Payments & Fintech Acquisitions in Maine

Stake, the loyalty company for the rental economy, acquired rent payments platform Circa for $9.5 million in cash and stock. The deal integrates Circa’s payments technology and collections capabilities (branded Get Current) into Stake’s renter banking, loyalty, and incentive platform to deliver no-fee rent payments with instant Cash Back and industry-first delinquency management.

WEX Inc. agreed to a $400 million private investment from an affiliate of Warburg Pincus, consisting of $310 million of convertible notes and $90 million of common stock, and also obtained an amendment to its senior secured credit facilities to increase financial flexibility. The transaction strengthens WEX's balance sheet and liquidity as it navigates COVID-19 headwinds and supports its strategic initiatives across fleet, travel and healthcare payments.

PDI (PDI Technologies) has acquired ZipLine (National Payment Card Association), a provider of ACH and mobile payment technology, to add private-label debit and mobile payments to its Marketing Cloud platform. The deal brings integrated digital payments to PDI's loyalty and customer engagement tools, strengthening its offering for convenience retailers, grocers, and petroleum wholesalers.

Capital One agreed to acquire BlueTarp Financial from private equity owner Long Ridge Equity Partners in a deal announced in mid‑2019 and expected to close in Q3 2019. The acquisition expands Capital One’s B2B trade‑credit and servicing capabilities by bringing BlueTarp’s credit management and trade‑credit platform and client relationships (including building‑products distribution) into Capital One.

Blackhawk Network Inc. acquired CashStar Inc., a Portland-based provider of gift card commerce solutions, for approximately $175 million in cash. The deal strengthens Blackhawk's position in the first-party digital gift card market and is expected to be earnings neutral in fiscal 2017 and accretive in 2018 after synergies.