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Deals

Bux acquires ‘social’ cryptocurrency investment platform Blockport

“Bux , the Amsterdam-based fintech that wants to make investing more accessible, has acquired the European “social” cryptocurrency investment platform Blockport. Terms of the deal remain undisclosed, although Bux says the move paves the way for the company to launch its own branded cryptocurrency investment app. Dubbed “ BUX Crypto,” it will be available in […]
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Deals

Lightspeed to Acquire Germany’s Gastrofix to Snag More European Customers

“The purchase will allow Lightspeed to obtain more than 8,000 of Gastrofix’s European customer locations, expand to key regions across Europe, and solidify a stronger presence in Germany, Austria, and Norway. A spokesperson for Lightspeed told BetaKit that all Gastrofix’s team will be joining Lightspeed under the terms of the acquisition, as Lightspeed takes over […]
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Deals

Nets Acquires Finnish Firms Poplatek and Poplapay

“Payment solutions provider, Nets has announced the acquisition of Finnish software developer Poplatek and payment terminal service provider Poplapay in a bid to fuel its payment terminal service capabilities. CEO of Merchant Services at Nets, Robert Hoffmann, said, “Our ambition is to become a pan-European payments champion. Poplatek is an agile and high performing tech […]
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Deals

Visa to Pay $5.3 Billion for Fintech Startup

“Visa Inc. V 0.81% said Monday it would buy Plaid Inc. for $5.3 billion , as part of an effort by the card giant to tap into consumers’ growing use of financial-technology apps and noncard payments. More consumers over the past decade have been using financial-services apps to manage their savings and spending, and Plaid sits […]
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Deals

Mobile payment app Lydia raises $45 million round led by Tencent

“French startup Lydia is raising a $45 million Series B round (€40 million). Tencent is leading the round with existing investors CNP Assurances, XAnge and New Alpha also participating. If you live in France, chances are you already know Lydia quite well. The company has become a ubiquitous mobile payment app, especially for people under […]
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Deals

Raisin Acquires Choice Financial to Let US Banks Offer Customized Savings Accounts

“Raisin, a Berlin-based wealth management platform, agreed to buy Choice Financial Solutions, a software firm that will allow American banks and credit unions to offer a broader range of savings products directly to their customers or through the Raisin platform.  Choice FS, which originally launched in 2010, will allow banks to offer customized short and […]
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Deals

Tradeshift raises $240M and appears to put its expected IPO on hold — for now

“What this new funding means it that Tradeshift is effectively delaying its IPO to get its “house in order” in the context of a new economic environment that has become skeptical toward tech IPOs in the wake of the WeWork debacle, which saw public investors cool toward new tech company listings. Although the company isn’t […]
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On The Wires

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Deals

Very Good Security Announces Strategic Investment From Visa

“Very Good Security (VGS), a leader in modern data security and custodianship, announced today that it has received a strategic investment from Visa Inc. to expand access to VGS’ infrastructure-as-a-service for financial technology companies (fintechs) and large enterprises. Visa joins other notable investors, including Goldman Sachs, Andreessen Horowitz, Vertex Ventures US, and Max Levchin (co-founder […]