Category: Transactions
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A German Fintech Deal! Dock Financial Swallows Compeon!
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The two companies work in different fields. And yet they are a good fit because they have similar target groups. Compeon is the German market leader in digital loans for small and medium-sized enterprises. According to a media report by Finance Forward, Munich-based banking-as-a-service platform Dock Financial is acquiring the…
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JJ Entertainment Wants To Acquire FinTech Handcheque!
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JJ Entertainment SE, listed on the Direct Market (MTF) of the Vienna Stock Exchange, is negotiating the takeover of Vienna-based handcheque GmbH, fintech offering a wallet solution. JJ Entertainment SE’s intends to focus on capital market-related advisory services for companies and their shareholders in raising equity and debt capital via…
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J.P. Morgan Backs Indian PayTech Company ISG!
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JP Morgan has invested strategically in leading Indian payments solutions provider In-Solutions Global (ISG). The company processes more than 17 billion transactions annually for its clients through its proprietary GeniusTM Payments-as-a-Service (PaaS) platform. It offers a market-leading stack and scalable capabilities that simplify the payment capture process, resulting in easy…
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Payback Kicks Out N26
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Payback users can usually convert their points into money. This is done via SEPA transfer to a checking account. However, this is currently no longer possible at N26, as “Mobiflip” reports. If an N26 IBAN is stored, users only receive the message “Please check the IBAN entered”. Until recently, the…
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SME Financial Services Provider Finom Buys Cross-Border PayTech Company Kapaga!
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Finom, a fintech company that provides online financial services to small and medium-sized enterprises (SMEs), has acquired cross-border paytech company Kapaga in a deal worth at least £10 million. The merger will allow Finom to unify its separate paytech services for freelancers, SMEs, and corporate customers in the UK and…
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Mexican B2B PayTech Yaydoo Acquires Oyster Financial!
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Mexican B2B paytech company Yaydoo has acquired Oyster Financial, a startup specializing in financial services for small and medium-sized businesses, to strengthen its presence in Latin America. With the acquisition for an undisclosed sum, Oyster CEO Vilash Poovala becomes Yaydoo’s chief technology officer (CTO).
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Latin American PayTech Company Kushki Acquires Mexican Company Billpocket!
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Latin American payment solutions provider Kushki is close to completing its acquisition of Mexican paytech company Billpocket. Founded in 2012, Billpocket enables businesses to accept card payments. The company received $6.8 million in Series A funding in 2019, according to Crunchbase.
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Prosus Terminates The $4.7 Billion Acquisition Of Indian BillDesk!
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The Dutch-South African investment firm Prosus announced the termination of the $4.7 billion acquisition of BillDesk, which would have been one of the largest in India’s financial technology sector, saying conditions of the deal had not been met. The transaction would have given Prosus, which already owns fast-growing PayU, a…
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Dock Financial Takes A Stake In Compeon – And Wants Its Customers!
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The Munich-based payment specialist and Banking-as-a-Service provider Dock Financial (website) of PPRO founder Philipp Nieland is taking a 10% stake in the Düsseldorf-based SME financing platform Compeon. Dock Financial is taking over the shares of an existing shareholder. No purchase price has been disclosed.
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JP Morgan Snaps Up FinTech StartUp Renovite!
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The U.S. bank J.P. Morgan (website) has acquired the digital payment service provider Renovite (website), a leading cloud-native payments technology company, to counter the threat posed by fintech companies such as Block, Klarna, PayPal, and Stripe.