After completing the acquisition of Cashalo, a consumer credit and lending company located in the Philippines, Empower Finance, a US-based credit underwriter, has reached a final agreement to purchase Petal, a credit card and financial tech company.
In a £146.7 million agreement, US-based private equity firm STG Partners is expected to indirectly hold Alliance Bidco Ltd (Bidco), a limited company that is slated to purchase UK fintech Gresham Technologies.
Paynetics, an integrated finance company located in Bulgaria, has paid an unknown amount to purchase Novus, a digital bank in the UK accredited as a B-Corp.
The venture capital company True Ventures, based in Silicon Valley, led a strategic fundraising round that saw the UK-based fintech AccessPay collect $24 million in a combination of loan and equity.
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