Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. Motive has committed to invest $50 million in Splitit, the companies announced Tuesday (Dec. 13) as it also delisted from the Australian Stock Exchange. That delisting had been one of the requirements for Motive to...
Installments-as-a-service platform provider Splitit has secured an investment of $50 million from private equity firm Motive Partners. This commitment is composed of two tranches of $25 million in exchange for the issuance of new preference shares, Splitit said in a press release. The first tranche will be invested...
Backbase, a global engagement banking software provider, has made a foray into the digital wealth space with the acquisition of London-based firm Nucoro. The acquisition will allow Backbase to integrate Nucoro’s headless platform capabilities directly into the Backbase Engagement Banking platform, providing a unified, customer-centric...
Motive Partners’ potential acquisition of payments company ACI Worldwide has reportedly run into some roadblocks. The private equity firm is still working on the purchase, although talks have apparently slowed down due to recent upheaval in the banking industry and the cost of funding deals,...
January 10, 2024
InvestCloud, a global provider of wealth and asset management solutions, has announced the appointment of Jeffery W. Yabuki as its new chairman and CEO. Yabuki brings extensive experience in the financial technology industry and will lead InvestCloud’s strategy and operations, InvestCloud said in a Wednesday (Jan. 10) press release. InvestCloud interim CEO Richard Lumb will remain with the […]
December 12, 2023
Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. Motive has committed to invest $50 million in Splitit, the companies announced Tuesday (Dec. 13) as it also delisted from...
August 15, 2023
Installments-as-a-service platform provider Splitit has secured an investment of $50 million from private equity firm Motive Partners. This commitment is composed of two tranches of $25 million in exchange for the issuance of...
June 15, 2023
Backbase, a global engagement banking software provider, has made a foray into the digital wealth space with the acquisition of London-based firm Nucoro. The acquisition will allow Backbase to integrate...
