August M&A Highlight Reel

https://finovate.com/august-ma-highlight-reel/
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Many analysts predicted the latter half of 2020 would be flush
with M&A deals. As the economic effects of the pandemic begin
to take their toll, some fintechs are more open to exiting earlier
than they had planned.

Additionally, volatile stock market conditions are making IPOs
less appealing. This may be what swayed Kabbage,
which had long-been rumored to IPO after becoming an early fintech
unicorn, to agree to be acquired by American Express.

These factors have made August, which is typically a very sleepy
month for fintech news, into a busy time for M&A activity.
Here’s an aggregation of some of the top deals this month.

  • Apple
    acquires
    Mobeewave
  • Metro Bank to
    buy
    Ratesetter for up to $16 million
  • Paya and FinTech III
    agree to
    merge under the name Paya
  • Euronext completes the
    acquisition
    of VP Securities
  • Intercontinental Exchange agrees to
    acquire
    Ellie Mae for $11 billion
  • American Express to
    acquire
    Kabbage
  • Tandem Bank acquires
    Allium Money
  • Xero
    acquires
    invoice financing company waddle for $80 million
  • FTX acquires
    Blockfolio for $150 million
  • WorldRemit to
    acquire
    Sendwave for $500 million
  • Railsbank to buy
    Wirecard’s U.K. division
  • NerdWallet
    purchases
    U.K.-based Know Your Money

Photo by
Noom Peerapong
on
Unsplash

The post August M&A
Highlight Reel
appeared first on Finovate.

https://finovate.com/august-ma-highlight-reel/