14 Acquisitions of Companies in the Payments Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Payments 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 14 acquisitions that took place in the Payments industry.

DOCOMO Digital acquired by Bango

Details about the transaction:

Acquisition amount:

$4,015,266

Announcement:

31 August 2022

Details about the company:

NTT DOCOMO's international payments division facilitates mobile commerce for digital companies.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Financial Services, Mobile, Mobile Payments

Details about the buyer:

Leading international retailers choose Bango as their go-to platform to make mobile payments available to everyone.

Headquarter:

Cambridge, Cambridgeshire, United Kingdom

Where to find them:

Invenco Group Limited acquired by Vontier

Details about the transaction:

Acquisition amount:

$80,000,000

Announcement:

4 August 2022

Details about the company:

Invenco, which has its headquarters in the US, UK, Malaysia, and New Zealand, is a leading global provider of self-service payment solutions.

Headquarter:

Auckland, Auckland, New Zealand

Where to find them:

Industry:

Information Services, Information Technology, Payments

Details about the buyer:

Vontier is a multinational business with a focus on mobility and transportation.

Headquarter:

Raleigh, North Carolina, 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:

Sinocan acquired by Zall Group

Details about the transaction:

Acquisition amount:

$15,465,361

Announcement:

7 April 2016

Details about the company:

Sinocan offers specialized mobile payment and intelligent payment solutions.

Headquarter:

Baoan, Guangdong, China

Where to find them:

Industry:

Financial Services, Mobile Payments, Payments

Details about the buyer:

The People's Republic of China is the main market for the development and management of wholesale shopping malls by the investment holding firm Zall Group.

Headquarter:

Wuhan, Hubei, China

Where to find them:

Desetech Systems acquired by VeoShop

Details about the transaction:

Acquisition amount:

$2,500,000

Announcement:

21 July 2022

Details about the company:

A Dominican technology and media business committed to the development of metaverse technology is called Desetech Systems SRL.

Headquarter:

Santo Domingo, Distrito Nacional, Dominican Republic

Where to find them:

Industry:

Cryptocurrency, Film Production, Information Technology, Media and Entertainment, Payments, Software, TV Production, Video Streaming

Details about the buyer:

Desetech Systems, SRL, a Dominican Republic-based corporation, is parent-held by VeoShop, LLC in the United States.

Headquarter:

New York, New York, United States

Where to find them:

CBI acquired by Converge Technology Partners

Details about the transaction:

Acquisition amount:

$47,000,000

Announcement:

1 April 2022

Details about the company:

CBI is an IT firm dedicated to risk management and data security for enterprises.

Headquarter:

Troy, Michigan, United States

Where to find them:

Industry:

Cloud Infrastructure, Cloud Security, Cyber Security, Information Technology, Payments, Software

Details about the buyer:

Building a nationwide platform of regionally specific IT infrastructure companies is Converge Technology Partners' business.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

EveryPay acquired by LHV Ventures

Details about the transaction:

Acquisition amount:

$8,744,202

Announcement:

4 March 2022

Details about the company:

Payment gateway EveryPay provides intelligent payment options.

Headquarter:

Tallinn, Harjumaa, Estonia

Where to find them:

Industry:

E-Commerce, Financial Services, Mobile, Mobile Payments, Payments

Details about the buyer:

A domestic financial group firm called LHV Ventures offers banking, financial counseling, and stock brokerage services.

Headquarter:

Tallinn, Harjumaa, Estonia

Where to find them:

Nomad Payments acquired by Metavante Technologies, Inc

Details about the transaction:

Acquisition amount:

$56,784,360

Announcement:

10 January 2008

Details about the company:

Leading provider of licensed software and processing services for prepaid and debit cards is Nomad Payments.

Headquarter:

London, England, United Kingdom

Where to find them:

Industry:

Credit Cards, Payments, Software

Details about the buyer:

For enterprises and financial services organizations throughout the world, Metavante Systems creates banking and payments technologies.

Headquarter:

Milwaukee, Wisconsin, United States

Where to find them:

Payment Assist acquired by Openpay

Details about the transaction:

Acquisition amount:

$28,500,000

Announcement:

22 June 2021

Details about the company:

With no interest and simple monthly installments, Payment Assist offers a fix your car now, pay later alternative.

Headquarter:

Melton Mowbray, Leicestershire, United Kingdom

Where to find them:

Industry:

Billing, Financial Services, Payments

Details about the buyer:

A fintech startup called Openpay creates online payment solutions with buy now, pay later options.

Headquarter:

Melbourne, Victoria, Australia

Where to find them:

Transact Europe acquired by GreenBox POS

Details about the transaction:

Acquisition amount:

$28,000,000

Announcement:

6 April 2022

Details about the company:

The electronic money organization Transact Europe EAD (TEU), with its headquarters in Sofia, Bulgaria, is governed by the EU.

Headquarter:

Sofia, Grad Sofiya, Bulgaria

Where to find them:

Industry:

Banking, Financial Services, Payments

Details about the buyer:

A fully integrated, safe, Blockchain-based POS solution is GreenBox POS.

Headquarter:

San Diego, California, United States

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:

Rapid Financial Solutions acquired by Socrata

Details about the transaction:

Acquisition amount:

$68,000,000

Announcement:

27 October 2022

Details about the company:

The prepaid card industry's program manager and card processor is Rapid Financial Solutions.

Headquarter:

Logan, Utah, United States

Where to find them:

Industry:

Apps, Financial Services, Payments

Details about the buyer:

A platform called Socrata makes it possible for governments to leverage data as a strategic asset.

Headquarter:

Seattle, Washington, 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: