Michele Mattei’s Post

Spotlight on this week’s fintech deals, with “Banking, Lending” and “Payments” verticals representing 7 out of our top 10 deals. Our Top 3 Funding Rounds: ✔ Flagstone, a UK-based savings account provider, raised a $139m round led by Estancia Capital Management, LLC. ✔ PPRO, a UK-based e-commerce payments provider, raised $92m from new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal, J.P. Morgan, Citi, and funds managed by BlackRock.  ✔ Perfios, an India-based provider of real-time credit underwriting solutions for banks, announced a $80m funding round led by Ontario Teachers' Pension Plan. Our Selected M&A Highlights: ✔ Frazier Healthcare Partners, acquired RevSpring, a US-based end-to-end communication and payment solutions provider for healthcare and financial services, for a total consideration of $1.3bn. ✔ GoCardless announced the acquisition of Nuapay, a UK-based open banking payment platform for $36m. Please click on the link below to read and download our report https://lnkd.in/eeGzY-ue Follow our page and subscribe to receive the latest Fintech Market updates by email (http://eepurl.com/ih7D_5 ) #fintech, Griffin, AwanTunai, Eclipse Labs, Berachain #banking #lending #payments

GCash Owner Mynt Poised to Fully Acquire ECPay in a Strategic Move Globe Fintech Innovations, Inc (also known as Mynt), which owns leading e-wallet GCash, is set to fully acquire Electronic Commerce Payments Inc (ECPay). Globe Telecom, Mynt’s parent company, announced its decision to sell its dominant stake in ECPay to GCash, and similarly, minority stakeholder Payment One Inc is divesting its share. If approved, this will make ECPay a full acquisition for Mynt. Established in 2001, ECPay, a prominent electronic payment service in the Philippines, became part of Globe’s portfolio in 2019 to boost its distribution reach. Following the acquisition, ECPay will integrate with GCash’s platform, enhancing its digital offerings in a space where GCash is a frontrunner. Read more: https://lnkd.in/gfgFAuXY

Spotlight on this week’s fintech deals, with “Banking, Lending” and “Payments” verticals representing 7 out of our top 10 deals. Our Top 3 Funding Rounds: ✔ Flagstone, a UK-based savings account provider, raised a $139m round led by Estancia Capital Management, LLC. ✔ PPRO, a UK-based e-commerce payments provider, raised $92m from new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal, J.P. Morgan, Citi, and funds managed by BlackRock.  ✔ Perfios, an India-based provider of real-time credit underwriting solutions for banks, announced a $80m funding round led by Ontario Teachers' Pension Plan. Our Selected M&A Highlights: ✔ Frazier Healthcare Partners, acquired RevSpring, a US-based end-to-end communication and payment solutions provider for healthcare and financial services, for a total consideration of $1.3bn. ✔ GoCardless announced the acquisition of Nuapay, a UK-based open banking payment platform for $36m. Please click on the link below to read and download our report https://lnkd.in/eKYctBjd Follow our page and subscribe to receive the latest Fintech Market updates by email (http://eepurl.com/ih7D_5 ) #fintech, Griffin, AwanTunai, Eclipse Labs, Berachain #banking #lending #payments

#acquisitions #mergersandacquisitions #startupindia #startupnews #fintech Payments infrastructure firm Juspay has acquired LotusPay in an all-cash deal. Juspay provides payments solutions for leading companies in various sectors such as BFSI, ecommerce, travel, fintech and airlines. Founded in 2016 by Atma Krishna and backed by Y Combinator, LotusPay provides cloud-based software for merchants and banks. NACH Debit, powered by the NPCI (National Payments Corporation of India), enables banks, financial institutions and merchants to collect recurring payments for loans, investments, insurance premiums, subscriptions, and more. Read on

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The Payment Market Overview 💡 Key Takeaways On The Payment Market: 🤝 Payments M&A has grown to represent over 50% of overall FinTech M&A activity, increasing from 17% in Q3 2021 to 59% in Q3 2023. Key drivers are technological advancements, big tech players entering the market and a highly fragmented payment market. 💰 After a continued decline in payment funding activity, investor appetite is starting to pick up again in Q3 2023 with $9.5bn so far vs. $3.8bn in Q2 2023. 🎯 As investors increasingly focus on profitability, later-stage investments are dominating. 📊 Valuations in the payment sector have come down significantly amid rising cost of capital and economic uncertainty, fueling further M&A activity. 🌎 The top 10 strategic and financial consolidators in the payment industry focus their acquisitions on Europe and the US. Key targets are payment processing, money transfer and B2B payment solutions. 🚀 As the payment market continues to grow, an ever-larger number of payment companies are fueling the next wave of consolidation. Source: Drake Star - https://bit.ly/3tLlPLh #Innovation #Fintech #Banking #Ecommerce #Retail #OpenBanking #OpenAPIs #FinancialServices #Payments #Acquiring #Processing #Consolidation #Valuations

🏆 Exciting News! EveryPay Selected as FinTech Solution of the Year in the BOUSSIAS #DigitalFinance Awards 2024 🚀 We are thrilled to share the incredible news that EveryPay has been recognised as the FinTech Solution of the Year in the prestigious Digital Finance Awards 2024! 🎉🏆 This recognition is a testament to our incredible team's #hardwork, #dedication, and #innovation. We are immensely proud of our strides in revolutionising the financial technology landscape, particularly our unique Marketplace Payments Ecosystem API, and this award reaffirms our commitment to excellence. We want to express our deepest gratitude to the BOUSSIAS team and the #DigitalFinance awards for this honour and to all our clients, partners, and supporters who have been instrumental in our success. Your trust and collaboration have been pivotal in driving to new heights. This achievement wouldn't be possible without the passion and expertise of every team member at EveryPay. Your unwavering commitment to pushing the boundaries of what's possible in FinTech has truly set us apart. As we celebrate this momentous occasion, we remain focused on our mission to build the digital financial infrastructure that underpins e-commerce in Greece, empowering Marketplaces and Merchants to thrive. We look forward to continuing to innovate, collaborate, and deliver cutting-edge solutions that empower our clients and drive positive change in the financial industry. Thank you once again for your ongoing support! Here's to more milestones and continued success in the journey ahead. 🚀🌐 #FinTech #DigitalFinance #AwardWinners #Innovation

Lithuanian FinTech PAYSTRAX Launches in the UK The company provides card transaction acquiring and payment solutions for UK & EU merchants, is a member of the European Payments Group, and holds a Principal Membership license with Visa and Mastercard. "Our aim is simple: to engage with a wide range of UK partners and merchants, providing efficient, high-quality acquiring services, while also harnessing data intelligence to deliver added value to our customers,” Johannes Kolbeinsson, CEO and co-founder of Paystrax said. https://lnkd.in/eR7hewrd Povilas Žiba Marjolein Engels Bjarni Þór Sigurðsson Kristina Adomaviciene #FFNews #Fintech #FintechMagazine #FintechFinance #Paytech #PaytechMagazine #Insurtech #InsurtechMagazine #KYC #Lendtech #Regtech

These are the standout fintech news of the week! 🚀 Salmon Credit Launches in the Philippines Thrilled to share that Salmon has just unveiled Salmon Credit, a credit line with QR Ph payments, providing seamless transactions at 600,000+ merchants in the Philippines. Discover more about this innovative offering: https://lnkd.in/dhNv_Xpd Revolut Business Unveils Swift Competitor, RevTag 🌐 Revolutionizing cross-border payments! Revolut Business introduces 'RevTag', enabling instant, free transactions in 150+ countries. UK users, don't miss out on the added convenience of payout links. Explore further: https://lnkd.in/diajGBep Rapyd Expands Card-Acquiring in Singapore 📈 Rapyd is making waves in Singapore's fintech landscape! They're expanding payment options for local businesses, providing a wide array of choices including debit/credit cards, digital wallets, and cross-border transactions. Learn more: https://lnkd.in/dxJNzs5T IKEA and Afterpay Introduce BNPL Option in the U.S. 🛋️ Exciting news for furniture enthusiasts! IKEA has partnered with Afterpay to bring a "Pay in 4" service to the U.S., making furnishing spaces more accessible and budget-friendly. Dive deeper into this collaboration: https://lnkd.in/dQD2TpFh N26 Hits One Million Customers in Spain 🎉 Major milestone alert! N26, the digital bank, has achieved one million customers in Spain. This surge is attributed to the popularity of their high-interest savings account. Read more about this achievement: https://lnkd.in/eC65ZpUS #fintech #fintechnews

Turkey-based fintech company, Papara, has made a strategic move into South Asia by fully acquiring SadaPay. This acquisition follows Papara's recent expansion into Europe through the purchase of Spanish fintech Rebellion in 2023. SadaPay, one of the fastest-growing Electronic Money Institutions globally, rapidly reached 1 million users. Offering a range of services including P2P money transfers, debit cards, and other payment products, SadaPay processes $1.5 billion in annual payment volume. Notably, it introduced the first numberless debit card in the Middle East and Asia in partnership with Mastercard. These advancements have positioned SadaPay as a significant player in Pakistan’s financial transformation. Since its inception, SadaPay has raised $20 million in equity funding, with recent rounds led by Recharge Capital and Kingsway Capital Partners. Source : https://lnkd.in/dcwGwFyt