Visa, Currencycloud | July 23, 2021
Visa announced today that it has entered into a definitive agreement to purchase Currencycloud, a worldwide platform that enables banks and fintechs to provide innovative foreign currency solutions for cross-border payments. Currencycloud is valued at £700 million, including cash and retention incentives, as part of the acquisition, which builds on the two firms' existing strategic cooperation. The financial consideration will be decreased by Visa's existing ownership of Currencycloud's outstanding stock.
Currencycloud's cloud-based platform provides a comprehensive set of APIs that enable banks and financial service providers to provide currency exchange...
Soldo | July 22, 2021
Soldo, the leading European pay and spend automation platform, today announced the completion of a $180 million Series C investment round, a European record in the spend management category. Temasek, a significant global investor headquartered in Singapore, led the funding.
Sunley House Capital, Advent International's crossover fund, and Citi Ventures are among the new investors in the round, which also includes debt funding from Accel, Battery Ventures, Dawn Capital, and Silicon Valley Bank. Goldman Sachs served as Soldo's exclusive placement agent for the transaction.
Despite the adverse macroeconomic situation, this investment follows a 4x increase in...
BlackLine | July 21, 2021
BlackLine, Inc., a leader in accounting automation software, and Kyriba, a global leader in cloud-based finance and IT solutions, announced today that they are collaborating to streamline the digitalization of the Office of the CFO and improve collaboration between Finance and Treasury departments. Through its integrated solutions, the collaboration provides enhanced capabilities for mutual customers by accelerating bank connectivity, improving cash visibility, and allowing more automation within the financial close and accounts receivable processes.
Finance and Treasury leaders need their technology solutions to operate more effectively across both the Finance and Accounting ...
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, establish their brand, and much more. Invoice2go provides a huge global customer base of small businesses from headquarters in Sydney, Australia and Palo Alto, California.