Mergers & Acquisitions

March, 2022

• 1 March

  Organic Growth, ACH Volume, And M&A Fuel a Big Year for Paya As a Public Company

  

  Marking its first full year as a public company, Paya Holdings Inc. cited organic growth, increasing ACH volume, partnerships, and mergers and acquisitions as key growth drivers. Atlanta-based Paya reported payment volume of $11.7 billion for the fourth quarter, up from $9.2 billion from the same period in 2020, a …
• 1 March

  A Pair of Acquisitions Propel Shift4 Into Blockchain And Cross-Border Processing

  

  Shift4 Payments Inc. early Tuesday said it has concluded agreements to acquire international e-commerce acquirer Finaro and cryptocurrency-based donation platform Giving Block in deals valued at $875 million in cash and stock, including future earnout provisions. The latter deal has already closed, while Allentown, Pa.-based Shift4 expects to close the …
• 1 March

  DoorDash To Acquire Restaurant Tech Firm and other Digital Transactions News briefs from 3/1/22

  

  Delivery platform DoorDash Inc. said it has agreed to acquire Bbot, a provider of online and in-store ordering and payments technology for restaurants. Terms were not announced.A survey from PCI Pal of 1,100 Canadian consumers found that 85% said trust in an organization’s ability protect personal data and secure payment processes is of the …

February, 2022

• 28 February

  Australia’s Zip Beefs Up in the U.S. Market With a $355.5 Million All-Stock Deal for Sezzle

  

  Australian fintech Zip Co Ltd. is poised to expand its buy now, pay later services through a definitive agreement to acquire Sezzle Inc. in an all-stock deal that values Sezzle at $355.5 million, or 491 million in Australian dollars (AUS). The deal is expected to significantly expand Zip’s presence in the …
• 28 February

  Co-Op Rebrands as Co-Op Solutions and other Digital Transactions News briefs from 2/28/22

  

  Co-op Financial Services, which operates a network of 30,000 ATMs for credit unions, has rebranded as Co-op Solutions.Processor Evertec Inc. announced an extension of agreements with Banco Popular de Puerto Rico, which includes a 10-year extension of a merchant acquiring independent sales organization agreement. Evertec also announced it was acquiring BBR SpA, a Chile-based …
• 25 February

  MoneyGram Posts $1.3 Billion in 2021 Revenue and other Digital Transactions News briefs from 2/25/22

  

  MoneyGram International Inc., which is being acquired by private-equity player Madison Dearborn for $1.8 billion, said it had fourth quarter revenue of $324.6 million, a 0.4% increase from $323.3 million in the 2020 fourth quarter. Net income for last quarter of 2021 was $4.2 million, a 37% decrease from $7.3 million …
• 24 February

  How Block’s Afterpay Deal Could Energize Its Seller And Cash App Businesses At the Same Time

  

  With the close of Block Inc.’s $29-billion acquisition of buy now, pay later platform Afterpay Ltd. at the end of January, the payments company installed a key component in a plan to more tightly integrate its seller and consumer businesses, Square and Cash App, according to Block’s top executives. Indeed, …
• 24 February

  Tipalti Volume Tops $36 Billion and other Digital Transactions News briefs from 2/24/22

  

  Business-to-business payments provider Tipalti Inc. reported “unprecedented” growth in payments volume in 2021, with volume growing more than 100% from 2020 to more than $36 billon. The company’s client base increased to more than 2,000, including GoDaddy, Roku, ZipRecruiter, and Amazon Twitch.Fintech Social Finance Inc. said its SoFi Technologies Inc. unit has launched SoFi …
• 23 February

  EVO Posts Double-Digit Gains in Volume And Revenue As It Seeks Out Further M&A

  

  EVO Payments Inc. capped off 2021 as a year of recovery from the impact of the pandemic as its top brass on Wednesday indicated the Atlanta-based processor intends to step up its hunt for acquisitions.  “As we move further into 2022, we look forward to closing our acquisition in Greece …
• 23 February

  TreviPay To Acquire Baton Financial and other Digital Transactions News briefs from 2/23/22

  

  Fintech TreviPay said it is acquiring Baton Financial Services Inc., which provides a business-to-business invoice payments network. Terms were not disclosed.Mobile wallet payment provider Citcon said its service is now integrated with Abacus Business Computer, a merchant services company serving restaurant and retail merchants.U.S.-based payments-technology provider ACI Worldwide Inc. announced South Africa’s Nedbank will move all …