Author: nripn

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…

ContributedThis content is provided or sourced from third parties but has been editorially reviewed by Finextra. 2023 has been, by some measures, far from a good year for the fintech sector in Europe. record post-pandemic period2023 saw a correction, leading to lower valuationsThe European fintech market experienced significant challenges due to factors beyond its control. The global economic environment was tumultuous and overall investor sentiment was negative, with investment falling to a five-year low. It’s understandable that as we enter 2024, many fintech executives are feeling rather pessimistic about the outlook for the sector, but there have been signs of…

THE Fintech Times’ bi-monthly news roundup Take a look at the latest fintech stories from around the world on Thursday July 18, 2024.AppointmentMoney flow, a cloud platform for global card processing, has named Dagmar van Ravenswaay Claasen as Chair of its Supervisory Board. The board was launched earlier this year to support Silverflow’s growth strategies, as well as provide insights into industry needs, solutions and the future of paytech. She has held leadership positions at The Dutch Bank, before joining Adyen as Director of Regulatory Affairs.TBC Banking Group PLC appointed Constantin Kruglov as Head of Artificial Intelligence at To be…

In an exciting development for early-stage FinTech startups globally, Fintech Sandbox announced a significant expansion of its data access offerings.The nonprofit organization, which is dedicated to fostering innovation in the fintech sector, is welcoming two new data partners to its fold: MT Newswires and Polygon. The expansion also includes the addition of new datasets from six of its existing partners, including Benzinga, Dow Jones, FactSet, Moody’s, Nasdaq Data Link and Plaid, enhancing the support provided to startups through its Data Access Residency program.Fintech Sandbox, founded ten years ago, aims to address the challenges of high data costs and accessibility for…

The Miami-Fort Lauderdale metro area attracted $361 million in venture capital funding for the second quarter of 2024, down significantly from the $623 million the region attracted in the first quarter, according to the latest data from Pitchbook. The number of second-quarter deals for South Florida startups also fell to 71, down from 106 in the first quarter. That compares to 89 deals worth $378 million in the second quarter of 2023, Refresh Miami reported. However, the report notes that two late-breaking deals from June were not included in the total: Insightec, a Miami- and Israel-based medtech company developing focused…

Discover the latest and most relevant fintech news in our weekly digest. Stay informed as we continually update this article with the latest news throughout the week. Check back regularly for real-time updates on how the fintech landscape is evolving this week. Ready Fast financing partners with PrêtPro to provide loans as a service to small businesses across the United States Union Bank selected Baker Hill Next generation assembly of consumer loans and TruStage preparation of compliance documents Lendica And CSG Forte partner to provide an integrated commercial credit solution to small and medium-sized businesses in the United States You…

The new year has seen exciting developments in the financial technology (FinTech) sector, with key players making strategic decisions to shape the future of the industry. Established FinTech companies are expanding their offerings and entering new markets, while innovative startups are introducing disruptive technologies that promise to revolutionize the way financial services are delivered. Here are three of the most important FinTech news stories from January 2024: Sequence Raises $5.5M for World’s First Financial Router FinTech Company Sequence Sequence successfully raised $5.5 million in a seed funding round led by Aleph after experiencing remarkable growth of 220% in Q4…