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Weekend Reading For Financial Planners (Oct 15-16)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Cost Of Living Adjustment (COLA) for Social Security beneficiaries will be 8.7% Why accounting firms have become hot acquisition targets for RIAs.

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Lightyear Forms ProfitSolv To Acquire Billing, Payments Solutions

PYMNTS

Vassallo , managing partner of Lightyear, said the work with ProfitSolv “reflects our long-term investment thesis that embedding payment solutions in vertically integrated, sector-specific software will continue to gain market share from more traditional software providers.”. “We billion for the legal vertical alone.

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Today In B2B: Revolut Debuts New Business Feature; MonetaGo Targets Trade Finance Fraud

PYMNTS

Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Serent Capital Invests In Procurement Partners. ImagineTime, Mango Billing Partner On Digital Accounting. MonetaGo, GUUD Team On Secure Transactions.

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In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space. As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85

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