Press
Wellesley Hill Financial, LLC Served as Exclusive Sell-side Advisor to Dealer Merchant Services (DMS) in its Sale to Priority Technology Holdings
Priority has acquired the assets as joint venture with Dealer Merchant Services (DMS), a Dallas-based company specializing in credit card payment processing for auto dealerships. DMS is one of the fastest growing companies in the country landing at #120 on the Inc 5000 list and #9 in financial services. Their team of 40 has over 450 years in automotive expertise, supporting over 1000 dealerships nationwide, and has exclusive endorsements from 17 state dealer associations, giving it unique access to thousands of auto retailers. With this acquisition, Priority is entering a new vertical market shaped by a clear industry trend: Americans are holding on to their cars
Capital Markets Tech / WealthTech
Goldman Sachs to Pay $2 Billion for ETF Issuer Innovator Capital
Goldman Sachs will acquire Innovator Capital Management for $2 billion, instantly expanding GSAM’s ETF assets from $51 billion to $79 billion and placing it
Chart Of The Week
Heritage Global Inc. (NASDAQ: HGBL)
Heritage Global Inc. (NASDAQ: HGBL) is a niche, third-party service provider that helps industrial and financial companies monetize surplus industrial machinery, equipment, and distressed
Blockchain
Kraken Completes Major Acquisition of Breakout to Offer Prop Trading to Clients Globally
Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, has acquired Breakout. This prop-trading platform funds
E-commerce
India’s E-Commerce Firm Meesho Draws $28 Billion in IPO as Institutional Investors Pile in
Meesho’s $604 million IPO drew extraordinary demand, receiving bids worth roughly $28 billion, making it one of India’s most highly subscribed public offerings. Institutional
Embedded Finance
Embed Financial Group to Combine With WinVest in $425M Deal
Embed Financial Group (EFGH), a Singapore-based Finternet infrastructure provider operating across Africa and Asia, will merge with SPAC WinVest in a deal valuing the
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from BlackRock
IDV / AML / KYB / Biometrics
ID-Pal Acquires NorthRow for KYB Integration
ID-Pal, an Irish identity verification platform, has acquired NorthRow to add KYB (know-your-business) capabilities to its existing KYC and AML compliance platform, creating a more
Investment - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential and
Open Banking
Fidelity International Introduces Tink’s Pay by Bank for Account Top-Ups
Fidelity International, a global asset manager and retirement savings business, has integrated Tink’s Pay by Bank solution to allow personal investors and advised clients to
Payments
PayRange to Acquire KioSoft, Accelerating the Digital Transformation of Unattended Retail
PayRange, the category-defining commerce platform for unattended retail, today announced the acquisition of KioSoft Technologies, a global provider of cashless payment and IoT solutions.
PropTech
EQT to Invest in Cloud-Based PropTech Company PropMe
EQT is acquiring a majority stake in PropertyMe, a fast-growing cloud-based PropTech platform used by over 6,000 agencies to manage 1.9 million rental properties
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
PayJoy Secures $140m Neuberger Debt Facility
PayJoy, a US fintech enabling customers in emerging markets to purchase smartphones on installment plans, has secured a $140 million corporate debt facility from
Press
Fintech Investment Bank Wellesley Hills Financial Expands Capabilities with New Executive Advisors
Announces addition of two recognized fintech and payments leaders to the team NEWTON, Mass.–(BUSINESS WIRE)–Wellesley Hills Financial, a global investment bank and strategic advisory
Week's Most Interesting
Capital Markets Tech
Goldman Sachs to Pay $2 Billion for ETF Issuer Innovator Capital
Goldman Sachs will acquire Innovator Capital Management for $2 billion, instantly expanding GSAM’s ETF assets from $51 billion to $79 billion and placing it
Chart Of The Week
Heritage Global Inc. (NASDAQ: HGBL)
Heritage Global Inc. (NASDAQ: HGBL) is a niche, third-party service provider that helps industrial and financial companies monetize surplus industrial machinery, equipment, and distressed financial
Crypto
Kraken Completes Major Acquisition of Breakout to Offer Prop Trading to Clients Globally
Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, has acquired Breakout. This prop-trading platform funds skilled
Embedded Finance
Embed Financial Group to Combine With WinVest in $425M Deal
Embed Financial Group (EFGH), a Singapore-based Finternet infrastructure provider operating across Africa and Asia, will merge with SPAC WinVest in a deal valuing the company
E-commerce
India’s E-Commerce Firm Meesho Draws $28 Billion in IPO as Institutional Investors Pile in
Meesho’s $604 million IPO drew extraordinary demand, receiving bids worth roughly $28 billion, making it one of India’s most highly subscribed public offerings. Institutional buyers
Fintech
UK Insurtech Marshmallow Raises $90M
U.K. fintech and insurtech startup Marshmallow has raised $90 million in debt and equity in a round led by Portage Capital, with participation from
Fraud/Risk Management
ID-Pal Acquires NorthRow for KYB Integration
ID-Pal, an Irish identity verification platform, has acquired NorthRow to add KYB (know-your-business) capabilities to its existing KYC and AML compliance platform, creating a more
Investments - M&A
Rex Software, Cirrus8 and RealTrust Merge to Create Industry Leader
Rex Software has joined forces with Cirrus8 and RealTrust Property Accounting Solutions to create a leading real estate software and solutions provider for residential
Open Banking
Fidelity International Introduces Tink’s Pay by Bank for Account Top-Ups
Fidelity International, a global asset manager and retirement savings business, has integrated Tink’s Pay by Bank solution to allow personal investors and advised clients to
Payments
PayRange to Acquire KioSoft, Accelerating the Digital Transformation of Unattended Retail
PayRange, the category-defining commerce platform for unattended retail, today announced the acquisition of KioSoft Technologies, a global provider of cashless payment and IoT solutions.
EQT to Invest in Cloud-Based PropTech Company PropMe
EQT is acquiring a majority stake in PropertyMe, a fast-growing cloud-based PropTech platform used by over 6,000 agencies to manage 1.9 million rental properties across
Saas
Fifteenth Announces $8.25 Million in Seed Funding to Help Tech Professionals Navigate Complex Taxes with Ease and Automation
Fifteenth, a tax solution designed for tech professionals with complex financial situations, has secured $8.25 million in seed funding led by A* and General Catalyst.
Specialty Finance / LendTech
PayJoy Secures $140m Neuberger Debt Facility
PayJoy, a US fintech enabling customers in emerging markets to purchase smartphones on installment plans, has secured a $140 million corporate debt facility from Neuberger