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 the capital market as well as the issuance of digitalized securities and the holding, management, and exploitation of company shares in subsidiaries.
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 onboarding and a better customer experience.
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 Europe and advance its expansion plans.
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).
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.
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 dominating position in the Indian payment processing market.
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.
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.