Posts Tagged ‘acquisition’

Travelers acquires majority stake in Toronto-based fintech

Travelers, one of America’s largest insurance companies, has acquired a majority stake in the Canadian fintech startup Zensurance. Zensurance aids businesses in the purchase and management of insurance packages through its proprietary platform. Over 2,500 businesses have signed on with Zensurance, and the startup works with more than 40 insurers. Sources close to the matter have […]

Top fintech mergers, acquisitions and partnerships of summer 2018

Tenemos, the banking software company and Venture lab at The American University in Cairo (August 13) Path Solutions, a global provider in Sharia-based technologies to the Islamic financial services industry and Attijariwafa Bank Group in Morocco (August 13) Onfido, identity verification provider and TransferGo, global remittance company (August 9) Bank of China extends use of […]

Paypal acquires Swedish fintech startup iZettle for $2,2 billion

PayPal has agreed to acquire iZettle, a leading provider of mobile payment infrastructure across Europe and Latin America, for $2.2 billion. The deal happened just before iZettle was set to go public on Nasdaq Stockholm. The IPO will now be cancelled. With iZettle, Paypal will have access to hundreds of thousands of brick-and-mortar retailers. By joining forces […]

Deutsche Bank acquires fintech startup Quantiguous Solutions

Deutsche Bank has acquired Mumbai-based software firm Quantiguous Solutions for an undisclosed sum to strengthen its various divisions and applications. All employees from Quantiguous will join Deutsche Bank after the acquisition. With the help of Quantiguous, Deutsche Bank will accelerate the development of its open banking platform that forms the core for developing client applications […]

Fintech startup MC Payment to acquire iFashion Group, proceed with reverse takeover plans

Veteran fintech startup MC Payment announced that it will acquire iFashion Group, an online fashion and lifestyle retailer in Singapore. According to documents filed with the Singapore Exchange, MC Payment will acquire iFashion in full for up to US$18.7 million. The acquisition will allow MC Payment to offer payment solutions to the diverse range of retail businesses within the […]

Coinbase Buys Bitcoin Startup Earn.com for $120 Million, Hires its CEO as Tech Chief

Coinbase, the largest cryptocurrency exchange in the United States, has acquired Earn.com, a blockchain-based social network portal, in a deal reportedly worth $120 million.  To date, this is Coinbase’s fifth acquisition and its biggest. Earn.com, which was initially called 21.co, launched in 2013 as a maker of bitcoin mining hardware. It pivoted in 2017 by rebranding […]

China’s First Bitcoin Exchange Acquired by Hong Kong Investors

China’s first Bitcoin exchange said it has been acquired by unnamed Hong Kong-based blockchain investment fund after a regulatory crackdown by Chinese officials. BTCC, which was known as BTC China when it was founded in 2011 and run by American Bobby Lee, was purchased for undisclosed terms. The company will now focus exclusively on the […]