Payments

Payments Firm SumUp Acquires Fivestars for US$317 Million

SumUp, a London-based global payments service provider, announced the acquisition of Fivestars, America’s commerce network that combines a marketing platform with integrated payments, for US$317 million in a mix of cash and stock. The acquisition will enable both companies to

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Market Pay Acquires French Payments Firm Dejamobile

Market Pay, an European and omni-channel payment platform, announced the acquisition of Dejamobile, a French provider of mobile and connected equipment payment solutions. This deal is the second acquisition for Market Pay this month, following the acquisition of the Acoustic

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Visa Teases Plans for an Interoperable Hub for Crypto Payments

Visa announced that it is currently developing the “Universal Payment Channel” (UPC), a hub that connects multiple blockchain networks and allowing for secure transfer of digital currencies. The payments giant calls it a a “universal adapter” among blockchains, allowing central

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Entrust Signs Deal to Acquire Parisian Fintech Antelop Solutions

Entrust, an American digital security and credential issuance solutions provider, announced that it has signed a deal to acquire Antelop Solutions, a Paris-based fintech that enables financial institutions to issue secure digital credit and debit cards to their customers. This

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SpotOn Raises US$300 Million in Series E Funding to Acquire Appetize

SpotOn, provider of mobile payment technology and management system for restaurants and small businesses, announced US$300 million in Series E funding, raising its valuation to US$3.15 billion. The funding, which comes four months after SpotOn’s US$125 million Series D, will

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Global Payments Signs Deal to Acquire MineralTree for US$500 Million

Global Payments, a worldwide provider of payment technology and software solutions, announced an agreement to purchase MineralTree, a provider of accounts payable automation and business-to-business (B2B) payments solutions, for US$500 million in cash. The company will make the acquisition from

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Prosus Inks Deal to Acquire BillDesk for US$4.7 Billion, Plans to Double Down on India

Prosus, a Dutch company that is the international internet assets division of South African multinational Naspers, is set to acquire Indian digital payments provider BillDesk for US$4.7 billion. The proposed acquisition will see PayU, the payments and fintech business of

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Facebook Readies Novi Launch; Digital Currency Wallet Could Support NFTs

Facebook is preparing for the launch of Novi, a digital currency wallet that will be integrated into its multiple apps. David Marcus, the head of Facebook Financial (F2), the internal group developing the digital wallet, said Novi could be supporting

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Corporate Card Startup Ramp Bags US$300 Million, Acquires Buyer

Corporate credit card startup Ramp announced that it has raised US$300 million in a Series C funding round which now values the firm at US$3.9 billion. Ramp has raised over US$620 million to date in a mix of equity and

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Paysafe’s Acquisition Spree Continues With Germany’s viafintech

London-based payments platform Paysafe has signed an agreement to acquire German fintech company, viafintech, in an all-cash transaction for an undiclosed sum and will be finalised in the coming months. viafintech, known under the brands of Barzahlen/viacash and viacash, offers

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