Posts Tagged ‘acquisition’

South Korean group buys cryptocurrency exchange Bitstamp

Bitstamp, the EU’s largest cryptocurrency exchange, has been bought by NXMH, a Belgian-based investment vehicle with more than €2bn assets under management. NXMH is a subsidiary of South Korea’s NXC Corporation, which owns video game company Nexon, as well as Korbit, a South Korean cryptocurrency exchange. While Bitstamp will operate independently of Korbit, the tie-up would […]

Bancorp-led blank check company FinTech Acquisition III files for $275 million IPO

FinTech Acquisition III, a blank check company formed by management of The Bancorp to acquire a financial technology business, filed for its IPO on Tuesday. The Philadelphia, PA-based company plans to raise $275 million by offering 27.5 million units at $10. Read more

Irish FinTech company PerfectCard confirms its sale to Australia’s EML for €6m

Irish FinTech company PerfectCard has been sold to Australian payment solutions provider EML Payments in a €6m deal. PerfectCard provides incentive and corporate expense solutions including PerfectIncentive and the recently-launched Pecan Expense. The acquisition will result in the expansion of PerfectCard in Ireland, with plans to increase the number of full-time employees over the next […]

Circle Cuts Deal to Buy Crowdfunding Platform SeedInvest

Goldman Sachs-backed cryptocurrency platform Circle has agreed to acquire equity crowdfunding firm SeedInvest to help startups issue digital assets and provide its own clients with exposure to a wider variety of tokens. The deal is pending approval by the Financial Industry Regulatory Authority (FINRA). The acquisition will add 30 members to Circle’s team. The terms of […]

Société Générale Acquires Fintech Startup Treezor

Société Générale, France’s third-largest bank, has acquired French fintech startup, Treezor. Founded in 2015, Treezor is described as one of France’s pioneering Banking-as-a-Service platforms, providing services across the entire payment chain through API to many innovative financial-sector companies. Read more

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 […]