All articles by Swagath Bandhakavi
Swagath Bandhakavi
Nedbank to acquire South African fintech firm iKhokha for $94m
Nedbank aims to boost its SME market presence through enhanced digital and inclusive financial services with the acquisition.
Payoneer adopts Citi’s blockchain for global fund transfers
The partnership leverages Citi’s blockchain technology for seamless fund transfers, reducing reliance on traditional banking and associated delays.
First Financial to acquire Chicago-based BankFinancial for $142m
First Financial intends to expand its Chicagoland commercial banking presence by integrating BankFinancial’s network of 18 financial centres.
Monroe Capital and Horizon Technology to merge into single public entity
As a result of this transaction, Horizon Technology Finance will remain as the listed entity on NASDAQ.
Manulife to acquire 75% stake in Comvest Credit Partners for $937.5m
Comvest Credit Partners provides financing to middle-market companies, offering credit solutions including senior secured and unitranche loans.
Digital payment security firms G2RS and EverC to merge operations
The merger aims to combine EverC’s AI capabilities with G2RS’ expertise, setting a new standard in payments risk management.
Family Financial Credit Union partners with Algebrik AI for digital lending upgrade
The partnership seeks to improve lending and account opening procedures using agentic AI-powered technology.
Banking Circle expands Australian presence with ASL acquisition
ASL delivers payments-platform-as-a-service solutions, offering direct access to Australian payment systems for seamless connectivity.
Ramp achieves $22.5bn valuation with $500m Series E-2 round
Ramp provides services such as corporate cards, expense management, bill payments, travel booking, procurement, and treasury functions.
Swiss bank UBS reports 111% rise in Q2 net profit to $2.4bn
Revenues for the quarter reached $12.1bn, marking a 2% increase from the same period last year.