Expedia is acquiring CarTrawler, an Ireland-based B2B platform for the travel industry. “The CarTrawler acquisition is another huge, exciting step towards our ambition of building the most complete B2B travel platform,” Alfonso Paredes, Expedia’s president for B2B and chief commercial officer, said in a news...
Embedded payments infrastructure company NMI has acquired account-to-account (A2A) payment infrastructure provider Dwolla. The deal, announced Tuesday (May 19) combines NMI’s background payment acceptance, channel distribution, onboarding and merchant life cycle management with Dwolla’s capabilities in account-to-account infrastructure, real-time payments and open banking. “This acquisition...
Global payments and financial services technology provider Fiserv is spinning off its cash-handling operations into a newly formed joint venture with specialist private equity firm Bridgeport Partners. The transaction will specifically encompass Fiserv’s ATM Managed Services, Cash & Logistics and MoneyPass business lines, according to...
Direct-to-consumer (D2C) clothing seller Everlane has reportedly been sold to fast-fashion-focused eCommerce giant Shein. The deal values Everlane at $100 million and was approved Saturday (May 16) by the Everlane board, according to a Sunday (May 17) report by journalist-owned-and-operated news site Puck. Everlane and...
OpenAI is preparing a potential future lawsuit against Apple due to dissatisfaction with the results of the companies’ two-year-old partnership, Bloomberg reported Thursday, citing unnamed sources. The artificial intelligence (AI) startup is also considering other options, such as sending a notice alleging breach of contract, according to the report. OpenAI...
Anthropic teamed with the Gates Foundation on a $200 million health-and-education-focused artificial intelligence project. The partnership will combine grant funding with technical support and usage credits for Anthropic’s Claude AI model to “extend the benefits of AI in areas where markets alone will not,” according...
Microsoft is reportedly looking to acquire startups to help it launch a new artificial intelligence model, Reuters reported Wednesday (May 13). The report characterized the move as preparation by the tech giant for a future separate from OpenAI. Microsoft had considered acquiring code-generation startup Cursor...
National Australia Bank (NAB) acquired FinTech company Banked to help more businesses receive payments faster and at a lower cost. Banked’s global technology platform uses a digital checkout and account-to-account payments to provide customers and businesses with a better experience and eliminate the need to...
Last year, Western Union announced plans to purchase money transfer service International Money Express (Intermex). That $500 million deal is now facing pushback from New York City Mayor Zohran Mamdami, who argues the acquisition would put financial pressure on the city’s immigrants. “Every month, thousands...