Category: Transactions
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UK FinTech Unicorn Starling Bank To Acquire Morgage Book Worth £500 Million!
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The UK FinTech unicorn, Starling Bank, founded by Anne Boden in 2014, has agreed to acquire a mortgage book worth about £500 million to broaden its assets beyond COVID-19 loans. The startup is buying the loan portfolio from specialist lender Masthaven, according to Financial Times. The acquisition contributes to Starling’s…
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African Payments Company MFS Africa Acquires U.S. Fintech!
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MFS Africa, a digital payments company, will acquire Oklahoma-based Global Technology Partners in a rare instance of an African group closing a technology deal in the US. The acquisition, which will allow MFS to issue prepaid cards to customers, marks another development in Africa’s fast-growing fintech scene. MFS had paid…
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Yapily Acquires Munich Fintech finAPI To Form Europe’s Largest Open Banking Platform!
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FinAPI (www.finapi.io), a BaFin licensed FinTech, develops solutions for data integration and analysis using artificial intelligence. In 2019, German credit rating agency Schufa took a 75% stake, but finAPI continued to operate independently. As has now been announced, the open banking payment platform operator Yapily, headquartered in London, wants to…
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London FinTech Ebury Goes Brazil And Acquires Forex Payment Processor Bexs
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The London-based FinTech Ebury (www.ebury.com) has agreed to acquire 100 percent of Brazilian fintech Bexs to broaden Ebury’s offerings of global money transfer solutions for Small-to-Medium-enterprises (SMEs) and get a footprint in the huge Brazilian market. The acquisition includes both the Bexs Banco service and Bexs Pay, the Ebury press…
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Swiss FinTech Transaction – Finnova Acquires Contovista!
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The Lenzburg-based banking software maker Finnova has acquired Swiss fintech Contovista with a retroactive effect from January 1, 2022. Finnova reached an agreement with current owner Viseca to acquire 100% of Contovista’s shares. No purchase price was disclosed, according to the statement. Finnova wants to strengthen its data analytics expertise…
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100 Million Dollar Deal: Italian Nets Acquires German Startup Orderbird!
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The Berlin-based iPad POS operator was taken over by its Italian minority shareholder. Nets, a subsidiary of the Italian payment giant Nexi Group, acquired the Berlin-based FinTech startup Orderbird. in 2018, Nets already provided an early investment of around 20 percent. In late 2021, Nets increased its stake and received…
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Swiss Neo-Bank Radicant Continues With Banking License
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Radicant, the Swiss-based green FinTech subsidiary of Basellandschaftliche Kantonalbank (BLKB) has received its banking license from FINMA and is preparing to enter the market. Radicant does not see itself as another neo-bank in confusing garb. The FinTech company focuses on sustainability and wants to change banking and redefine the traditional…
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The Silent German €100 Million Deal Of InsureTech Clark
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At the end of 2021, Frankfurt-based fintech Clark announced the acquisition of finanzen Group, the operator of the leading German financial website Finanzen.de. The Allianz subsidiary had specialized in the business of contacts from potential insurance customers – so-called leads. After the deal, Clark declared itself “a unicorn and one…