iCapital Acquires Passthrough to Expand GP Onboarding and Compliance

iCapital to Acquire Parallel Markets to Expand Reusable Investor Identity Platform

January 20, 2025

Financial Services

iCapital and Parallel Markets entered a definitive agreement under which iCapital is expected to acquire Parallel Markets. The deal will integrate Parallel Markets’ reusable financial identity technology with iCapital’s onboarding and compliance monitoring processes to power a new “Investor Passport” for fund investors and wealth advisors.

iCapital to Acquire AltExchange

October 30, 2024

Data & Analytics

iCapital and AltExchange have entered a definitive agreement under which iCapital intends to acquire AltExchange. The deal is aimed at enhancing iCapital’s data management capabilities by combining AltExchange’s AI-driven alternative investment data aggregation, document management, and reporting with iCapital’s existing platform.

iCapital Network Acquires Axio Financial

September 21, 2021

Financial Services

iCapital Network has entered into a definitive agreement to acquire Axio Financial LLC, a provider of end-to-end services to the U.S. structured notes market. The acquisition will expand iCapital's alternative investment product menu, technology stack, education and distribution capabilities for financial advisors; terms were not disclosed and the deal was expected to close in Q4 2021.

1Password Acquires Passage Identity

November 3, 2022

Cybersecurity

1Password has acquired Passage (Passage Identity), a developer-first passwordless authentication startup, to accelerate its move to passkeys and passwordless authentication. The entire Passage team — including co-founders Cole Hecht and Anna Pobletts — will join 1Password as the company integrates Passage's technology into a passwordless platform for enterprises and consumer-facing apps.

Moody's Acquires PassFort and kompany to Expand KYC and Compliance Capabilities

December 3, 2021

Data & Analytics

Moody's Corporation acquired UK-based PassFort and agreed to (and subsequently completed) the acquisition of Vienna-based 360kompany AG (kompany) to enhance its onboarding, KYC, and compliance technology capabilities. The deals will be integrated into Moody's KYC business within Moody's Analytics to augment its Orbis and GRID data solutions and accelerate customers' onboarding, entity verification, and due-diligence workflows.

Affiliate of Peak Rock Capital Makes Strategic Growth Investment in Passport Technology

June 23, 2022

Payments & Fintech

An affiliate of Peak Rock Capital made a strategic growth investment in Passport Technology to provide capital and strategic support for the payments- and gaming-focused technology provider. The investment will help Passport expand its customer base, develop new technology-enabled products and services, and pursue additional strategic partnerships as it scales across additional end markets.