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

Basware has closed its purchase of payment fraud specialist Trustpair, with the price undisclosed and Trustpair staying independent and open to rival systems. Valley National Bancorp will pay about $340 million for Bluevine, a small-business banking platform holding $2.1 billion of deposits. Stripe has agreed to buy the embedded lender Parafin, which already powers credit offers for DoorDash, Gusto, Jobber and Mindbody, with financial terms not disclosed. Monarch, a budgeting app with over 1 million members, bought HMBradley's technology team, and that team's founder will run a new unit named Monarch Labs.

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Latest mergers and acquisitions coverage