Home » Finance and Strategy

Finance and Strategy


SoftBank Invests $100 Million in Cybersecurity Firm Cybereason

Cybereason, a Boston-based cybersecurity startup, continues to rake in the cash, with the latest capital infusion coming from SoftBank Corp. The Japanese telecom and Internet service provider has invested $100 million in Cybereason, according to a June 21 announcement.


Fiserv Sets Sights on M-Payments Tech Vendor Monitise

Fiserv Inc., a Brookfield, Wis.-based global financial services technology provider, has offered to buy Monitise. The cash offer values the U.K.-based m-payments solutions provider at approximately £70 million (US$89.1 million). The transaction is subject to certain conditions, including Monitise shareholder approval, and is expected to close during the third quarter of this year.


UniRush Starts Paying Off for Green Dot in Q1

Green Dot’s acquisition of UniRush, a deal that closed in February, is already paying off for the company. As part of its first-quarter earnings release, Green Dot said that UniRush not only added $12 million in revenue during its first month of new ownership, but contributed to 6 percent growth in the company’s overall active card base, to 5.05 million.


FLEETCOR Grows Cross-Border Business with $675 Million Cambridge Buy

Less than two months after announcing a major joint venture in the gifting vertical, FLEETCOR Technologies has made a big move into the red-hot cross-border payments sector, reaching an agreement to acquire international B2B payments specialist Cambridge Global Payments for $675 million.


Ant Wins MoneyGram Board Approval after Upping Bid to $1.2 Billion

China’s Ant Financial Services Group appears to have beat back a surprise challenge by Euronet Worldwide to acquire MoneyGram. After raising its offer for the money transfer giant by more than one-third, to $1.2 billion, Ant’s bid has earned the approval of MoneyGram’s board of directors. But the deal still must win regulatory and shareholder approval before Ant officially acquires MoneyGram and gains a massive foothold in the global remittance market.


PayPal’s TIO Offer Wins Shareholder Approval

PayPal’s bid to acquire Vancouver-based bill payment specialist TIO Networks has been approved by TIO shareholders, who overwhelmingly voted in favor of the proposed sale at a special meeting this week.


Big Names, Big Deals in Active Q1 for M&A

This year got off to a fast start with a flurry of M&A activity. By the end of the first quarter, the ink was dry on major deals involving some of the biggest names in payments, including Green Dot, Chase and Mastercard. And in what could end up as the biggest buy of them all, Euronet swooped in on Ant Financial with a higher bid for money transfer giant MoneyGram.


Mastercard Bolsters Authentication with NuData Acquisition

Mastercard is beefing up its transaction security and authentication capabilities in the age of connected devices, entering an agreement to acquire NuData Security, a Pay Award-winning provider of anti-fraud technology that uses session and biometric indicators to verify online transactions.


Cachet Prices Public Offering, Looks toward a $9.3 Million Payday

Cachet Financial Solutions expects to raise nearly $9.3 million in its public offering this week, according to an SEC filing. The Minneapolis-based financial technology provider and Pay Award winner, which priced its offering at $4.50 per share, plans to use the proceeds for working capital, to pay down debt and other, unspecified purposes.


Investment Roundup: Fintech Financing Heats Up

With funds flowing from some of the biggest names in payments, including PayPal and Ant Financial, March got off to a hot start for worldwide e-commerce and fintech investment. Providers around the globe have landed hefty financing rounds from some venture capital, payments and financial services heavyweights during the first half of the month.