Tax automation fintech Avalara is to be acquired by global investment firm Vista Equity Partners in an all-cash deal worth $8.4 billion. All of Avalara’s outstanding shares will be purchased by Vista for $93.50 per share, a premium of 27% over the stock’s closing price on July 6, 2022. Avalara’s net debt is included in
Florida-based B2B payments platform Plastiq is to become a publicly traded company following a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corporation. The new company, with an estimated $480 million in value, will continue to be run by CEO Eliot Buchanan and go by the name Plastiq. Plastiq expects the transaction to increase
As the safest and most dependable link to the crypto economy over the past few years, Coinbase has been crucial to the growth and strengthening of crypto markets. The announcement that Coinbase is collaborating with BlackRock, the largest asset manager in the world, is an exciting next step in our journey. Through connectivity with Coinbase
The Solana blockchain has become the latest victim of a crypto fin-crime. Thousands of its users reported their funds being wiped clean and their wallets had been compromised. In the blink of an eye, Solana users lost millions of dollars, some of them even having lost their life savings. By taking advantage of a weakness
Ohio-based KeyBank has tapped fintech Quavo for its QFD automated dispute management platform. When a credit transaction is contested or fraud is discovered, KeyBank will implement the cloud-based QFD system to streamline its fraud and dispute procedures and automate the manual tasks needed, from claim intake and investigation to claim resolution and recovery. “We are
Australian neobank Up Bank has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years. For individuals wishing to make online purchases, Maybuy will generate an automated savings plan. Consumers might choose to purchase the item or choose to save their money
Global fintech investor Portage announced today the launch of a late-stage, fintech-focused Portage Capital Solutions (“PCS”) Fund. Daniel Ballen and Devon Kirk, who are co-heads, will direct the strategy, concentrating on structured opportunities in global fintech and financial services firms and aiming for investments over $50 million. Devon Kirk has almost 20 years of experience
Victor Technologies, Inc. is collaborating with the business to enhance its quick payments strategy, according to a statement from Jack Henry & Associates, Inc. Through its integrated risk management software and APIs for FinTechs to embed financial services, Victor, a subsidiary of MVB Edge Ventures, Inc. and a member of the MVB Bank, Inc. family,
Virgin Money is entering the buy now, pay later arena through the launch of a credit card that lets customers spread repayments over installments while building their credit scores. Virgin is the newest bank to enter the BNPL market, which is rapidly expanding yet divisive due to rising interest rates and the broader economic crisis.
Solarisbank, a European fintech platform, has disclosed that the company has changed its name to “Solaris.” The business stated that the rebrand symbolizes its development. The financial platform has been able to expand its staff to over 750 people amidst the most recent international expansion initiatives. Nearly a year after raising EUR 190 million in
2C2P, a worldwide payments platform, announced a partnership with rezio, Asia’s premier mobile booking solution for attraction, tour, and activity operators, to expand access to digital payments for its travel clients and their customers. Customers will be able to utilize a variety of payment methods, from cards to mobile wallets, thanks to 2C2P, which will
Aspire, Southeast Asia’s top all-in-one finance operating system has partnered with Know Your Customer, a renowned RegTech supplier, to safely enable access to its financial products for the region’s underserved SMEs and company owners. Over 140 million people are employed by the 70 million micro, small, and medium-sized firms (SMEs) in Southeast Asia, which make
