M&A

In a significant move, Onfido, a global front-runner in automated identity verification, has confirmed the acquisition of Airside Mobile, an industry-leader specialising in private, digital identity sharing technology.

Fifth Third Bancorp, a US-based financial services company, has announced its acquisition of Rize Money, a Virginia-headquartered embedded payments platform.

In a landmark deal, Ripple, the titan in enterprise blockchain and crypto solutions, has acquired Metaco, a Swiss-based firm known for its robust digital asset custody and tokenisation technology.

JAB Holding Company, a major investor in consumer-focused industries, has acquired a majority stake in Pumpkin Insurance Services Inc., a top-tier preventive care and pet insurance provider.

Goosehead Insurance, an independent personal lines insurance agency, has acquired Vivint Smart Home’s insurance book which includes more than 15,000 policies for $5.5m in cash.

EasyKnock, a technology-enabled residential sale-leaseback platform, has acquired real estate technology platform Ribbon.

Truv, a consumer-permissioned data platform, has acquired credit decisioning platform Credegraph in a move to continue modernising the lending verification experience.

Midwest Holding, a technology-driven life and annuity platform, is to be acquired by international investment firm Antarctica Capital in a transaction valued at $100m.

Smile Identity, a provider of identity verification in Africa, has acquired the parent company of Appruve, which helps firms use financial and identity data for detect fraud.

Belvo has acquired Brazilian payment institution Skilopay to bolster its position as a leading account-to-account payments provider in Brazil and Latin America.