Porch Group, which works in virtual software for the home services industry, has bought digital mortgage automation and point-of-sale (POS) company Floify, according to a Wednesday (Oct. 27) press release. The acquisition cost Porch $76.5 million in cash and $10 million of Porch’s common stock,...
Card issuing platform Marqeta is teaming with cloud-based software provider Bill.com to create new virtual commercial card products for Bill.com’s financial institution (FI) customers, according to a Wednesday (Oct. 27) press release. Marqeta provides advanced framework and tools for creating configurable payment solutions. By joining...
Digital payments and financial services firm Paytm on Wednesday (Oct. 27) announced that Switzerland-based reinsurance platform Swiss Re will purchase a 23% stake of Paytm Insuretech, Paytm’s insurance unit, for about 920 crore rupee (a bit more than $122.6 million). Swiss Re will make a...
Hims & Hers Health has had its biggest one-day loss in over two months, following its rival 23andMe’s agreement to buy web-based healthcare platform Lemonaid Health. Hims & Hers is a telehealth platform working on custom health and wellness in multi-specialty needs. The report from...
PayPal is not buying the social media image sharing site Pinterest, the payments giant said in a brief statement on Sunday (Oct. 24). The company responded to what it called “market rumors” about its supposed acquisition of Pinterest and stated that it is “not pursuing...
The specialty insurer HSB has acquired a digital cybersecurity platform from security provider Zeguro. As Reinsurance News reported Friday (Oct. 22), Zeguro’s cyber safety solution is designed to strengthen HSB’s overall cybersecurity capabilities. Customers will get integrated online access to cybersecurity training, compliance policies and...
Customer experience management company Quadient has announced a new collaboration with payments platform Flywire. The companies say this partnership will see Quadient’s accounts receivable Software-as-a-Service (SaaS) solution YayPay extend Flywire’s digital payment solutions to its B2B clients around the globe. “As YayPay’s international footprint and...
Olo, an on-demand commerce platform powering the restaurant industry’s digital transformation, will buy customer intelligence and engagement platform Wisely, according to a Thursday (Oct. 21) press release. The acquisition cost approximately $187 million, with $77 million of the transaction in cash and the remaining $110...
Twitter on Thursday (Oct. 21) acquired chat app Sphere for an unspecified amount, according to a CNBC report cited by Engadget, which notes Sphere is “winding down” the platform in November. The acquisition will accelerate the development of direct messages, communities and creators on Twitter,...
