A renowned software investment firm, Thoma Bravo, has entered into a definitive agreement to purchase Ping Identity, a supplier of the Intelligent Identity solution for the enterprise, for $28.50 per share in an all-cash deal with an Enterprise Value of almost $2.8 billion. The offer is valued at about 63 percent more than Ping Identity’s
Revolut, the financial super-app with 20 million customers worldwide, today announced another push to the platform’s investment offering with the release of 22 new crypto tokens. With these latest additions, Revolut’s cryptocurrency service now supports 80+ coins, an increase of x8 when compared to the beginning of 2021. The newly announced cryptocurrency includes the Metaverse
Savana, a financial software player that helps banks and fintechs go digital, has raised $45 million in a Series A funding round led by growth-stage investor Georgian. Fiserv, a major player in the fintech industry and a reseller of Savana, participated in the round. A bank’s technological ecosystem is supposed to be “orchestrated” by Savana’s
Global Payments Inc., a leading worldwide provider of payment technology and software solutions, and EVO Payments, Inc., a leading global provider of payment technology integrations and acquiring solutions, today announced that Global Payments will acquire EVO in an all-cash transaction for $34.00 per share. The deal will increase Global Payments’ target addressable markets significantly, strengthen its
In the world of cryptocurrencies, fraudulent activity is still unchecked. Crypto trading apps are offered by organizations like Apple and Google. As thieves increasingly produce fake apps with names and logos, there has been an increase in fake apps based on these two. Apple and Google Call for Scrutiny Who provides this original(the logos, access
Gemini, a cryptocurrency exchange, has partnered with Plaid, open banking, and payments platform, to provide UK consumers the opportunity to purchase cryptocurrency using their bank accounts. The action emphasizes the growing prominence of cryptocurrencies in the financial ecosystem and encourages more everyday customers to diversify their holdings in digital assets. Customers won’t need to submit
Bank of America, BNY Mellon, and Citi announced a $20 million investment in Genesis Global, the low-code application development platform created specifically for companies in the financial markets. Following the company’s $200 million Series C funding announced in February, several key investments were made. “This strategic support from Bank of America, BNY Mellon and Citi
In order to advance digitalization across Global Transaction Banking services, Santander Corporate and Investment Banking (Santander CIB) and SAP Spain have formed a strategic partnership. The two companies will work together to develop solutions around the idea of invisible banking, enhance client-to-bank connectivity, offer financial tools to help their clients worldwide navigate supply chain disruptions,
$40 million Series B fundraising round headed by Valar Ventures, the London-based social and community-based investing app Shares is eyeing European expansion and a move into cryptocurrency. Two months after the app’s UK launch, the round, which brought Shares’ total funding to $90 million in just over a year, was announced. The startup’s software, which
The largest international bank in the UK, Barclays, has closed a long-running negotiation with investors in the round that had been postponed since November by investing in cryptocurrency custody startup Copper’s most recent round. This brings to an end a delay of more than nine months for Copper’s $500 million Series C investment round, for
SumUp, the financial partner for over 4 million small businesses worldwide, today announced the launch of SumUp Magic Pay, a QR code payment solution for the hospitality sector. After the epidemic, guest behavior in the hospitality industry changed. As the market gradually began to open again, it became clear that we had become accustomed to scanning
One of the top points of sale finance companies in the UK, Novuna Consumer Finance, and UK-based checkout finance platform provider Divido have partnered to allow retailers to offer their consumers affordable white-labeled financing. The collaboration combines the 40+ years of retail finance experience of Novuna Consumer Finance with the distinguished technology of Divido. With
