September 18, 2024
Turkish FinTech leader Papara has acquired SadaPay, an innovative e-money institution based in Pakistan, according to FF News. Papara, which has 20 million users, aims to expand its presence in South Asia with this 100% purchase of SadaPay. The acquisition, valued at $1.5 billion in annual payment volume, is a strategic move following Papara's recent
September 14, 2024
EquiLend, a global financial technology company based in New York, said its operations were disrupted after some systems were knocked offline in a cyberattack on Monday. Following the incident, the technology, data and analytics company also detected unauthorized access to its network and is now working to restore all affected services. “On January 22, 2024,
September 4, 2024
A leading company in the field of business payments, Business acquire Paymerangleader in accounts payable automation solutions. Corpay announced today that it has entered into a definitive agreement. This acquisition expands Corpay’s presence in four attractive vertical markets: education, healthcare, hospitality and manufacturing. The transaction is expected to close in the second quarter of 2024,
September 4, 2024
By Gloria Methri May 29, 2024 Asset management Chetwood Finances CHL Mortgages 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
September 4, 2024
By Gloria Methri February 01, 2024 Clarus Agricultural Credit DMI Group In 2023, the FinTech sector has seen a slowdown in deal activity as companies around the world have taken 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
September 4, 2024
Fintech acquisitions returned to the deal table in March 2024 after a quiet 2023, with several announcements landing across UK retail banking, Danish SME lending, Swiss revenue-based financing, open banking payments, and UK adviser technology. The fintech acquisitions covered below were announced between 4 March and 26 March 2024, with buyers based in the UK,
September 4, 2024
Fintech IPO Index activity centred on deal news in early April 2024, with the index falling 2.9% over the week. The Fintech IPO Index drop came even as the two largest movers, Nuvei and Doma Holdings, gained ground on news of agreed take-private transactions, while Sezzle shares plunged 29.6% on disclosed short-seller interest. Fintech IPO
September 4, 2024
European fintech acquisitions returned to the deal calendar in June 2024, with four announcements landing across UK retail banking, French SME banking, Swedish e-commerce checkout software, and German point-of-sale systems. The European fintech acquisitions covered below were announced between 14 June and 24 June 2024, and involved buyers from the United Kingdom, Denmark, the United
September 4, 2024
Mid-market fintech and payments companies attracted increased private equity (PE) buyout interest in Q1 2024, according to a May 2024 analyst note from PitchBook titled "Quarterly Fintech M&A Review: PE Goes After Middle-Market Fintechs". The mid-market fintech segment, which sits between small early-stage startups and large established players, has drawn buyer attention for its growth
September 4, 2024
Cross-border payments provider Corpay, Inc. (NYSE: CPAY) signed a definitive agreement on 19 June 2024 to acquire GPS Capital Markets, LLC, a US-based provider of business-to-business cross-border and treasury management solutions to upper middle market companies. Corpay's investor presentation accompanying the announcement disclosed a transaction value of $725 million. GPS Capital Markets ranks as the
September 4, 2024
Fintech mergers and acquisitions in 2023 came against a backdrop of reduced deal activity, with PitchBook recording only 128 M&A deals in the first half of the year compared with 248 in H1 2022 and 188 in H2 2022. According to S&P Global Market Intelligence, the segments still drawing fintech mergers interest in 2023 included
September 4, 2024
Paymerang acquisition news landed on 8 May 2024 when Atlanta-based Corpay, Inc. (NYSE: CPAY) signed a definitive agreement to acquire Chesterfield County, Virginia-based payments and invoice automation provider Paymerang from Aldrich Capital Partners for approximately $475 million. The Paymerang acquisition was disclosed in a Corpay SEC filing and an accompanying press release. The deal added
