading system to Options Technology
Options looks to expand its product suite.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
