Fintech lender Uncapped (website), which provides funding to startups without taking an equity stake, has acquired the app and gaming finance platform Sugar (website), a game and digital app maker. The acquisition gives Uncapped a foothold in the gaming and apps market. It's the next step on the journey for Sugar, which secured a £1.5 million seed round led by Passion Capital and Velo Partners in 2020.
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 goal to diversify lending away from the government-backed COVID-19 loans that constitute most of its assets.
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 $34 million for GTP in a combination of cash and stock.
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 take over the German startup and acquire the Schufa shares.
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 release states.
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 and portfolio with this acquisition.
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 a total of 40 percent of the company's shares in Orderbird and recently took over the shares from existing shareholders without provi
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....
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...
