16 Acquisitions of Companies in the FinTech Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the FinTech industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 16 acquisitions that took place in the FinTech industry.

Coinmama acquired by Wellfield Technologies

Details about the transaction:

Acquisition amount:

$40,000,000

Announcement:

24 March 2022

Details about the company:

A banking business called Coinmama enables purchasing digital money quick, secure, and enjoyable from any location in the world.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Industry:

Bitcoin, Blockchain, Financial Services, FinTech

Details about the buyer:

Blockchain-based cutting-edge technology is developed by Wellfield Technologies to provide the next wave of financial solutions.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Abaca acquired by Safe Harbor Financial

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

31 October 2022

Details about the company:

The U.S. cannabis sector can use Abaca's banking, payment processing, lending, and treasury management services.

Headquarter:

North Little Rock, Arkansas, United States

Where to find them:

Industry:

Banking, Cannabis, Financial Services, FinTech

Details about the buyer:

Companies in the cannabis business can use the financial services offered by Safe Harbor Financial.

Headquarter:

Arvada, Colorado, United States

Where to find them:

Payswiff acquired by Cholamandalam

Details about the transaction:

Acquisition amount:

$60,305,596

Announcement:

18 January 2022

Details about the company:

The top omni channel transactions solution provider for small, medium, and big businesses in India is PaySwiff.

Headquarter:

Hyderabad, Andhra Pradesh, India

Where to find them:

Industry:

E-Commerce, Financial Services, FinTech, Mobile, Mobile Payments, Point of Sale, Software

Details about the buyer:

A variety of assurance plans are offered by the Indian insurance company Cholamandalam to both corporate and private clients.

Headquarter:

Chennai, Tamil Nadu, India

Where to find them:

Rewire acquired by Remitly

Details about the transaction:

Acquisition amount:

$80,000,000

Announcement:

16 August 2022

Details about the company:

Rewire is a fintech firm that creates international internet banking cross-platform solutions for migrants.

Headquarter:

Tel Aviv, Tel Aviv, Israel

Where to find them:

Industry:

Banking, Financial Services, FinTech, Payments

Details about the buyer:

Remitly is a mobile payments platform that enables users to send money internationally from one person to another.

Headquarter:

Seattle, Washington, United States

Where to find them:

Tungsten Corporation acquired by Pagero

Details about the transaction:

Acquisition amount:

$75,860,274

Announcement:

9 May 2022

Details about the company:

Edmund Truell and Danny Truell established Tungsten Corporation in February 2012.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Business Development, Financial Services, FinTech, Market Research

Details about the buyer:

Through a single link to our cloud-based network, digitalize and simplify your entire purchase-to-pay and order-to-cash operations.

Headquarter:

Gothenburg, Vastra Gotaland, Sweden

Where to find them:

Fair Go Finance acquired by MyBucks

Details about the transaction:

Acquisition amount:

$2,252,844

Announcement:

18 January 2017

Details about the company:

For regular Australians, Fair Go Finance offers online personal loans.

Headquarter:

Mandurama, New South Wales, Australia

Where to find them:

Industry:

Finance, Financial Exchanges, Financial Services, FinTech

Details about the buyer:

MyBucks is a business that uses technology to offer financial services and goods.

Headquarter:

Luxembourg, Luxembourg, Luxembourg

Where to find them:

MOVA acquired by Experian

Details about the transaction:

Acquisition amount:

$7,903,108

Announcement:

16 May 2022

Details about the company:

A fintech startup called MOVA offers services for peer-to-peer lending and online investing.

Headquarter:

Vila Olímpia, Sao Paulo, Brazil

Where to find them:

Industry:

Finance, Financial Services, FinTech, Lending

Details about the buyer:

Experian unleashes the potential of data to open doors for customers, companies, and society.

Headquarter:

Dublin, Dublin, Ireland

Where to find them:

Uvik Technologies acquired by Infibeam Avenues Limited

Details about the transaction:

Acquisition amount:

$9,894,270

Announcement:

1 March 2022

Details about the company:

Your smartphone is converted into a certified, secure PoS by Uvik Technologies.

Headquarter:

Bangalore, Karnataka, India

Where to find them:

Industry:

Financial Services, FinTech

Details about the buyer:

Indian multinational financial technology company Infibeam Avenues Limited

Headquarter:

Gandhinagar, Gujarat, India

Where to find them:

WealthDesk acquired by PhonePe

Details about the transaction:

Acquisition amount:

$50,000,000

Announcement:

17 May 2022

Details about the company:

Business-to-business-to-consumer (B2B2C) investing technology platform WealthDesk.

Headquarter:

Mumbai, Maharashtra, India

Where to find them:

Industry:

Financial Services, FinTech, Wealth Management

Details about the buyer:

A mobile payment tool called PhonePe enables consumers to send money instantaneously.

Headquarter:

Andheri, Maharashtra, India

Where to find them:

Coinberry acquired by WonderFi

Details about the transaction:

Acquisition amount:

$38,500,000

Announcement:

18 April 2022

Details about the company:

With 0% withdrawal and financing fees, Coinberry is the fastest-growing FINTRAC-registered cryptocurrency trading platform in Canada.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Industry:

Blockchain, Cryptocurrency, Financial Services, FinTech, Information Technology, Software

Details about the buyer:

Through DeFi, WonderFi, a technological business, is improving people's access to financial services.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Coinify acquired by Voyager

Details about the transaction:

Acquisition amount:

$84,000,000

Announcement:

2 August 2021

Details about the company:

accepting bitcoin payments and buying cryptocurrency to assist businesses in accelerating expansion.

Headquarter:

Copenhagen, Hovedstaden, Denmark

Where to find them:

Industry:

Financial Services, FinTech, Internet, Mobile Payments, Payments, Point of Sale, Virtual Currency

Details about the buyer:

Using its mobile application, Voyager provides a safe way to invest in cryptocurrencies and alternative coinage.

Headquarter:

Wilmington, Delaware, United States

Where to find them:

Roqqett acquired by Equals Group

Details about the transaction:

Acquisition amount:

$2,690,930

Announcement:

28 November 2022

Details about the company:

A fintech firm and financial services provider is called Roqqett.

Headquarter:

Bath, Bath and North East Somerset, United Kingdom

Where to find them:

Industry:

Finance, Financial Services, FinTech, Payments

Details about the buyer:

Equals Group is a challenger in the financial services sector catering for both business and retail customers.

Headquarter:

London, England, United Kingdom

Where to find them:

rplan acquired by InvestCloud

Details about the transaction:

Acquisition amount:

$20,000,000

Announcement:

11 June 2018

Details about the company:

Rplan offers financial institutions fintech software.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

FinTech, SaaS

Details about the buyer:

InvestCloud is a multinational organization with a focus on digital platforms that facilitate the creation of financial solutions.

Headquarter:

West Hollywood, California, United States

Where to find them:

Tookitaki acquired by Thunes

Details about the transaction:

Acquisition amount:

$20,000,000

Announcement:

18 April 2022

Details about the company:

Regtech business Tookitaki provides financial crime detection and prevention to some of the top banks and fintech companies in the globe.

Headquarter:

Singapore, Central Region, Singapore

Where to find them:

Industry:

Compliance, Finance, FinTech, Predictive Analytics, SaaS, Software

Details about the buyer:

Thunes provides a worldwide cross-border payment network that enables quick money transfers in 60 different currencies to 100 different countries.

Headquarter:

Singapore, Central Region, Singapore

Where to find them:

Alchemy acquired by Business Warrior

Details about the transaction:

Acquisition amount:

$8,750,000

Announcement:

9 June 2022

Details about the company:

Alchemy offers banking and financial services and is a fintech infrastructure provider.

Headquarter:

American Fork, Utah, United States

Where to find them:

Industry:

Banking, Financial Services, FinTech

Details about the buyer:

By offering software solutions, Business Warrior assists small firms in increasing productivity and developing business strategies.

Headquarter:

Cheyenne, Wyoming, United States

Where to find them:

Xpedize acquired by ClearTax

Details about the transaction:

Acquisition amount:

$13,153,664

Announcement:

16 March 2022

Details about the company:

To connect customers and their various suppliers on a shared platform, Xpedize offers proprietary software.

Headquarter:

Gurgaon, Haryana, India

Where to find them:

Industry:

Financial Services, FinTech, Software

Details about the buyer:

Indians' financial life are made simpler with the help of the tax and investing website ClearTax.

Headquarter:

Bangalore, Karnataka, India

Where to find them: