Zilch to Acquire Fjord Bank to Secure European Banking License

ABN AMRO to Acquire NIBC Bank From Blackstone in €960 Million Deal

November 12, 2025

Financial Services

ABN AMRO agreed to acquire NIBC Bank from Blackstone for an estimated €960 million (0.85x book value), strengthening ABN AMRO’s retail and commercial banking presence in the Netherlands. The deal is expected to close in the second half of 2026, subject to regulatory approvals and works council consultations, and includes integration steps such as merging certain mortgage entities and refocusing mortgage brand strategy.

TrueLayer to Acquire Zimpler

October 22, 2025

Payments & Fintech

TrueLayer has signed an agreement to acquire Zimpler, the fastest-growing Pay by Bank network in the Nordics. The deal aims to expand TrueLayer’s pan-European reach, add coverage across key markets including Sweden and Finland, and integrate additional A2A capabilities via Sweden’s Swish payment rail.

Nordic Capital Acquires Majority Stake in Zafin

February 12, 2024

Cloud & SaaS

Nordic Capital has signed an agreement to acquire a majority share in Zafin, a SaaS provider of core modernization and transformation solutions for financial institutions. The investment is being made in partnership with Zafin’s founders and management, who will reinvest alongside Nordic Capital, with completion expected in Q1 2024 subject to customary closing conditions.

United Fintech Acquires Cobalt

December 15, 2022

Financial Services

United Fintech has acquired 100% of Cobalt, a provider of shared ledger infrastructure and risk/data services for FX and digital assets, to strengthen its FX and digital-assets trading capabilities. Cobalt will operate as a standalone business under United Fintech, with United Fintech founder Christian Frahm named Chairman while Cobalt's leadership remains in place.

Fidelity Bank Plc to Acquire Union Bank UK

August 30, 2022

Financial Services

Fidelity Bank Plc has entered into a binding agreement to acquire 100% of Union Bank United Kingdom Limited (Union Bank UK), subject to approval from the UK Prudential Regulation Authority. The Central Bank of Nigeria has issued a letter of no objection; the deal represents Fidelity's first international expansion to broaden its trade and diaspora banking services.

Zilch Acquires NepFin to Support U.S. Launch

August 11, 2021

Financial Services

London-based BNPL scaleup Zilch has acquired NepFin, a U.S. technology-enabled direct lender, to accelerate its U.S. launch and obtain licensing and on-the-ground regulatory capabilities. NepFin's team (including Albert Periu and Thomas Meister) will join Zilch’s new U.S. operations as the company builds out its Miami presence and scales sales, marketing, compliance and engineering functions.