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PAYMENTS

GOLDFINCH PARTNERS AND BAUPOST CLOSES ACQUISITION OF WESTERN UNION BUSINESS SOLUTIONS FOR $910 MILLION

Goldfinch | March 02, 2022

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Goldfinch Partners LLC and The Baupost Group, LLC announce their milestone achievement by closing the Western Union Business Solutions (WUBS) acquisition for $910 million. WUBS will be renamed Convera as a new standalone B2B global payments company. In 2021, it registered beyond 20 percent revenue gain and payments volume of $170 billion. Patrick Gauthier will be serving as Convera’s CEO. About this news, Mr. Gauthier shared his words. He says, “At Convera, our purpose...

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CRUDE OIL RETREATS ON DOUBTS OVER SUCCESS OF OPEC+ MEETING

Investing.com | April 06, 2020

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Oil markets fell back Monday, as investors reacted with disappointment to the postponement of a meeting of major oil exporters that had been expected to try and balance a flooded market. AT 8:45 AM ET (1245 GMT), U.S. crude futures traded 3.3% lower at $27.38 a barrel, while the international benchmark Brent contract fell 2.5% to $33.26. The meeting was rescheduled over the weekend to Thursday from Monday, amid a war of words between Russia and Saudi Arabia, indicating that bad blood still exist...

Read More

WALL STREET GAINS AS JOB LOSSES STIR TALK OF MORE STIMULUS

Wall Street | March 26, 2020

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Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors’ worst fears, but added to the case for more stimulus to combat the economic impact of the coronavirus pandemic. Initial claims for unemployment benefits rose to 3.28 million last week as lockdowns across the country brought economic activity to a sudden halt and unleashed a wave of layoffs, but were still below estimates ranging as high as 4 million. “It’s unprecedented and t...

Read More

FUNDING

YES LENDER ACQUIRES EDGE FUNDER TO BUILD AN AI-POWERED SMALL BUSINESS FUNDING PORTAL

Yes Lender | July 07, 2021

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Yes Lender has announced the acquisition of Edge Funder, Inc., a FinTech start-up that is revolutionising entrepreneur access to operating capital through its direct-to-merchant finance site. The platform, which is powered by artificial intelligence and proprietary algorithms, provides merchants with several funding choices in less than 60 seconds. Edge Funder also has extensive marketing expertise in boosting online traffic and generating quality leads of merchants in need of operating capital....

Read More
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PAYMENTS

GOLDFINCH PARTNERS AND BAUPOST CLOSES ACQUISITION OF WESTERN UNION BUSINESS SOLUTIONS FOR $910 MILLION

Goldfinch | March 02, 2022

Goldfinch Partners LLC and The Baupost Group, LLC announce their milestone achievement by closing the Western Union Business Solutions (WUBS) acquisition for $910 million. WUBS will be renamed Convera as a new standalone B2B global payments company. In 2021, it registered beyond 20 percent revenue gain and payments volume of $170 billion. Patrick Gauthier will be serving as Convera’s CEO. About this news, Mr. Gauthier shared his words. He says, “At Convera, our purpose...

Read More
news image

CRUDE OIL RETREATS ON DOUBTS OVER SUCCESS OF OPEC+ MEETING

Investing.com | April 06, 2020

Oil markets fell back Monday, as investors reacted with disappointment to the postponement of a meeting of major oil exporters that had been expected to try and balance a flooded market. AT 8:45 AM ET (1245 GMT), U.S. crude futures traded 3.3% lower at $27.38 a barrel, while the international benchmark Brent contract fell 2.5% to $33.26. The meeting was rescheduled over the weekend to Thursday from Monday, amid a war of words between Russia and Saudi Arabia, indicating that bad blood still exist...

Read More
news image

WALL STREET GAINS AS JOB LOSSES STIR TALK OF MORE STIMULUS

Wall Street | March 26, 2020

Wall Street gained more ground on Thursday as the record weekly jobless claims came in below investors’ worst fears, but added to the case for more stimulus to combat the economic impact of the coronavirus pandemic. Initial claims for unemployment benefits rose to 3.28 million last week as lockdowns across the country brought economic activity to a sudden halt and unleashed a wave of layoffs, but were still below estimates ranging as high as 4 million. “It’s unprecedented and t...

Read More
news image

FUNDING

YES LENDER ACQUIRES EDGE FUNDER TO BUILD AN AI-POWERED SMALL BUSINESS FUNDING PORTAL

Yes Lender | July 07, 2021

Yes Lender has announced the acquisition of Edge Funder, Inc., a FinTech start-up that is revolutionising entrepreneur access to operating capital through its direct-to-merchant finance site. The platform, which is powered by artificial intelligence and proprietary algorithms, provides merchants with several funding choices in less than 60 seconds. Edge Funder also has extensive marketing expertise in boosting online traffic and generating quality leads of merchants in need of operating capital....

Read More