Tracked deals
70
70 tracked deals across 2002-2026.
Tracked deals
70
70 tracked deals across 2002-2026.
Buyer mix
Strategic-led
64 strategic · 8 investor
Top trend
Volume peaked in 2025
14 tracked deals announced in 2025.
Primary Insight
| Buyer | Capability theme shown |
|---|---|
| Mastercard | Stablecoin payments infrastructure |
| Nium | Fiat-to-on-chain infrastructure |
| National Australia Bank (NAB) | Real-time, account-to-account payments |
| PayNearMe | Agentic AI for payment experience management |
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Airwallex | 2 | Global financial platform providing multi-currency busine... | Strategic |
| Fortis | 2 | Provider of embedded payments and commerce enablement for... | Strategic |
| Great Hill Partners | 2 | Boston-based growth-oriented private equity firm investin... | PE |
| Mastercard | 2 | Global technology company in payments, providing payment ... | Strategic |
| Accel-KKR | 1 | Technology-focused investment firm partnering with manage... | PE |
| Affirm Holdings, Inc. | 1 | Public fintech company offering buy-now-pay-later and con... | Strategic |
| Augeo | 1 | Provider of employee, member, consumer and channel partne... | Strategic |
| BUSA Acquisition Co. | 1 | Nevada‑incorporated acquiror formed and capitalized by a ... | Investor |
| BUSA Holdings Corp. | 1 | Holding company formed as part of the capitalization and ... | Investor |
| BankCard USA Merchant Services, Inc. | 1 | ISO/MSP merchant services provider offering payment proce... | Strategic |
Last 8 years
Supporting Data
PayNearMe acquired the technology assets and hired key employees of Marr Labs, an AI company that builds agentic solutions for automated voice, messaging, and workflows in complex regulated environments. The deal aims to integrate Marr Labs’ agentic AI expertise into PayNearMe’s Payment Experience Management (PEM) platform to improve the end-to-end payment experience.
Nayax has agreed to acquire IPS Group, a smart parking technology provider, from Windjammer Capital Investors for $350 million in cash. The deal is intended to expand Nayax’s unattended commerce platform into parking and curb-management services, pairing IPS infrastructure with Nayax’s payments processing and global distribution.
Nium has acquired Cypher, a crypto-native non-custodial wallet and card issuing company, to strengthen its fiat-to-on-chain money movement infrastructure. The deal expands Nium’s ability to extend its security, compliance, and reliability framework from traditional payments to on-chain transactions and accelerate product delivery for crypto-native users.
Airwallex announced its acquisition of Leapfin, a financial data automation platform focused on revenue recognition and reconciliation. The deal is intended to integrate Leapfin’s technology and AI agents into Airwallex’s platform to help customers close the financial lifecycle from payment acceptance through record-to-report.
National Australia Bank (NAB) announced it has acquired Banked, a fintech that enables businesses and customers to make and receive payments instantly using account-to-account technology. The acquisition is intended to strengthen NAB’s real-time payments capabilities, including “Pay by Bank” transactions that let merchants receive funds directly from customers’ bank accounts.
LLR Partners announced a strategic investment in FastSpring, an all-in-one digital commerce platform that acts as a merchant of record providing payments, subscriptions, and international tax management for AI, SaaS, gaming, and software companies. LLR joins existing financial backer Accel-KKR to support FastSpring’s continued product innovation and go-to-market expansion.
C1 Fund Inc. (NYSE: CFND) announced that it acquired a position in Uphold, a multi-asset digital money platform. Uphold provides access to cryptocurrencies, fiat currencies, stablecoins, and commodities through a unified platform used by customers across more than 140 countries.
Mastercard agreed to acquire stablecoin infrastructure provider BVNK for up to $1.8 billion, including $300 million in contingent payments. The deal is expected to close before year-end (or end of 2026) subject to regulatory approvals and customary closing conditions, and is aimed at bridging fiat payment rails with blockchain-based stablecoin settlement.
Telos Labs, a Berkeley-based digital product studio focused on AI and fintech, has acquired Flourish Fi, a behavioral loyalty and financial-engagement platform. The deal brings Flourish's behavioral data models and engagement platform into Telos' AI and fintech practice, with Flourish co-founder Pedro Moura joining Telos as an Operating Partner to continue supporting existing clients.
Capital One Financial Corporation completed its acquisition of Brex for about $5.15 billion in a cash-and-stock transaction. The deal expands Capital One’s business payments capabilities by bringing Brex’s AI-native corporate card, spend management, and real-time payments platform under a major U.S. bank, with Brex founder Pedro Franceschi continuing to lead the company.
SmartMoving, a Dallas-based operations and profitability platform for moving companies, has acquired Remedy Payments, an embedded payments provider for the moving and storage industry. The acquisition brings Remedy’s payments infrastructure into SmartMoving’s core platform for deeper integration, improved cash flow and streamlined invoicing; Remedy’s CEO Alex Dimitracopoulos will join SmartMoving’s executive team.
Element Fleet Management Corp. has signed a definitive agreement to acquire Car IQ, a San Francisco-based connected vehicle payments technology company. The acquisition will embed vehicle-initiated payments into Element’s fleet management ecosystem and expand Element’s digital payments roadmap across the United States and Canada, with closing expected in December 2025.
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.
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.
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.
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.
Ripple agreed to acquire Rail, a stablecoin-powered global payments platform, for $200 million. The deal expands Ripple’s digital asset payments infrastructure by adding Rail’s virtual accounts and automated back-office capabilities, and is expected to close in Q4 2025 subject to regulatory approvals.
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.
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.
Coinbase has acquired Liquifi, a token management platform that provides token cap table management, vesting and compliance tooling for early-stage onchain teams. The acquisition brings Liquifi's token issuance and compliance capabilities into Coinbase's product suite (including Coinbase Prime) to support builders earlier in their lifecycle and provide a more integrated onchain issuance workflow.
Exectras has acquired TRNXN, a payments company known for its Cash Discount technology, in a deal facilitated by M&A advisor 733Park. The acquisition will expand Exectras' payment services and merchant solutions for small and midsize businesses while bringing TRNXN's payment-processing capabilities into Exectras' membership and employee-benefit platform.
Magic Eden, an NFT and digital asset platform, announced it will acquire Slingshot, a mobile-first crypto trading app focused on cross-chain (“no bridging”) trading. The deal is intended to help Magic Eden evolve into a more extensive, all-encompassing crypto trading platform that reduces reliance on centralized exchanges.
Checkbook has acquired sureti, a digital payments platform that streamlines distribution of insurance claim proceeds and enables vetted restoration contractors to receive funds ahead of work completion. The acquisition integrates sureti's vendor network and fund-control mechanisms into Checkbook's digital endorsement technology to accelerate claim payments, reduce administrative costs, and improve cash flow for contractors and carriers.
Phoenix-based MyCarrier has acquired Curant, a Los Angeles-based digital payments platform serving 3PLs and freight forwarders. The deal brings Curant's payments capability and founder Joe Magee into MyCarrier to integrate automated freight payments into MyCarrier's transportation management platform, accelerating its payments and billing functionality for shippers and carriers.
Thunes, a Singapore-headquartered global cross-border payments company, signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform licensed across 48 U.S. states. The acquisition aims to accelerate Thunes' growth in the United States and expand its capabilities and customer offerings in the online gaming, virtual worlds and creator-economy markets; Tilia will remain based in San Francisco and enter an exclusive five-year partnership with Linden Lab post-closing.
Quisitive Technology Solutions has entered into an agreement to sell its BankCard USA Merchant Services business to BUSA Acquisition Co., a Nevada entity backed by a consortium of BankCard employees and third‑party investors, for US$40.0 million plus other consideration and settlement of prior earnout obligations. The transaction is a divestiture intended to simplify Quisitive into a pure‑play Microsoft Cloud and AI provider, reduce debt and improve its pro forma adjusted EBITDA; the acquiror secured senior secured financing from WhiteHorse Capital to fund the deal.
Nordic Capital has joined Great Hill Partners as a strategic investor in One Inc, a U.S.-based digital payments platform focused on modernizing insurance payments. The growth equity investment (with significant continuing investment from One Inc's management) will fund product innovation and further scale the Company's payments network and customer expansion.
Handle.com, a construction payments and lien-management software provider, received a growth-stage investment from Suffolk Technologies, the venture arm of Suffolk Construction. The strategic funding will pair Handle's payment and credit platform with Suffolk Technologies' industry network to accelerate adoption across contractors and material suppliers in the built environment.
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.
Stax Payments has acquired Atlantic-Pacific Processing Systems (APPS) to integrate APPS’s processing capabilities into a unified, end-to-end payments platform branded as Stax Processing. APPS leadership (including CEO Abe Maghaguian and COO Sarah Gerald) and nearly 50 APPS team members will join Stax as the companies complete integration through 2024 to expand Stax’s processing, data reporting, and multi-channel capabilities.
Shift4 Payments purchased SpotOn’s sports and entertainment business unit for $100 million in cash, acquiring the unit’s customers, some employees and certain technology assets while SpotOn retains and licenses source code for restaurant use. The deal expands Shift4’s presence in the stadiums/venues vertical by adding marquee clients and technology to bundle POS, mobile ordering and payments for sports and entertainment venues.
Velo Payments, Inc. has entered into a definitive agreement to acquire YapStone, Inc., the leading payments platform for the short-term and vacation rental industry. The transaction combines YapStone’s payfac/MSB capabilities and VacationRentPayment product with Velo’s global disbursements and open-banking technology to expand capabilities and deliver lower-cost, cross-border payment experiences for marketplace and STVR customers.
InComm Payments has acquired Zenda, a Palo Alto–based developer of an AI-driven health savings account (HSA) and flexible spending account (FSA) platform. The acquisition expands InComm's healthcare payments capabilities and brings Zenda's automated expense-tracking, smart debit card and tax-optimization features into InComm's InComm Healthcare business unit.
Upgrade, Inc. acquired Uplift, Inc. — a travel-focused Buy Now Pay Later (BNPL) provider — for $100 million in cash and stock. The deal brings Uplift's travel financing capabilities (serving ~3.3 million customers and 300+ travel partners) into Upgrade to expand point-of-sale credit offerings for travel and adjacent consumer finance markets.
When I Work, a leading workforce management platform for shift-based businesses, has acquired fintech startup Lean Financial to integrate on-demand pay and other financial products for hourly and flex workers. The acquisition expands When I Work's capabilities to offer financial solutions (including instant pay and cash advances) aimed at improving retention and financial wellbeing for hourly workers.
JG Wentworth has acquired the digital consumer lending platform and related assets from San Francisco-based fintech Stilt Inc. The deal provides JG Wentworth with Stilt's lending and servicing technology, proprietary credit datasets and underwriting capabilities to accelerate its entry into consumer lending and begin originating loans in 1H 2023.
Fortis, a leader in embedded payments for software providers, has acquired Payment Logistics, a payment technology company based in La Jolla, California. The deal expands Fortis' embedded payments partnerships and technology stack, bringing Payment Logistics' team and integrations into Fortis to accelerate capabilities for retail, hospitality and software partners.
Circle has acquired Elements, a developer-first payments orchestration platform, to accelerate its crypto payments roadmap and make it easier for merchants to accept USDC and other crypto payments. The deal will let Circle scale payments offerings, integrate merchants' existing PSP relationships, and deliver payment APIs and SDKs to lower the barrier of entry for merchants and developers.
J.P. Morgan signed an agreement to acquire Renovite Technologies, a cloud-native payments technology company, to modernize J.P. Morgan Payments’ merchant acquiring platform. The deal is intended to support J.P. Morgan’s roadmap to build next-generation payments processing capabilities globally.
Plastiq Inc., a B2B payments platform for small and midsize businesses, has entered into a definitive merger agreement with special purpose acquisition company Colonnade Acquisition Corp. II to take Plastiq public. The combined company will operate as Plastiq with an implied enterprise value of approximately $480 million at closing and is expected to add about $320 million of cash to the balance sheet to support organic and inorganic growth.
LSQ, a provider of working capital finance and payments solutions, has acquired Qwil, a San Francisco-based fintech offering embedded early-payment and AP automation solutions for the contingent staffing market. The acquisition brings Qwil’s embedded finance platform and integrations together with LSQ’s funding, underwriting and payments scale to expand capabilities for staffing and professional services clients.
Nexa Equity has acquired a majority stake in Choice Inc., a San Francisco-based omnichannel payments platform. Concurrently, Choice acquired Pennsylvania-based Direct Payment Consultants to expand its merchant-facing capabilities, bringing the combined platform to more than $3 billion in annual payments volume across 7,000+ customers in the United States and Canada.
Synovus Bank signed an agreement to strategically invest in Qualpay, taking a 60% ownership interest in the payments technology provider. The investment is intended to support Synovus’ Maast money-as-a-service offering by combining embedded payments and embedded banking on a single integration layer.
Ether Capital’s portfolio company Wyre, Inc. has entered into an agreement to be acquired by Bolt, a checkout and shopper network company. The transaction is expected to close before the end of 2022, subject to regulatory approvals and customary closing conditions.
Blockdaemon has acquired Gem, a cryptocurrency API company that provides a fiat-to-crypto on-ramp and trade data aggregation services. The deal brings Gem's onramp, Connect API, KYC Passport and engineering team (including CEO Micah Winkelspecht) into Blockdaemon to accelerate product capabilities and immediately generate transaction-based revenue.
Western Alliance Bank has completed the acquisition of Digital Settlement Technologies, doing business as Digital Disbursements, a Los Angeles–area digital payments platform focused on class action settlements and other legal industry disbursements. The acquisition brings Digital Disbursements' payment-selection technology, fraud-detection tools and machine-learning risk infrastructure into Western Alliance's settlement services suite; Digital Disbursements will operate as a wholly owned subsidiary led by its existing team.
Fifth Third Bancorp has acquired Dividend Finance, a San Francisco–based fintech point-of-sale lender that provides financing for residential renewable energy and sustainability-focused home improvements. The deal — which involved Dividend's majority shareholder LL Funds — expands Fifth Third's digital lending capabilities and strengthens its renewable energy financing portfolio.
FundThrough has acquired the invoice factoring business of fintech BlueVine, bringing all BlueVine factoring employees into FundThrough and doubling FundThrough's U.S. client base. The deal accelerates FundThrough's U.S. expansion and embedded-finance strategy, positioning it as a larger AI-powered invoice funding platform in North America.
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Find buyers actively acquiring payments & fintech companies.
Common targets include stablecoin infrastructure, real-time account-to-account (“Pay by Bank”) payments, fiat-to-on-chain money movement, and payment workflow automation (e.g., reconciliation and record-to-report).
The recurring buyer names listed include Mastercard, Stax Payments, FundThrough, FLEETCOR Technologies, Inc., Cantaloupe, Inc., Nexa Equity LLC, Choice Inc., and Quisitive Technology Solutions Inc.
Yes. For example, PayNearMe acquired Marr Labs to integrate agentic AI expertise into its Payment Experience Management (PEM) platform to improve the end-to-end payment experience.
They include broader fintech platforms and adjacent infrastructure—for instance, digital commerce with payments/tax management (FastSpring), embedded payments for specific verticals (Remedy Payments), and connected-vehicle payments embedded into fleet ecosystems (Car IQ).