Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s demand brewing for deal-making, for startups to be snapped up in the bid to buy rather than build operations, and for...
FIS is reportedly considering selling a majority stake in Worldpay to private equity groups. The deal, as reported Friday (June 30) by the Financial Times (FT), would worth more than $15 billion. It would also mark a reversal of FIS’ previously reported plan to spin off Worldpay, the...
Today in B2B payments, customers expect their digital payments to be simple, transparent and secure, while businesses need to use advanced technology to ensure proper B2B identity verification protocols. Plus, Advent secures a majority stake in Mangopay, and i2c and PingPong partner to offer cross-border...
In today’s FinTech News, private equity investor Advent International is taking a majority stake in Mangopay, while Worldpay is on track to offer merchants settlement in USDC. Plus, the United Kingdom will soon add stablecoins as an acceptable payment method. Advent Acquires Majority Stake in...
September 08, 2024
The collapse of eCommerce startup Thrasio has reportedly triggered a fight between its former private equity backers. Oaktree Capital Management has written a letter to private equity (PE) firms Silver Lake and Advent criticizing them for their oversight of Thrasio, the Financial Times (FT) reported Sunday (Sept. 8). All three firms had backed Thrasio, which […]
July 02, 2023
FIS is reportedly considering selling a majority stake in Worldpay to private equity groups. The deal, as reported Friday (June 30) by the Financial Times (FT), would worth more than $15 billion. It...
February 25, 2021
A merger of payments firms Transaction Services Group (TSG) and Clearent is said to be in the works by the private equity firm Advent International, Bloomberg reported on Thursday (Feb....
January 23, 2019
Advent International has announced that it is acquiring a majority stake in Prisma Medios de Pago, Argentina’s leading payments company. Advent is buying the 51 percent from a group of...
