Settle, an operations platform for consumer packaged goods (CPG) brands, acquired enterprise resource planning (ERP) firm Turbine. Settle incorporated Turbine’s inventory operations and forecasting capabilities with its cash flow platform to expand its procurement and inventory management suite, according to a Tuesday (Oct. 1) news...
With Lightspeed Commerce engaged in discussions of “potential strategic alternatives,” private equity firms and Worldpay are reportedly the most logical potential buyers of the point-of-sale (POS) and commerce platform. Jefferies analyst Trevor Williams wrote in a note Wednesday (Sept. 25) that along with those potential...
Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities. “Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases,” the payments giant said in a news...
B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with plans for the combined company to go public in India after the deal closes. PayMate says its platform simplifies and...
Payment platform Payroc has completed its previously announced acquisition of the merchant services business of i3 Verticals. With this acquisition, which was announced in June, Payroc will provide payment solutions to a broader range of partners and merchants, the company said in a Monday (Sept. 23) press release....
Revolut’s chairman is reportedly part of a group aiming to purchase part of Banque Havilland. Martin Gilbert is among the investors in talks to buy the Monaco-based arm of the private bank, which recently lost its license because of concerns about its internal controls, Bloomberg News reported Monday (Sept. 23)....
Financial technology provider CSI acquired overdraft management software firm Velocity Solutions. “Our customers rely on us to provide the advanced tools and software that drive revenue, efficiency and cost savings,” CSI CEO and President David Culbertson said in a Wednesday (Sept. 18) news release. “Velocity’s...
Mastercard is spending $2.65 billion to acquire threat intelligence company Recorded Future. The deal, announced Thursday (Sept. 12), “bolsters the insights and intelligence used to secure today’s digital economy – in the payments ecosystem and beyond,” Mastercard said. A company news release describes Recorded Future as “the world’s largest...
Squarespace is becoming a private company, with its new owner offering a more generous deal. The website-building platform had announced plans to merge with private equity firm Permira in a $6.4 million deal. Now, Permira has sweetened the deal in a transaction worth $7.2 billion,...
