Grab plans to accelerate the growth of its financial services portfolio by acquiring digital investing platform Stash Financial. The company signed definitive agreements to acquire Stash and expects the transaction to close in the third quarter, subject to customary closing conditions, it said in a press release. Upon closing, the...
Money mobility solutions provider Ingo Payments partnered with money transfer FinTech Elektra USA. The collaboration is designed to let Elektra’s customers in the United States, members of the Hispanic community in the U.S., Mexico and Latin America, fund their accounts in the Elektra Go app...
Commerce and payments infrastructure provider Rezolve Ai has acquired U.K.-based cash-back rewards company Reward. The $230 million deal, announced Wednesday (Feb. 11), is designed to bolster Rezolve’s AI commerce platform with Reward’s “live enterprise” retail and banking deployments. “Reward is a profitable, scaled platform that sits directly at the heart...
Amsterdam-based cloud computing company Nebius is acquiring agentic search provider Tavily. The deal, announced Tuesday (Feb. 10), is designed to combine real-time search infrastructure with Nebius’s artificial intelligence (AI) cloud platform amid rapid enterprise adoption of agentic AI. “This acquisition advances Nebius’s strategy to build...
MrBeast is deepening his involvement in the financial services sector. Beast Industries, a creator-based platform founded and led by the YouTube creator and entrepreneur, whose real name is Jimmy Donaldson, announced in a Monday (Feb. 9) press release that it acquired FinTech company Step, which is focused on financial literacy and money...
Poland-based parcel locker company InPost has been sold for $9.2 billion (7.8 billion euros). The deal, announced Monday (Feb. 9), was made by an investor group led by FedEx and private equity group Advent International. “FedEx has a global network that powers the industrial economy, and InPost has a strong and successful...
U.K. banking giant NatWest is acquiring wealth manager Evelyn Partners for 2.7 billion pounds (approximately $3.6 billion). Purchasing Evelyn Partners from private equity operations Permira and Warburg Pincus will allow NatWest to bolster its savings and investment business, the bank said in a Monday (Feb. 9) news release. “At a time when the...
Uber is expanding its payments partnership with FinTech platform Adyen. “The expanded partnership reflects Uber’s growing use of Adyen’s global payments platform to enhance performance and offer more alternative payment methods to support Uber’s continued international growth,” the companies said in a Monday (Jan. 9)...
Virgin Media O2, a leading mobile provider in the United Kingdom, has partnered with flexible payment network Affirm to provide hardware financing. This collaboration will allow O2 customers to access Affirm’s pay-over-time options at checkout when purchasing mobile phones, headphones, game consoles and other hardware, the companies said in a Friday (Feb. 6) press release. Affirm will offer...