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 […]
UK trading platform eToro to go public in $10bn SPAC deal
Trading giant eToro has confirmed reports that it is due to list via a $10bn SPAC deal. The Israeli fintech announced it would go public at a valuation of $10.4bn after merging with FinTech Acquisition Corp. V (FinTech V), a publically-traded SPAC run by American businesswoman Betsy Cohen. A SPAC (special-purpose acquisition company) is a way for companies to go public without going through all the hassle and expense of an IPO (initial public offering). Cohen founded Bancorp, a bank holding company based in Minneapolis, in 1999 and subsequently FinTech V, which raised $250m when it listed on the NASDAQ in December 2020. As part of the deal, eToro will […]
Finland-based payment services provider Enfuce raises €7 million in Series-B round
Finland-based payment services provider Enfuce has raised €7 million in a recent Series-B funding.
Australian investors lag behind the global trend for passive funds and are playing catch up on ESG, Calastone research shows
The shift in investor preference for passive funds over active funds continued inexorably over the last two years, Calastone research shows.
UK fintech SumUp raises €750m
UK fintech startup SumUp has raised €750m (£643m, US$893m) from several investors including Goldman Sachs and Bain Capital Credit.
DTCC proposes way forward to achieving global data harmonization in derivatives trade reporting
The Depository Trust & Clearing Corporation (DTCC) today outlined a three-prong plan to further harmonize derivatives trade reporting requirements.
Malaysia among top 20 countries intrigued by cryptocurrency
Malaysia is among the top 20 countries most interested in cryptocurrency, according to a recent study by Invezz.com.
Fintech startup Yap raises $10 million
Fintech startup Yap has raised $10 million in its Series B round, co-led by Flourish Ventures and Omidyar Network India.
