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Saturday, January 23, 2021
Tags Acquisition

Tag: acquisition

JP Morgan and Lloyds set sights on Starling, Times Reports

Major players like JPMorgan Chase & Co. and Lloyds Banking Group Plc have expressed interest in buying the challenger Starling Bank Ltd., the Times reported.

Santander buys part of Wirecard’s assets for about €100 million

Banco Santander has closed an agreement to acquire several specialized technological assets of the bankrupted payment solution provider Wirecard.

Visa’s Plaid takeover faces antitrust scrutiny at the DOJ

The Departement of Justice could sue to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid over competition concerns, the Wall Street Journal reported.

Yandex agrees to Tinkoff bank acquisition for $5.5bn

Yandex is Russia’s biggest tech company and now it is set to buy the challenger bank called Tinkoff for $5.5 billion.

Railsbank is set to buy Wirecard UK

The now infamous payments processor Wirecard has confirmed the intention to sell its UK arm to Railsbank.

Mastercard acquires Finicity for $825 million to advance in open banking

Mastercard has bought the Salt Lake City-based fintech Finicity. With this move, the card issuer aims to strengthen its open banking platform and expand financial services through more real-time access to data.

Bunq is looking for acquisitions of fintech peers during the crisis

The founder of bunq Ali Niknam is not worried about the bright future of his challenger bank and claims that the company was left untouched by the corona crisis except everybody had to work from home.

$1.2 billion deal – SoFi buys fintech Galileo

Salt Lake City-based personal finance giant SoFi just announced it plans to acquire financial technology firm Galileo.

Santander buys majority stake in fintech Mercury TFS

Banco Santander announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million.

Ally Financial will buy CardWorks and it makes a $2.65 billion deal

Auto lender Ally Financial Inc on Tuesday has announced it’s buying subprime lender CardWorks for $2.65 billion. Ally Fin. looks to diversify its consumer product offerings, supported by a growing and low-cost deposit base.
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Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.

Curve raises $95 million as it eyes US expansion

London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.

Challenger bank Revolut applied for UK banking license

Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).