Payments technology company Global Payments Inc. will pay $500 million to buy MineralTree, which provides accounts payable automation and B2B payment solutions. The Atlanta-based company announced the purchase in a news release Wednesday (Sept. 8), saying it would finance the acquisition with cash on hand...
J.P. Morgan (JPM) reached a deal with German carmaker Volkswagen (VW) to buy almost 75 percent of its financial services unit for undisclosed terms, Reuters and other news outlets reported on Wednesday (Sept. 8). The acquisition comes ahead of VW’s upcoming launch of in-car payments...
Mastercard has agreed to acquire Danish open banking technology company Aiia to expand its open banking reach, according to a Tuesday (Sept. 7) press release. Terms of the deal were not disclosed. Aiia is among the top banking tech providers in Europe that bridge the...
Checkout.com, a global payments platform, will be implementing card issuer and payment company JCB’s J/Secure2.0 authentication platform for card-not-present transactions for its merchants in the U.K. The service will add more identification requirements and make checkouts more secure, a press release stated on Tuesday (Sept....
Three days after reaching a valuation of $3.6 billion, the wearables firm Whoop announced it had acquired Push, a Toronto-based sports technology startup. Whoop said Thursday (Sept. 2) that the two companies share the same foundation of sports science and physiological research and “focus on...
Intuit, the company that makes QuickBooks and TurboTax, is in talks to purchase MailChimp, the email marketing platform, in a deal that could be worth over $10 billion. As Bloomberg News reported on Wednesday (Sept. 1), citing sources close to the matter, discussions on the...
The Brazil-based neobank, Nubank, has announced its acquisition of FinTech company Spin Pay, The Block reported on Tuesday (Aug. 31). According to the press release, the deal will help Nubank boost its payment offerings and expand its portfolio to offer Pix, a popular instant payments...
Patreon, an 8-year-old content creation platform that’s helped its users generate a combined $2 billion, has acquired technology recruiting firm Clear Talent, according to a Tuesday (Aug. 31) Reuters report. Spawned by a YouTube musician-turned-entrepreneur and his college roommate, the Patreon platform charges fans a monthly...
As part of a $1 billion cash deal, Russian-based Yandex will purchase Uber’s stake in its collaborative food, grocery and convenience store delivery efforts, as well as the companies’ joint self-driving business, according to a Tuesday (Aug. 31) Yandex announcement. The funds will provide Yandex...
