Several important trends that have been going on for a while and have been significantly accelerated by some recent events, including the pandemic, will define the future of banking. To that end, the increased use of mobile banking and electronic wallets and the associated shift away from cash will continue, especially in developing nations with
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
Companies all throughout the world, particularly retailers, wholesalers, transporters, and logistics service providers, are experiencing the effects of increased fuel prices. Diesel prices increased by 65% in the US, 58% in Canada, 28% in Germany, and 36% in the UK in May 2022 compared to the same month last year. Few businesses have made major
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
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
According to the BLS-Labor Statistics, the number of people over 75 in the labor force is expected to grow by 96.5% by 2030.
The first question a student has when taking these disciplines is, “What are the similarities and differences between accounting and economics?” Both fields mostly work with numbers. However, accounting is concerned with gathering, evaluating, and disclosing income and costs. The production, consumption, and transportation of goods are the main topics of economics, a subfield of
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
CEOs from our portfolio companies Command Alkon, Talend, and RealPage tell their stories of how investing in digital transformation revolutionized their capabilities.
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
