Paxos to Acquire Membrane Finance

Paxos Acquires Fordefi

November 27, 2025

Payments & Fintech

Paxos has acquired Fordefi, an institutional multi-party computation (MPC) wallet platform trusted by nearly 300 institutions. The deal combines Paxos' regulated blockchain and custody infrastructure with Fordefi's MPC wallet technology, enabling a unified platform for tokenization, stablecoin issuance, custody, and on-chain payments; terms were not disclosed.

Request Finance Acquires Pay.so Lithuania

November 25, 2024

Payments & Fintech

Request Finance has acquired Pay.so Lithuania, a regulated VASP, to integrate a compliant one‑click crypto-to-fiat on/off ramp into its finance platform. The deal enables Request Finance to offer multi‑payee fiat payouts and streamlined crypto/fiat payments for businesses globally while strengthening regulatory compliance capabilities.

Marqeta Acquires TransactPay

August 7, 2025

Payments & Fintech

Marqeta has completed its acquisition of TransactPay, a licensed E-Money Institution (EMI) and BIN sponsorship provider operating in the United Kingdom and European Economic Area. The deal strengthens Marqeta’s card program management capabilities in Europe and enables customers to expand into the UK and EU with a more unified, integrated offering.

Electronic Merchant Systems Acquires Peel Payments

April 16, 2025

Payments & Fintech

Electronic Merchant Systems (EMS), a Cleveland-based payments and merchant services provider, has acquired Oklahoma City-based Peel Payments, a boutique merchant acquirer focused on the petroleum/C-store vertical. The deal broadens EMS's distribution channels and strengthens its capabilities in petroleum and convenience-store payments while providing Peel Payments access to EMS's technology infrastructure and sales network.

Electronic Merchant Systems Acquires PaymentCloud

January 30, 2024

Payments & Fintech

Electronic Merchant Systems (EMS), a Cleveland-based payment technology provider, has acquired Los Angeles-based PaymentCloud. The deal brings PaymentCloud's merchant-focused distribution and marketing capabilities into EMS's infrastructure to scale onboarding, processing and inside sales channels while integrating PaymentCloud leadership into EMS management.

Matrixport Acquires Crypto Finance (Asset Management) AG (CFAM)

October 1, 2024

Financial Services

Matrixport completed an all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), a FINMA‑licensed Swiss crypto asset manager previously part of Crypto Finance Group (Deutsche Börse Group). The unit has been renamed Matrixport Asset Management AG (MAM) and the deal — which received FINMA approval — expands Matrixport's regulatory footprint and institutional crypto asset management capabilities in Europe.