Affirm Acquires PayBright for CAD $340 Million

Affirm Holdings Acquires Returnly

April 21, 2021

Payments & Fintech

Affirm Holdings, Inc. announced a definitive agreement to acquire Returnly for approximately $300 million in cash and equity. The acquisition brings Returnly's post-purchase payments and digital returns platform (serving >1,800 merchants and 8+ million shoppers) into Affirm to expand its merchant payment offerings and improve post-purchase experiences.

AffiniPay Acquires ClientPay

February 9, 2021

Payments & Fintech

AffiniPay, a provider of professional services payment solutions, acquired ClientPay from Persolvent to accelerate adoption of online payments among large law firms and expand its enterprise payment capabilities. The acquisition integrates ClientPay into AffiniPay’s portfolio (including LawPay) and adds key large-firm technology partnerships to strengthen AffiniPay’s enterprise market position.

Siemens AG Acquires Brightly Software from Clearlake Capital

August 4, 2022

Cloud & SaaS

Siemens AG, via its Smart Infrastructure division, agreed to acquire Brightly Software, a U.S.-based cloud-native enterprise asset management SaaS provider, from Clearlake Capital for $1.575 billion in upfront cash plus up to $300 million in earn-outs. The acquisition strengthens Siemens' digital building and infrastructure software capabilities and expands its SaaS footprint, while Brightly will benefit from Siemens' global scale.

Paynt Acquires E-xact Transactions

June 11, 2025

Payments & Fintech

European payment technology company Paynt has acquired Canada-based E-xact Transactions to accelerate its North American expansion. The deal gives Paynt an operational hub in Vancouver and access to E-xact’s processing volume (over CAD 3.5 billion annually across ~50 million transactions); Paynt also appointed payments veteran JohnPaul Golino to its board to lead integration and go-to-market in the region.

Flexpoint Ford and BMO Capital Partners Invest Up to C$150M in PayFacto

August 5, 2021

Payments & Fintech

Flexpoint Ford led an equity investment of up to C$150 million in PayFacto Payments Inc., with participation from BMO Capital Partners. The growth capital will fund PayFacto's U.S. expansion, product development (including a cloud-based POS), and future acquisitions to accelerate its payments and POS strategy.

Upgrade Acquires Uplift for $100 Million

July 27, 2023

Payments & Fintech

Upgrade, Inc. acquired Uplift, Inc. — a travel-focused Buy Now Pay Later (BNPL) provider — for $100 million in cash and stock. The deal brings Uplift's travel financing capabilities (serving ~3.3 million customers and 300+ travel partners) into Upgrade to expand point-of-sale credit offerings for travel and adjacent consumer finance markets.