16 Acquisitions in the FinTech industry
Company acquisitions in the FinTech industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.
In this blog post, we are taking a closer look at 16 acquisitions that took place in the FinTech industry.
Abaca acquired by Safe Harbor Financial
Details about the transaction:
Acquisition amount: $30,000,000
Announcement: 31 October 2022
Details about the company:
The U.S. cannabis sector can use Abaca's banking, payment processing, lending, and treasury management services.
Headquarter:
Where to find them: Website
Industry: Banking, Cannabis, Financial Services, FinTech
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Alchemy acquired by Business Warrior
Details about the transaction:
Acquisition amount: $8,750,000
Announcement: 9 June 2022
Details about the company:
Alchemy offers banking and financial services and is a fintech infrastructure provider.
Headquarter:
Where to find them: Website
Industry: Banking, Financial Services, FinTech
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Coinify acquired by Voyager
Details about the transaction:
Acquisition amount: $84,000,000
Announcement: 2 August 2021
Details about the company:
accepting bitcoin payments and buying cryptocurrency to assist businesses in accelerating expansion.
Headquarter:
Where to find them: Website
Industry: Financial Services, FinTech, Internet, Mobile Payments, Payments, Point of Sale, Virtual Currency
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Coinmama acquired by Wellfield Technologies
Details about the transaction:
Acquisition amount: $40,000,000
Announcement: 24 March 2022
Details about the company:
A banking business called Coinmama enables purchasing digital money quick, secure, and enjoyable from any location in the world.
Headquarter:
Where to find them: Website
Industry: Bitcoin, Blockchain, Financial Services, FinTech
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Coinberry acquired by WonderFi
Details about the transaction:
Acquisition amount: $38,500,000
Announcement: 18 April 2022
Details about the company:
With 0% withdrawal and financing fees, Coinberry is the fastest-growing FINTRAC-registered cryptocurrency trading platform in Canada.
Headquarter:
Where to find them: Website
Industry: Blockchain, Cryptocurrency, Financial Services, FinTech, Information Technology, Software
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Fair Go Finance acquired by MyBucks
Details about the transaction:
Acquisition amount: $2,252,844
Announcement: 18 January 2017
Details about the company:
For regular Australians, Fair Go Finance offers online personal loans.
Headquarter:
Where to find them: Website
Industry: Finance, Financial Exchanges, Financial Services, FinTech
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
MOVA acquired by Experian
Details about the transaction:
Acquisition amount: $7,903,108
Announcement: 16 May 2022
Details about the company:
A fintech startup called MOVA offers services for peer-to-peer lending and online investing.
Headquarter:
Where to find them: Website
Industry: Finance, Financial Services, FinTech, Lending
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Payswiff acquired by Cholamandalam
Details about the transaction:
Acquisition amount: $60,305,596
Announcement: 18 January 2022
Details about the company:
The top omni channel transactions solution provider for small, medium, and big businesses in India is PaySwiff.
Headquarter:
Where to find them: Website
Industry: E-Commerce, Financial Services, FinTech, Mobile, Mobile Payments, Point of Sale, Software
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Rewire acquired by Remitly
Details about the transaction:
Acquisition amount: $80,000,000
Announcement: 16 August 2022
Details about the company:
Rewire is a fintech firm that creates international internet banking cross-platform solutions for migrants.
Headquarter:
Where to find them: Website
Industry: Banking, Financial Services, FinTech, Payments
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
rplan acquired by InvestCloud
Details about the transaction:
Acquisition amount: $20,000,000
Announcement: 11 June 2018
Details about the company:
Rplan offers financial institutions fintech software.
Headquarter:
Where to find them: Website
Industry: FinTech, SaaS
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Roqqett acquired by Equals Group
Details about the transaction:
Acquisition amount: $2,690,930
Announcement: 28 November 2022
Details about the company:
A fintech firm and financial services provider is called Roqqett.
Headquarter:
Where to find them: Website
Industry: Finance, Financial Services, FinTech, Payments
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Tookitaki acquired by Thunes
Details about the transaction:
Acquisition amount: $20,000,000
Announcement: 18 April 2022
Details about the company:
Regtech business Tookitaki provides financial crime detection and prevention to some of the top banks and fintech companies in the globe.
Headquarter:
Where to find them: Website
Industry: Compliance, Finance, FinTech, Predictive Analytics, SaaS, Software
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Tungsten Corporation acquired by Pagero
Details about the transaction:
Acquisition amount: $75,860,274
Announcement: 9 May 2022
Details about the company:
Edmund Truell and Danny Truell established Tungsten Corporation in February 2012.
Headquarter:
Where to find them: Website
Industry: Business Development, Financial Services, FinTech, Market Research
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Uvik Technologies acquired by Infibeam Avenues Limited
Details about the transaction:
Acquisition amount: $9,894,270
Announcement: 1 March 2022
Details about the company:
Your smartphone is converted into a certified, secure PoS by Uvik Technologies.
Headquarter:
Where to find them: Website
Industry: Financial Services, FinTech
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
WealthDesk acquired by PhonePe
Details about the transaction:
Acquisition amount: $50,000,000
Announcement: 17 May 2022
Details about the company:
Business-to-business-to-consumer (B2B2C) investing technology platform WealthDesk.
Headquarter:
Where to find them: Website
Industry: Financial Services, FinTech, Wealth Management
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Xpedize acquired by ClearTax
Details about the transaction:
Acquisition amount: $13,153,664
Announcement: 16 March 2022
Details about the company:
To connect customers and their various suppliers on a shared platform, Xpedize offers proprietary software.
Headquarter:
Where to find them: Website
Industry: Financial Services, FinTech, Software
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.
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