Like Rapid SD

closed 6/26/2019 via BNC Analysis

PaySend, acquired Rapid SD

synopsis: Paysend, UK's next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card, has acquired Rapid SD, a software development company that focuses on cryptocurrency.
buyer: PaySend
Headquartered in the UK, PaySend is the next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card in 70+ countries. It’s a fast, easy and secure way to send money to people at a fixed low price. "
target: Rapid SD
Headquartered in Australia, Rapid SD is a software development company that focuses on cryptocurrency. Rapid SD Pty has focused on addressing the volatility of cryptocurrencies and shortage of liquidity on Stellar DEX, by creating a new global stablecoin.
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closed 8/11/2021 via Company Press Release

Gemini Trust Company, LLC, acquired Guesser Inc.

synopsis: Gemini has acquired Guesser, a company that develops and operates a prediction market platform where users can invest in the outcome of events using cryptocurrency. Its platform compares outcomes and analyzes continuously updated information about outcome prices and odds, bet limits, trader trends, latest news, and site fees.
buyer: Gemini Trust Company, LLC
Gemini is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store cryptos such as bitcoin, bitcoin cash, ether, zcash, and litecoin. Gemini is a New York trust company regulated by the New York State Department of Financial Services. "
target: Guesser Inc.
Guesser develops and operates a prediction market platform where users can invest in the outcome of events using cryptocurrency. Its platform compares outcomes and analyzes continuously updated information about outcome prices and odds, bet limits, trader trends, latest news, and site fees.
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announced 1/20/2021 via PR Newswire

SOS Limited, will acquire FXK Tech Corporation

synopsis: SOS Limited announced it has entered into a non-binding letter of intent to acquire FXK Tech Corporation, a Canadian-based company, specializing in the blockchain technology consulting and operations and support for cryptocurrency exchanges and cloud crypto algorithmic power exchanges.
buyer: SOS Limited (NYSE:SOS:$0.00)
SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. (SOS) is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. "
target: FXK Tech Corporation
FXK Tech Corporation is a Canadian-based company, headquartered in Richmond, B.C, specialized in the blockchain technology consulting, and operations and support for crypto currency and cloud crypto algorithmic power exchanges.
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closed 5/11/2016 via Company Press Release

Synechron Inc., acquired Hatstand

synopsis: Synechron, Inc., a global consulting and technology innovator in the financial services industry, announced the acquisition of Hatstand, a global financial services consultancy and capital markets specialist.
buyer: Synechron Inc.
Synechron, the largest independent pure-play technology consulting and outsourcing provider for the financial services industry, is a $300-million firm based in New York. Synechron has been on a steep growth trajectory, with 5,000+ professionals operating in 16 countries across the world. "
target: Hatstand
Hatstand is a global financial consultancy and capital markets specialist. It operates in three key areas of financial markets: trading - systems & connectivity, data management and regulation & risk.
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closed 7/5/2012 via BusinessWire

Nomura Research Institute, Ltd., purchased Anshin Software Pvt. Ltd. from Anshinsoft Corp.

synopsis: Nomura Research Institute, Ltd., a leading provider of consulting services and system solutions, announced it has completed the acquisition of Anshin Software Pvt. Ltd., an IT consulting and software development company, establishing the firm's second group company in India – Nomura Research Institute Financial Technologies India Pvt. Ltd.
buyer: Nomura Research Institute, Ltd. (TSE:4307:$5,057.92)
Nomura Research Institute is an independent, global IT solutions and consulting services provider. With front-to-back support for the buy- and sell-side, NRI's tradition of innovation has positioned them as a trusted international market leader. "
seller: Anshinsoft Corp.
Anshinsoft offers IT consulting, out of the box software solutions and custom software development services to its global clientele, with a special focus on the Capital Market domain. Their onsite consulting services are complemented with a seasoned and credible offshore development team.
price ($mm)
$0.10
rev ($mm)
EBITDA ($mm)
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closed 3/23/2012 via BNC Analysis

tastytrade, Inc., acquired Quiet Foundation, LLC

synopsis: Online financial network operator tastytrade has acquired Quiet Foundation to boost its media production and technology infrastructure. Quiet Foundation is a web design and technology firm. Founder, Linwood Ma, creates and maintains some of the financial industry’s leading trading platforms and applications.
buyer: tastytrade, Inc.
tastytrade is an online financial network operator that produces original, live programming. Their shows are available on the official website, iTunes, Apple TV, Apple Radio, and Roku. "
target: Quiet Foundation, LLC
Quiet Foundation focuses on software design and implementation, taking a toolmaker's perspective. Quiet Foundation' founder, Linwood Ma, has been involved in creating and maintaining some of the financial industry’s leading trading platforms and applications.
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closed 7/12/2011 via PR Newswire

Pariveda Solutions, Inc., acquired Softagon Corporation

synopsis: Pariveda Solutions, Inc., a leading provider of strategic consulting services and technical solutions expertise, announced that it has completed the acquisition of Softagon Corporation, a California-based software and services company specializing in solutions for hedge funds, investment managed firms and corporations.
buyer: Pariveda Solutions, Inc.
Headquartered in Dallas, Texas, Pariveda Solutions, Inc. is a leading information technology consulting firm delivering strategic services and technology solutions at the edge. Pariveda's technology solutions include custom application development, business intelligence (BI), mobility, and more. "
target: Softagon Corporation
Since its founding in 1998, Softagon has been preferred by leading hedge funds, investment firms and technology companies because of a track record of successfully creating custom software that results in real value and improvements in operational and investment performance.
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closed 8/21/2007 via Company Press Release

DST International, acquired Mosiki Development

synopsis: DST International, a leader in IT solutions for the investment management industry, has today announced the acquisition of Mosiki Development, a consulting and software firm specialising in financial services technology.
buyer parent: DST Systems, Inc.
buyer: DST International (:$0.00)
DST International (DSTi) specialises in the development and implementation of smart software solutions. We are specifically focussed on Asset Management, Business Process Management, Utility Billing and Document Management. "
target: Mosiki Development
Mosiki Development, Inc. develops software consulting services for the financial services firms. The company offers Mosiki QT, a browser based application, which enables users to consolidate multiple data sources and streamline processes.
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closed 4/25/2007 via

SunGard Data Systems Inc., acquired Finetix LLC

synopsis: SunGard has acquired New York based Finetix LLC, a leading technology consulting firm focused primarily on the financial services sector. The transaction, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results.
buyer: SunGard Data Systems Inc.
SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. "
target: Finetix LLC
Finetix is the leading Financial Services IT consulting firm specializing in delivering custom solutions to clients trading in Capital Markets. We have an unsurpassed track record in delivering technically excellent solutions frequently, reliably and with reduced risk.
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closed 2/28/2017 via PR Newswire

Avanade Inc., acquired Infusion Development Corporation

synopsis: Avanade announced it has acquired Infusion, a global software engineering, design and digital strategy firm that delivers digital business transformation for the enterprise with strong Microsoft technology expertise. The acquisition reinforces Avanade's position as the leading digital innovator in the Microsoft ecosystem.
buyer parent: Accenture
buyer: Avanade Inc.
Avanade helps clients realize results in a digital world through business technology solutions, cloud and managed services that combine insight, innovation and expertise focused on Microsoft technologies. "
target: Infusion Development Corporation
Infusion is a global software engineering, design and digital strategy firm that helps expedite digital business transformation for the enterprise, with deep domain expertise in financial services, insurance and capital markets.
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announced 1/27/2017 via GlobeNewswire

LineData Services, will acquire Gravitas Technology Services

synopsis: Linedata, the global solutions provider to the investment management and credit industries, signed an agreement to acquire Gravitas Technology Services (Gravitas), a leading provider of middle office and technology services to the asset management industry. Gravitas is based mainly in New York (USA) and Mumbai (India).
buyer: LineData Services (ENXTPA:LIN:$197.04)
Linedata is a global solutions provider dedicated to the investment management and credit community. Linedata applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. "
target: Gravitas Technology Services
Gravitas has been servicing the financial services industry as a trusted provider of IT services. They provide fund and technology services enabled by dedicated professionals, industry standard processes and world-class technology to create smart scale and reduce operational risk and overall costs.
price ($mm)
rev ($mm)
$27
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/2/2015 via PR Newswire

SS&C Technologies, Inc., acquired Varden Technologies

synopsis: SS&C Technologies Holdings, Inc., a leading global provider of financial services software and software-enabled services, announced the acquisition of Varden Technologies, a leading provider of client and advisor communication solutions for investment firms.
buyer: SS&C Technologies, Inc. (SSNC:$5,112.60)
SS&C provides investment and financial software-enabled services and software focused on the financial services industry. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. "
target: Varden Technologies
Varden Technologies, Inc. is a privately-held, Boston-based, investment technology firm with two business lines: proprietary software and technical consultancy. Varden offers a platform called eReportal, which is an auditable and workflow-driven client communications system.
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announced 11/22/2011 via PR Newswire

FFastFill plc, will acquire WTD Consulting, Inc.

synopsis: London-based FFastFill plc, the leading provider of Software as a Service to the global derivatives community, announced that it has entered into an agreement to acquire the trade and assets of Chicago-based technology consulting and software solutions business, WTD Consulting, Inc.
buyer: FFastFill plc (GB:FFA.GB:$24.91)
FFastFill is the leading provider of Software as a Service to the global derivatives community, using the latest developments in technology to automate trade flow processes across a firm's front, middle and back offices. "
target: WTD Consulting, Inc.
WTD Consulting (WTD) provides a full range of data-management programs, system consulting and development services for the front, middle and back office. WTD counts among its clients many of the leaders in the financial services industry.
price ($mm)
$6.90
rev ($mm)
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closed 4/9/2010 via Market Wire

Compushare, Inc., acquired InfoPartners, Inc.

synopsis: Compushare, Inc., the leading Financial Technology Management solutions provider for financial institutions across the United States, has acquired InfoPartners, Inc., the premier IT services provider for Venture Capital, Private Equity and Hedge Funds.
buyer: Compushare, Inc.
Compushare is the leading provider of high quality, innovative technology and compliance solutions for the financial services industry. Compushare takes a strategic, consultative and customized approach to the selection, implementation and management of technology. "
target: InfoPartners, Inc.
InfoPartners is a customer focused full-service IT firm, that is committed to creating a uniquely tailored user experience that exceeds expectations. Their clients measure InfoPartners through response times, one call resolutions, and their ability to solve their business problems with technology.
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closed 2/16/2022 via Company Press Release

BCB Group Holdings Ltd, acquired Lab577 Ltd

synopsis: BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy, announced that it has acquired LAB577, a software engineering venture studio at the nexus of financial services and emerging technology. 
buyer: BCB Group Holdings Ltd
BCB Group is Europe’s leading provider of business accounts and trading services for the digital asset economy. They provide accounts and payments processing for the pillars of the industry including Bitstamp, Kraken, Gemini, Galaxy, BitPay, Circle in dozens of fiat and cryptocurrencies. "
target: Lab577 Ltd
LAB577 is a venture studio at the nexus of financial services and emerging technology. They're specialists in leading high energy teams to shape and deliver maximum business benefits through emerging technology solutions for financial service institutions – new and old.
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closed 12/2/2020 via BusinessWire

West Monroe Partners, acquired Two Six Capital

synopsis: West Monroe, a national business and technology consulting firm, announced it has acquired Two Six Capital, a San Francisco-based, technology-enabled firm that pioneered data science for private equity.
buyer: West Monroe Partners
West Monroe is a national business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance. "
target: Two Six Capital
Founded in 2013, Two Six Capital leverages proprietary technology—powered by artificial intelligence and machine learning—to advise private equity firms with one primary objective: understand and project the drivers of revenue.
price ($mm)
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closed 10/17/2018 via BusinessWire

Accenture, acquired TargetST8

synopsis: Accenture has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. They help its clients leverage proprietary digital lending solutions, including deploying artificial intelligence and robotic process automation.
buyer: Accenture (ACN:$53,736.36)
Accenture is a global professional services company, providing a range of services and solutions in strategy, consulting, digital, technology & operations. Accenture works at the intersection of business and technology to help clients improve their performance & create value for their stakeholders. "
target: TargetST8
Founded in 2013, TargetST8 focuses exclusively on the financial markets. Serving leading banks and investment firms in the U.S. and Europe, the company helps its clients leverage proprietary digital lending solutions, including deploying artificial intelligence and robotic process automation.
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closed 7/13/2022 via BNC Analysis

Primary S.A., acquired Lumina Americas, Inc.

synopsis: Matba Rofex Group's subsidiary Primary acquires Lumina Americas to expand its technology offerings in Latin America. Lumina Americas is a software company that designs, develops, and implements financial industry solutions with a focus on Latin America and a leadership position in Mexico.
buyer parent: Matba Rofex
buyer: Primary S.A.
Based in Argentina, Primary develops technology for markets and participants. They enable, streamline and support the full cycle of interaction: access, trading, risk management, back office and post trade. "
target: Lumina Americas, Inc.
Lumina Americas is a software company that designs, develops, and implements financial industry solutions with a focus on Latin America and a leadership position in Mexico. Lumina Americas has worked for several leading entities in the financial markets over the past two decades.
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closed 5/16/2018 via BNC Analysis

Fimas GmbH, acquired Q-fin GmbH

synopsis: Through its Frankfurt-based subsidiary FIMAS GmbH, Be Group acquired 100% of Q-fin, a company specialized in solutions and services for the Capital Markets. Q-fin GmbH of Magdeburg, Germany offers individual software solutions, a special focus in IT consulting and the development of financial software.
buyer parent: Be Think, Solve, Execute S.p.A. Group
buyer: Fimas GmbH
FIMAS is specialised in providing consulting and IT services to banks, asset managers, stock exchange, CSDs, clearing houses and depository banks around the topics of trading, clearing and settlement of derivatives and securities. "
target: Q-fin GmbH
Q-fin is a German company specialized in solutions and services for the Capital Markets. Q-fin GmbH Magdeburg offers individual software solutions, a special focus in IT consulting and the development of financial software.
price ($mm)
$1.20
rev ($mm)
$2
EBITDA ($mm)
$0
EV / rev
0.6x
EV / EBITDA
2.9x
closed 2/14/2017 via BNC Analysis

Be Think, Solve, Execute S.p.A. Group, acquired Fimas GmbH

synopsis: Be Group Think, Solve, Execute S.p.A. acquires 60% of FIMAS GmbH, a Frankfurt-based niche consulting firm. FIMAS is specialised in providing consulting and IT services to banks, asset managers, stock exchange, CSDs, clearing houses and depository banks around the topics of trading, clearing and settlement of derivatives and securities.
buyer: Be Think, Solve, Execute S.p.A. Group (BIT:BET:$247.17)
Be Group provides Business Consulting, Information Technology and Process & Document Management services. A combination of specialist skills, advanced proprietary technologies and a wealth of experience enable the Group to create value and boost business growth for financial/insurance institutions. "
target: Fimas GmbH
FIMAS is specialised in providing consulting and IT services to banks, asset managers, stock exchange, CSDs, clearing houses and depository banks around the topics of trading, clearing and settlement of derivatives and securities.
price ($mm)
$1.31*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.6x
EV / EBITDA
closed 6/26/2019 via BNC Analysis

PaySend, acquired Rapid SD

synopsis: Paysend, UK's next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card, has acquired Rapid SD, a software development company that focuses on cryptocurrency.
buyer: PaySend
Headquartered in the UK, PaySend is the next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card in 70+ countries. It’s a fast, easy and secure way to send money to people at a fixed low price. "
target: Rapid SD
Headquartered in Australia, Rapid SD is a software development company that focuses on cryptocurrency. Rapid SD Pty has focused on addressing the volatility of cryptocurrencies and shortage of liquidity on Stellar DEX, by creating a new global stablecoin.
price ($mm)
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closed 6/26/2019 via BNC Analysis

PaySend, acquired Rapid SD

synopsis: Paysend, UK's next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card, has acquired Rapid SD, a software development company that focuses on cryptocurrency.
buyer: PaySend
Headquartered in the UK, PaySend is the next generation money transfer platform allowing users to send funds directly to any Visa, MasterCard and UnionPay card in 70+ countries. It’s a fast, easy and secure way to send money to people at a fixed low price. "
target: Rapid SD
Headquartered in Australia, Rapid SD is a software development company that focuses on cryptocurrency. Rapid SD Pty has focused on addressing the volatility of cryptocurrencies and shortage of liquidity on Stellar DEX, by creating a new global stablecoin.
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announced 8/16/2022 via BusinessWire

Remitly, will acquire Rewire inc.

synopsis: Remitly Global, Inc., a leading global digital financial services provider for immigrants and their families, announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers.
buyer: Remitly (RELY:$458.61)
Remitly is a leading digital financial services provider for immigrants and their families in over 170 countries around the world. Remitly helps immigrants send money home in a safe, reliable and transparent manner. "
target: Rewire inc.
Rewire is a cross-border financial services platform that meets the unique financial needs of migrant workers. It provides innovative and accessible financial services through one easy-to-use app including money transfer, debit cards, and the ability to make cross-border bill payments.
price ($mm)
$80
rev ($mm)
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announced 3/28/2022 via PR Newswire

Papaya Global, will acquire Azimo

synopsis: Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, the global digital cross-border payments service, making it possible to pay employees almost instantly regardless of geography and typical payroll limitations.
buyer: Papaya Global
Papaya Global offers a total workforce management solution supporting all types of global workers in over 160 countries. The automated, cloud-based SaaS platform provides an end-to-end solution, from onboarding to on-going management and cross-border payments. "
target: Azimo
Azimo is a digital money transfer service with offices in London, Krakow and Hong Kong. Azimo's mission is to use technology to make financial services affordable and available to all. Its apps and website enable people to make faster, cheaper money transfers to more than 150 countries worldwide.
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announced 9/2/2021 via BusinessWire

Pollen Street Capital, will acquire Ding

synopsis: Pollen Street Capital, a private equity fund in London, will acquire a majority stake in Ding, the world’s largest mobile top-up service. Ding provides a safe, simple, and convenient top-up service. Their online platform and app enables people living abroad to send mobile phone top up instantly to family and friends back home in over 130 countries.
buyer: Pollen Street Capital
Pollen Street Capital, based in London, is a private equity fund manager focussed on investing in businesses in the financial services sector. Pollen Street Capital has invested over £1.2bn in a range of businesses across all stages of development. "
target: Ding
Ding is the world’s largest mobile top-up service. Ding provides a safe, simple, and convenient top-up service. Their online platform and app enables people living abroad to send mobile phone top up instantly to family and friends back home in over 130 countries across the world.
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closed 4/16/2021 via BNC Analysis

Zeepay, acquired Mangwee

synopsis: Zeepay, a mobile financial services company in Ghana, has acquired a 51% stake in Mangwee Mobile Money Zambia, a safe and secure electronic wallet service in Zambia. Mangwee offers a mobile money transfer platform that makes lives easier. Their platform allows users to transfer money, pay bills, make bulk payments, purchase airtime, and more.
buyer: Zeepay
Zeepay is a mobile financial services company in Ghana. Zeepay offers mobile financial services to financially excluded people in Ghana. Their platform is a one stop shop for utility payments, money transfers, transport payments, aid payments, airtime top-off and more. "
target: Mangwee
Mangwee is a safe and secure electronic wallet service in Zambia. Mangwee offers a mobile money transfer platform that makes lives easier. Their platform allows users to transfer money, pay bills, make bulk payments, purchase airtime, and more.
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closed 9/30/2020 via BNC Analysis

Bitz, acquired DinDin

synopsis: Bitz, a digital wallet in Brazil that makes it easier to pay bills and receive money, has acquired DinDin, a digital payments wallet in Brazil. DinDin makes it easy and safe to send and receive payments from friends and family. Their mobile app allows users to generate bills, manage receipts and payments, pay bills, transfer money, and more.
buyer parent: Bradesco
buyer: Bitz
Bitz is a digital wallet in Brazil that makes it easier to pay bills and receive money. Bitz's mobile app allows users to securely make payments, top off their cell phones, shop online, transfer money to friends and more. "
target: DinDin
DinDin is a digital payments wallet in Brazil. DinDin makes it easy and safe to send and receive payments from friends and family. Their platform and mobile app allows users to generate bills, manage receipts and payments, pay bills, split up payments, transfer money, and more.
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announced 6/24/2020 via BNC Analysis

Yoma Strategic Holdings Ltd., will acquire Wave Money

synopsis: Yoma Strategic Holdings Ltd., a leading business corporation with a diversified portfolio of businesses in Myanmar, will acquire an 85% stake in Wave Money from Telenor, a communications company in the Nordics and Asia. Wave Money is a mobile financial services provider in Myanmar that offers users a convenient way to send and receive money.
buyer: Yoma Strategic Holdings Ltd.
Yoma Strategic Holdings Ltd. is a leading business corporation with a diversified portfolio of businesses in Real Estate, Consumer, Automotive & Heavy Equipment, Financial Services and Investments in Myanmar. "
target parent: Telenor Group
target: Wave Money
Wave Money is the leading mobile financial services provider in Myanmar. Wave Money offers users an instant, safe and convenient way of sending and receiving money through their mobile phones. Their app enables customers to send money to anyone in Myanmar at any time using just a phone number.
price ($mm)
$77*
rev ($mm)
EBITDA ($mm)
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closed 2/1/2017 via BNC Analysis

SoFi, acquired Zenbanx

synopsis: SoFi announced it has acquired Zenbanx, a Delaware-based fintech firm providing multi-currency mobile banking services in the United States and Canada. The company intends to leverage Zenbanx's platform and underlying technology to expand SoFi's growing suite of online personal finance offerings.
buyer: SoFi (SOFI:$867.87)
SoFi is a new kind of finance company taking a radical approach to lending, wealth management, and insurance. From unprecedented products and tools to faster service and open conversations, they're all about helping their members get ahead and find success. "
target: Zenbanx
Zenbanx is a financial technology provider that offers mobile, multi-currency accounts through relationships with regulated financial institutions. It enables customers to hold balances denominated in up to 9 currencies offered in a single account and exhange currencies and transfer funds.
price ($mm)
$100
rev ($mm)
EBITDA ($mm)
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closed 11/12/2015 via BusinessWire

PayPal, Inc., acquired Xoom Corporation

synopsis: PayPal, Inc. announced is has acquired Xoom, a digital money transfer provider. Xoom is a leader in international remittances enabling customers in the United States to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way, using their mobile phones, tablets or computers.
buyer parent: eBay
buyer: PayPal, Inc. (PYPL:$21,454.00)
PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. "
target: Xoom Corporation (XOOM:$177.06)
Xoom is a leading digital money transfer provider that enables consumers to send money, pay bills and send mobile reloads to family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer.
price ($mm)[EV]
$975 [$788]
rev ($mm)
$147
EBITDA ($mm)
$7
EV / rev
5.9x
EV / EBITDA
123.1x
closed 8/2/2017 via BNC Analysis

Payconiq, acquired Digicash Payments SA

synopsis: Payconiq has announced that it is expanding its business footprint in the Grand Duchy of Luxembourg with the acquisition of the Digicash Payments application. Digicash Payments is the company managing Luxembourg smartphone payment app Digicash.
buyer parent: ING Group NV
buyer: Payconiq
Payconiq, the 2014 brainchild of the ING innovation lab, is a European mobile payment initiative with offices in Amsterdam, Brussels, Hasselt and Luxembourg. Currently, over 35,000 shops are actively connected to the system in Belgium and rollout is imminent in the Netherlands. "
target: Digicash Payments SA
Digicash Payments is the company managing Luxembourg smartphone payment app Digicash. The Digicash system works in partnership with banks, shops, insurers and energy providers, among others, and its mobile app is used by one-quarter of the Luxembourg population.
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closed 8/29/2016 via PR Newswire

TerraPay, acquired Pay2Global

synopsis: TerraPay, a mobile-first payment transfer company incubated by Mahindra Comviva, announced it has completed the acquisition of UK-based money-transfer company, Pay2Global Limited, following regulatory approvals. In an outright purchase, TerraPay has acquired 100% of Pay2Global for an undisclosed amount.
buyer: TerraPay
TerraPay is a mobile-first international payment network that interconnects financial services providers -- mobile wallet service providers, money transfer operators, banks and payment platforms – to create a “one network” for secure and seamless transnational movement of funds. "
target: Pay2Global
Pay2Global is a leading foreign currency, money remittance and global payments company based in the heart of London. Pay2Global is a regulated digital international money transfer company with passporting rights into the European Economic Area (EEA).
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closed 11/21/2013 via BNC Analysis

Boku, Inc., acquired Qubecell

synopsis: Boku, San Francisco-based mobile payments and carrier billing company, has acquired Qubecell, India’s largest carrier billing company. Founded in 2012, Qubecell is India's first pure-play mobile billing aggregator. They are integrated with all leading operators in India and are now expanding their reach to operators in other emerging markets.
buyer: Boku, Inc. (AIM:BOKU:$50.15)
The Boku payments service enables consumers to make online purchases of digital and virtual goods with their mobile phones. The company is creating a new standard for mobile transactions by bringing bank-grade mobile payments to the Web. "
target: Qubecell
Founded in 2012, Qubecell is India's first pure-play mobile billing aggregator. They are integrated with all leading operators in India and are now expanding their reach to operators in other emerging markets.
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closed 6/9/2011 via BusinessWire

Visa, Inc., acquired Fundamo

synopsis: Visa Inc., a global leader in payments, announced that it is acquiring Fundamo, a leading platform provider of mobile financial services for mobile network operators and financial institutions in developing economies. Fundamo’s platform enables the delivery of mobile financial services to unbanked and under-banked consumers around the world.
buyer: Visa, Inc. (V:$21,354.00)
Visa Inc. is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. "
target: Fundamo
Fundamo’s Enterprise Mobile Financial Services platform is architected for configurability and scalability to evolve with the needs of mobile subscribers to deliver increasingly compelling, tailored and differentiated mobile financial services as the market matures.
price ($mm)
$110
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2009 via BNC Analysis

Boku, Inc., acquired Paymo

synopsis: Boku Inc. has raised $13 million in venture funding and acquired both Paymo and Mobillcash. Boku enables mobile payments for virtual goods on Webs sites and in games in 53 countries on 193 carriers, including on all major U.S. carriers. Purchases appear on consumers' mobile phone bills.
buyer: Boku, Inc. (AIM:BOKU:$50.15)
The Boku payments service enables consumers to make online purchases of digital and virtual goods with their mobile phones. The company is creating a new standard for mobile transactions by bringing bank-grade mobile payments to the Web. "
target: Paymo
Paymo is the trusted mobile payment system that allows consumers anywhere in the world to buy online and pay with their mobile phone. Paymo is the world's first globally available mobile payment network.
price ($mm)
$12
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2009 via BNC Analysis

Boku, Inc., acquired Mobillcash

synopsis: Boku Inc. has raised $13 million in venture funding and acquired both Paymo and Mobillcash. Boku enables mobile payments for virtual goods on websites and in games in 53 countries on 193 carriers, including on all major U.S. carriers. Purchases appear on consumers' mobile phone bills.
buyer: Boku, Inc. (AIM:BOKU:$50.15)
The Boku payments service enables consumers to make online purchases of digital and virtual goods with their mobile phones. The company is creating a new standard for mobile transactions by bringing bank-grade mobile payments to the Web. "
target: Mobillcash
Mobillcash is a global mobile payments platform that makes your mobile phone the standard way to pay for goods and services online.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2018 via Company Press Release

WiZink, acquired Aplazame

synopsis: ALLVP is pleased to announce the sale of portfolio company Aplazame to Spanish online leading bank, WiZink. Aplazame offers a unique payment alternative to e-commerce customers by providing lending directly at the point-of-sale based on a proprietary platform and risk algorithm, while stores use it as a marketing tool to increase sales.
buyer: WiZink
WiZink is an online bank specialized in simple credit and savings solutions to respond to the daily needs of our customers. At WiZink they have a specialization model unique in the market: they are a bank without branches. "
target parent: ALLVP
target: Aplazame
Aplazame offers a unique payment alternative to e-commerce customers by providing lending directly at the point-of-sale based on a proprietary platform and risk algorithm. It offers a simple, transparent financing for consumers’ online purchases, through an integrated responsive plugin.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/24/2010 via PE Hub

T-Venture Holding GmbH, acquired FIRSTGATE Holding AG

synopsis: Deutsche Telekom has acquired all remaining shares in ClickandBuy, a European digital payments platform and e-payments system. Deutsche Telekom already held a 20.2% stake via its venture capital subsidiary.
buyer: T-Venture Holding GmbH
T-Venture, the Venture Capital Company of Deutsche Telekom, was founded in 1997. T-Venture advises and looks after young, innovative enterprises which show economical and technological synergies with the business units of Deutsche Telekom. "
target: FIRSTGATE Holding AG
FIRSTGATE Holding is the parent company of ClickandBuy, one of the leading premier online payment services. Certified by McAfee and tested by Germany’s Technical Inspection and Testing Association (TUV), this online payment system is used for internet purchases by over 13 million people.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/18/2009 via Company Press Release

American Express Company, will acquire Revolution Money

synopsis: American Express Company announced that it has agreed to acquire Revolution Money, a Revolution LLC company. Revolution Money provides secure payments through an internet based platform. No names or account numbers appear on Revolution cards and transactions are authorized by using a PIN number.
buyer: American Express Company (AXP:$34,260.00)
The American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, insurance and international banking. "
target parent: Revolution, LLC.
target: Revolution Money
Revolution Money's RevolutionCard provides consumers with enhanced PIN-based securit and RevolutionMoneyExchange is an online payment service that offers consumers an easy, secure and free way to instantly send and receive money online.
price ($mm)
$305
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/7/2008 via BusinessWire

eBay, acquired Bill Me Later, Inc.

synopsis: eBay Inc., completed its previously announced acquisition of Bill Me Later, the number two online-oriented payments brand, for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds.
buyer: eBay (EBAY:$10,265.00)
eBay pioneers communities built on commerce, sustained by trust and inspired by opportunity. eBay enables e-commerce on a local, national and international basis with an array of websites that bring together millions of buyers and sellers every day. "
target: Bill Me Later, Inc.
Bill Me Later is a convenient and secure way to pay on the web or over the phone. Bill Me Later lets users pay without using a credit card. At checkout, provide your birthday and the last four digits of your social security number and your purchase is complete.
price ($mm)
$817
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/16/2008 via BusinessWire

Playspan, acquired PayByCash

synopsis: Silicon Valley based PlaySpan Inc. acquired PayByCash an alternative payment system for online games, virtual worlds and social networks. PlaySpan and PayByCash create one of the fastest growing commerce and payment services companies supporting game publishers’ need for a complete commerce and payments platform.
buyer: Playspan
PlaySpan™ is the game industry's first publisher-sponsored™ in-game commerce™ network. PlaySpan's patent-pending in-game search, commerce and micropayment technologies enable game publishers and developers to generate new revenues, acquire new users and extend the loyalty of existing users. "
target: PayByCash
PayByCash handles all the payment-related customer support, foreign exchange complexity and risk, fraud protection, and maintenance of a constantly growing number of payment system integrations, while providing simplified reporting and accounting to their merchant clients.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/28/2007 via

Investcorp Technology Partners, acquired Moneybookers Limited

synopsis: Moneybookers Limited, one of Europe's leading online payment providers and the UK's first FSA-licensed e-money issuer, announced today that Investcorp Technology Partners, the technology private equity arm of the international investment group Investcorp, undertook the buyout of the company for a EUR105 million valuation.
buyer: Investcorp Technology Partners (BAX:INVCORP:$254.00)
Investcorp is a global investment group with offices in London, New York and Bahrain. The firm has five lines of business: private equity investment, global hedge fund, technology investment, real estate investment, and Gulf growth capital. "
target: Moneybookers Limited
Moneybookers.com is a leading European payment provider offering domestic payment options in more than 30 countries and customer service in 12 languages. With now close to 3 million account holders Moneybookers is one of the largest e-wallets worldwide.
price ($mm)
$146
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Geography
Matching Companies
Ticker: LFT
 
 
 
 
 
 
 
 
Longtop Financial Technologies, Ltd.
Longtop Financial Technologies, Ltd.
Longtop is a software development and solutions provider targeting the financial services industry in China. It develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
year
2010
rev ($mm)
$169.06
EBITDA ($mm)
$70.36
EBIT ($mm)
$62.54
Net Income ($mm)
$59.09
Employees
4258
  • drill down
  • watch
Ticker: NTWK
 
 
 
 
 
 
 
 
NetSol Technologies Inc.
NetSol Technologies Inc.
NetSol Technologies, Inc.'s product and services offerings include credit and finance portfolio management systems, SAP consulting and services, custom development, systems integration, and technical services for the global Financial, Leasing, Insurance, Energy, and Technology markets.
year
2012
rev ($mm)
$39.78
EBITDA ($mm)
$11.86
EBIT ($mm)
$7.26
Net Income ($mm)
$2.45
Employees
854
  • drill down
  • watch
Ticker: BZTIF
 
 
 
 
 
 
 
 
Frontline Technologies
Frontline Technologies
Frontline Technologies is an established, innovative technology service company serving the professional, financial and investment banking communities across Canada.
year
2011
rev ($mm)
$6.67
EBITDA ($mm)
($7.73)
EBIT ($mm)
($9.01)
Net Income ($mm)
Employees
72
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Mascon Global Ltd.
Mascon Global Ltd.
Mascon Global Ltd. provides business and information technology (IT) consulting services to corporations and government agencies. Mascon develops custom software, provides network and systems integration, and conducts research and development.
year
2004
rev ($mm)
$49.90
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$0.70
Employees
1000
  • drill down
  • watch
Ticker: BPHX
 
 
 
 
 
 
 
 
BluePhoenix Solutions
BluePhoenix Solutions
BluePhoenix Solutions is the leading provider of value-driven legacy IT modernization solutions. The BluePhoenix portfolio includes a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, rehosting, and renewal.
year
2014
rev ($mm)
$8.21
EBITDA ($mm)
($3.53)
EBIT ($mm)
($3.88)
Net Income ($mm)
Employees
  • drill down
  • watch
Ticker: RELY
 
 
 
 
 
 
 
 
Remitly
Remitly
Remitly is a leading digital financial services provider for immigrants and their families in over 170 countries around the world. Remitly helps immigrants send money home in a safe, reliable and transparent manner.
year
2021
rev ($mm)
$458.61
EBITDA ($mm)
($36.97)
EBIT ($mm)
($39.72)
Net Income ($mm)
Employees
1800
  • drill down
  • watch
Ticker: :SE
 
 
 
 
 
 
 
 
Sea Ltd
Sea Ltd
Sea Limited is a leading global consumer internet company founded in Singapore in 2009. They operate three core businesses across digital entertainment, e-commerce, and digital financial services, known as Garena, Shopee, and SeaMoney, respectively.
year
2019
rev ($mm)
$1,681.38
EBITDA ($mm)
($867.32)
EBIT ($mm)
($980.98)
Net Income ($mm)
Employees
22600
  • drill down
  • watch
Ticker: AIM:BOKU
 
 
 
 
 
 
 
 
Boku, Inc.
Boku, Inc.
Boku, the leading direct carrier billing mobile payments company, brings bank-grade payments technology and mobile users together, creating a trusted, accessible platform for consumers, merchants and operators alike.
year
2019
rev ($mm)
$50.15
EBITDA ($mm)
$1.09
EBIT ($mm)
($0.33)
Net Income ($mm)
$0.36
Employees
214
  • drill down
  • watch
Ticker: PYPL
 
 
 
 
 
 
 
 
PayPal, Inc.
PayPal, Inc.
PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies.
year
2020
rev ($mm)
$21,454.00
EBITDA ($mm)
$4,295.00
EBIT ($mm)
$3,428.00
Net Income ($mm)
$4,202.00
Employees
26500
  • drill down
  • watch
Ticker: AIM:FFX
 
 
 
 
 
 
 
 
FAIRFX Group Plc
FAIRFX Group Plc
FAIRFX is an international payment services provider, offering services to customers in the UK since 2007.
year
2016
rev ($mm)
$824.35
EBITDA ($mm)
($2.72)
EBIT ($mm)
($2.78)
Net Income ($mm)
Employees
65
  • drill down
  • watch
Ticker:
 
 
 
 
 
 
 
 
Afterpay Holdings Limited
Founded in 2015, Afterpay allows shoppers to receive products immediately and pay in four simple installments over a short period of time. The service is free for customers.
year
2020
rev ($mm)
$332.11
EBITDA ($mm)
$7.03
EBIT ($mm)
$2.85
Net Income ($mm)
Employees
665
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  • watch
Ticker: DLGEF
 
 
 
 
 
 
 
 
Digital Garage Inc.
Digital Garage produces innovative contexts for the age of the internet by combining three crucial technologies, namely Information Technology, Marketing Technology and Financial Technology. Their core competence is in the integration of the unique areas of specialization in these technologies.
year
2012
rev ($mm)
$171.39
EBITDA ($mm)
$23.20
EBIT ($mm)
$18.65
Net Income ($mm)
$24.22
Employees
376
  • drill down
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Ticker: BSE:531213
 
 
 
 
 
 
 
 
Manappuram Finance Ltd
Manappuram Finance Ltd
Manappuram Finance Limited is a non banking financial company. They provide fund and fee based services in India. The company offers gold loans, SME and micro finance, forex and money transfer services, commercial vehicle loans, and many other services.
year
2018
rev ($mm)
$395.23
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$121.71
Employees
24886
  • drill down
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Ticker: MGI
 
 
 
 
 
 
 
 
MoneyGram International, Inc.
MoneyGram International, Inc.
MoneyGram, a leading money transfer company, provides essential services to consumers who are not fully served by traditional financial institutions. MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 345,000 agent locations.
year
2021
rev ($mm)
$1,282.30
EBITDA ($mm)
$210.80
EBIT ($mm)
$94.50
Net Income ($mm)
Employees
2269
  • drill down
  • watch