Indosuez Wealth Management acquires a majority stake in Wealth Dynamix, a fintech specialising in client relationship management for private banks
Indosuez Wealth Management has acquired 70% of Wealth Dynamics Ltd, a fintech that provides Client Lifecycle Management solutions to private banks.
Tencent buys stake in UK fintech Previse
Chinese tech giant Tencent has taken a stake in Uk fintech Previse, adding to its list of investments in British fintechs.
Scottish Equity Partners takes significant stake in Glasgow-based fintech
Scottish Equity Partners (SEP) has completed a significant growth equity investment in Glasgow-based fintech firm AutoRek.
Moonstake forms strategic collaboration with escrow service Escaroo
Through this strategic collaboration, Moonstake will help to enable a staking functionality for the Escaroo escrow platform.
Visa takes stake in U.K. fintech Global Processing Services
Two weeks after Mastercard invested in Marqeta, its archrival, Visa, has taken a stake in another fintech, Global Processing Services.
Santander takes big stake in UK FinTech
Spanish bank Banco Santander is acquiring just over 50 percent of the U.K. payments platform Ebury for £350 million ($453 million), Ebury announced in a press release on Monday (Nov. 4). The Ebury payments platform gives small and medium-size companies the ability to trade internationally. The acquisition is scheduled to close in the first quarter of next year and is intended to help boost Santander’s global payments business. “Small and medium-sized businesses are a major engine of growth around the world, creating new jobs and contributing up to 60 percent of total employment and up to 40 percent of national GDP in emerging economies,” said Santander’s Executive Chairman Ana Botín. […]
Silicon Valley giant grows stake in UK fintech star TransferWise
One of the early backers of Facebook is increasing its stake in TransferWise, a British financial technology pioneer, in a move that will be hailed as a vote of confidence in UK start-ups. Sky News has learnt that Andreessen Horowitz, a prominent name in Silicon Valley, has agreed to buy a chunk of shares held by TransferWise’s initial ‘angel’ investors. Andreessen is said to have agreed to the purchases in recent weeks at a valuation broadly consistent with TransferWise’s last major fundraising in May 2016, according to people close to the situation. Founded by two former Skype employees, TransferWise has grown rapidly since its launch, and now acts as a […]
