Exits

From: RegTech Analyst The COVID-19 pandemic has presented the RegTech community with both challenges and opportunities. It’s easy to see how society has changed over...

COVID-19 has plunged financial markets into chaos, but the pandemic also represents both challenges and opportunities for FinTech companies as they adjust to a whole new reality.

Leading professional services firm Accenture has bought NIKE Group, an Italian consulting firm that provides regulatory technology services and solutions to financial services firms. The financial terms of the deal were not disclosed.

Proxy is planning to make a big leap forward into how connected devices are being used by acquiring Motiv, the startup behind an internet of things (IoT) enabled ring.

North American credit provider CURO has raised $100m in senior secured revolving credit faculty from Atalaya Capital Management, a private credit and special opportunities alternative investment manager.

Online personal finance company SoFi has acquired financial services API and payments platform Galileo in a deal worth $1.2bn, comprising of cash and stock.

Kenyan mobile network Safaricom and Vodacom, the South African division of Vodafone, have acquired phone-based money transfer service M-PESA.

Digital identity company Signicat has acquired Dutch digital identity specialist Connectis to create a stronger platform.

Identity verification solution developer Acuant has acquired its former strategic partner IdentityMind.

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.