Tag: M&A

Acrisure, a global FinTech company delivering tech-powered financial services to businesses and individuals, has raised $2.1bn through a new issuance of convertible senior preferred stock.

Driven by the rising tide of AI and InsurTech solutions, the insurance industry is witnessing of a seismic shift in its culture. As firms seek agility, efficiency, and growth, technology is emerging not just as an enabler, but as a catalyst for mergers and acquisitions (M&A) across the industry, as Paul Kershaw, Enterprise Sales Manager, at Novidea explains.

ClearScore, a global FinTech and data-driven financial marketplace, has secured £30m in debt financing from HSBC Innovation Banking UK to support its expansion across domestic and international markets.

Recharge, a European leader in online prepaid payments, has secured a €45m facility with ABN AMRO.

Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MarshBerry, a global M&A advisory firm for insurance brokers, has revealed that it has acquired IMAS Corporate Finance LLP (IMAS).

Payoneer has recently announced the asset acquisition of data platform, Spott, for what is an undisclosed fee. 

Despite the tough market, there were still some notable mergers and acquisition deals completed in FinTech during 2022. Here are five of the biggest.

KPMG latest Pulse of FinTech report has suggested that a lack of M&A activity globally could reflect greater concerns about InsurTechs with high valuations that have not yet generated positive returns.