Vancouver fintech Beanworks to be acquired for $105m
Another high-growth Vancouver tech company is set to be acquired — this time in a deal worth about $105 million. French enterprise services firm Quadient SA ADR revealed Monday it’s buying a 96% stake in B.C.’s Beanworks Solutions Inc. for what it describes as “slightly above” €70 million. The new parent company said “two key leaders” will retain a minority stake in Beanworks following the all-cash deal, although Quadient has an option of completely acquiring the Vancouver company in the coming years. Beanworks specializes in accounts payable software and was B.C.’s eighth-fastest growing company in 2020 with five-year revenue growth of 725%. Founded in 2012, it has a headcount of about […]
Revolut seeks to join U.S. Online Banking rush with new license
Revolut has asked U.S. regulators for a banking license in a effort to capture more of the country’s switch to online financial services.
Mambu first to market with Sharia-compliant SaaS banking platform
Mambu, the newly-minted fintech unicorn, today announced the highly anticipated launch of the Sharia-compliant version of its SaaS banking platform.
Digital Wallets are now the most popular payment method in the World
The big news this year was a surge in digital wallet spending, which became the most popular payment method for e-commerce and POS transactions.
Visa to enable Bitcoin purchases across its global payments network
Visa Inc has announced plans to enable cryptocurrency buying and spending on its global network.
How Australia rose to become the third largest Regtech Hub
Australia has emerged as a major regtech hub with 80 firms in the country, sitting only behind the US and the UK in global standings.
Digital finance platform Modifi expands into US and Netherlands markets
Modifi says it hopes to establish itself as the only digital trade finance platform focused on SMEs that spans Europe, Asia and North America.
Citcon announces support for 100+ new mobile wallets and local payment methods on its payment platform
Citcon have announced the new availability of LATAM and Asia Pacific’s most popular mobile wallets and local payment methods on its platform.
