Credit Karma has hired the software consulting firm Bitmatica to bolster data science and engineering work. The team, which specializes in web and mobile development, had previously helped build Lightbox, its first-of-a-kind enterprise platform, according to a company press release. The Bitmatica team consists of...
Dutch technology investment firm Prosus is closing a $4.7 billion deal to acquire Indian payment firm BillDesk, which Prosus will combine with its FinTech PayU, also in India. The transaction is subject to approval from the Competition Commission of India, and follows PayU’s previous acquisition...
Ideanomics, a FinTech company, plans to buy electric commercial vehicle firm VIA Motors in an all-stock deal valuing the company at approximately $630 million, Reuters reported. The acquisition comes at a time when electric vehicles (EVs) are in vogue. Many automakers have been striving to...
UnionBank of the Philippines is partnering with Visa’s FinTech Fast Track program as a bank identification number (BIN) sponsor that will enable FinTechs in the country to develop personalized payment gateways. The bank is the first company from the Philippines to join Visa’s program as...
European FinTech group Ion has continued pursuing Italy-based credit and data provider Cerved, now offering €2.54 billion. Ion is registered in Dublin, and on Friday it increased its offering for Cerved to €10.20 per share. Ion has been looking voraciously into acquiring Cerved after the...
Brazilian digital bank Banco Inter SA has reached an agreement to acquire FinTech startup USEND as part of its plan to reach beyond its South American borders, according to a securities filing, MarketScreener reported Friday (Aug. 27). USEND offers foreign exchange transactions, payments wallets, debit...
Last-mile provider Point Pickup Technologies has acquired white-label eCommerce platform GrocerKey, a move the company says will let retailers “take back control from Instacart.” Point Pickup announced the move in a news release Thursday (Aug. 26), saying it had created the industry’s “first end-to-end, own-branded...
Payments platform LaCore Payment Technologies (LPT) will now offer a buy now, pay later (BNPL) option to its eCommerce merchants as a preferred payment method via a strategic partnership with BNPL startup Sezzle. LPT Chairman Terry LaCore said in a press release on Thursday (Aug....
Playing in the big leagues. That is the new environment French payment platform Limonetik finds itself in, according to CEO and Co-founder Christophe Bourbier, following its acquisition by cross-border payments leader Thunes in July. In an interview with PYMNTS, Bourbier said the Thunes-Limonetik alliance is...
