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Billtrust , which works in accounts receivable automation and integrated B2B payments, has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp. Billtrust works to provide cloud-based software and integrated payment solutions to help streamline and automate B2B commerce.
This week's look at the latest in partnerships finds players in the SMB financial services landscape embracing a range of avenues to collaboration — including mergers and acquisitions (M&A) — to connect SMBs to financing, digital banking services and more. Lloyds Pilots Satago Technology. Orange Bank Acquires Anytime.
Corporate mergers and acquisitions (M&A) activity has broken a new record this year, according to the latest data from Jeff Golman, vice chairman of Mesirow Financial. 21), Golman noted that not only is corporate M&A at its highest level ever, it also accounts for the largest-ever portion of total M&A activity.
Convenience Store M&A Deals Rev Up Despite COVID-19. billion of consolidation arrangements announced in the last four months, as a pandemic-related mergers & acquisitions (M&A) pause concludes and coronavirus changes consumer demand. Plus, the convenience store vertical has seen $21.7 for $645 million.
Paya , an eCommerce FinTech, plans to go public through a special kind of merger with an investment company, according to a press release. Paya is set to merge with FinTech Acquisition Corp. III , which is a special-purpose acquisition company. The deal values Paya at about $1.3 billion, according to the release.
Procurement and financial process automation firm Corcentric announced a new credit facility that it secured as it prepares to invest in expansion. “We’re continually investing in further improving our technology and solutions, benefiting our customers as we help them to transform procurement, accounts payable and billing.”
However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money.
Jeffrey Smith , the hedge fund’s founder, chief executive officer and chief investment officer , called the payments firm an “attractive” takeover candidate during the Capitalize for Kids virtual investors conference. The valuations paid for recent acquisitions exceeds the multiple that ACI is currently trading at,” he said.
Despite continued headwinds from the pandemic, which continue to suppress corporate spend around the world, commercial payments technology firm FLEETCOR is retaining an optimistic outlook for 2021 thanks to evidence of a trajectory of recovery, continued modernization efforts, and an aggressive mergers and acquisitions (M&A) strategy ahead.
Today in B2B payments, corporate acquirers get creative with technology in a pandemic world, while BBVA upgrades its expense management offering. Third-quarter mergers and acquisitions reportedly rang up $1 trillion worth of deals globally. Corporate Buyers Take On COVID World With Pandemic Technology. 23) announcement.
Supply chain payments company Tradeshift is reportedly vying for an acquisition of Finnish eInvoicing and B2B payments company Basware. Tradeshift secured $250 million in Series E funding earlier this year, with the investment led by Goldman Sachs and the Public Sector Pension Investment Board.
As small businesses embrace a strengthening economy, there is another reason for entrepreneurs to be optimistic: Some advisors say it’s the best M&A market they have ever seen, certainly in recent years, and even small business owners who aren’t yet ready to retire are looking to take advantage.
Tradeshift , a company that provides supply chain payments and digitization solutions, announced the acquisition of partner Babelway on Tuesday (Dec. “We believe that B2B commerce should be connected, digital and flexible,” said Tradeshift CEO and Co-founder Christian Lanng in a statement.
As noted in this space , the entity fashioned by the merger would take its place as the fifth largest retail bank in the country, and with a presence that spans 24 states, and with a combined asset base of about $560 billion. And, generally speaking, the strategy that exists in M&A boils down to a binary choice: build vs. buy.
In 2017, K1 Investment Management announced a $125 million investment to merge Nexonia, ExpenseWatch and Tallie all under the Certify brand, following the 2016 merger of Tallie and Nexonia. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. The company saw Bessemer Venture Partners lead the investment, while US Venture Partners, Costonoa Ventures, PeakSpan Capital, Hyde Park Angels and OurCrowd also participated, according to reports.
One report from Bain and Company, released last week, highlighted how Chinese companies are deploying more strategic, sophisticated merger and acquisition (M&A) strategies in the wake of trade disputes with the U.S. It may result in fewer acquisitions, but those takeovers are more likely to be successful, analysts said.
Analysts at the financial institution (FI) said they expect mergers and acquisitions (M&A) activity to heat up, and corporate finance teams must be prepared — both to strategically deploy capital for acquisitions, and to anticipate being a takeover target themselves. ” The report stated that Citi estimates $10.6
Seeking Investment Opportunities. Trovata, for instance, recently announced an integration with ICD , a short-term investment platform, in a move that aims to "better incorporate data investment into [treasurers'] forecasts," Turner said. Corporates' investment opportunities are shifting dramatically, however.
Mergers and acquisitions (M&A) advisory firm Equiteq announced that it advised The Shelby Group , an eProcurement transformation and optimization consulting firm, on a recent growth investment from Boston-based private equity firm WestView Capital Partners , according to a press release.
According to Reuters , long-term debt from major mergers and acquisitions ( M&A ), as well as slow repayment of that debt, has led to a number of downgrades — with some companies reaching the lowest investment grade ratings or even meeting junk status. companies are opting for term loans.
Earnings-per-share (EPS) landed at $2.78, surpassing Zacks Investment Research expectations for $2.71 Moving forward, Clarke emphasized the company’s continued focus on mergers and acquisitions (M&A) to drive growth, with several “active deals” on FLEETCOR’s M&A roadmap.
The combined company will initially roll out in Singapore , though they plan to expand throughout Southeast Asia, potentially via additional acquisitions or strategic partnerships. Two Singapore-based FinTechs are combining their services to create a unified supply chain financing tool. Reports in Vulcan Post on Thursday (Nov. ” .
Jiang Guorong, former head of China investment banking and vice chairman of Asia investment banking at UBS, will join Citi as chairman and head of its China corporate and investment banking operations, according to a recent memo. Harding-Jones previously served as head of Asia-Pacific M&A at UBS, reports said.
Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said.
Reval offers treasury management solutions that have now become the target of an acquisition. 6) said Reval has entered into an agreement to be acquired by ION Investment Group , run by workflow automation solution provider ION. Reports on Thursday (Oct.
Cloud-based travel and expense report management solution Certify combined with three other corporate travel and expense management companies earlier this year, with parent company K1 Investment Management incorporating Nexonia, ExpenseWatch and Tallie under the Certify name to step up competition with industry leader SAP Concur.
However, the number of banks has steadily declined over the years, partly driven by merger and acquisition (M&A) activity — with much of that consolidation occurring in the community bank market. Community banks are pushing for a stronger role with their small business (SMB) customers. A Consolidating Industry.
The report found 36 percent of mid-market firms — those with annual revenue between $10 million and $150 million — as looking to grow via mergers and acquisitions. The report found 36 percent of mid-market firms — those with annual revenue between $10 million and $150 million — as looking to grow via mergers and acquisitions.
As more businesses join collaborative groups and invest in internal research and development (R&D) to explore using blockchain for new services, some firms have begun to use the technology themselves. That data includes company names, share counts and corporate activity like mergers and acquisitions (M&A), reports said.
Recent years have seen the Alliance grow significantly due to merger and acquisitions (M&A) activity, reports said, with some analysts calling into question how the Alliance is funding those investments. That has drawn questions over Wyelands’ trade financing operations. Wyelands entices new customers with up to 1.9
Another $100 million will be used to invest in technology, with the rest funneled to “general corporate purposes” and mergers and acquisitions (M&A), according to reports. Chinese logistics company Best is hoping to raise $930 million through a U.S. They mainly aim to list in the U.S.,
Large, multinational organizations have the resources to embrace disruption and invest in the tools that will bring it, but often find themselves too large to change quickly. Small businesses, while they may struggle to have the resources to invest in the tools they want, can be more agile and flexible to handle changing markets.
Supply chain financing (SCF) is not the sole cause of this increase in days payable outstanding (DPO), however; Fitch noted that other supply chain management strategies, restocking, capital investments, mergers and acquisitions (M&A) and other factors also have an increase in DPO. Defunct U.K. Defunct U.K.
Financial institutions are investing significantly in embracing online banking and supporting a positive digital experience for their end-users. For corporate treasurers of multinational organizations, this task isn’t merely about logging into each online banking portal, either. The Regulatory Impact.
The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. “Lenders’ primary goal is to assess a consumer’s stability, ability and willingness to pay.
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