Tracked deals
11
11 tracked deals across 2020-2026.
Payments & Fintech Buyers & Acquisitions in Illinois
Buyer mix
Strategic-led
8 strategic · 3 pe
Top trend
Volume peaked in 2021
5 tracked deals announced in 2021.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Blackhawk Network | 2 | Global branded payments provider delivering prepaid produ... | Strategic (PE-backed) |
| Celero Commerce | 1 | Vertically-focused commerce solutions provider offering p... | Strategic (PE-backed) |
| Enova International | 1 | Public fintech company providing online lending and finan... | Strategic |
| FG New America Acquisition Corp. (FGNA) | 1 | NYSE-listed blank check company formed to effect mergers ... | Mixed |
| Flywire Corporation | 1 | Global payments enablement and vertical-specific software... | Strategic |
| Francisco Partners | 1 | Private equity firm specializing in technology and techno... | PE |
| Great Hill Partners | 1 | Boston-based private equity firm investing in high-growth... | PE |
| Insight Partners | 1 | Global private equity and venture capital firm investing ... | PE |
| NMI management | 1 | NMI's current management team reinvesting alongside the f... | Investor |
| Payroc WorldAccess, LLC (Payroc) | 1 | Global merchant acquirer and payment processing organizat... | Strategic (PE-backed) |
Acquisition Volume in Payments & Fintech in Illinois by Year
Last 4 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Veriv
- Target
- bankVOD (BVOD Solutions, LLC)
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Veriv announced its first acquisition, purchasing verification provider bankVOD (BVOD Solutions, LLC), aiming to unify financial verification workflows across mortgage and lending, commercial audit, and government eligibility. The deal combines Veriv’s adaptive delivery technology with bankVOD’s long-standing institutional relationships and connections.
-
February 25, 2025
- Buyer
- Flywire Corporation
- Target
- Sertifi
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Flywire Corporation (Nasdaq: FLYW) has acquired Sertifi, a hospitality-focused SaaS and payments platform, for $330 million funded with cash and debt. The acquisition expands Flywire's travel payments footprint into large branded, luxury and boutique hotel subsegments by adding Sertifi's hotel software integrations (used across ~20,000 locations) and is expected to add roughly $35-40M of revenue in FY2025.
-
November 30, 2021
- Buyer
- Stax
- Target
- CardX
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Stax, the Orlando-based all-in-one payments technology provider, has acquired CardX, a Chicago-based automated credit-card surcharging platform. The acquisition integrates CardX's compliance and dynamic-fee capabilities into Stax's payments stack, expands Stax's footprint with a new Chicago office, and brings CardX's ~2,600 merchant customers onto the Stax network.
-
September 9, 2021
- Buyer
- Insight Partners, Francisco Partners, Great Hill Partners, NMI management
- Target
- NMI
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Growth capital
NMI, a global commerce enablement and payments technology platform, received a significant growth-equity investment from Insight Partners, joining existing investors Francisco Partners and Great Hill Partners. The company will remain led by CEO Vijay Sondhi and management (who also reinvested); the capital will be used to accelerate product development, global expansion, and NMI's acquisition strategy.
-
August 11, 2021
- Buyer
- U.S. Bank (U.S. Bancorp)
- Target
- Bento Technologies (Bento for Business)
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
U.S. Bank has agreed to acquire Bento Technologies (Bento for Business), a fintech company that provides card-based payments and automated expense management for small and mid-size businesses. The acquisition is intended to integrate Bento’s accounts-payable and expense management capabilities with U.S. Bank’s existing payments and receivables solutions to offer a more comprehensive cash-management experience for SMB clients.
-
- Buyer
- FG New America Acquisition Corp. (FGNA)
- Target
- Opportunity Financial, LLC (OppFi)
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
FG New America Acquisition Corp. (NYSE: FGNA) announced a special meeting date (July 16, 2021) to approve its previously announced business combination with Opportunity Financial, LLC (OppFi). The deal is subject to FGNA stockholder approval and customary closing conditions, and is expected to close shortly after the special meeting.
-
- Buyer
- Enova International
- Target
- Pangea Universal Holdings
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Enova International has acquired Pangea Universal Holdings, a Chicago-based mobile-first international money transfer platform that serves transfers from the U.S. to about 40 countries with a focus on Latin America and Asia. Enova will leverage its AI/ML, analytics and online financial-services capabilities to expand into the remittance market while Pangea's CEO Nishu Thukral will continue to lead the business.
-
November 6, 2020
- Buyer
- Blackhawk Network
- Target
- National Gift Card (NGC)
- Seller
- Longshore Capital Partners, LaSalle Capital
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Blackhawk Network has completed the acquisition of National Gift Card (NGC), a Crystal Lake, Illinois-based provider of technology-enabled prepaid and gift card solutions. The seller was Longshore Capital Partners (in conjunction with LaSalle Capital); the deal expands Blackhawk's prepaid, fulfillment and program-management capabilities and integrates NGC's fulfillment operations and customer base into Blackhawk's global branded-payments platform.
-
October 28, 2020
- Buyer
- Celero Commerce
- Target
- TransNational Payments
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Addon
Celero Commerce, a PE-backed vertically focused commerce solutions provider, acquired TransNational Payments, a provider of electronic payments technology and business-management SaaS. The deal expands Celero's merchant and financial-institution footprint—bringing the combined company to roughly 40,000 merchants and more than $14 billion in card volume processed annually—and adds proprietary SaaS capabilities and distribution channels to Celero's platform.
-
September 15, 2020
- Buyer
- Payroc WorldAccess, LLC (Payroc)
- Target
- Blackline Partners, LLC (d/b/a eConduit)
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Payroc (Payroc WorldAccess, LLC) has acquired Blackline Partners, LLC (d/b/a eConduit), a cloud API provider that enables software companies to accept EMV card-present payments across multiple countries. The acquisition fills a gap in Payroc's card-present and global integrated processing capabilities, giving its ISV and POS partners a single cloud integration point to many payment terminals and expanding Payroc's integrated payments offering.
-
April 8, 2020
- Buyer
- Blackhawk Network
- Target
- SVM Cards
- Industry
- Payments & Fintech
- Location
- Illinois, United States
- Type
- Buyout
Blackhawk Network has completed its acquisition of SVM Cards, a provider of physical and digital open- and closed-loop prepaid and gift card solutions. The deal expands Blackhawk's prepaid and B2B incentives capabilities by adding closed-loop fuel card issuance and broadening its incentives and corporate gift card offerings.
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