Payments & Fintech Acquisitions in 2025

Airwallex has acquired majority ownership of PT Skye Sab Indonesia, an Indonesian PJP Category 1 licensed payments (e-money) company, strengthening its payments licences and on-the-ground presence in Indonesia. The deal expands Airwallex's Asia‑Pacific footprint and supports cross-border services for Indonesian merchants as the company scales following a $330M Series G raise.

Balance, Canada’s oldest and largest digital asset custodian, has acquired Digital Value Transfer Rails Inc. (DVTR), a Wyoming-based, multi-state licensed digital asset custodian and money transmitter. The deal, completed December 11, turns DVTR into a wholly owned subsidiary and gives Balance immediate regulatory reach across most U.S. states, adding trading, staking and money-transmission capabilities to its institutional offering.

Paribu, Türkiye's leading digital asset platform, has acquired CoinMENA, the largest local crypto exchange in the MENA region, in a deal valuing CoinMENA at up to USD 240 million. The acquisition gives Paribu licensed operations in Bahrain and Dubai, expands its regulated footprint into MENA, and provides access to CoinMENA's ~1.5 million users and institutional capabilities.

PayRange LLC has acquired KioSoft Technologies, a global provider of cashless payment and IoT solutions, to accelerate the digital transformation of unattended retail. KioSoft will operate under the PayRange brand, with KioSoft President Charles Lee joining as Vice Chairman and retaining a significant ownership stake; terms were not disclosed.

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.

Reseda Group, a credit union service organization owned by MSU Federal Credit Union, has acquired Tandem, an Ann Arbor-based fintech app that helps couples manage shared finances. Tandem's founders will join Reseda Group as vice presidents as the company integrates the app into a broader family banking ecosystem aimed at Gen Z and Millennial couples and expanding into multi-generational household financial tools.

Rain has acquired Uptop, an on-chain card-linked rewards platform, integrating native loyalty capabilities into its stablecoin-powered payments and card/wallet infrastructure. Uptop will continue operating as an independent brand under Rain and the acquisition expands Rain's ability to offer branded card and wallet programs with built-in rewards across sports, retail, travel, dining, and entertainment.

Paystand, a blockchain-powered B2B payments network, has acquired Bitwage, a platform for stablecoin-enabled cross-border payouts. The acquisition embeds Bitwage’s payout engine into Paystand’s AR/AP and treasury stack to enable enterprise-grade stablecoin settlement, faster cross-border payouts, and automated on-chain reconciliation for global customers.

Corpay, Inc. (NYSE: CPAY) has completed the $2.4 billion acquisition of Alpha Group International plc, a UK/Europe-based provider of cross-border FX solutions and global bank accounts for corporations and investment funds. The transaction expands Corpay’s cross-border payments and treasury capabilities and was financed in part by an increased revolving credit facility and a new $900 million Term Loan B.

Great Hill Partners has made a strategic growth investment in Ren, a leading donor-advised fund (DAF) technology and philanthropic infrastructure provider, to support product innovation, operational scale, and market expansion across financial advisors, wealth managers, and philanthropic institutions. Financial terms were not disclosed; Great Hill partners Nick Cayer, Matt Vettel, and Bob Anderson will join Ren’s board alongside existing representatives from Bain Capital, Valeas Capital, and Amy Danforth, while Bain Capital Tech Opportunities remains a significant shareholder.

Lettuce, an AI-powered financial platform for solopreneurs, raised $28 million in a funding round led by Zeev Ventures and acquired benefits-access startup Besolo. The acquisition adds healthcare benefits (health, dental, vision, life) capabilities to Lettuce’s platform as it expands its product suite for independent professionals.

ACI Worldwide has acquired Payment Components, a Greece-founded fintech provider of AI-driven financial messaging, open banking and A2A payments software, to expand the capabilities of its ACI Connetic payments platform. The acquisition — terms not disclosed and not expected to be materially financial — will integrate Payment Components' technology, IP and team to accelerate payments orchestration, messaging and AI capabilities for banks and financial institutions.

Ripple has acquired Palisade, a London-based digital asset wallet and custody technology company, to bolster Ripple Custody with wallet-as-a-service capabilities. The deal integrates Palisade's MPC-based, multi-chain wallet tech into Ripple Payments, expanding Ripple's ability to serve fintechs, corporates, and crypto-native institutions with faster wallet provisioning and high-frequency transaction support.

AscendantFX Capital has acquired Financial Transmission Network (FTNI), integrating FTNI's ETran receivables platform with Ascendant's aPay global payables solution to create an end-to-end payments offering. The deal expands Ascendant's capabilities in payables and receivables automation and positions the combined business as a more comprehensive payments technology provider.

Fireblocks, the enterprise digital-asset infrastructure provider, has acquired Dynamic, a developer platform that powers embedded wallets and on-chain accounts. The deal brings Dynamic's ~30-person team and consumer-facing wallet, onboarding, and developer tools into Fireblocks to create a unified custody-to-consumer stack for fintechs, enterprises, and payment platforms.

Modern Treasury has acquired Beam, a stablecoin and fiat payment platform, to integrate stablecoin orchestration and real-time payment rails into its payment operations API. The acquisition brings Beam's technology and team (including founder Dan Mottice) into Modern Treasury to expand capabilities for instant pay-ins, payouts, FX efficiency, and enterprise treasury use cases.

Bizcap, together with its U.S. affiliate NewCo Capital Group, has acquired fintech 8fig, integrating the AI-driven e‑commerce funding and planning platform into the Bizcap Group while preserving 8fig's brand and leadership. The deal strengthens Bizcap's AI underwriting and cash‑flow planning capabilities to accelerate product development and global expansion in SME non‑bank lending.

TPG acquired a majority interest in AvidXchange in a take-private transaction valued at approximately $2.2 billion, with Corpay purchasing a 34% minority stake for about $550 million. The deal will make AvidXchange a private company as TPG leads efforts to accelerate growth while Corpay partners strategically to expand payments and AP automation capabilities.

Coincheck Group N.V. has completed the acquisition of Aplo SAS, a Paris-based institutional crypto prime brokerage, in an all-stock transaction. Aplo — which serves more than 60 institutional clients — will continue to be led by its four founders and will be integrated to accelerate product development, expand liquidity and financing solutions, and broaden Coincheck's institutional offerings across jurisdictions.

Payroc has completed its acquisition of BlueSnap, the Boston-based payment orchestration and accounts-receivable automation platform; the deal was first announced with a definitive agreement on July 31, 2025 and closed in October 2025. The BlueSnap technology and team will operate as part of Payroc, combining Payroc's direct-connect acquiring capabilities with BlueSnap's API-first orchestration to expand cross-border CNP acceptance, embedded invoicing and AR automation.

Riata Capital Group, a Dallas-based private equity firm, has made a strategic growth investment in Government Window, a Kennesaw, Georgia-headquartered cloud-based payments platform serving state and local governments. The investment will support Government Window's geographic expansion across the U.S. and continued product buildout of its payments software and related services.

Juniper Square has acquired Tenor Digital, an AI-enabled platform for private credit lenders and loan administrators, to integrate Tenor’s loan servicing, reporting, and reconciliation tools into Juniper Square’s fund administration and JunieAI platform. The deal expands Juniper Square’s capabilities and market reach into the fast-growing private credit sector and brings Tenor’s founding team, including CEO Tony Chung, into Juniper Square leadership.

Funds managed by Lovell Minnick Partners have made a strategic growth investment in Valor PayTech, the point-of-sale software and payment technology provider. Valor will remain led by CEO Eric Bernstein and will use the capital and LMP's operational support to scale operations, accelerate innovation, and pursue strategic investments and acquisitions.

BankCard USA Merchant Services and Preferred Payments have merged and will operate jointly as Ecrypt Inc., combining BankCard USA's merchant portfolio and sales force with Preferred Payments' payment gateway and cloud EMV technology. The combined company, based in Agoura Hills, California, will offer end-to-end payment processing, subscription billing, advanced security (including AI-driven fraud protection and tokenization), and dedicated U.S.-based account management.

Funds managed by Lovell Minnick Partners (LMP) have completed a majority acquisition of Merchant Industry, a U.S.-based fintech payments company. Founders retain a substantial minority stake and LMP appointed Vaden Landers as CEO to lead a growth and capability expansion strategy focused on distribution expansion and strategic M&A.

Valsoft Corporation has acquired CORE Cashless, a provider of cashless payment, POS, kiosk and access-control systems for the amusement and leisure industries. CORE Cashless will operate autonomously within Valsoft’s Aspire Software operating group to accelerate product development and global growth while preserving existing leadership and customer relationships.

Informativ, a Capstreet-backed provider of fraud prevention, compliance, and credit technology for the automotive industry, has acquired Carmatic, a payments-as-a-service platform that delivers real-time, transaction-ready loan and lease payments. The deal brings Carmatic's VIN-level payment engine and decisioning capabilities into Informativ's suite to accelerate transactions, reduce risk, and expand payment/product capabilities for dealers and channel partners.

MoonPay has acquired Meso, a payments infrastructure startup that helps developers connect banks and card rails to crypto applications. The deal brings Meso’s engineering team and capabilities into MoonPay as the company advances its goal of building a single global payments network connecting banks, card networks, stablecoins and blockchains.

Atlanticus Holdings Corporation has acquired Mercury Financial LLC for approximately $162 million in cash (with potential earn-outs tied to future credit performance), making Mercury a wholly owned subsidiary. The deal adds 1.3 million serviced credit card accounts and $3.2 billion in receivables, expanding Atlanticus' presence in the near-prime credit card market and providing additional technology, distribution partnerships, and scale.

Solowin has completed a $350 million acquisition of AlloyX, a stablecoin infrastructure provider, integrating AlloyX's enterprise-grade stablecoin platform, RWA tokenization tools, and global payment network into Solowin's regulated financial services. The deal includes a 12-month lock-up for AlloyX selling shareholders and performance-based incentives tied to future valuation, and positions Solowin to expand stablecoin-driven payments into emerging markets including the UAE, ASEAN and Africa.

Aiwyn has acquired QuickFee's U.S. payments business, including QuickFee Pay Now and QuickFee Connect, while QuickFee's financing business remains independent. The deal expands Aiwyn's payments and payment-automation capabilities for accounting firms and brings QuickFee's U.S. customers and tools onto Aiwyn's broader platform.

Chargebee has acquired Inai, a payments intelligence and analytics company, integrating Inai's AI-driven payments observability and optimization into Chargebee's billing and monetization platform. The deal is intended to deepen Chargebee's payments capabilities—helping merchants reduce failed payments, uncover revenue leaks, and streamline payment operations across gateways and geographies.

Fiserv has completed the acquisition of the remaining 49.9% of AIB Merchant Services from AIB Group, taking full ownership of the Ireland-based payments acquirer. The deal supports Fiserv's expansion into the broader European market and enables wider deployment of its Clover point-of-sale platform across the region; AIB will continue to refer businesses needing card acquiring services to Fiserv on an exclusive basis.

Amazon has completed its acquisition of Axio (formerly Capital Float), a leading digital lending and checkout finance provider in India, following regulatory approval from the Reserve Bank of India. The deal will integrate Axio's lending capabilities with Amazon Pay Later to expand access to checkout financing for consumers and small businesses across India while Axio continues to operate under its current leadership.

Fiserv, Inc. has acquired CardFree, a mobile ordering, payments, and loyalty platform, to integrate its capabilities into the Clover and Commerce Hub ecosystems. The acquisition enhances Clover's support for hospitality, restaurant and lodging merchants by adding drive-through, kiosk, sub-inventory, and third-party integration capabilities; financial terms were not disclosed.

Airwallex has acquired OpenPay, a San Francisco-based billing and subscription-management SaaS, to integrate billing, payment orchestration, and revenue analytics into Airwallex's global financial platform. The acquisition adds usage-based and multicurrency billing capabilities to Airwallex's product suite; financial terms were not disclosed.

Matica Fintec S.p.A. has acquired Panini S.p.A. from SETA Holding, combining Matica's secure payments and identity issuance capabilities with Panini's check-scanning and document digitization technology. The deal is intended to strengthen Matica's banking‑infrastructure and payments portfolio and accelerate growth — particularly in the U.S. — by leveraging complementary manufacturing and software resources.

Fifth Third Bancorp (Fifth Third Bank) has acquired DTS Connex, a provider of cash management software for multi-location businesses, to bolster its Commercial Payments capabilities in cash logistics, infrastructure and risk management. DTS Connex will operate as a wholly owned subsidiary effective August 1, continuing as a standalone business; financial terms were not disclosed.

Fundwell has acquired EveryStreet, an accounts receivable, accounts payable and flexible payments platform, bringing EveryStreet's founders and engineering team into Fundwell to expand its cash-flow and payments capabilities. The deal closed in August 2025 and will integrate EveryStreet's receivables/payments technology into Fundwell's funding marketplace to offer SMBs end-to-end cash flow management and financing.

Tether Ventures, the investment arm of Tether, has acquired a minority stake in Bit2Me and is leading a €30 million investment round to support the Spanish crypto platform's expansion. The funding and Bit2Me's new EU CASP authorization under MiCA will fuel the company's growth across the European Union and strengthen its presence in Argentina and other Latin American markets.

Marqeta has completed its acquisition of TransactPay, a licensed E-Money Institution and BIN sponsorship provider serving the UK and European Economic Area. The deal strengthens Marqeta's card program management and payments capabilities in Europe, enabling simpler market entry and expanded services for customers across the UK and EU.

Marlin Equity Partners’ portfolio company Marcura has acquired Brightwell Navigator, the maritime crew payroll and payments division of Atlanta-based Brightwell Payments Inc. Brightwell Navigator will be merged into Marcura to strengthen its embedded payments and crew payroll capabilities, creating a leading crew payments solution serving over 150,000 seafarers per month.

Payroc has acquired Agilisa Technologies, an API-centric payment gateway headquartered in Santo Domingo, Dominican Republic. The deal expands Payroc's gateway capabilities and strengthens its presence across the Caribbean and Latin America by integrating Agilisa's single-API platform and technical team into Payroc's global processing network.

Deluxe has acquired CheckMatch, a digital check-delivery service developed by Kinexys by J.P. Morgan, to extend the Deluxe Payment Network (DPN) and digitize paper-check delivery across its lockbox network. The acquisition expands Deluxe's digital lockbox capability and scale, enabling faster electronic processing, reduced postage and handling costs, and broader connectivity with financial institutions and disbursement partners.

LLR Partners has made a strategic growth investment in ePayPolicy, joining existing investor Serent Capital to support the company’s next stage of product and go-to-market expansion. The capital will be used to accelerate product innovation, bolster sales and customer support, and continue organizational buildout to better serve insurance industry customers.

Fortis, the embedded payments technology provider headquartered in Plano, Texas, has acquired Serve First Solutions, a B2B payment processor based in Costa Mesa, California. The deal is intended to combine Serve First's B2B payment expertise and service model with Fortis' proprietary technology to expand capabilities and accelerate penetration into verticals such as wholesale, distribution, and manufacturing.

Gamefound, a Poland-based tabletop crowdfunding platform, has acquired Indiegogo, the long-established San Francisco crowdfunding site with a 38 million-member community. The deal will integrate Gamefound's pledge-management technology and payments tools across Indiegogo's categories to expand capabilities, improve creator terms, and increase reach for creators and backers worldwide.

RealPage has acquired Livble, a provider of flexible rent payment solutions, and will integrate Livble into its LOFT resident experience platform and Buildium property management software. The integration will allow residents to split rent into up to four installments per month while RealPage assumes non-payment risk, improving payment flexibility for renters and guaranteed on-time rent and reporting for property managers.

Pavilion Payments, a leading omnichannel payments provider for the gaming industry, has acquired CasinoSoft, a provider of AML/Title 31 compliance, tax form automation, jackpot handling, and regulatory reporting software. The acquisition integrates CasinoSoft’s compliance and automation capabilities with Pavilion’s payment ecosystem to deliver an end-to-end payments and compliance platform for casinos, route gaming, iGaming and sportsbook operators.

The Monad Foundation has acquired Portal Labs, the team behind the Portal stablecoin wallet and payments infrastructure, bringing a full‑stack stablecoin payments solution onto the high‑throughput Monad blockchain. Portal will operate as a wholly‑owned subsidiary while its CEO Raj Parekh joins Monad as Head of Payments and Stablecoins to accelerate stablecoin adoption across issuers, payment platforms, and fintechs.