Spellbook Secures $40M Debt Financing From RBCx to Acquire Legal AI Competitors

Royal Bank of Canada (RBC) Acquires Pinch Financial

March 13, 2026

Payments & Fintech

Royal Bank of Canada (RBC) announced it has acquired Toronto-based Pinch Financial, a fintech focused on mortgage qualification technology. RBC said the deal will help it accelerate its digital mortgage roadmap and streamline the home loan application experience for Canadian clients, while Pinch will continue serving non-RBC clients and operate independently.

Wolters Kluwer to Acquire Libra Technology GmbH

November 14, 2025

AI & Machine Learning

Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Berlin-based legal AI assistant software provider Libra Technology GmbH for up to €90 million, including €30 million upfront and deferred consideration tied to performance targets. The deal is subject to customary closing conditions and is expected to be completed in November 2025.

Flourish to Acquire Sora Finance to Build Comprehensive Deposits and Lending Platform for RIAs

March 20, 2025

Payments & Fintech

Flourish, a technology platform for registered investment advisors (RIAs), entered into a definitive agreement to acquire Sora Finance, an AI-driven liability optimization platform for advisors. The combined offering is intended to provide RIAs with integrated asset and liability management, including cash management plus lending capabilities.

Carlyle Acquires $415M Private Student Loan Portfolio and Invests in Monogram

January 24, 2024

Financial Services

The Carlyle Group, via its Credit Strategic Solutions team, acquired a $415 million private student loan portfolio and made a strategic investment in Monogram LLC to partner on originating, acquiring and managing private student loan assets. Monogram — led by the former Cognition Financial management team and headquartered in Boston — will leverage Carlyle's capital to expand its origination, servicing and portfolio management capabilities.

Reddit Acquires Machine-Learning Platform Spell

June 16, 2022

AI & Machine Learning

Reddit has acquired Spell, a SaaS-based machine-learning platform, to strengthen its ML and AI capabilities. The Spell team — including founder & CEO Serkan Piantino — will join Reddit to support Product, Safety, and Ads initiatives and accelerate integration of ML across the company.

Long Ridge Equity Partners and CBC Companies Lead Minority Growth Investment in SoftWorks AI

August 10, 2021

Financial Services

SoftWorks AI, provider of the Trapeze mortgage document-processing and intelligent automation platform, closed a minority growth round led by Long Ridge Equity Partners with participation from CBC Companies. The investment will fund product and technology expansion to accelerate adoption across the mortgage lifecycle and other document-intensive segments of financial services.