Octo3 merges with fintech solutions provider Evantagesoft to launch new FTS.Money brand in Asia
Octo3 and Evantagesoft (EVS) Merge to Form FTS.Money
Key Points:Merger and New Brand:Companies Involved: Payment infrastructure firm Octo3 and banking technology solutions provider...
Stripe buys US paytech start-up Lemon Squeezy
Stripe Acquires Lemon Squeezy
Key Points:Acquisition Overview:Acquirer: Stripe.
Target: Lemon Squeezy, a US-based payments platform start-up.
Acquisition Date: Announced recently, exact date undisclosed.
...
Simona Covaliu appointed new CRO of PayU GPO
PayU GPO Appoints Simona Covaliu as Chief Risk Officer (CRO)
Key Highlights:New Appointment:Position: Chief Risk Officer (CRO)
Appointee: Simona Covaliu
Responsibilities: Leading compliance,...
Fortis buys NetSuite payments division of MerchantE
Fortis Acquires MerchantE’s NetSuite Payments Division
Key Highlights:Acquisition Overview:Acquirer: Fortis
Acquired Entity: MerchantE’s NetSuite payments division
Acquisition Sum: UndisclosedAbout MerchantE’s NetSuite Payments...
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
ICYMI Funding Round-Up
CarryFunding: $10 million Series A
Lead Investor: Accomplice VC
Valuation: $65 million pre-money
Purpose: Hiring, R&D initiatives
Additional: Opened $1 million...
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a significant stake in Sokin, a UK-based business payments start-up.
Transaction led by Morgan Stanley Expansion...
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International Partnership
Entities: Diamond Trust Bank (DTB, Kenya) and Network International (digital payments company serving MEA region)
Key...
FCA lifts partner onboarding restrictions on UK fintech Modulr
Key Points:Lifted Restrictions:The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.Original Order:Modulr was ordered to...
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
Key Points:Funding Sources:International Finance Corporation (IFC): $40 million
Other Investors: Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners...
