Payments & Fintech Acquisitions in 2025

  • December 14, 2025
    Buyer
    Mollie
    Target
    GoCardless
    Location
    Netherlands
    Type
    Buyout

    Mollie has signed an agreement to acquire bank payments company GoCardless to create a unified European payments and bank payment platform. The combined platform will combine card payments, local payment methods, and bank payments under a single provider and is expected to be finalized in mid-2026, subject to regulatory approvals.

  • Buyer
    Balance
    Target
    Digital Value Transfer Rails (DVTR)
    Type
    Buyout

    Balance, Canada’s oldest and largest digital asset custodian, has acquired Digital Value Transfer Rails Inc. (DVTR), a Wyoming-based, multi-state licensed digital asset custodian and money transmitter. The deal, completed December 11, turns DVTR into a wholly owned subsidiary and gives Balance immediate regulatory reach across most U.S. states, adding trading, staking and money-transmission capabilities to its institutional offering.

  • Buyer
    Airwallex
    Target
    PT Skye Sab Indonesia
    Location
    DKI Jakarta, Indonesia
    Type
    Buyout

    Airwallex has acquired majority ownership of PT Skye Sab Indonesia, an Indonesian PJP Category 1 licensed payments (e-money) company, strengthening its payments licences and on-the-ground presence in Indonesia. The deal expands Airwallex's Asia‑Pacific footprint and supports cross-border services for Indonesian merchants as the company scales following a $330M Series G raise.

  • Buyer
    Nexo
    Target
    Buenbit
    Location
    Argentina
    Type
    Buyout

    Nexo announced it has acquired Buenbit, a CNV-registered virtual asset service provider and one of Latin America’s fastest-growing crypto platforms. The deal combines Nexo’s crypto wealth-building product suite with Buenbit’s local compliance expertise and customer base to support Nexo’s Latin America expansion, with Buenos Aires positioned as a regional hub.

  • Buyer
    Kraken
    Target
    Backed Finance AG
    Location
    Switzerland
    Type
    Buyout

    Kraken has agreed to acquire Backed Finance AG, bringing the issuer of xStocks into Kraken’s platform to expand tokenized equities across global markets. The deal is intended to unify issuance, trading, and settlement for xStocks and accelerate scaling of compliance and institutional access to tokenized real-world assets.

  • Buyer
    Paribu
    Target
    CoinMENA
    Location
    Bahrain
    Type
    Buyout

    Paribu, Türkiye's leading digital asset platform, has acquired CoinMENA, the largest local crypto exchange in the MENA region, in a deal valuing CoinMENA at up to USD 240 million. The acquisition gives Paribu licensed operations in Bahrain and Dubai, expands its regulated footprint into MENA, and provides access to CoinMENA's ~1.5 million users and institutional capabilities.

  • Buyer
    Element Fleet Management Corp.
    Target
    Car IQ
    Type
    Buyout

    Element Fleet Management Corp. has signed a definitive agreement to acquire Car IQ, a San Francisco-based connected vehicle payments technology company. The acquisition will embed vehicle-initiated payments into Element’s fleet management ecosystem and expand Element’s digital payments roadmap across the United States and Canada, with closing expected in December 2025.

  • November 27, 2025
    Buyer
    Paxos
    Target
    Fordefi
    Type
    Buyout

    Paxos has acquired Fordefi, an institutional multi-party computation (MPC) wallet platform trusted by nearly 300 institutions. The deal combines Paxos' regulated blockchain and custody infrastructure with Fordefi's MPC wallet technology, enabling a unified platform for tokenization, stablecoin issuance, custody, and on-chain payments; terms were not disclosed.

  • Buyer
    Public
    Target
    Alto (CryptoIRA business)
    Seller
    Alto
    Type
    Buyout

    Public has agreed to acquire Alto’s CryptoIRA business to expand Public’s cryptocurrency offering, enabling crypto trading within IRAs beginning in early 2026. Customers will continue using the Alto interface for now as CryptoIRA accounts migrate to Public’s platform, and Alto’s technology will be integrated into Public over subsequent months.

  • November 12, 2025
    Buyer
    Rain
    Target
    Uptop
    Type
    Buyout

    Rain has acquired Uptop, an on-chain card-linked rewards platform, integrating native loyalty capabilities into its stablecoin-powered payments and card/wallet infrastructure. Uptop will continue operating as an independent brand under Rain and the acquisition expands Rain's ability to offer branded card and wallet programs with built-in rewards across sports, retail, travel, dining, and entertainment.

  • Buyer
    Reseda Group, MSU Federal Credit Union
    Target
    Tandem
    Type
    Buyout

    Reseda Group, a credit union service organization owned by MSU Federal Credit Union, has acquired Tandem, an Ann Arbor-based fintech app that helps couples manage shared finances. Tandem's founders will join Reseda Group as vice presidents as the company integrates the app into a broader family banking ecosystem aimed at Gen Z and Millennial couples and expanding into multi-generational household financial tools.

  • November 7, 2025
    Buyer
    Paystand
    Target
    Bitwage
    Type
    Buyout

    Paystand, a blockchain-powered B2B payments network, has acquired Bitwage, a platform for stablecoin-enabled cross-border payouts. The acquisition embeds Bitwage’s payout engine into Paystand’s AR/AP and treasury stack to enable enterprise-grade stablecoin settlement, faster cross-border payouts, and automated on-chain reconciliation for global customers.

  • Buyer
    Corpay, Inc.
    Target
    Alpha Group International plc
    Location
    United Kingdom
    Type
    Buyout

    Corpay completed its acquisition of Alpha Group International plc in a deal valued at about $2.4 billion. Alpha provides B2B cross-border FX solutions and global bank accounts, and Corpay expects to expand Alpha’s investment-manager relationships into the US and Asia while driving accretion beginning in 2026.

  • Buyer
    Great Hill Partners
    Target
    Ren

    Great Hill Partners has made a strategic growth investment in Ren, a leading donor-advised fund (DAF) technology and philanthropic infrastructure provider, to support product innovation, operational scale, and market expansion across financial advisors, wealth managers, and philanthropic institutions. Financial terms were not disclosed; Great Hill partners Nick Cayer, Matt Vettel, and Bob Anderson will join Ren’s board alongside existing representatives from Bain Capital, Valeas Capital, and Amy Danforth, while Bain Capital Tech Opportunities remains a significant shareholder.

  • Buyer
    ACI Worldwide
    Target
    Payment Components
    Location
    Greece
    Type
    Buyout

    ACI Worldwide has acquired Payment Components, a Greece-founded fintech provider of AI-driven financial messaging, open banking and A2A payments software, to expand the capabilities of its ACI Connetic payments platform. The acquisition — terms not disclosed and not expected to be materially financial — will integrate Payment Components' technology, IP and team to accelerate payments orchestration, messaging and AI capabilities for banks and financial institutions.

  • Buyer
    Lettuce
    Target
    Besolo
    Type
    Buyout

    Lettuce, an AI-powered financial platform for solopreneurs, raised $28 million in a funding round led by Zeev Ventures and acquired benefits-access startup Besolo. The acquisition adds healthcare benefits (health, dental, vision, life) capabilities to Lettuce’s platform as it expands its product suite for independent professionals.

  • Buyer
    Ripple
    Target
    Palisade
    Location
    England, United Kingdom
    Type
    Buyout

    Ripple has acquired Palisade, a London-based digital asset wallet and custody technology company, to bolster Ripple Custody with wallet-as-a-service capabilities. The deal integrates Palisade's MPC-based, multi-chain wallet tech into Ripple Payments, expanding Ripple's ability to serve fintechs, corporates, and crypto-native institutions with faster wallet provisioning and high-frequency transaction support.

  • Buyer
    AscendantFX Capital
    Target
    Financial Transmission Network (FTNI)
    Type
    Buyout

    AscendantFX Capital has acquired Financial Transmission Network (FTNI), integrating FTNI's ETran receivables platform with Ascendant's aPay global payables solution to create an end-to-end payments offering. The deal expands Ascendant's capabilities in payables and receivables automation and positions the combined business as a more comprehensive payments technology provider.

  • October 23, 2025
    Buyer
    Fireblocks
    Target
    Dynamic
    Type
    Buyout

    Fireblocks, the enterprise digital-asset infrastructure provider, has acquired Dynamic, a developer platform that powers embedded wallets and on-chain accounts. The deal brings Dynamic's ~30-person team and consumer-facing wallet, onboarding, and developer tools into Fireblocks to create a unified custody-to-consumer stack for fintechs, enterprises, and payment platforms.

  • Buyer
    Modern Treasury
    Target
    Beam
    Location
    United States
    Type
    Buyout

    Modern Treasury has acquired Beam, a stablecoin and fiat payment platform, to integrate stablecoin orchestration and real-time payment rails into its payment operations API. The acquisition brings Beam's technology and team (including founder Dan Mottice) into Modern Treasury to expand capabilities for instant pay-ins, payouts, FX efficiency, and enterprise treasury use cases.

  • October 22, 2025
    Buyer
    TrueLayer
    Target
    Zimpler
    Location
    Sweden
    Type
    Buyout

    TrueLayer has signed an agreement to acquire Zimpler, the fastest-growing Pay by Bank network in the Nordics. The deal aims to expand TrueLayer’s pan-European reach, add coverage across key markets including Sweden and Finland, and integrate additional A2A capabilities via Sweden’s Swish payment rail.

  • Buyer
    Bizcap, NewCo Capital Group
    Target
    8fig
    Type
    Buyout

    Bizcap, together with its U.S. affiliate NewCo Capital Group, has acquired fintech 8fig, integrating the AI-driven e‑commerce funding and planning platform into the Bizcap Group while preserving 8fig's brand and leadership. The deal strengthens Bizcap's AI underwriting and cash‑flow planning capabilities to accelerate product development and global expansion in SME non‑bank lending.

  • Buyer
    mPWR
    Target
    La Lenderia, S.A.P.I. de C.V. (Kredeo)
    Location
    Mexico
    Type
    Buyout

    mPWR, a mobile-first fintech platform, announced the acquisition of La Lenderia, S.A.P.I. de C.V. (“Kredeo”), a Mexico-based consumer lending, leasing, and payments fintech. The all-equity deal is subject to agreed conditions and is expected to close imminently, giving mPWR 100% ownership upon completion.

  • Buyer
    Payroc WorldAccess, LLC
    Target
    BlueSnap
    Type
    Buyout

    Payroc WorldAccess, LLC signed a definitive agreement to acquire BlueSnap, a Boston-based payment orchestration and accounts receivable (AR) automation platform. The acquisition combines Payroc’s direct-connect acquiring network with BlueSnap’s API-first orchestration to deliver a single-integration solution for cross-border card-not-present payments and embedded invoicing/AR automation. Payroc later announced the transaction has closed, with BlueSnap’s team and technology operating as part of Payroc effective immediately.

  • Buyer
    Riata Capital Group
    Target
    Government Window

    Riata Capital Group, a Dallas-based private equity firm, has made a strategic growth investment in Government Window, a Kennesaw, Georgia-headquartered cloud-based payments platform serving state and local governments. The investment will support Government Window's geographic expansion across the U.S. and continued product buildout of its payments software and related services.

  • Buyer
    Juniper Square
    Target
    Tenor Digital
    Type
    Buyout

    Juniper Square has acquired Tenor Digital, an AI-enabled platform for private credit lenders and loan administrators, to integrate Tenor’s loan servicing, reporting, and reconciliation tools into Juniper Square’s fund administration and JunieAI platform. The deal expands Juniper Square’s capabilities and market reach into the fast-growing private credit sector and brings Tenor’s founding team, including CEO Tony Chung, into Juniper Square leadership.

  • Buyer
    Lovell Minnick Partners
    Target
    Valor PayTech

    Funds managed by Lovell Minnick Partners have made a strategic growth investment in Valor PayTech, the point-of-sale software and payment technology provider. Valor will remain led by CEO Eric Bernstein and will use the capital and LMP's operational support to scale operations, accelerate innovation, and pursue strategic investments and acquisitions.

  • Buyer
    BankCard USA Merchant Services, Inc., Preferred Payments, Inc.
    Target
    BankCard USA Merchant Services, Inc., Preferred Payments, Inc.
    Type
    Buyout

    BankCard USA Merchant Services and Preferred Payments have merged and will operate jointly as Ecrypt Inc., combining BankCard USA's merchant portfolio and sales force with Preferred Payments' payment gateway and cloud EMV technology. The combined company, based in Agoura Hills, California, will offer end-to-end payment processing, subscription billing, advanced security (including AI-driven fraud protection and tokenization), and dedicated U.S.-based account management.

  • Buyer
    Lovell Minnick Partners
    Target
    Merchant Industry, LLC
    Seller
    Founders of Merchant Industry (including Leo Vartanov)
    Type
    Buyout

    Funds managed by Lovell Minnick Partners (LMP) have completed a majority acquisition of Merchant Industry, a U.S.-based fintech payments company. Founders retain a substantial minority stake and LMP appointed Vaden Landers as CEO to lead a growth and capability expansion strategy focused on distribution expansion and strategic M&A.

  • Buyer
    Valsoft Corporation
    Target
    CORE Cashless
    Type
    Buyout

    Valsoft Corporation has acquired CORE Cashless, a provider of cashless payment, POS, kiosk and access-control systems for the amusement and leisure industries. CORE Cashless will operate autonomously within Valsoft’s Aspire Software operating group to accelerate product development and global growth while preserving existing leadership and customer relationships.

  • September 18, 2025
    Buyer
    Informativ
    Target
    Carmatic
    Type
    Addon

    Informativ, a Capstreet-backed provider of fraud prevention, compliance, and credit technology for the automotive industry, has acquired Carmatic, a payments-as-a-service platform that delivers real-time, transaction-ready loan and lease payments. The deal brings Carmatic's VIN-level payment engine and decisioning capabilities into Informativ's suite to accelerate transactions, reduce risk, and expand payment/product capabilities for dealers and channel partners.

  • Buyer
    Xplor Technologies
    Target
    Ezypay
    Type
    Buyout

    Xplor Technologies signed a definitive agreement to acquire Ezypay, a provider of recurring payment solutions and subscription management, to enhance Xplor’s global payment processing platform (Xplor Pay). The acquisition is expected to close in December 2025, subject to customary conditions and regulatory approvals, and will expand Xplor’s ability to support SaaS platforms entering and operating across Asia-Pacific markets.

  • September 15, 2025
    Buyer
    MoonPay
    Target
    Meso
    Type
    Buyout

    MoonPay has acquired Meso, a payments infrastructure startup that helps developers connect banks and card rails to crypto applications. The deal brings Meso’s engineering team and capabilities into MoonPay as the company advances its goal of building a single global payments network connecting banks, card networks, stablecoins and blockchains.

  • Buyer
    Atlanticus Holdings Corporation
    Target
    Mercury Financial LLC
    Type
    Buyout

    Atlanticus Holdings Corporation has acquired Mercury Financial LLC for approximately $162 million in cash (with potential earn-outs tied to future credit performance), making Mercury a wholly owned subsidiary. The deal adds 1.3 million serviced credit card accounts and $3.2 billion in receivables, expanding Atlanticus' presence in the near-prime credit card market and providing additional technology, distribution partnerships, and scale.

  • Buyer
    Solowin Holdings
    Target
    AlloyX
    Seller
    AlloyX founding team and strategic investors (all selling shareholders)
    Location
    Hong Kong
    Type
    Buyout

    Solowin has completed a $350 million acquisition of AlloyX, a stablecoin infrastructure provider, integrating AlloyX's enterprise-grade stablecoin platform, RWA tokenization tools, and global payment network into Solowin's regulated financial services. The deal includes a 12-month lock-up for AlloyX selling shareholders and performance-based incentives tied to future valuation, and positions Solowin to expand stablecoin-driven payments into emerging markets including the UAE, ASEAN and Africa.

  • Buyer
    Aiwyn
    Target
    QuickFee's U.S. payments business
    Seller
    QuickFee
    Location
    United States

    Aiwyn has acquired QuickFee's U.S. payments business, including QuickFee Pay Now and QuickFee Connect, while QuickFee's financing business remains independent. The deal expands Aiwyn's payments and payment-automation capabilities for accounting firms and brings QuickFee's U.S. customers and tools onto Aiwyn's broader platform.

  • September 6, 2025
    Buyer
    Chargebee
    Target
    Inai
    Type
    Buyout

    Chargebee has acquired Inai, a payments intelligence and analytics company, integrating Inai's AI-driven payments observability and optimization into Chargebee's billing and monetization platform. The deal is intended to deepen Chargebee's payments capabilities—helping merchants reduce failed payments, uncover revenue leaks, and streamline payment operations across gateways and geographies.

  • Buyer
    Fiserv, Inc.
    Target
    AIB Merchant Services (AIBMS)
    Seller
    AIB Group
    Location
    Ireland
    Type
    Buyout

    Fiserv agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group, to move to sole ownership. The deal supports Fiserv’s continued European growth and expanding Clover point-of-sale adoption across the region.

  • September 4, 2025
    Buyer
    Fiserv, Inc.
    Target
    CardFree
    Type
    Buyout

    Fiserv, Inc. has acquired CardFree, a mobile ordering, payments, and loyalty platform, to integrate its capabilities into the Clover and Commerce Hub ecosystems. The acquisition enhances Clover's support for hospitality, restaurant and lodging merchants by adding drive-through, kiosk, sub-inventory, and third-party integration capabilities; financial terms were not disclosed.

  • Buyer
    Amazon
    Target
    Axio (formerly Capital Float)
    Location
    Karnataka, India
    Type
    Buyout

    Amazon has completed its acquisition of Axio (formerly Capital Float), a leading digital lending and checkout finance provider in India, following regulatory approval from the Reserve Bank of India. The deal will integrate Axio's lending capabilities with Amazon Pay Later to expand access to checkout financing for consumers and small businesses across India while Axio continues to operate under its current leadership.

  • September 3, 2025
    Buyer
    Airwallex
    Target
    OpenPay
    Type
    Buyout

    Airwallex has acquired OpenPay, a San Francisco-based billing and subscription-management SaaS, to integrate billing, payment orchestration, and revenue analytics into Airwallex's global financial platform. The acquisition adds usage-based and multicurrency billing capabilities to Airwallex's product suite; financial terms were not disclosed.

  • Buyer
    Matica Fintec S.p.A.
    Target
    Panini S.p.A.
    Seller
    SETA Holding
    Location
    Piedmont, Italy
    Type
    Buyout

    Matica Fintec S.p.A. has acquired Panini S.p.A. from SETA Holding, combining Matica's secure payments and identity issuance capabilities with Panini's check-scanning and document digitization technology. The deal is intended to strengthen Matica's banking‑infrastructure and payments portfolio and accelerate growth — particularly in the U.S. — by leveraging complementary manufacturing and software resources.

  • Buyer
    Evertec, Inc.
    Target
    Tecnobank Tecnologia Bancária S.A.
    Location
    Brazil
    Type
    Buyout

    Evertec, Inc. entered into a definitive agreement to acquire a 75% controlling stake in Tecnobank Tecnologia Bancária S.A., a fintech focused on digital vehicle financing contract registration in Brazil. The transaction is valued at R$787 million (about USD $144 million) and is expected to close in the fourth quarter of 2025, subject to customary conditions including Brazilian competition authority approval (CADE).

  • Buyer
    Fifth Third Bancorp (Fifth Third Bank)
    Target
    DTS Connex
    Type
    Buyout

    Fifth Third Bancorp (Fifth Third Bank) has acquired DTS Connex, a provider of cash management software for multi-location businesses, to bolster its Commercial Payments capabilities in cash logistics, infrastructure and risk management. DTS Connex will operate as a wholly owned subsidiary effective August 1, continuing as a standalone business; financial terms were not disclosed.

  • Buyer
    Western Union
    Target
    International Money Express (Intermex)
    Type
    Buyout

    Western Union will acquire International Money Express (Intermex) for about $500 million, paying $16 per share in cash. The deal is expected to close in mid-2026, subject to regulatory and shareholder approvals. Western Union expects the acquisition to expand its retail footprint in the U.S., broaden reach in Latin America, and accelerate digital customer growth, with $30 million in anticipated annual cost savings within 24 months.

  • Buyer
    Fundwell
    Target
    EveryStreet
    Type
    Buyout

    Fundwell has acquired EveryStreet, an accounts receivable, accounts payable and flexible payments platform, bringing EveryStreet's founders and engineering team into Fundwell to expand its cash-flow and payments capabilities. The deal closed in August 2025 and will integrate EveryStreet's receivables/payments technology into Fundwell's funding marketplace to offer SMBs end-to-end cash flow management and financing.

  • Buyer
    Tether Ventures (Tether)
    Target
    Bit2Me
    Location
    Community of Madrid, Spain

    Tether Ventures, the investment arm of Tether, has acquired a minority stake in Bit2Me and is leading a €30 million investment round to support the Spanish crypto platform's expansion. The funding and Bit2Me's new EU CASP authorization under MiCA will fuel the company's growth across the European Union and strengthen its presence in Argentina and other Latin American markets.

  • Buyer
    Marcura, Marlin Equity Partners
    Target
    Brightwell Navigator (Brightwell Payments Inc.)
    Seller
    Brightwell (Brightwell Payments Inc.)
    Type
    Addon

    Marlin Equity Partners’ portfolio company Marcura has acquired Brightwell Navigator, the maritime crew payroll and payments division of Atlanta-based Brightwell Payments Inc. Brightwell Navigator will be merged into Marcura to strengthen its embedded payments and crew payroll capabilities, creating a leading crew payments solution serving over 150,000 seafarers per month.

  • Buyer
    Payroc
    Target
    Agilisa Technologies
    Location
    Santo Domingo, Dominican Republic
    Type
    Buyout

    Payroc has acquired Agilisa Technologies, an API-centric payment gateway headquartered in Santo Domingo, Dominican Republic. The deal expands Payroc's gateway capabilities and strengthens its presence across the Caribbean and Latin America by integrating Agilisa's single-API platform and technical team into Payroc's global processing network.

  • Buyer
    Deluxe
    Target
    CheckMatch
    Seller
    Kinexys by J.P. Morgan
    Type
    Buyout

    Deluxe has acquired CheckMatch, a digital check-delivery service developed by Kinexys by J.P. Morgan, to extend the Deluxe Payment Network (DPN) and digitize paper-check delivery across its lockbox network. The acquisition expands Deluxe's digital lockbox capability and scale, enabling faster electronic processing, reduced postage and handling costs, and broader connectivity with financial institutions and disbursement partners.

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