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CORE BANKING

Rev, Searchlight Capital and Netspend | August 08, 2022

Rêv Worldwide, Inc., an international fintech company, and Global Payments, a leading worldwide provider of payment technology and software solutions, announced that Rêv, in partnership with funds advised by Searchlight Capital Partners, L.P., has entered into a definitive agreement to acquire the Netspend consumer business from Global Payments in an all cash transaction valued at $1 billion. The acquisition brings back Netspend’s founders, Roy and Bertrand Sosa, who also found...

BLOCKCHAIN

CloudWalk | June 28, 2022

CloudWalk, a Brazilian fintech company that offers payment solutions for small and medium-sized businesses, has reached a new milestone: it will launch its own blockchain, a ledger that records cryptocurrency transactions and operations. This announcement comes just seven months after CloudWalk announced it had raised US$150 million in a new investment round and had reached a market valuation of US$2.15 billion. To grow the business is the objective, which has already been accompl...

FINTECH

Fintainium | August 17, 2021

Fintainium Inc. announced today the conversion from venture debt to equity by Aspire Fund Management, a Trinidad & Tobago-based Private Equity and Financial Advisory company that bridges the gap between Investors and next-generation innovative, transformative businesses. As part of the agreement, Aspire Fund Management and its partnerships will integrate Fintainium's robust suite of solutions, which will include AP and AR workflow automation, real-time cross-border payments, and on-platf...

PAYMENTS

Paystone | January 27, 2022

Paystone announces the acquisition of Canadian Payment Services (CPS), one of the fastest growing providers of Canadian merchant services. This acquisition is the sixth addition to Paystone’s burgeoning portfolio of acquisitions, having acquired five other businesses in the past two years including Montreal-based DataCandy and Vancouver-based NiceJob. “This is the largest acquisition we’ve made to date in relation to both new revenue and clients,” explains ...