This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
FinTechs are keeping an eye on emerging technologies at the beginning of the year — and predicting how they will impact business-to-business (B2B) payments in 2020. Praeger said it was forecast that the industry would see a decline in merger and acquisition activity in 2019. ePayments.
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.
Merger and acquisition (M&A) activity continues to accelerate as 2019 progresses, both in terms of volume and value of M&A deals. Deloitte research found 79 percent of organizations expect merger activity to grow in the coming year, up from 70 percent that said the same for 2018.
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.
Today in B2B Payments, commercial payments technology firm FLEETCOR reveals $1 billion plans for M&A activity. FLEETCOR Looks To Invest $1B Despite Pandemic M&A Slowdown. FLEETCOR is looking to invest $1 billion this year, despite an M&A slowdown in the payments sector due to the ongoing pandemic.
In B2B payments and corporate finance, it wasn’t only bank-FinTech collaboration that made headlines in 2018. Partnerships, joint ventures, as well as merger and acquisition (M&A) activity between banks, startups, payments firms, technology conglomerates and everyone in between became a popular strategy for tackling friction.
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.
Citing three unnamed sources, reports said Citi is advising on the deal, which could fetch $600 million for the B2B payments operations. The prediction followed Bloomberg reports that Western Union was moving to sell the operations, which provides cross-border B2B payments services. ” .
” In another statement, the firm’s Founder and CEO Doug Clark said the financing will enable the firm to execute its growth strategy, which will include acquisitions “in the U.S. and abroad,” though the company did not elaborate on its mergers and acquisitions (M&A) plans. .
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
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.
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.
Smith said he has noticed the past few years that the payments space is abuzz with M&A fervor by private equity buyers as well as strategic investors. The valuations paid for recent acquisitions exceeds the multiple that ACI is currently trading at,” he said. Activist investor Starboard Value already has 10.5
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.
Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Open Banking.
Small and medium-sized business (SMB) financing company Trade Finance Solution (TFS) is expanding its offering through a new acquisition. Further, TFS plans to continue to pursue merger and acquisition (M&A) deals as part of its growth strategy. The company announced Friday (Jan.
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.
Brex Goes on Acquisition Spree. This week, corporate card startup Brex announced the acquisition of three companies to strengthen its card offering. Archa Collabs With i2c in Australia. Payhawk Explores Open Banking’s Biz Card Opportunity. ” Borisov spoke with PYMNTS on the heels of Payhawk’s announcement of a $3.23
FLEETCOR Preps For M&A Spree. Commercial payments technology firm FLEETCOR is reportedly looking to continue its merger and acquisition spree, reinvigorated by the pandemic that has accelerated the digitization of B2B payments. Emburse Debuts T&E Cards. Pleo Centralizes Card Spend Data.
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.
The acquisition attempt comes just months after the Australian Competition and Consumer Commission (ACCC) prevented a merger attempt between MYOB and another software company, Reckon. million, after the ACCC raised issues of the merger. MYOB also apparently saw opportunity in the failed merger.
Supply chain payments company Tradeshift is reportedly vying for an acquisition of Finnish eInvoicing and B2B payments company Basware. A few weeks later, in August, Basware announced the addition into its solution of NetworkPay, which supports B2B payments for companies receiving eInvoices via Basware.
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.
“The acquisition broadens both the product offering and the customer base on the buy side of the procurement process, whilst also bringing scale of operation on the strategically important supply side of the procurement process,” stated Rod Jones, Proactis chief executive. million, reports said Thursday (Nov.
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.
During the firm’s earnings call, Clarke pointed to initiatives across Fleetcor’s four core business units — fuel, corporate payments, tolls and lodging — via collaborations, mergers and acquisitions (M&A) to drive incremental growth in each area. Total revenues were up 7 percent year over year to $619.6
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. Earlier this month, Coupa announced the acquisition of Yapta in another initiative aimed at streamlining corporate T&E management operations.
Mergers and acquisitions have become a popular way for traditional financial institutions to acquire the technologies developed by smaller FinTechs, not only allowing FIs to build out their offerings, but eliminating the reliance on an API strategy to connect their platforms to third parties.
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 provides a B2B service to help the enterprise deploy various back-office processes without IT support by using its cloud platform. PYMNTS breaks down the latest deals below.
American Express Global Business Travel (GBT) is bolstering its corporate travel and expense management solutions through the acquisition of DER Business Travel. ” Financial terms of the acquisition were not reported. ” Financial terms of the acquisition were not reported.
A court hearing late last week gave the all-clear for CYBG to complete its acquisition of Virgin Money for $2.24 billion, finalizing one of the largest bank mergers since the financial crisis, according to reports in Independent.ie The merger creates the U.K.’s on Monday (Oct. ” said Duffy in a statement. .
market and targeting SME clients through its acquisition of Commonwealth FX. Having acquired Commonwealth, the ability to leverage their licensing structure and sales team to roll out Moneycorp’s transparent, fast, efficient service provision we believe will give us a big advantage for customer acquisition.”.
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.
Partnerships, mergers and acquisitions (M&A) are key strategies for WEX to fuel global growth. Partnerships, mergers and acquisitions (M&A) are key strategies for WEX to fuel global growth. An unspecified systems failure started Wednesday (Feb. 5), prompting some truckers to take to social media.
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
The healthcare and construction industries are among the strong points of FLEETCOR’s corporate payment operations, particularly with 2018 being the first full year with Cambridge Global Payments under the FLEETCOR belt after closing the acquisition in 2017 — a business that showed a “rocking” performance in 2018, said Clarke.
Financial terms of the acquisition were not disclosed, but Asure said it has revised its 2018 financial outlook. ” With regards to the revised fiscal year outlook, Goepel added that the acquisition “is in line with our stated objective of scaling our business both organically and inorganically through strategic acquisitions.”
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. billion loan taken out last March.
But according to Guy Caspi, CEO of cybersecurity company Deep Instinct , machine learning is no longer enough in an age of unprecedented evolution and volume of cybercrime. G DATA researchers recently found that last year a new malware specimen surfaced every 4.6 In the first quarter of 2017, it reduced to every 4.2
In a press release issued Monday (July 1), WEX said its acquisition of Go Fuel Card, the fleet card business of EG Group, is complete, expanding WEX’s presence across the Netherlands, France, Belgium and Luxembourg. Partnerships, mergers and acquisitions (M&A) are key strategies for WEX to fuel global growth.
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.
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. ” .
Data can identify merger and acquisition opportunities, for example, which may be key to helping organizations achieve their financial goals in a low-yield environment. As companies adjust their business models and prioritize risk mitigation, the corporate treasury offers a valuable, forward-looking view into financial futures.
Separately, Citi also said Alison Harding-Jones will join the bank as the new head of Europe, Middle East and Africa mergers and acquisitions (EMEA M&A) and vice chairman of EMEA corporate and investment banking. Harding-Jones previously served as head of Asia-Pacific M&A at UBS, reports said.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content