Fintechbits

Topic

Mergers and Acquisitions news

Mergers and acquisitions covers the deals that change who owns fintech infrastructure: acquisitions, mergers, take-privates, majority stakes and the divestitures that follow them. Fintechbits tracks the terms where they are disclosed, the regulatory approvals a deal still needs, and what happens after close, which is usually where the story is: the platform migrations, the products quietly discontinued and the customers who leave rather than be migrated. Coverage includes strategic buyers such as Fiserv, FIS, Visa and Mastercard, the private equity firms consolidating payment processors, and the distressed sales that follow a round nobody could raise. Funding rounds are not deals in this sense and belong under funding. A deal is covered here and on the hub for the market it consolidates.

Latest developments

Intuit is buying Sequence, the London revenue automation start-up, and named no price. Jefferies is selling FXCM in pieces, with Trade Nation taking the UK clients and AvaTrade most of the rest. El Salvador has sold control of its bitcoin-era Chivo app to a team of Visa and JPMorgan alumni. Basware closed its purchase of payment fraud specialist Trustpair, with price undisclosed. Valley National Bancorp will pay about $340 million for Bluevine, which holds $2.1 billion of deposits, and Stripe agreed to buy embedded lender Parafin on undisclosed terms.

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Latest mergers and acquisitions coverage

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