MVB Financial Corp. Takes 37.5% Stake in Warp Speed Holdings LLC

MVB Financial Corp Acquires Integrated Financial Holdings in All-Stock Merger

August 12, 2022

Financial Services

MVB Financial Corp. entered into a definitive all-stock merger agreement to acquire Integrated Financial Holdings, Inc. (IFH). The deal is expected to expand MVB’s government guaranteed lending business, including SBA and USDA originations and servicing, and is targeted to close in the first quarter of 2023 subject to approvals and customary conditions.

MVB Bank Acquires Majority Interest in Trabian Technology

April 19, 2021

Software

MVB Bank, a subsidiary of MVB Financial Corp., has acquired a majority interest in Trabian Technology, a software development firm that builds digital products and applications for community banks, credit unions, digital banks and fintechs. The deal strengthens MVB's fintech capabilities by adding technology expertise, a new revenue stream and talent while keeping Trabian's leadership and operations in place.

MVB Financial Corp. Acquires Paladin Group

April 17, 2020

Cybersecurity

MVB Financial Corp. (through a wholly-owned subsidiary of MVB Bank) has acquired Paladin, LLC, a fraud prevention and consulting firm. The acquisition strengthens MVB's fintech vertical and expands its fraud-prevention capabilities and services for merchants, credit agencies and fintech clients.

Warburg Pincus to Acquire Majority Stake in Vistaar Finance

October 10, 2022

Financial Services

An affiliate of Warburg Pincus has entered into definitive agreements to acquire a majority stake in Vistaar Finance, a Bengaluru-based NBFC that provides secured loans to micro, small and medium enterprises across India. Exiting shareholders include WestBridge Capital, Elevar Equity, Omidyar Network India and Saama Capital; the deal is subject to regulatory approvals and aims to scale Vistaar's MSME lending franchise.

Wedbush Financial Services Takes Significant Stake in Velocity Trade

October 12, 2022

Financial Services

Wedbush Financial Services, parent of Wedbush Securities, is making a significant investment in Velocity Trade, which would make Wedbush the largest outside shareholder (subject to regulatory approval). The partnership is intended to expand Wedbush’s global presence and product capabilities, leveraging Velocity’s international brokerage and WealthTech-enabled wealth management platform.

Warburg Pincus Invests $100M in Matera

July 17, 2024

Cloud & SaaS

Warburg Pincus has made a $100 million growth investment in Matera to fund the Brazilian banking software provider’s expansion into North America and to accelerate product development. Matera, a provider of core banking, instant payments and QR code payment solutions used by more than 250 financial institutions, reported $77 million of revenue in 2023 and has a team of over 1,000 professionals.