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
Coinbase Acquires On-Chain Capital Raising Platform Echo in $375M Deal
Coinbase has acquired on-chain capital-raising platform Echo for $375 million in cash and stock. Echo’s blockchain-based platform enables angel investors to use USDC for
Chart Of The Week
FlexShopper, Inc. (NASDAQ: FPAY)
FlexShopper, Inc. (NASDAQ: FPAY) is a leading financial technology company specializing in lease-to-own (LTO) payment solutions for consumers, particularly those with subprime credit or
Blockchain
Mastercard Eyes $2B Crypto Infrastructure Play
Mastercard is reportedly in advanced talks to acquire crypto-infrastructure provider ZeroHash for between $1.5 billion and $2 billion, marking a major step toward deeper
E-commerce
In Moroccan First, Fintech Chari Closes a Record $12 Million Series A Round
Moroccan fintech Chari, a B2B e-commerce platform for fast-moving consumer goods (FMCG), has raised a record $12 million Series A—the country’s largest to date—co-led
Embedded Finance
Ant International Invests in Latin American Fintech R2
The international arm of Ant Group, co-founded by Jack Ma, has made a strategic investment in R2, an embedded-lending firm serving small and medium-sized
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
Ping Identity Acquires Keyless to Advance Biometric Authentication
Ping Identity is set to acquire Keyless, a London-based specialist in privacy-preserving biometric authentication technology. The deal brings Keyless’s “Zero-Knowledge Biometrics” into Ping’s identity platform,
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
Form3 Secures Investment from Nationwide and BlackRock for US Push
Form3, a cloud-native account-to-account payments infrastructure provider, secured a strategic investment from Nationwide and a debt facility from BlackRock to accelerate its U.S. market expansion
Payments
Fiserv Shares Plunge 40% After Earnings Miss and Leadership Shake-Up
Fintech payments firm Fiserv reported Q3 earnings of $2.04 per share—well below analyst expectations—and missed revenue forecasts, prompting a nearly 41 % plunge in
PropTech
Boom Raises $12.7M to Advance AI in Hospitality
Miami-based startup Boom has raised $12.7 million in Series A funding, led by Avenue Growth Partners, to expand its AI-driven property management platform for
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
Barclays Acquires Best Egg in $800M U.S. Consumer Finance Bet
Barclays is acquiring U.S. personal-loans fintech Best Egg for around $800 million, marking a major push into the U.S. consumer finance market. The deal
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
Coinbase Acquires On-Chain Capital Raising Platform Echo in $375M Deal
Coinbase has acquired on-chain capital-raising platform Echo for $375 million in cash and stock. Echo’s blockchain-based platform enables angel investors to use USDC for
Chart Of The Week
FlexShopper, Inc. (NASDAQ: FPAY)
FlexShopper, Inc. (NASDAQ: FPAY) is a leading financial technology company specializing in lease-to-own (LTO) payment solutions for consumers, particularly those with subprime credit or limited
Crypto
Mastercard Eyes $2B Crypto Infrastructure Play
Mastercard is reportedly in advanced talks to acquire crypto-infrastructure provider ZeroHash for between $1.5 billion and $2 billion, marking a major step toward deeper integration
Embedded Finance
Ant International Invests in Latin American Fintech R2
The international arm of Ant Group, co-founded by Jack Ma, has made a strategic investment in R2, an embedded-lending firm serving small and medium-sized enterprises
E-commerce
In Moroccan First, Fintech Chari Closes a Record $12 Million Series A Round
Moroccan fintech Chari, a B2B e-commerce platform for fast-moving consumer goods (FMCG), has raised a record $12 million Series A—the country’s largest to date—co-led by
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
Ping Identity Acquires Keyless to Advance Biometric Authentication
Ping Identity is set to acquire Keyless, a London-based specialist in privacy-preserving biometric authentication technology. The deal brings Keyless’s “Zero-Knowledge Biometrics” into Ping’s identity platform,
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
Form3 Secures Investment from Nationwide and BlackRock for US Push
Form3, a cloud-native account-to-account payments infrastructure provider, secured a strategic investment from Nationwide and a debt facility from BlackRock to accelerate its U.S. market expansion
Payments
Fiserv Shares Plunge 40% After Earnings Miss and Leadership Shake-Up
Fintech payments firm Fiserv reported Q3 earnings of $2.04 per share—well below analyst expectations—and missed revenue forecasts, prompting a nearly 41 % plunge in
Boom Raises $12.7M to Advance AI in Hospitality
Miami-based startup Boom has raised $12.7 million in Series A funding, led by Avenue Growth Partners, to expand its AI-driven property management platform for the
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
Barclays Acquires Best Egg in $800M U.S. Consumer Finance Bet
Barclays is acquiring U.S. personal-loans fintech Best Egg for around $800 million, marking a major push into the U.S. consumer finance market. The deal gives