Mastercard Acquires Finicity for $825M to Boost Open Banking

Fiserv Acquires Finxact to Accelerate Digital Banking Capabilities

February 7, 2022

Cloud & SaaS

Fiserv, a global provider of payments and financial services technology, agreed to acquire Finxact, a cloud-native core banking platform, purchasing the remaining ownership interest for approximately $650 million. The acquisition brings Finxact's API-first, real-time banking capabilities into Fiserv's portfolio to accelerate digital banking innovation for banks, fintechs and embedded finance partners.

White Oak Global Advisors Acquires Finacity Corporation

September 21, 2021

Financial Services

White Oak Global Advisors has acquired Finacity Corporation, a leading global provider of trade finance and receivables securitization solutions. Finacity will operate as a standalone business (to be rebranded White Oak Finacity) with CEO Adrian Katz remaining in place and as a substantive equity holder as White Oak integrates Finacity's capabilities into its asset-based lending platform.

Celero Commerce Acquires Finical

October 11, 2023

Payments & Fintech

Nashville-based Celero Commerce has acquired Dallas-based Finical, a provider of electronic payments technology for small and mid-sized businesses. The deal expands Celero's capabilities and scale in payments processing — bringing its pro forma annual card volume to roughly $25 billion — and marks Celero's tenth acquisition since launching in 2018.

Mastercard Acquires Transactis

May 17, 2019

Payments & Fintech

Mastercard acquired Transactis, a payments and bill-pay services provider, to strengthen its bill payment capabilities. Safeguard Scientifics, a Transactis investor, received approximately $57 million in cash proceeds from the transaction.

Quisitive Acquires BankCard USA

March 29, 2021

Payments & Fintech

Quisitive Technology Solutions Inc. entered into an agreement to acquire BankCard USA Merchant Services, Inc. for US$100 million in cash plus the issuance of 50,000,000 common shares and a potential earn-out of up to US$20 million. BankCard USA, based in Westlake Village, California, processes over US$3.0 billion in payments annually, reported LTM revenue of US$29 million and LTM adjusted EBITDA of US$11 million, and will be integrated into Quisitive's LedgerPay payments platform; the deal is expected to close in Q2 2021 subject to approvals.

Cinven to Acquire Finaxy Group from Ardian

September 3, 2024

Financial Services

Private equity firm Cinven has entered exclusive negotiations to acquire the Finaxy group from Ardian, with Finaxy management (led by Founder & CEO Erick Berville) set to significantly reinvest alongside Cinven. Headquartered in Paris, Finaxy is a multi-specialist French insurance broker with over 330 employees and more than €700 million in premiums; Cinven will invest from its Strategic Financials Fund and aims to accelerate Finaxy's buy-and-build growth across France and internationally.