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By Gloria Methri March 28, 2024 Capital box Europe FinTech In 2023, the FinTech sector saw a slowdown in deal activity as companies around the world took a cautious approach to mergers and acquisitions (M&A). In the first half of the year, only 128 M&A deals were recorded, compared to 248 and 188 in the first and second halves of 2022. Despite the contraction, companies remain interested in exploring options and are looking forward to closing potential deals when market conditions improve. Several FinTech segments, including payments, treasury management software and corporate spinoffs, are attracting M&A interest, according to S&P…

By Satyajit KanekarThe Indian fintech market is growing rapidly and is positioned as one of the largest in the world. According to the latest projections, it will reach a valuation of $2.1 trillion by 2030, making it the second largest market in the Asia-Pacific region. This growth is driven by India’s robust regulatory framework, supported by proactive government policies. In 2023, the lending technology sector led the way with 58 deals, accounting for a significant 21% share of the total deals, followed by WealthTech and RegTech, with 41 and 39 deals, respectively. This illustrates the diversity of the sector’s innovation…

Deals dominated headlines last week, with the fintech IPO index falling 2.9%. Nuvei shares gained 2.4%. As reported by PYMNTS, Nuvei is being taken private in a $6.3 billion deal with private equity firm Advent International. Nuvei CEO Philip Fayer will reportedly control nearly a quarter of the privately held company and is expected to remain at the helm. In our coverage of the the company’s latest earnings report, Nuvei’s fourth-quarter results showed the company is experiencing double-digit growth in demand and momentum from enterprise customers, as well as business-to-business (B2B) and independent software vendor (ISV) businesses. Total volumes increased…

By Gloria Methri In 2023, the FinTech sector saw a slowdown in deal activity as companies around the world took a cautious approach to mergers and acquisitions (M&A). In the first half of the year, only 128 M&A deals were recorded, compared to 248 and 188 in the first and second halves of 2022. Despite the contraction, companies remain interested in exploring options and are looking forward to closing potential deals when market conditions improve. Several FinTech segments, including payments, treasury management software and corporate spinoffs, are attracting M&A interest, according to S&P Global Market Intelligence. Let’s look at four…

Free NewsletterGet the latest Swiss Fintech news delivered to your inbox once a monthMid-market fintech and payments companies are gaining prominence in the broader fintech mergers and acquisitions (M&A) landscape, attracting the attention of private equity (PE) firms for their strong growth potential, stable profit margins and strong customer bases, according to a new analyst note from private market data provider PitchBook.Mid-market fintech companies fall between small, early-stage startups and large, established companies in terms of size and maturity. These companies target mid-sized businesses or consumers and often specialize in specific products or services tailored to their target audience. They…

Company, Inc. (NYSE: CPAY), a global enterprise payments company, today announced that it has signed a definitive agreement to acquire GPS Capital MarketsLLC. GPS provides cross-border business-to-business treasury management and transaction solutions to upper middle market companies, primarily in the United States. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions. “GPS is our third largest contract to date. We are very excited about GPS’s strengths, including a blue chip client list, a fantastic team of FX specialists and market leading FX clearing technology,” said Ron Clarke, President and CEO of Corpay,…

By Gloria Methri The FinTech sector has seen a slowdown in deal activity as companies around the world take a cautious approach to mergers and acquisitions (M&A). In the first half of 2023, only 128 M&A deals were recorded, compared to 248 and 188 in the first and second half of 2022. Despite the contraction, companies remain interested in exploring options and are looking forward to closing potential deals when market conditions improve. According to S&P Global Market Intelligence, several FinTech segments are attracting M&A interest, including payments, treasury management software and corporate spinoffs. To get a sense of this…

Atlanta-based Corpay is expected to close the deal in the second quarter Published May 9, 2024 by Robyn Sidersky Governor Ralph Northam (center) with the Paymerang team at the company’s office, courtesy of J&D Photo LLC Chesterfield County-based payments and invoice automation company Paymerang has signed a definitive agreement to be acquired by Atlanta-based enterprise payments processor Corpay for $475 million, according to a Corpay SEC filing and press release. The transaction is expected to close in the second quarter of the year, subject to regulatory approval and standard closing conditions. McLean-based private equity firm Aldrich Capital Partners is divesting…

The fintech IPO index climbed 2.2% this week as a series of acquisitions dominated headlines heading into the end of the second quarter. One of these acquisitions comes from InsurTech provider Homewhich saw its stock price rise above $1 after a difficult second quarter in which its share price fell below $0.57. In an announcement made this week, The company said it had acquired Global Carea Vietnam-based InsurTech company providing digital solutions to the insurance industry. The acquisition marks the first step in the global expansion of Huize’s new international brand, Poni Insurtech, as Southeast Asia offers “important market parallels…

Over the past decade, FinTech has evolved from a niche sector to a major driver of innovation in the global economy. This transformation has been accelerated by technological advances, changing consumer behaviors, and the constant search for efficiency and accessibility in financial services. Despite the rapid growth of the sector, it faces challenges such as increased regulation and fluctuating investment levels. Alexei Glukhov and Yevgeny Mishchenko, co-founders of British FinTech company Payrowpresents an exploration of the key trends shaping the industry, as well as predictions for its future development. Key Trends Shaping the FinTech Industry In recent years, the FinTech…