Mergers & Acquisitions

December, 2021

• 21 December

  Affirm Adds Two More Merchants and other Digital Transactions News briefs from 12/21/21

  

  Buy now, pay later provider Affirm Inc. signed electronics retailer Newegg Commerce Inc. and The Passport Place, a travel document consultant, as new merchants.Payments platform Mogo Inc. said it has received regulatory approval in Canada to launch MogoTrade, a commission-free stock-trading service.Visa Inc. announced it has closed on its acquisition of Currencycloud, a provider of cloud-based technology …
• 17 December

  Waitr Plans Cova Acquisition and other Digital Transactions News briefs from 12/17/21

  

  Food-ordering and delivery provider Waitr Holdings Inc. said it has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc., known as Cova, a provider of point-of-sale software for cannabis dispensaries. The deal calls for a price of $90 million in cash and stock.Agilysys Inc., a provider of payments …
• 15 December

  16% Have Made a Crypto Payment and other Digital Transactions News briefs from 12/15/21

  

  New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as …
• 14 December

  Celero Acquires Everest and other Digital Transactions News briefs from 12/14/21

  

  Celero Commerce said it acquired Everest Payment Solutions. Terms were not disclosed. With Everest, Celero will serve more than 45,000 merchants that process more than $18 billion in annual card volume.Digital ordering and payments technology, which gained prominence with the pandemic, has made customers more impatient, with 64% indicating they won’t …
• 13 December

  Equifax’s New Vetting Service and other Digital Transactions News briefs from 12/13/21

  

  The giant credit bureau Equifax Inc. launched Onboard Connect, a service that the company says offers near real-time business verification, fraud checks, and other services to support business-to-business transactions.Vivid Seats Inc., a provider of technology that links ticket buyers and sellers, said it has closed on its acquisition of Betcha Sports Inc., …
• 10 December

  Corcentric To Go Public and other Digital Transactions News briefs from 12/10/21

  

  Corcentric, a business-to-business payments provider, said it will go public via a merger with North American Merger Corp., a special purpose acquisition company. The company’s network supports more than 450,000 buyers and more than 1.4 million suppliers and processes more than $100 billion in volume annually.Chainalysis, a provider of blockchain …
• 9 December

  Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments

  

  Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …
• 8 December

  57% Use App for Takeout Food and other Digital Transactions News briefs from 12/8/21

  

  A report from consulting firm Deloitte found that 57% of consumers use a digital app to order restaurant food for off-premise dining, up from 54% in 2020. Even for ordering in a restaurant, 64% of consumers prefer to place their order digitally, up from 53% last year. The survey of 1,000 consumers …
• 7 December

  Stripe Acquires OpenChannel and other Digital Transactions News briefs from 12/7/21

  

  Processor Stripe Inc. said it acquired OpenChannel, which provides app marketplace software. Terms were not disclosed.Payments provider Payoneer Inc. announced a worldwide working-capital offer for sellers on the Walmart U.S. marketplace.In related news, Facepay Inc., a payments provider specializing in auto-repair shops, said its Facepay Capital service is available to all shops on its platform.Money transmitter LianLian …
• 3 December

  Splitit Volume Increases 61% and other Digital Transactions News briefs from 12/3/21

  

  Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber …