Search Results for "Majority"
8 results for "Majority"
Deals 8
TPG and Corpay Acquire Payments Platform AvidXchange for $2.2 Billion
AvidXchange, a B2B payments automation platform, was acquired by TPG and Corpay for $2.2 billion. TPG gained majority control through its private equity platform while Corpay took a 33% minority stake. The deal highlights continued investor appetite for embedded B2B payments infrastructure.
Solaris Raises €140M Series G Led by SBI Group
German BaaS platform Solaris secured €140 million ($144.7M) in a Series G round led by Japan's SBI Group, which acquired a majority stake. Existing investor Boerse Stuttgart Group also participated. The funds will support Solaris's path to profitability, strengthen core capital, and fuel market expansion.
Mashreq Bank Sells Majority Stake in Paytech Neopay for $385M
Mashreq Bank sold a majority stake in its payments subsidiary Neopay to a consortium including Dgpays and Arcapita for $385 million, retaining a minority position. The deal separates Neopay's embedded payments infrastructure from the parent bank to enable independent growth.
Walmart's Fintech One Plans Credit Card Portfolio Relaunch with Bank Partners
Walmart's majority-owned fintech, One, announced plans to relaunch the retailer's dual co-brand and private label credit card portfolio. One partners with Coastal Community Bank for installment loans. This move signals Walmart's deepening push into embedded financial services for its customer base.
Migrant Banking Platform Majority Raises $20M in Fifth Funding Round
Majority, a mobile banking platform serving migrants, raised $20 million ($12.5M equity, $7.5M debt) in its fifth funding round. The round was led by prominent fintech founders including Klarna co-founder Victor Jacobsson and iZettle co-founders, with follow-on from Avid Ventures, Valar Ventures, and Heartcore Capital. The funding supports the company's push toward profitability.
Fintech Entrepreneur Acquires Majority Stake in First National Bank of Pasco
Fadi Cheikha, founder of payments firm US Alliance Group, agreed to acquire 65-85% of Florida Bancshares, parent of First National Bank of Pasco. The deal aims to integrate fintech capabilities while preserving the community bank's charter and local focus. Closure was expected by year-end 2022.
Equistone Acquires Majority Stake in Cross-Border Provider Small World
Equistone Partners acquired a majority stake in Small World, a cross-border payment provider. The deal supports Small World's growth in international money transfers, an area increasingly integrated into embedded finance offerings by banks and fintechs.
Nordic Capital Acquires Majority Stake in Payments Fintech Trustly
Nordic Capital fund acquired a majority share of Trustly, a Swedish open banking payments fintech that enables direct bank-to-bank transactions for merchants and platforms. The acquisition positions Trustly for accelerated growth in embedded account-to-account payments across Europe.