NEW YORK — Teamshares Inc., a tech-enabled acquiror of small-to-medium-sized enterprises (SMEs), said on Saturday it will go public through a merger with blank-check firm Live Oak Acquisition Corp. V (NASDAQ: LOKV) in a deal valuing the combined company at $746 million. The business combination includes a $126 million private investment in public equity (PIPE)…
Tag: Fintech
Amazing AI to spin off digital asset unit to shareholders, appoints new adviser
LONDON: Fintech firm Amazing AI Plc (AQSE: AAI) said on Tuesday it would spin off 80.01% of its Mauritius-based subsidiary, which holds a digital asset treasury, to its existing shareholders as it looks to focus on its core online consumer loans business. The disposal of Amazing AI Services Ltd, for nil consideration, will see AAI shareholders…
Ripple raises $500 million, hits $40 billion valuation amid U.S. crypto policy shift
SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment Group…
Ripple acquires digital asset custody firm Palisade
SAN FRANCISCO – Ripple, a provider of cryptocurrency and enterprise blockchain solutions, said on Tuesday it has acquired digital asset wallet and custody company Palisade, a move aimed at significantly expanding its services for financial institutions and corporations entering the digital asset space. The acquisition will combine Ripple’s existing “bank-grade vault” for long-term storage with Palisade’s…
LegitScript acquires Kompliant to streamline compliance for payments industry
PORTLAND: LegitScript, a leader in merchant and product certification and monitoring, announced Tuesday the acquisition of Kompliant, a compliance orchestration platform for banks and financial services providers. The strategic acquisition combines LegitScript’s risk intelligence, which uses artificial intelligence and market data, with Kompliant’s automated compliance software. The move aims to address inefficiencies in how payments…
Shift4 to acquire Bambora North America
CENTER VALLEY: Shift4 (NYSE: FOUR), the leader in integrated payments and commerce technology, has entered into exclusive negotiations to acquire Bambora Inc, Bambora Holding Corp, Bambora Corp, and Worldline SMB US, Inc (collectively “Bambora North America”), Worldline’s (Euronext: WLN) North American subsidiaries. The contemplated transaction is expected to close in the first quarter of 2026,…
Findi secures new funding, acquires Sphere, and sets FY26 targets ahead of Indian IPO
SYDNEY: Australian digital payments firm Findi Ltd said on Tuesday it has arranged a new A$30 million ($19.5 million) debt facility, agreed to acquire technology firm Sphere, and provided financial guidance for fiscal 2026, as it prepares for a planned Indian initial public offering. The new funding will replace an existing A$9.5 million facility and…
Oakley Capital agrees sale of atHome
LONDON: Oakley Capital Fund III has reached an agreement to sell its stake in atHome, which operates Luxembourg’s leading property and automotive marketplaces. Oakley Capital, a leading pan-European mid-market private equity investor, is pleased to announce the sale of its stake in atHome to Apax Partners. Following completion of the transaction, Fund III will have…
Vault Ventures Plc has sold all of its Solana (SOL) holdings
LONDON: Vault Ventures Plc (AQSE: VULT), a London based technology developer focused on AI, blockchain and fintech innovation, has sold all of its Solana (SOL) holdings and realised a profit of approximately £96,000 ($130,000). Following the disposal the Company only holds Ethereum (“ETH”) in its treasury. The proceeds from the Disposal of SOL will be…
Theatre Capital acquires AllPaid Inc; Appoints Geoff Knapp as CEO
INDIANAPOLIS: Theatre Capital has acquired AllPaid Inc., a leading provider of secure digital payment solutions for government agencies and municipalities across the United States. The acquisition marks a strategic move by Theatre Capital to expand its portfolio of transformative technology investments. Founded in 1999 and headquartered in Indianapolis, AllPaid enables citizens to make secure payments…
Fiserv acquires Smith Consulting Group to strengthen advisory services for community financial institutions
BROOKFIELD: Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has acquired Smith Consulting Group (SCG), an operational consulting firm serving community banks and credit unions. The terms of the transaction were not disclosed. The acquisition, announced Tuesday, is intended to deepen the in-house expertise Fiserv can offer its clients….
CPP Group announces CEO transition, board overhaul, and deep cost cuts
LONDON: CPP Group Plc (CPP.L) said on Tuesday it was reorganising its leadership and implementing significant cost reductions, including the closure of its Leeds office, to align its structure with its refocused business strategy. The announcement, made ahead of interim results due on Sept. 29, follows the completion of a change programme and the recent…