Payments & Fintech Acquisitions in 2021
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December 29, 2021
- Buyer
- Stella Point Capital
- Target
- Autoagent
- Industry
- Payments & Fintech
- Location
- Florida, United States
- Type
- Growth capital
New York-based private equity firm Stella Point Capital has made a growth investment in Autoagent, a Boca Raton–based provider of cloud tax payment and data solutions. The capital will be used to expand Autoagent’s payments revenue stream, increase penetration into taxing jurisdictions, grow its data footprint, and support regional expansion and future acquisitions while the existing management team remains in place.
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- Buyer
- Roman DBDR Tech Acquisition Corp.
- Target
- CompoSecure Holdings, Inc.
- Industry
- Payments & Fintech
- Location
- New Jersey, United States
- Type
- Buyout
CompoSecure Holdings, Inc. completed its previously announced business combination with Roman DBDR Tech Acquisition Corp. on December 27, 2021, and the combined company began trading on the Nasdaq under the ticker CMPO on December 28, 2021. The transaction takes CompoSecure public via the SPAC, positioning the company to accelerate growth in premium payment cards and its Arculus cryptocurrency storage and security product line.
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December 22, 2021
- Buyer
- Eckoh plc
- Target
- Syntec Holdings Ltd
- Industry
- Payments & Fintech
- Location
- England, United Kingdom
- Type
- Buyout
Eckoh plc has completed the acquisition of Syntec Holdings Ltd (Syntec) for approximately £31m ($41m). The deal adds Syntec's CardEasy contact-centre payment solution, patents and team to Eckoh's secure payments and customer engagement portfolio, strengthening product capabilities and accelerating cloud growth and US market expansion.
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December 21, 2021
- Buyer
- Kraken
- Target
- Staked
- Industry
- Payments & Fintech
- Location
- New York, United States
- Type
- Buyout
Kraken has acquired Staked, a non-custodial staking infrastructure provider, for an undisclosed sum to expand its staking product lineup and offer a non-custodial alternative to its custodial staking services. The deal strengthens Kraken's capabilities across additional proof-of-stake networks and brings Staked's institutional and retail clients into Kraken's broader crypto platform.
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December 20, 2021
- Buyer
- Rocket Companies
- Target
- Truebill
- Industry
- Payments & Fintech
- Location
- Maryland, United States
- Type
- Buyout
Rocket Companies (NYSE: RKT) entered into an agreement to acquire Truebill, a personal finance app, for $1.275 billion in cash. The acquisition is expected to close before the end of 2021 and is intended to expand Rocket’s fintech ecosystem by adding financial wellness services that deepen consumer engagement between major real estate and financial transactions.
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December 20, 2021
- Buyer
- OFX Group Limited (OFX)
- Target
- Firma Foreign Exchange Corporation (Firma)
- Industry
- Payments & Fintech
- Location
- Alberta, Canada
- Type
- Buyout
OFX Group Limited has agreed to acquire 100% of Canadian foreign exchange and payments provider Firma Foreign Exchange Corporation for C$90 million. The acquisition adds over 9,600 corporate clients, increases OFX's North America revenue substantially, and is expected to be accretive to EPS while delivering cost and revenue synergies.
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December 17, 2021
- Buyer
- FirstCash Holdings, Inc.
- Target
- American First Finance
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
FirstCash Holdings, Inc. has completed its acquisition of American First Finance (AFF), adding AFF as a wholly owned subsidiary and establishing FirstCash's entry into the lease-to-own and point-of-sale payment space. AFF brings a nationwide network of over 6,500 merchant partner locations and technology for "no credit required" retail financing; Doug Rippel, AFF's founder and former chairman, joined the FirstCash Board following the close.
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December 15, 2021
- Buyer
- Flywire Corporation (Flywire)
- Target
- WPM (WPM Education Limited)
- Industry
- Payments & Fintech
- Location
- West Sussex, United Kingdom
- Type
- Buyout
Flywire Corporation has acquired WPM (WPM Education Limited), a U.K.-based payments and software provider for higher education, to deepen its presence in the U.K. education market and expand its product suite. The deal adds WPM’s client base of more than 170 universities and colleges and brings strategic consulting, research and events capabilities into Flywire’s global payments platform.
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December 15, 2021
- Buyer
- Klarna
- Target
- Piggy
- Industry
- Payments & Fintech
- Location
- Florida, United States
- Type
- Buyout
Klarna has acquired Piggy, a browser-extension digital commerce technology that provides coupons and cashback to shoppers. The acquisition is intended to accelerate Klarna's browser-extension offering and integrate Piggy's coupon and savings capabilities into Klarna's payments and shopping experiences.
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December 14, 2021
- Buyer
- Celero Commerce
- Target
- Everest Payment Solutions
- Industry
- Payments & Fintech
- Location
- Florida, United States
- Type
- Buyout
Celero Commerce acquired Florida-based Everest Payment Solutions, a national provider of payment processing services, expanding Celero's merchant footprint and capabilities. With the acquisition Celero will serve over 45,000 merchants and process more than $18 billion in annual card volume, while combining Everest's local, bundled technology solutions with Celero's platform and business management tools.
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December 7, 2021
- Buyer
- Dock
- Target
- Cacao
- Industry
- Payments & Fintech
- Location
- Mexico
- Type
- Buyout
Dock, a Brazilian fintech infrastructure provider, has completed the acquisition of Cacao, a Mexican card processing solutions provider. The acquisition expands Dock’s footprint in Mexico and Latin America and brings Cacao’s card issuing and card management capabilities (over four million cards issued and 50+ clients) onto Dock’s integrated payments and banking platform.
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December 7, 2021
- Buyer
- Pollen Street Capital
- Target
- Blue Media S.A.
- Industry
- Payments & Fintech
- Location
- Pomeranian Voivodeship, Poland
- Type
- Growth capital
Pollen Street Capital has made a strategic growth investment in Blue Media S.A., the Polish online payments group behind the Blue Media and Autopay brands. The minority growth investment will support Blue Media’s expansion across European payments and mobility use-cases; the deal (advised by PwC for Blue Media and EY/Clifford Chance for Pollen Street) was expected to close in H1 2022 subject to regulatory approvals.
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December 6, 2021
- Buyer
- Paymentology
- Target
- Tutuka
- Industry
- Payments & Fintech
- Location
- South Africa
- Type
- Buyout
Paymentology and Tutuka have merged to form a unified global issuer-processor operating under the Paymentology name, combining their platforms, teams and reach to serve banks, fintechs and telcos across 49 countries. The combined business brings together Paymentology's multi-cloud processing platform with Tutuka's global experience to offer single-API card issuing and processing at scale.
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December 2, 2021
- Buyer
- Sixth Street
- Target
- Fullsteam Holdings LLC
- Seller
- Aquiline Capital Partners
- Industry
- Payments & Fintech
- Location
- Alabama, United States
- Type
- Growth capital
Fullsteam Holdings LLC, a payments technology and vertical software holding company owned by Aquiline Capital Partners, closed a minority investment from Sixth Street. The growth investment will support Fullsteam's integrated payments platform and continued expansion of its vertical software portfolio across healthcare, field services, specialty retail and other SMB markets.
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November 30, 2021
- Buyer
- Stax
- Target
- CardX
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Stax, the Orlando-based all-in-one payments technology provider, has acquired CardX, a Chicago-based automated credit-card surcharging platform. The acquisition integrates CardX's compliance and dynamic-fee capabilities into Stax's payments stack, expands Stax's footprint with a new Chicago office, and brings CardX's ~2,600 merchant customers onto the Stax network.
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October 28, 2021
- Buyer
- SumUp
- Target
- Fivestars
- Industry
- Payments & Fintech
- Location
- California, United States
- Type
- Buyout
SumUp, the London-based payments provider, completed its acquisition of San Francisco-based Fivestars on October 28, 2021 for $317 million in cash and stock. The deal gives SumUp its first U.S. presence and integrates Fivestars' payments, loyalty and marketing automation platform while Fivestars' leadership, including CEO Victor Ho, remain in place.
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October 28, 2021
- Buyer
- Mad Mobile
- Target
- TableSafe
- Industry
- Payments & Fintech
- Location
- Washington, United States
- Type
- Buyout
Mad Mobile has acquired TableSafe, a mobile pay-at-the-table solution that enables EMV-certified and P2PE-compliant contactless and card payments. The acquisition expands Mad Mobile's restaurant mobility platform by adding in-table payment capabilities, analytics and access to TableSafe's restaurant customers.
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October 26, 2021
- Buyer
- SEI
- Target
- Finomial
- Industry
- Payments & Fintech
- Location
- United States
- Type
- Buyout
SEI (NASDAQ: SEIC) has acquired Finomial, a cloud-native investor lifecycle management fintech, to enhance SEI’s investor-focused platforms and accelerate automation, reporting and digital collaboration capabilities. Finomial founder Meredith Moss and a team of approximately 42 engineers, developers, cloud specialists and client service personnel from the U.S. and India will join SEI to support integration and product expansion.
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- Buyer
- Gilde Buy Out Partners, Solidus BidCo S.p.A., Solidus HoldCo S.p.A., Bravi Consulting, Umberto Pardi
- Target
- TAS S.p.A., OWL S.p.A., GUM International S.r.l., 2BP S.r.l.
- Seller
- GUM Consulting S.p.A., Bravi Consulting, Mr. Fabio Bravi, Mr. Matteo Bravi, CLP S.r.l.
- Industry
- Payments & Fintech
- Location
- Lombardy, Italy
- Type
- Buyout
Gilde Buy Out Partners, through newly formed Solidus BidCo S.p.A. (and Solidus HoldCo S.p.A.), has entered into agreements to acquire GUM International S.r.l. and a stake in 2BP S.r.l., which together control OWL S.p.A., the controlling shareholder of TAS S.p.A. Upon closing, BidCo will launch a mandatory tender offer at EUR 2.20 per TAS share (implying a TAS interest value of ~EUR 134.5m) with the aim of delisting TAS and supporting accelerated growth and international expansion; management (Bravi Consulting and Umberto Pardi) will reinvest and participate in the HoldCo.
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October 18, 2021
- Buyer
- Fiserv, Inc.
- Target
- BentoBox
- Industry
- Payments & Fintech
- Location
- Wisconsin, United States
- Type
- Buyout
Fiserv signed a definitive agreement to acquire BentoBox, a digital marketing and commerce platform for restaurants. The deal is intended to expand Fiserv’s Clover dining solutions and omnichannel strategy by combining BentoBox’s digital storefront with Clover’s business management platform, with closing expected in Q4 2021.
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October 15, 2021
- Buyer
- Intercontinental Exchange, Inc. (ICE), Bakkt Holdings, Inc.
- Target
- VPC Impact Acquisition Holdings, Bakkt Holdings, LLC
- Industry
- Payments & Fintech
- Location
- Georgia, United States
- Type
- Buyout
Intercontinental Exchange (ICE) announced that Bakkt Holdings, LLC completed its merger with VPC Impact Acquisition Holdings (VIH). The combined company began trading on the New York Stock Exchange on October 18, 2021 under the ticker “BKKT,” following shareholder approval and customary closing conditions.
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October 12, 2021
- Buyer
- The Western Union Company
- Target
- stc Bank
- Industry
- Payments & Fintech
- Location
- Riyadh Province, Saudi Arabia
- Type
- Growth capital
The Western Union Company acquired a 15% minority stake in stc Bank for $200 million, marking a strategic minority investment to deepen its presence in the Middle East payments ecosystem. The deal extends an existing commercial partnership—Western Union will provide cross-border money transfer capabilities to stc Bank's app as stc Bank launches as one of Saudi Arabia's first digital banks.
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October 7, 2021
- Buyer
- Dock
- Target
- BPP
- Industry
- Payments & Fintech
- Location
- Brazil
- Type
- Buyout
Dock, a financial technology infrastructure provider in Latin America, announced it will acquire BPP, a Central Bank of Brazil-regulated Banking-as-a-Service (BaaS) payment institution. The deal is subject to regulatory approvals, and Dock expects BPP’s direct integrations with Brazilian interbank systems (SPB and SPI) to strengthen its full-stack BaaS platform and PIX-related offerings in Brazil.
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September 29, 2021
- Buyer
- Persistent Systems
- Target
- Software Corporation International (SCI), Fusion360
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Buyout
Persistent Systems acquired Software Corporation International (SCI) and its affiliate Fusion360, adding a dedicated payments business unit and expanding its cloud and payments capabilities. The deal brings deep payments domain expertise and IBM Financial Transaction Manager (FTM) application capabilities into Persistent's global digital engineering and enterprise modernization services.
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September 17, 2021
- Buyer
- Priority Technology Holdings, Inc.
- Target
- Finxera Holdings, Inc.
- Seller
- Funds managed by Stone Point Capital LLC, Finxera management team
- Industry
- Payments & Fintech
- Location
- California, United States
- Type
- Buyout
Priority Technology Holdings (NASDAQ: PRTH) has completed the acquisition of Finxera Holdings, a pioneer in Banking-as-a-Service (BaaS) and payments infrastructure. The deal combines Priority's merchant acquiring and payments capabilities with Finxera's BaaS platform to create an expanded payments and virtual-banking offering; Finxera shareholders, including funds managed by Stone Point Capital and Finxera management, will retain meaningful equity positions in Priority.
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September 14, 2021
- Buyer
- Fortis Payment Systems, LLC (FortisPay)
- Target
- OmniFund
- Industry
- Payments & Fintech
- Location
- United States
- Type
- Buyout
Fortis Payment Systems (FortisPay) has acquired OmniFund, a cloud-based Payments-as-a-Platform provider. The acquisition will expand FortisPay's commerce technology capabilities and deepen its integrations with software partners and ERP solutions; OmniFund's CEO Stacy Roderick and her team will join FortisPay.
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September 9, 2021
- Buyer
- Insight Partners, Francisco Partners, Great Hill Partners, NMI management
- Target
- NMI
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Growth capital
NMI, a global commerce enablement and payments technology platform, received a significant growth-equity investment from Insight Partners, joining existing investors Francisco Partners and Great Hill Partners. The company will remain led by CEO Vijay Sondhi and management (who also reinvested); the capital will be used to accelerate product development, global expansion, and NMI's acquisition strategy.
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September 9, 2021
- Buyer
- Mastercard
- Target
- CipherTrace
- Industry
- Payments & Fintech
- Location
- California, United States
- Type
- Buyout
Mastercard has acquired CipherTrace, a cryptocurrency intelligence company, to strengthen its digital assets security, fraud detection and compliance capabilities. The deal integrates CipherTrace’s blockchain analytics and intelligence with Mastercard’s AI, cyber and payments infrastructure to provide greater transparency and regulatory support for customers; terms were not disclosed.
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September 2, 2021
- Buyer
- Pollen Street Capital
- Target
- Ding
- Industry
- Payments & Fintech
- Location
- Ireland
- Type
- Growth capital
Pollen Street Capital agreed to buy a majority stake in Ding, the world’s largest mobile phone top-up service, with founder Mark Roden also investing. The transaction is expected to complete in September, and financial terms were not disclosed.
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- Buyer
- Waitr Holdings Inc.
- Target
- ProMerchant, Flow Payments, Cape Cod Merchant Services
- Industry
- Payments & Fintech
- Location
- United States
- Type
- Buyout
Waitr Holdings Inc. completed asset acquisitions of payment processors ProMerchant, Flow Payments and Cape Cod Merchant Services to expand its payments capability for restaurant partners. The deal supports Waitr’s strategy to offer a full suite of payment services — including processing, loyalty, gift cards and merchant lending — across its restaurant ecosystem.
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August 25, 2021
- Buyer
- NextPlay Technologies, Inc.
- Target
- Token IQ
- Seller
- Token IQ
- Industry
- Payments & Fintech
- Location
- United States
- Type
- Buyout
NextPlay Technologies (Nasdaq: NXTP) entered into a definitive agreement to acquire 100% of the assets of Token IQ to integrate Token IQ's smart compliant token technology into NextPlay's fintech and ICO portal offerings, including its NextBank business. The acquisition is intended to enhance NextPlay's digital-asset management, KYC/AML capabilities and support integration across its gaming, fintech and travel ecosystem.
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- Buyer
- Falfurrias Capital Partners
- Target
- Chargeback Gurus
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Falfurrias Capital Partners has made a majority investment in Chargeback Gurus, a Texas-based provider of chargeback prevention and recovery services for eCommerce and card-not-present merchants. Falfurrias will support Chargeback Gurus' expansion of industry verticals and geographies and invest in technology, sales, and service enhancements; Leonis Partners served as financial advisor to Chargeback Gurus.
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- Buyer
- Cantaloupe, Inc.
- Target
- Delicious Nutritious LLC (dba Yoke Payments)
- Seller
- Delicious Nutritious LLC (dba Yoke Payments)
- Industry
- Payments & Fintech
- Location
- California, United States
- Type
- Buyout
Cantaloupe, Inc. (Nasdaq: CTLP) acquired the assets of Delicious Nutritious LLC, dba Yoke Payments, a Los Angeles–based micro-market payments and POS software provider. The acquisition integrates Yoke’s kiosk and mobile point-of-sale technology into Cantaloupe’s Seed Markets platform to extend self-checkout capabilities and expand micro‑market offerings.
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August 16, 2021
- Buyer
- Paysafe
- Target
- SafetyPay
- Industry
- Payments & Fintech
- Location
- California, United States
- Type
- Buyout
Paysafe (NYSE:PSFE) has agreed to acquire SafetyPay in an all-cash transaction valued at USD 441 million, strengthening Paysafe’s eCash and open banking capabilities in Latin America. The deal brings SafetyPay’s team and network into Paysafe’s eCash and open banking division to accelerate regional expansion and cross-selling opportunities across Paysafe’s payments, wallet and gateway solutions.
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August 11, 2021
- Buyer
- U.S. Bank (U.S. Bancorp)
- Target
- Bento Technologies (Bento for Business)
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
U.S. Bank has agreed to acquire Bento Technologies (Bento for Business), a fintech company that provides card-based payments and automated expense management for small and mid-size businesses. The acquisition is intended to integrate Bento’s accounts-payable and expense management capabilities with U.S. Bank’s existing payments and receivables solutions to offer a more comprehensive cash-management experience for SMB clients.
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- Buyer
- Flexpoint Ford, BMO Capital Partners
- Target
- PayFacto Payments Inc.
- Industry
- Payments & Fintech
- Location
- Quebec, Canada
- Type
- Growth capital
Flexpoint Ford led an equity investment of up to C$150 million in PayFacto Payments Inc., with participation from BMO Capital Partners. The growth capital will fund PayFacto's U.S. expansion, product development (including a cloud-based POS), and future acquisitions to accelerate its payments and POS strategy.
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August 2, 2021
- Buyer
- EVO Payments, Inc.
- Target
- Anderson Zaks Limited
- Industry
- Payments & Fintech
- Location
- Berkshire, United Kingdom
- Type
- Buyout
EVO Payments, Inc. has completed the acquisition of Anderson Zaks Limited, a UK-based omnichannel payment gateway. The deal expands EVO’s tech-enabled payment capabilities and broadens its independent software vendor (ISV) network across the UK, Ireland and Continental Europe; terms were not disclosed.
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July 29, 2021
- Buyer
- Greenbox Capital
- Target
- Level Up Funding
- Industry
- Payments & Fintech
- Location
- Colorado, United States
- Type
- Buyout
Miami-based fintech Greenbox Capital has acquired Level Up Funding to strengthen its alternative lending capabilities and accelerate product expansion. The deal brings Level Up's founders and staff into Greenbox to help roll out a line-of-credit product, expand into new international markets, and enhance Greenbox's proprietary lending platform, The Box.
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July 22, 2021
- Buyer
- Visa Inc.
- Target
- Currencycloud
- Industry
- Payments & Fintech
- Location
- United Kingdom
- Type
- Buyout
Visa Inc. completed the acquisition of Currencycloud, a London-based cloud payments and FX API platform, to strengthen Visa's foreign-exchange and cross-border payments capabilities. Currencycloud will continue to operate from its London headquarters and serve banks, fintechs and businesses globally; the deal builds on an existing strategic partnership between the two companies.
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July 14, 2021
- Buyer
- Payroc WorldAccess, LLC (Payroc)
- Target
- DCS Holdings Group, LLC d/b/a ACHeck21
- Industry
- Payments & Fintech
- Location
- Missouri, United States
- Type
- Buyout
Payroc WorldAccess (Payroc), a global payments processor, has acquired DCS Holdings Group, LLC d/b/a ACHeck21, a St. Charles, Missouri-based provider of ACH, check capture and verification technology. The acquisition expands Payroc's integrated payments capabilities by adding ACHeck21's eCheck/ACH platform and open API to Payroc's card and eCheck offerings.
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July 13, 2021
- Buyer
- Quext
- Target
- Viva Equity
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Type
- Buyout
Quext, a Lubbock-based proptech platform, acquired a majority stake in fintech Viva Equity to integrate Viva's digital banking products (Viva First and Relm) and embedded finance capabilities into Quext’s multi-family property management platform. The deal aims to improve resident financial inclusion—particularly for Latino, student and underserved renter communities—while reducing operating costs for multi-family operators through embedded payments and banking features.
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July 13, 2021
- Buyer
- PROG Holdings, Inc.
- Target
- Four Technologies, Inc. (Four)
- Industry
- Payments & Fintech
- Location
- Florida, United States
- Type
- Buyout
PROG Holdings, the fintech holding company behind Progressive Leasing and Vive Financial, has acquired Four Technologies (Four), a Miami/Aventura-based Buy Now, Pay Later (BNPL) platform. The acquisition adds BNPL capabilities to PROG's suite of payment solutions to expand retailer payment options and diversify its consumer fintech offerings; terms were not disclosed.
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July 12, 2021
- Buyer
- PureCars
- Target
- truPayments
- Industry
- Payments & Fintech
- Location
- Ohio, United States
- Type
- Buyout
PureCars, a martech and advertising intelligence provider backed by Diversis Capital Partners and Stage 1 Ventures, acquired automotive fintech SaaS provider truPayments on July 12, 2021. The deal integrates truPayments' shopping personalization and payment-shopping capabilities into PureCars' martech stack to give dealerships expanded payment data, improved digital retailing and earlier shopper conversion.
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July 12, 2021
- Buyer
- Better HoldCo, Inc.
- Target
- Trussle
- Industry
- Payments & Fintech
- Location
- United Kingdom
- Type
- Buyout
Better HoldCo, Inc. (“Better”) announced its planned acquisition of UK-based digital mortgage and insurance broker Trussle. The deal is intended to accelerate Better’s entry into the UK mortgage market by combining Trussle’s local presence, management team, and mortgage technology with Better’s platform and analytics.
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- Buyer
- Spartan Acquisition Corp. II, Apollo Global Management (affiliate / sponsor)
- Target
- Sunlight Financial (Sunlight Financial LLC / Sunlight Financial Holdings Inc.)
- Industry
- Payments & Fintech
- Location
- North Carolina, United States
- Type
- Recapitalization
Sunlight Financial closed its previously announced business combination with Spartan Acquisition Corp. II, creating Sunlight Financial Holdings Inc., which will begin trading on the NYSE under the ticker SUNL. The transaction was supported by Spartan's cash-in-trust and a $250 million PIPE from institutional and accredited investors; Spartan is sponsored by funds managed by an affiliate of Apollo Global Management.
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- Buyer
- Prophecy DeFi Inc.
- Target
- Layer2 Blockchain Inc.
- Seller
- Shareholders of Layer2 Blockchain Inc.
- Industry
- Payments & Fintech
- Location
- Ontario, Canada
- Type
- Buyout
Prophecy DeFi Inc. completed the acquisition of 60% of the issued and outstanding common shares of Layer2 Blockchain Inc., issuing 25,000,000 Prophecy common shares to Layer2 shareholders as consideration. The majority stake gives Prophecy control to accelerate Layer2's DeFi operations — including liquidity provisioning, market making, cross-chain arbitrage and staking — as part of Prophecy's broader decentralized finance investment ecosystem.
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- Buyer
- FTAC Olympus Acquisition Corp., Payoneer Global Inc.
- Target
- Payoneer Inc.
- Industry
- Payments & Fintech
- Location
- United States
- Type
- Buyout
Payoneer completed its business combination with FTAC Olympus Acquisition Corp., resulting in the formation of the public company Payoneer Global Inc. The combined entity began trading on Nasdaq under the ticker symbols PAYO (common stock) and PAYOW (warrants). The transaction included a $300 million PIPE investment from multiple institutional investors.
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- Buyer
- Payroc WorldAccess, LLC (Payroc)
- Target
- Beanstalk Payment Technologies
- Industry
- Payments & Fintech
- Location
- California, United States
- Type
- Buyout
Payroc WorldAccess, LLC acquired the debit payment routing intelligence and team from Beanstalk Payment Technologies, integrating Beanstalk’s cloud-based API and analytics into Payroc’s full-stack payment platform. The acquisition is intended to expand Payroc’s debit routing and cost-optimization capabilities for merchants, payfacs, and ISVs.
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June 22, 2021
- Buyer
- Repay Holdings Corporation
- Target
- Kontrol Payables
- Industry
- Payments & Fintech
- Location
- South Carolina, United States
- Type
- Buyout
Repay Holdings Corporation (REPAY) acquired Kontrol Payables for up to $11 million (approximately $8 million paid at closing) to expand its B2B accounts payable automation and payments capabilities. Kontrol, founded in 2011, provides integrated AP automation with 30+ ERP integrations and a supplier network of over 13,000, and is expected to process roughly $300 million of virtual card volume in 2021.
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June 22, 2021
- Buyer
- EQT Growth (EQT AB)
- Target
- Mollie
- Industry
- Payments & Fintech
- Location
- North Holland, Netherlands
- Type
- Growth capital
EQT Growth (via EQT AB) has invested in Mollie as part of the company’s $800 million Series C financing that values the Amsterdam-based payments provider at about $6.5 billion. The growth investment will support Mollie’s continued product and engineering investment and accelerate its geographic expansion across Europe as it scales its payments platform for SMEs and e-commerce merchants.
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