Financing

Camden National to acquire Northway Financial in $87m deal

Camden National Bank’s bank holding company Camden National has agreed to acquire Northway Financial in an all-stock deal valued at around $86.6m. Based in the US, Northway Financial is a bank holding company that owns Northway Bank. The company delivers a...

Layer2 Financial Secures $10.7M Series A to Transform Global Money Movement

Layer2 Financial—the regulated payments infrastructure transforming cross-border payments—is thrilled to announce their $10.7 million Series A funding round. This round was led by Galaxy Ventures, with key participation from Accomplice. The new funding will accelerate Layer2's mission to revolutionize...

ThetaRay Revolutionizes AI Financial Crime Detection with Screena Acquisition

ThetaRay, the leading provider of AI-powered financial crime detection technology announced the acquisition of next-generation European screening company, Screena. The acquisition demonstrates ThetaRay's continuous investment in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to...

UniCredit to acquire Vodeno and Aion Bank in €370m deal

UniCredit has agreed to acquire the entire share capital of Vodeno and Aion Bank in a deal worth approximately €370m. Based in Poland, Vodeno is a fintech company providing banking-as-a-service (BaaS) solution. Aion Bank, on the other hand, is a...

UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million

Italian bank UniCredit has inked a binding agreement to acquire Belgian digital native Aion Bank and Banking-as-a-Service (BaaS) provider Vodeno for the sum of approximately €370 million. The Milan-based commercial bank says its purchase brings a “next generation core banking...

Al Ansari Financial Services Buys BFC Group Holdings For $200 Million To Boost GCC Operations

Al Ansari Financial Services  has entered into a Sales and Purchase Agreement to acquire 100 percent of BFC Group Holdings W.L.L. (BFCGH). This prominent foreign exchange and remittance group, based in Bahrain, will be purchased for US$200 million (AED735...

Wolters Kluwer acquires accountancy portfolio of European cloud workflow automation and data exchange solutions

Wolters Kluwer Tax & Accounting announces that it has signed an agreement with Belgian fintech company Isabel Group to acquire its accountancy portfolio of cloud-based financial workflow and data exchange solutions for €325 million in cash. CodaBox, ClearFacts, Clearnox, Zoomit,...

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