Italian bank Credem has reportedly chosen Worldline as the preferred bidder for its merchants’ payments business. That’s according to a report Tuesday (June 4) by Reuters, which notes that this is the latest in a series of sales of banks’ “merchant books,” which banks have...
Financial Information Technologies (Fintech) has acquired Nexxus Group to expand its B2B payment capabilities. This acquisition, which closed in May, adds Nexxus Group’s consignment-selling technology to Fintech’s business solutions for the hospitality and retail industries, the companies said in a Wednesday (May 29) press release....
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more than 100,000 small- to medium-sized businesses across Brazil, will be renamed Inter Pag, Inter&Co said...
365 Retail Markets has acquired Impulsify, saying the move will pave the way for 365 to supply more self-service retail experiences. The acquisition adds Impulsify’s self-service retail outlets for hotel chains and boutique properties to 365 Retail Markets’ existing range of unattended retail technology, the companies said...
CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale. The acquisition will add Venafi’s machine identity management solutions to CyberArk’s identity security capabilities, the...
TransNetwork has acquired Inswitch to accelerate the development of its digital product suite for cross-border payments in Latin America. The acquisition will add Inswitch’s regional expertise and its embedded financial technology solutions offered via an application programming interface (API)-based core platform to TransNetwork’s business-to-business (B2B) payments network and...
Toggle AI says it is acquiring financial data/analysis platform Atom Finance. The company, which provides artificial intelligence (AI) solutions for investing to hedge funds, banks and brokerages, announced the deal in a Wednesday (May 15) news release. No financial terms were released. “Atom Finance is a top provider of...
The FinTech landscape may be altered by go-private deals, as private equity firms and other corporates find value in the space — and where, arguably, valuations don’t reflect the potential of changes in payments processing, and especially payments acceptance. Nuvei stands out there, as, in...
Uber is acquiring Delivery Hero’s foodpanda delivery business in Taiwan for $950 million. The deal, announced Tuesday (May 14), is expected to close in the first half of next year and comes as Delivery Hero has been looking to reduce its operations in Asia. “Due to its existing presence in Taiwan,...
