UL acquires Dublin-based fintech company Acquirer Systems

UL, a US-based safety science company has acquired Dublin, Ireland-based and privately-held Acquirer Systems, which specialises in testing software and tools for validation of complex payment environments. Basically, Acquirer helps issuers, acquirers, merchants and switch operators to get their products to the market faster, at lower cost. Customers include Bank of America, Discover, American Express […]

UK fintech startup Ebury lands $83 million to fuel international growth

Just two weeks ago, we released an in-depth report about the verticals that are drawing the most investments in Europe, with FinTech unsurprisingly coming in at numero uno. Highlighting the ongoing trend today is Ebury, a UK-based startup that makes it easier for SMEs to trade internationally online, which has completed a $83 million funding […]

A German fintech exit: ACI acquires Munich-based PAY.ON in €180 million deal

ACI, the NASDAQ-listed provider of electronic payment and banking solutions, has acquired Munich, Germany-based e-commerce payment gateway services provider PAY.ON in a cash-and-stock deal that values the latter company at €180 million or roughly $200 million. PAY.ON offers a white-label, SaaS-based global payment gateway solution to payment services providers across the globe. Its solution features […]

Mobile point-of-sale startup SumUp launches in the US

SumUp, a mobile point-of-sale (mPOS) company, has launched its mobile payments platform in the US ahead of the country’s shift to EMV chip payments this month. SumUp’s card payment terminals, software, and smartphone apps are the world’s first EMV certified end-to-end mPOS payments system, according to the company. It will be releasing a new contactless […]