Afrinvest West Africa

FINTECH

Mastercard | November 26, 2021

Mastercard (NYSE: MA) today announced it has acquired Arcus FI, an alum of the company’s Start Path program, to help support the delivery of bill pay solutions and other real-time payment applications across Latin America. With offices in New York and Mexico City, Arcus helps to enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. I...

FINANCIAL MANAGEMENT

Invoice2go | July 20, 2021

Bill.com, a leading provider of cloud-based software that simplifies, digitises, and automates complex back-office financial operations for small and medium-sized businesses (SMBs), announced today that it has signed a definitive agreement to acquire Invoice2go for approximately $625 million in stock and cash. Invoice2go is a major provider of mobile-first accounts receivable (AR) software that enables small businesses and freelancers to expand their client base, manage invoicing and payments, e...

PAYMENTS,BLOCKCHAIN

SGH | June 30, 2022

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that it has entered into a definitive agreement with affiliates of Siris Capital Group, LLC, to acquire Stratus Technologies (“Stratus”), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge. Under the terms of the agreement, SGH will pay $225 million in cash at closing and an earn-out payment of up to $50 million, based...

FINTECH

Credit Suisse | July 06, 2021

Credit Suisse will collaborate with Klara on new open banking alternatives. Both firms have been focusing on developing solutions and providing value for their corporate clients, such as seamlessly sharing payment information and online credit applications. According to the announcement, private clients of Credit Suisse will be able to begin digital payments through a one-time opt-in process as a result of the cooperation. These customers can then connect the...