Ant Financial boosts global reach with HelloPay acquisition

Ant Financial is continuing to make its presence felt outside of the Chinese market with the acquisition of Lazada’s payments arm HelloPay. The financial terms of the deal are undisclosed.

FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...

The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.

Marlin Equity acquires Medius from Novax, InnovationsKapital

Sweden-headquartered Medius has agreed to be acquired by private equity firm Marlin Equity Partners from Novax, InnovationsKapital and minority shareholders.

Accenture acquires NIKE Group to bolster its RegTech and compliance capabilities

Leading professional services firm Accenture has bought NIKE Group, an Italian consulting firm that provides regulatory technology services and solutions to financial services firms. The financial terms of the deal were not disclosed.

Payment processor First Data to sell 64 million Class A stock

POS system and credit card processing system First Data Corporation has agreed to sell 64 million shares of Class A common stock.

P2P lender Funding Circle looks to a £300m IPO on London Stock Exchange

P2P lending platform Funding Circle is planning a £300m IPO on the London Stock Exchange, which could value the company at around $1.6bn.

Starling Bank could float on the stock market by 2022

Challenger bank Starling Bank could go public as early as in three years’ time, according to a new interview with the founder.

Black Dragon sells stake in Indus to Ebix for $29m

Private equity firm Black Dragon Capital has sold its share in Indus Software Technologies to Ebix, in a deal worth $29m.

Sychronoss Technologies sells its Intralinks subsidiary for $1bn

Cloud, messaging and digital solution provider Synchronoss Technologies has sold its wholly owned subsidiary Intralinks to Siris Capital Group in a deal worth $1bn.

German challenger bank Fidor acquired by France’s BPCE

German online bank Fidor Bank has been acquired by Groupe BPCE, France's second-largest banking group. The price of the deal is undisclosed.

News Stories

Volante Technologies bags $35m in funding as it preps for big expansion plans

Volante Technologies, which offers payments and financial messaging solutions via the cloud, has bagged $35m in its latest equity round.

How a nightmare journey sparked the launch of InsurTech Air Doctor

Travelling is often synonymous with finding oneself and not launching new businesses. However, an illness-ridden holiday led to the launch of Air Doctor, a travel InsurTech.

The 22 companies to make the FCA’s sixth regulatory sandbox

The UK’s Financial Conduct Authority has named the 22 companies to be make the sixth cohort of its regulatory sandbox.

userlane said to secure €10m in a Series B round

Digital adoption software platform userlane has reportedly secured a €10m Series B round to support its European expansion.

iwoca said to raise £100m as it looks to increase loans issued under the...

Small business loan provider iwoca has reportedly raised £100m in funding to increase its capabilities as a Coronavirus Business Interruption Loan Scheme (CBILS) provider.