FinTech sector welcomes Crowdcube and Seedrs merger
Despite some concerns about what it could mean for competition, the FinTech sector is seemingly happy about the announced merger between Crowdcube and Seedrs.
Group payments app Tilt in buyout talks with Airbnb
Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.
The Riverside Company sells stake in BeneSys
Private equity firm The Riverside Company has sold its stake in third-party administration (TPA) service provider BeneSys.
Alphacomm to improve fraud capabilities with new acquisition
Payments company Alphacomm will improve its anti-fraud capabilities through the acquisition of Mi-Pay.
Deluxe Financial Services acquires First Data in $93m deal
Deluxe Financial Services has acquired the remittance processing company First Data in a deal worth $93m.
Next Insurance doubles its valuation to $4bn after fresh investment
InsurTech unicorn Next Insurance has doubled its valuation to $4bn, following the close of a new $250m investment round.
Siemens AG acquires digital transformation company Mendix in $730m deal
Mendix, a digital transformation company, has been acquired by Siemens AG in a deal worth $730m in cash.
Root launches its IPO with shares priced at $27 each
Root, the parent company of digital car insurance platform Root Insurance, launched its initial public offering and its shares exceeded expectations.
Wyre scoops up Chinese remittance startup Remitsy
Blockchain-based cross-border payments startup Wyre is acquiring Beijing-based business payments service Remitsy. The financial terms of the deal are undisclosed.
PayPal expands financial inclusion efforts with TIO buy
PayPal is expanding its offering and reaching more users with the acquisition of bill payment company TIO Networks for roughly $233m.
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