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.
Klarna buys German payments firm BillPay from struggling Wonga
Swedish e-commerce payments firm Klarna is buying German payments player BillPay from UK payday lender Wonga. The price of the deal is reportedly around the £60m mark.
SoFi buys Zenbanx to launch banking product
SoFi is expanding into banking with the acquisition of mobile-banking startup Zenbanx. The company will pay around $100m for the startup
Ingenico expands Indian presence with TechProcess acquisition
Payments network Ingenico is acquiring Indian electronic payments provider Tech Process. The financial terms of the deal are undisclosed.
Ant Financial buys US remittance firm MoneyGram for $880m
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
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.
Daimler acquires PayCash Europe to launch Mercedes pay
Daimler Financial Services is acquiring electronic payments provider PayCash Europe. The terms of the deal are undisclosed.
Kalixa Payments bought for £30m by Singapore investor
GVC Holding is selling Kalixa Payments Group and its subsidiaries to privately held payments operator and investment firm Senjō Group for $30m.
London’s Babel Systems acquired by InvestCloud for $20m
London-based online trading technology company Babel Systems is being acquired by US FinTech firm InvestCloud in a $20m deal.
Flywire picks up London-based PACE Invoice
International payment solutions provider Flywire has purchased multi-currency invoicing platform provider PACE Invoice.
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