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The conversation came against the backdrop of a muted merger landscape. Merger-related activity has been keeping pace at what had been seen in prior years, he said, citing the integration of TCF and Chemical Bank over the summer, for example. But the fear of disruption, perhaps understandably, will light a match to M&A dry powder.
This week's look at the latest in partnerships finds players in the SMB financial services landscape embracing a range of avenues to collaboration — including mergers and acquisitions (M&A) — to connect SMBs to financing, digital banking services and more. Lloyds Pilots Satago Technology. Orange Bank Acquires Anytime.
At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. The merger cut $10 million in expenses, turning the combined business into a more profitable operation that was ultimately sold to a public company. Right now, many companies receive invoices in paper envelopes.
Small and medium-sized business (SMB) financing company Trade Finance Solution (TFS) is expanding its offering through a new acquisition. 19) in a press release that it had reached an agreement to purchase Paragon Financial Group, an invoice financing firm. The company announced Friday (Jan.
During the firm’s earnings call, Clarke pointed to initiatives across Fleetcor’s four core business units — fuel, corporate payments, tolls and lodging — via collaborations, mergers and acquisitions (M&A) to drive incremental growth in each area. Total revenues were up 7 percent year over year to $619.6
Mergers and acquisitions have become a popular way for traditional financial institutions to acquire the technologies developed by smaller FinTechs, not only allowing FIs to build out their offerings, but eliminating the reliance on an API strategy to connect their platforms to third parties.
Third-quarter mergers and acquisitions reportedly rang up $1 trillion worth of deals globally. software suite offers a streamlined eProcurement model and invoicing service, so people can easily search for and find, then requisition, the services and goods they need, the press release says. 23) announcement. The JAGGAER ONE 20.3
Supply chain payments company Tradeshift is reportedly vying for an acquisition of Finnish eInvoicing and B2B payments company Basware. The solution supports invoice payments via check, ACH, virtual card and wire. The B2B payments space is likely to see continued increases in M&A activity. Bloomberg reported on Tuesday (Nov.
“The acquisition broadens both the product offering and the customer base on the buy side of the procurement process, whilst also bringing scale of operation on the strategically important supply side of the procurement process,” stated Rod Jones, Proactis chief executive. million, reports said Thursday (Nov.
8) said that eProcurement platform SESAMi and alternative and invoice financing firm Capital Match are merging their companies to roll out a “fully integrated supply chain financing solution to corporates and their suppliers,” the companies said in a joint announcement. Reports in Vulcan Post on Thursday (Nov. ” .
Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. This used to be a big-company problem, back in the day," he told PYMNTS in an interview. Post-Payment Pain Points.
Businesses need “one place to automate the invoice-to-pay process, allowing for multiple payment types to pay suppliers domestically and internationally in multiple currencies,” she said. RBC recently took that route with the acquisition of accounts payable technology firm WePay, announced Tuesday (July 9). Open Banking.
Certify and Chrome River Technologies, two leading travel, expense and invoice management software companies, have announced a $1 billion merger. After the close of the merger, the companies will operate independently with separate management teams. The cloud expense management software market is seeing strong growth of 11.4
Mergers and acquisitions (M&A) advisory firm Equiteq announced that it advised The Shelby Group , an eProcurement transformation and optimization consulting firm, on a recent growth investment from Boston-based private equity firm WestView Capital Partners , according to a press release.
Recent years have seen the Alliance grow significantly due to merger and acquisitions (M&A) activity, reports said, with some analysts calling into question how the Alliance is funding those investments. That has drawn questions over Wyelands’ trade financing operations. Wyelands entices new customers with up to 1.9
Also known as reverse factoring, supply chain financing enables businesses to sell unpaid invoices once they are approved by a corporate buyer. Corporate buyers then have more time to pay those invoices, while suppliers get financed more quickly. Trade finance is a critical part of cross-border trade, particularly for small businesses.
-based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions. PYMNTS breaks down the latest deals below. Cybersecurity. The company said it will use the funding to focus on growth. Texas’ SpyCloud delivers protection against account takeover for its corporate clients.
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