FIS is reportedly considering selling a majority stake in Worldpay to private equity groups. The deal, as reported Friday (June 30) by the Financial Times (FT), would worth more than $15 billion. It would also mark a reversal of FIS’ previously reported plan to spin off Worldpay, the...
Today in B2B payments, customers expect their digital payments to be simple, transparent and secure, while businesses need to use advanced technology to ensure proper B2B identity verification protocols. Plus, Advent secures a majority stake in Mangopay, and i2c and PingPong partner to offer cross-border...
In today’s FinTech News, private equity investor Advent International is taking a majority stake in Mangopay, while Worldpay is on track to offer merchants settlement in USDC. Plus, the United Kingdom will soon add stablecoins as an acceptable payment method. Advent Acquires Majority Stake in...
A merger of payments firms Transaction Services Group (TSG) and Clearent is said to be in the works by the private equity firm Advent International, Bloomberg reported on Thursday (Feb. 25), citing sources. The combined entity will be valued at $3 billion including debt, one...
July 02, 2023
FIS is reportedly considering selling a majority stake in Worldpay to private equity groups. The deal, as reported Friday (June 30) by the Financial Times (FT), would worth more than $15 billion. It would also mark a reversal of FIS’ previously reported plan to spin off Worldpay, the merchant services company it acquired in 2019. According to the […]
February 25, 2021
A merger of payments firms Transaction Services Group (TSG) and Clearent is said to be in the works by the private equity firm Advent International, Bloomberg reported on Thursday (Feb....
January 23, 2019
Advent International has announced that it is acquiring a majority stake in Prisma Medios de Pago, Argentina’s leading payments company. Advent is buying the 51 percent from a group of...
August 28, 2018
As part of an agreement with Walmart, Advent International is planning on investing 1.9 billion reais — or $485.66 million — in the retailer’s operations in Brazil. The global equity...
