Fiserv plans to acquire Brazilian FinTech company Money Money Servicos Financeiros S.A. to expand the range of payment, management and cash flow solutions Fiserv\u2019s Clover offers Brazilian small– to medium-sized businesses (SMBs).
\nFollowing the planned acquisition, Money Money\u2019s specialized financing engine will be integrated with the Clover cloud-based point-of-sale and business management platform, Fiserv said in a Wednesday (April 23) press release.
\nMoney Money\u2019s financing engine is connected to the receivables\u2019 registry infrastructure regulated by the Central Bank of Brazil, according to the release. This enables business analysis that helps generate personalized offers of working capital and other financial services with competitive rates.
\nSubject to regulatory approval and customary closing conditions, the acquisition is expected to close during the second quarter, per the release.
\n\u201cBy adding this service to our portfolio, we take an important step to boost the growth of our acquiring clients, facilitating their access to the necessary resources to invest in improvements and processes,\u201d Jorge Valdivia, general manager of Fiserv in Brazil, said in the release. \u201cOur continued investment in the Brazilian market demonstrates our commitment to advance our clients\u2019 business objectives by expanding our local capabilities.\u201d
\nThe planned transaction follows other acquisitions announced by Fiserv.
\nThe company said April 7 that it acquired payment facilitator (PayFac) Pinch Payments, which serves 2,000 merchants in Australia and New Zealand, and its management platform Glassbox. Fiserv said the deal gives it a payment orchestration platform that supports flexible service options and speed to market for PayFacs, independent software vendors (ISVs), business payment solutions providers (BPSPs), independent sales organizations (ISOs) and enterprises.
\nIn March, Fiserv acquired CCV, a payment solutions provider operating in the Netherlands, Belgium and Germany, saying the deal allows Fiserv to speed deployment of the Clover platform throughout Europe. CCV\u2019s services include transaction processing, online and closed-loop payments, acquiring and a range of in-store and self-service payment terminals.
\nAlso in March, Fiserv finalized its purchase of earned wage access (EWA) provider Payfare, saying the deal would accelerate the delivery of embedded finance solutions for all of Fiserv\u2019s clients. The deal was announced late last year.
\nThe post Fiserv to Acquire Brazilian Financing Engine Money Money appeared first on PYMNTS.com.
\n", "content_text": "Fiserv plans to acquire Brazilian FinTech company Money Money Servicos Financeiros S.A. to expand the range of payment, management and cash flow solutions Fiserv\u2019s Clover offers Brazilian small– to medium-sized businesses (SMBs).\nFollowing the planned acquisition, Money Money\u2019s specialized financing engine will be integrated with the Clover cloud-based point-of-sale and business management platform, Fiserv said in a Wednesday (April 23) press release.\nMoney Money\u2019s financing engine is connected to the receivables\u2019 registry infrastructure regulated by the Central Bank of Brazil, according to the release. This enables business analysis that helps generate personalized offers of working capital and other financial services with competitive rates.\nSubject to regulatory approval and customary closing conditions, the acquisition is expected to close during the second quarter, per the release.\n\u201cBy adding this service to our portfolio, we take an important step to boost the growth of our acquiring clients, facilitating their access to the necessary resources to invest in improvements and processes,\u201d Jorge Valdivia, general manager of Fiserv in Brazil, said in the release. \u201cOur continued investment in the Brazilian market demonstrates our commitment to advance our clients\u2019 business objectives by expanding our local capabilities.\u201d\nThe planned transaction follows other acquisitions announced by Fiserv.\nThe company said April 7 that it acquired payment facilitator (PayFac) Pinch Payments, which serves 2,000 merchants in Australia and New Zealand, and its management platform Glassbox. Fiserv said the deal gives it a payment orchestration platform that supports flexible service options and speed to market for PayFacs, independent software vendors (ISVs), business payment solutions providers (BPSPs), independent sales organizations (ISOs) and enterprises.\nIn March, Fiserv acquired CCV, a payment solutions provider operating in the Netherlands, Belgium and Germany, saying the deal allows Fiserv to speed deployment of the Clover platform throughout Europe. CCV\u2019s services include transaction processing, online and closed-loop payments, acquiring and a range of in-store and self-service payment terminals.\nAlso in March, Fiserv finalized its purchase of earned wage access (EWA) provider Payfare, saying the deal would accelerate the delivery of embedded finance solutions for all of Fiserv\u2019s clients. The deal was announced late last year.\nThe post Fiserv to Acquire Brazilian Financing Engine Money Money appeared first on PYMNTS.com.", "date_published": "2025-04-23T11:16:24-04:00", "date_modified": "2025-04-23T11:16:24-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2023/01/Fiserv.jpg", "tags": [ "Acquisitions", "brazil", "cash flow management", "Clover", "FinTech", "Fiserv", "international", "Money Money", "News", "PYMNTS News", "SMBs", "What's Hot", "working capital" ] }, { "id": "https://www.pymnts.com/?p=2689293", "url": "https://www.pymnts.com/acquisitions/2025/fundthrough-acquires-ampla-expand-smb-invoice-factoring-platform/", "title": "FundThrough Acquires Ampla to Expand SMB Invoice Factoring Platform", "content_html": "FundThrough, a FinTech that works with small- to medium-sized businesses (SMBs), acquired FinTech solutions firm Ampla, which serves consumer brands.
\nThe deal will strengthen FundThrough\u2019s digital-first ecosystem, creating a platform for SMBs that sell to larger companies and wait to get paid after invoicing, according to a Tuesday (April 22) news release.
\nFundThrough provides invoice factoring solutions across B2B sectors, including retail, manufacturing, oil and gas, technology, professional services, and food supply and agriculture, the release said.
\n\u201cBusiness owners have increasingly been forced to act like banks for their much larger customers who extend invoice payment terms beyond reasonable lengths,\u201d FundThrough co-founder and CEO Steven Uster said in the release. \u201cThey need a seamless way to bridge the cash flow gap, and FundThrough provides a tech-enabled financial solution. Now, Ampla\u2019s technology significantly enhances FundThrough\u2019s AI-powered model, enabling us to level the playing field further.\u201d
\nWith Ampla, FundThrough expects to scale faster, enhance credit underwriting and monitoring processes, and help more SMBs solve cash flow problems, Uster said in the release.
\nAmpla co-founder and CEO Anthony Santomo will advise FundThrough and will be joined by his core team, according to the release.
\nAdditionally, FundThrough raised $25 million in a Series B funding round, the release said. The company will use the capital to power \u201caggressive expansion,\u201d including further acquisitions, investments in technology and artificial intelligence, enhanced user experience and accelerated product innovation.
\nThe news followed FundThrough\u2019s acquisition of FinTech company BlueVine\u2019s invoice factoring business in January 2022. The deal helped FundThrough accelerate its focus on embedded finance and expansion efforts in the United States.
\nSMBs are facing liquidity trouble, and about half of them rely on immediate sales or existing cash for survival, PYMNTS Intelligence found. Business credit cards are the most common form of financing for those with access.
\nOnly 44% of SMBs said they have access to financing and working capital solutions. Those without access to financing are 75% more likely to have no plan to offset any costs arising from the implementation of tariffs, PYMNTS reported in March.
\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
\nThe post FundThrough Acquires Ampla to Expand SMB Invoice Factoring Platform appeared first on PYMNTS.com.
\n", "content_text": "FundThrough, a FinTech that works with small- to medium-sized businesses (SMBs), acquired FinTech solutions firm Ampla, which serves consumer brands.\nThe deal will strengthen FundThrough\u2019s digital-first ecosystem, creating a platform for SMBs that sell to larger companies and wait to get paid after invoicing, according to a Tuesday (April 22) news release.\nFundThrough provides invoice factoring solutions across B2B sectors, including retail, manufacturing, oil and gas, technology, professional services, and food supply and agriculture, the release said.\n\u201cBusiness owners have increasingly been forced to act like banks for their much larger customers who extend invoice payment terms beyond reasonable lengths,\u201d FundThrough co-founder and CEO Steven Uster said in the release. \u201cThey need a seamless way to bridge the cash flow gap, and FundThrough provides a tech-enabled financial solution. Now, Ampla\u2019s technology significantly enhances FundThrough\u2019s AI-powered model, enabling us to level the playing field further.\u201d\nWith Ampla, FundThrough expects to scale faster, enhance credit underwriting and monitoring processes, and help more SMBs solve cash flow problems, Uster said in the release.\nAmpla co-founder and CEO Anthony Santomo will advise FundThrough and will be joined by his core team, according to the release.\nAdditionally, FundThrough raised $25 million in a Series B funding round, the release said. The company will use the capital to power \u201caggressive expansion,\u201d including further acquisitions, investments in technology and artificial intelligence, enhanced user experience and accelerated product innovation.\nThe news followed FundThrough\u2019s acquisition of FinTech company BlueVine\u2019s invoice factoring business in January 2022. The deal helped FundThrough accelerate its focus on embedded finance and expansion efforts in the United States.\nSMBs are facing liquidity trouble, and about half of them rely on immediate sales or existing cash for survival, PYMNTS Intelligence found. Business credit cards are the most common form of financing for those with access.\nOnly 44% of SMBs said they have access to financing and working capital solutions. Those without access to financing are 75% more likely to have no plan to offset any costs arising from the implementation of tariffs, PYMNTS reported in March.\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.\nThe post FundThrough Acquires Ampla to Expand SMB Invoice Factoring Platform appeared first on PYMNTS.com.", "date_published": "2025-04-22T16:14:14-04:00", "date_modified": "2025-04-22T16:14:14-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/FundThrough.png", "tags": [ "B2B", "B2B Payments", "cash flow management", "commercial payments", "FinTech", "funding", "FundThrough", "Investments", "invoice payments", "News", "PYMNTS News", "SMBs", "startups", "What's Hot", "What's Hot In B2B", "Acquisitions" ] }, { "id": "https://www.pymnts.com/?p=2687652", "url": "https://www.pymnts.com/acquisitions/2025/capital-one-expects-discover-acquisition-to-close-may-18-after-gaining-approvals/", "title": "Capital One Expects Discover Acquisition to Close May 18 After Gaining Approvals", "content_html": "Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One\u2019s proposed acquisition of Discover.
\nWith approvals announced Friday by the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC), the companies now expect the transaction to close May 18, subject to customary closing conditions, they said in a Friday press release.
\n\u201cThis is an exciting moment for Capital One and Discover,\u201d Capital One founder, Chairman and CEO Richard Fairbank said in the release. \u201cWe understand the critical importance of a strong and competitive banking system to our customers and our economy, and we appreciate the thoughtful and diligent engagement of our regulators as they thoroughly reviewed this deal over the past 14 months.\u201d
\nDiscover Interim CEO and President Michael Shepherd said in the release: \u201cThis combination of our two great companies will increase competition in payment networks, offer a wide range of products to our customers, increase our resources devoted to innovation and security, and bring meaningful community benefits.\u201d
\nCapital One announced the proposed acquisition in February 2024, saying the all-stock transaction, valued at $35.3 billion, will create a global payments platform with 70 million merchant acceptance points in more than 200 countries and territories.
\nIn July, facing some criticism from community groups that feared the planned takeover would reduce services and increase costs for Americans, Capital One said that a combination of Capital One and Discover would provide more benefits to underserved communities than the companies would offer separately.
\nThe Federal Reserve Board announced its approval of the proposed merger in a Friday press release, saying: \u201cThe Board evaluated the application under the statutory factors it is required to consider, including the financial and managerial resources of the companies, the convenience and needs of the communities to be served by the combined organization, and the competitive and financial stability impacts of the proposal.\u201d
\nThe OCC said in a Friday press release announcing its conditional approval of the deal that it made its decision after analyzing the effect of the merger on communities, the banking industry and the U.S. financial system.
\nThe regulator said its approval is conditioned upon approved plans to address and remediate any outstanding enforcement actions against Discover.
\n\u201cThe OCC is committed to a regulatory framework that expands access to financial services for consumers, businesses and communities,\u201d Acting Comptroller of the Currency Rodney E. Hood said in the release.
\nThese announcements came on the same day that the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board said they fined Discover Financial Services and two of its subsidiaries, alleging that they misclassified consumer credit cards as commercial, thereby requiring merchants to pay higher interchange fees.
\nThe post Capital One Expects Discover Acquisition to Close May 18 After Gaining Approvals appeared first on PYMNTS.com.
\n", "content_text": "Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One\u2019s proposed acquisition of Discover.\nWith approvals announced Friday by the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC), the companies now expect the transaction to close May 18, subject to customary closing conditions, they said in a Friday press release.\n\u201cThis is an exciting moment for Capital One and Discover,\u201d Capital One founder, Chairman and CEO Richard Fairbank said in the release. \u201cWe understand the critical importance of a strong and competitive banking system to our customers and our economy, and we appreciate the thoughtful and diligent engagement of our regulators as they thoroughly reviewed this deal over the past 14 months.\u201d\nDiscover Interim CEO and President Michael Shepherd said in the release: \u201cThis combination of our two great companies will increase competition in payment networks, offer a wide range of products to our customers, increase our resources devoted to innovation and security, and bring meaningful community benefits.\u201d\nCapital One announced the proposed acquisition in February 2024, saying the all-stock transaction, valued at $35.3 billion, will create a global payments platform with 70 million merchant acceptance points in more than 200 countries and territories.\nIn July, facing some criticism from community groups that feared the planned takeover would reduce services and increase costs for Americans, Capital One said that a combination of Capital One and Discover would provide more benefits to underserved communities than the companies would offer separately.\nThe Federal Reserve Board announced its approval of the proposed merger in a Friday press release, saying: \u201cThe Board evaluated the application under the statutory factors it is required to consider, including the financial and managerial resources of the companies, the convenience and needs of the communities to be served by the combined organization, and the competitive and financial stability impacts of the proposal.\u201d\nThe OCC said in a Friday press release announcing its conditional approval of the deal that it made its decision after analyzing the effect of the merger on communities, the banking industry and the U.S. financial system.\nThe regulator said its approval is conditioned upon approved plans to address and remediate any outstanding enforcement actions against Discover.\n\u201cThe OCC is committed to a regulatory framework that expands access to financial services for consumers, businesses and communities,\u201d Acting Comptroller of the Currency Rodney E. Hood said in the release.\nThese announcements came on the same day that the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board said they fined Discover Financial Services and two of its subsidiaries, alleging that they misclassified consumer credit cards as commercial, thereby requiring merchants to pay higher interchange fees.\nThe post Capital One Expects Discover Acquisition to Close May 18 After Gaining Approvals appeared first on PYMNTS.com.", "date_published": "2025-04-18T14:44:08-04:00", "date_modified": "2025-04-18T14:44:08-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/02/Capital-One-Discover-1.jpg", "tags": [ "Acquisitions", "Capital One", "credit cards", "Discover", "Discover Financial Services", "federal reserve", "Federal Reserve Board", "News", "OC&C", "Office of the Comptroller of the Currency", "PYMNTS News", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2687079", "url": "https://www.pymnts.com/acquisitions/2025/kinective-acquires-datava-to-add-data-intelligence-to-banking-operations-platform/", "title": "Kinective Acquires Datava to Add Data Intelligence to Banking Operations Platform", "content_html": "Kinective said Wednesday (April 16) that it will add end-to-end data intelligence to its banking operations platform after acquiring Datava.
\nThis combination will create a platform that enables financial institutions to leverage their customers and operational data to eliminate process inefficiencies and deliver personalized experiences in branches and online, the companies said in a Wednesday press release.
\n\u201cTogether, we\u2019re creating an integrated banking operations platform that unifies branch automation, document workflow and digital connectivity with powerful data intelligence capabilities,\u201d Kinective CEO Stephen Baker said in the release. \u201cBy aggregating data from core systems, account opening, lending and other previously disconnected systems, institutions will see their operation through an entirely new lens.\u201d
\nWith the addition of Datava\u2019s data aggregation and intelligence solutions for financial institutions, the platform will collect, normalize and unify data across business systems; facilitate intelligent analytics through artificial intelligence (AI)-powered dashboards, predictive modeling and robust reporting; and gain a 360-degree view of customers, according to the release.
\nDatava President and CEO Gordon Flammer, who will join Kinective\u2019s leadership team, said in the release that the combination will accelerate the companies\u2019 shared vision of \u201cdelivering transformative data intelligence to financial institutions.\u201d
\n\u201cOur team has spent years building a powerful platform to empower credit unions and banks to make smarter, faster and more personalized decisions that deepen services to their members and customers,\u201d Flammer said.
\nThis announcement came about nine months after Kinective acquired Nexus Software, a provider of branch device management for financial institutions.
\nAt the time, the Nexus platform served 1,100 financial institutions and supported 400,000 branches in 100 countries.
\nBaker said in a July press release announcing the acquisition: \u201cTheir addition enhances Kinective\u2019s product suite in branch automation, expands our footprint across international markets and opens new partnership channels.\u201d
\nIn October, Kinective partnered with credit union service organization Velera to give credit unions access to Kinective Gateway, an integration technology designed to eliminate the development challenges typically found when introducing new software products into a \u201cdiverse ecosystem of core banking systems.\u201d
\nWith Kinective Gateway, credit unions get a single integration point that \u201copens access to an entire ecosystem of core systems,\u201d the companies said at the time.
\nThe post Kinective Acquires Datava to Add Data Intelligence to Banking Operations Platform appeared first on PYMNTS.com.
\n", "content_text": "Kinective said Wednesday (April 16) that it will add end-to-end data intelligence to its banking operations platform after acquiring Datava.\nThis combination will create a platform that enables financial institutions to leverage their customers and operational data to eliminate process inefficiencies and deliver personalized experiences in branches and online, the companies said in a Wednesday press release.\n\u201cTogether, we\u2019re creating an integrated banking operations platform that unifies branch automation, document workflow and digital connectivity with powerful data intelligence capabilities,\u201d Kinective CEO Stephen Baker said in the release. \u201cBy aggregating data from core systems, account opening, lending and other previously disconnected systems, institutions will see their operation through an entirely new lens.\u201d\nWith the addition of Datava\u2019s data aggregation and intelligence solutions for financial institutions, the platform will collect, normalize and unify data across business systems; facilitate intelligent analytics through artificial intelligence (AI)-powered dashboards, predictive modeling and robust reporting; and gain a 360-degree view of customers, according to the release.\nDatava President and CEO Gordon Flammer, who will join Kinective\u2019s leadership team, said in the release that the combination will accelerate the companies\u2019 shared vision of \u201cdelivering transformative data intelligence to financial institutions.\u201d\n\u201cOur team has spent years building a powerful platform to empower credit unions and banks to make smarter, faster and more personalized decisions that deepen services to their members and customers,\u201d Flammer said.\nThis announcement came about nine months after Kinective acquired Nexus Software, a provider of branch device management for financial institutions.\nAt the time, the Nexus platform served 1,100 financial institutions and supported 400,000 branches in 100 countries.\nBaker said in a July press release announcing the acquisition: \u201cTheir addition enhances Kinective\u2019s product suite in branch automation, expands our footprint across international markets and opens new partnership channels.\u201d\nIn October, Kinective partnered with credit union service organization Velera to give credit unions access to Kinective Gateway, an integration technology designed to eliminate the development challenges typically found when introducing new software products into a \u201cdiverse ecosystem of core banking systems.\u201d\nWith Kinective Gateway, credit unions get a single integration point that \u201copens access to an entire ecosystem of core systems,\u201d the companies said at the time.\nThe post Kinective Acquires Datava to Add Data Intelligence to Banking Operations Platform appeared first on PYMNTS.com.", "date_published": "2025-04-17T16:44:15-04:00", "date_modified": "2025-04-17T16:44:15-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Kinective-Datava-banking.jpg", "tags": [ "Acquisitions", "back office", "banking", "banking operations", "data analysis", "data intelligence", "Datava", "Gordon Flammer", "Kinective", "News", "PYMNTS News", "Stephen Baker", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2686966", "url": "https://www.pymnts.com/acquisitions/2025/b2b-payment-firm-pliant-expands-into-insurance-with-hi-health-acquisition/", "title": "B2B Payment Firm Pliant Expands Into Insurance With Hi.health Acquisition", "content_html": "European B2B payment solution provider Pliant said Wednesday (April 16) that it acquired Austrian InsurTech company hi.health to gain that company\u2019s insurance-specific expertise and to apply its own payment expertise to the insurance sector.
\nHi.health will continue to operate independently, while using Pliant\u2019s infrastructure to support its product offering: a digital interface between insurance carriers and customers that enables insured individuals to submit healthcare invoices and prescriptions for reimbursement via a mobile app, rather than having to pay upfront, the companies said in a Wednesday press release.
\n\u201cHi.health has developed an impressive solution at the intersection of FinTech and insurance,\u201d Pliant CEO Malte Rau said in the release. \u201cBy embedding a payment option into the submission process, they are revolutionizing what has traditionally been a cumbersome reimbursement workflow and creating real value in the process.\u201d
\nSebastian Gruber, CEO and co-founder of hi.health, said in the release that the partnership with Pliant \u201callows us to think even bigger about our mission.\u201d
\n\u201cTogether, we have the opportunity to transform financial processes in the insurance and healthcare industries \u2014 eliminating the cumbersome reimbursement procedures and significantly improving the experience for both users and healthcare providers,\u201d Gruber said.
\nPliant currently provides payment solutions to the travel, mobility and banking sectors, according to the release.
\nThe company raised $19 million in a Series A extension led by PayPal Ventures that brought its total Series A financing to more than $53 million in April 2024.
\nPliant said at the time that the new funding would allow it to expand beyond the European Union for the first time, starting with the U.K.
\nPayPal Ventures Partner Ashish Aggarwal said at the time in a press release: \u201cPliant has emerged as a leading player in B2B payments in continental Europe, thanks to its next-generation, multi-tenant credit card-as-a-service platform that allows easy integration via application programming interfaces or embedded user interfaces.\u201d
\nPliant\u2019s offering of multicurrency capabilities in 11 different currencies enables clients to receive bills in the same currency they transact in, while addressing the diverse needs of European companies with subsidiaries in non-euro markets like the Nordics, Rau told PYMNTS in an interview posted in January 2024.
\nThe post B2B Payment Firm Pliant Expands Into Insurance With Hi.health Acquisition appeared first on PYMNTS.com.
\n", "content_text": "European B2B payment solution provider Pliant said Wednesday (April 16) that it acquired Austrian InsurTech company hi.health to gain that company\u2019s insurance-specific expertise and to apply its own payment expertise to the insurance sector.\nHi.health will continue to operate independently, while using Pliant\u2019s infrastructure to support its product offering: a digital interface between insurance carriers and customers that enables insured individuals to submit healthcare invoices and prescriptions for reimbursement via a mobile app, rather than having to pay upfront, the companies said in a Wednesday press release.\n\u201cHi.health has developed an impressive solution at the intersection of FinTech and insurance,\u201d Pliant CEO Malte Rau said in the release. \u201cBy embedding a payment option into the submission process, they are revolutionizing what has traditionally been a cumbersome reimbursement workflow and creating real value in the process.\u201d\nSebastian Gruber, CEO and co-founder of hi.health, said in the release that the partnership with Pliant \u201callows us to think even bigger about our mission.\u201d\n\u201cTogether, we have the opportunity to transform financial processes in the insurance and healthcare industries \u2014 eliminating the cumbersome reimbursement procedures and significantly improving the experience for both users and healthcare providers,\u201d Gruber said.\nPliant currently provides payment solutions to the travel, mobility and banking sectors, according to the release.\nThe company raised $19 million in a Series A extension led by PayPal Ventures that brought its total Series A financing to more than $53 million in April 2024.\nPliant said at the time that the new funding would allow it to expand beyond the European Union for the first time, starting with the U.K.\nPayPal Ventures Partner Ashish Aggarwal said at the time in a press release: \u201cPliant has emerged as a leading player in B2B payments in continental Europe, thanks to its next-generation, multi-tenant credit card-as-a-service platform that allows easy integration via application programming interfaces or embedded user interfaces.\u201d\nPliant\u2019s offering of multicurrency capabilities in 11 different currencies enables clients to receive bills in the same currency they transact in, while addressing the diverse needs of European companies with subsidiaries in non-euro markets like the Nordics, Rau told PYMNTS in an interview posted in January 2024.\nThe post B2B Payment Firm Pliant Expands Into Insurance With Hi.health Acquisition appeared first on PYMNTS.com.", "date_published": "2025-04-17T15:34:26-04:00", "date_modified": "2025-04-17T21:04:52-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Pliant-insurance-hi.health.png", "tags": [ "Acquisitions", "B2B", "B2B Payments", "commercial payments", "FinTech", "hi.health", "Insurance", "insurance technology", "InsurTech", "News", "pliant", "PYMNTS News", "What's Hot", "What's Hot In B2B" ] }, { "id": "https://www.pymnts.com/?p=2686627", "url": "https://www.pymnts.com/acquisitions/2025/global-payments-fis-upend-fintech-with-dual-billion-dollar-deals/", "title": "Global Payments, FIS Upend FinTech With Dual $13.5 Billion, $6.6 Billion Deals", "content_html": "Global Payments set the FinTech sector abuzz early Thursday (April 17) with a pair of sweeping transactions.
\nIt sold its issuer solutions business to FIS for $13.5 billion and simultaneously bought Worldpay for a net price of $22.7 billion, according to a Thursday press release. Worldpay is currently co-owned by FIS and private equity firm GTCR.
\nGlobal Payments will fully exit the issuer processing field, turning that operation over to FIS as it doubles down on merchant solutions, the release said.
\nFIS also announced in a separate Thursday press release that it would divest its remaining stake in Worldpay to Global Payments for $6.6 billion, speeding up the monetization of its minority holding.
\nThe moves aim to clarify each company\u2019s strategic focus. Global Payments becomes a pure-play merchant solutions provider, while FIS strengthens its banking and payments suite by bolstering its credit processing scale. Both deals are slated to close in the first half of 2026, pending regulatory approvals.
\nUnder the new structure, Global Payments consolidates its merchant-focused platform with Worldpay\u2019s capabilities in eCommerce and enterprise transactions. This combined enterprise is expected to serve 6 million customers, enabling around 94 billion transactions and $3.7 trillion in payment volumes across more than 175 countries, per the first release.
\nFIS, meanwhile, intends to use Issuer Solutions\u2019 comprehensive credit processing technology, which spans more than 40 billion transactions annually, to deepen relationships with global financial institutions, according to the second release.
\n\u201cThe acquisition of Issuer Solutions is a strategic and accretive transaction that will expand FIS\u2019 payment product suite,\u201d FIS CEO and President Stephanie Ferris said in the second release, adding that it replaces a \u201cnon-cash generating\u201d minority stake with growing recurring revenues and cash flow.
\nGlobal Payments CEO Cameron Bready described these agreements as transformative, sharpening the company\u2019s focus on merchant solutions at scale and boosting its offerings for everything from point-of-sale systems to integrated and embedded payments.
\n\u201cWe could not be more excited about the future,\u201d Bready said in the first release.
\nWorldpay CEO Charles Drucker also underscored in the first release how the deal knits together \u201ctwo strong teams with similar histories, a shared culture of innovation and deep payments expertise.\u201d
\nFIS stands to integrate Issuer Solutions\u2019 credit processing suite into its established debit, loyalty and network services, expecting to drive more than $150 million in net EBITDA synergies within three years, according to the first release. The company also projects $45 million in incremental revenue synergies in that period, expanding to at least $125 million in the longer term. In financial terms, Issuer Solutions is expected to give FIS over $500 million in additional adjusted free cash flow within the first 12 months post-closing. While taking on $8 billion in new debt and transferring the value from its Worldpay stake to fund the acquisition, FIS anticipates its pro forma gross leverage to be about 3.4 times and plans to reduce that to 2.8 times within 18 months.
\nLooking ahead, both Global Payments and FIS reaffirmed their 2025 outlooks. Global Payments cited first-quarter adjusted net revenue growth of over 5%, excluding dispositions, while FIS reported about 4% adjusted revenue growth for the period, per their respective releases. Each company plans to report more detailed quarterly results May 6. In the near term, FIS intends to maintain its dividend strategy and execute M&A and share repurchases, although it expects to pause buybacks briefly after closing to accelerate deleveraging.
\nIf regulators and shareholders give their blessing, the transactions will likely reshape the competitive landscape in digital payments and processing, creating a more specialized ecosystem in which Global Payments focuses entirely on merchant solutions and FIS assumes a more active role in issuer processing for financial institutions worldwide.
\nThe post Global Payments, FIS Upend FinTech With Dual $13.5 Billion, $6.6 Billion Deals appeared first on PYMNTS.com.
\n", "content_text": "Global Payments set the FinTech sector abuzz early Thursday (April 17) with a pair of sweeping transactions.\nIt sold its issuer solutions business to FIS for $13.5 billion and simultaneously bought Worldpay for a net price of $22.7 billion, according to a Thursday press release. Worldpay is currently co-owned by FIS and private equity firm GTCR.\nGlobal Payments will fully exit the issuer processing field, turning that operation over to FIS as it doubles down on merchant solutions, the release said.\nFIS also announced in a separate Thursday press release that it would divest its remaining stake in Worldpay to Global Payments for $6.6 billion, speeding up the monetization of its minority holding.\nThe moves aim to clarify each company\u2019s strategic focus. Global Payments becomes a pure-play merchant solutions provider, while FIS strengthens its banking and payments suite by bolstering its credit processing scale. Both deals are slated to close in the first half of 2026, pending regulatory approvals.\nUnder the new structure, Global Payments consolidates its merchant-focused platform with Worldpay\u2019s capabilities in eCommerce and enterprise transactions. This combined enterprise is expected to serve 6 million customers, enabling around 94 billion transactions and $3.7 trillion in payment volumes across more than 175 countries, per the first release.\nFIS, meanwhile, intends to use Issuer Solutions\u2019 comprehensive credit processing technology, which spans more than 40 billion transactions annually, to deepen relationships with global financial institutions, according to the second release.\n\u201cThe acquisition of Issuer Solutions is a strategic and accretive transaction that will expand FIS\u2019 payment product suite,\u201d FIS CEO and President Stephanie Ferris said in the second release, adding that it replaces a \u201cnon-cash generating\u201d minority stake with growing recurring revenues and cash flow.\nGlobal Payments CEO Cameron Bready described these agreements as transformative, sharpening the company\u2019s focus on merchant solutions at scale and boosting its offerings for everything from point-of-sale systems to integrated and embedded payments.\n\u201cWe could not be more excited about the future,\u201d Bready said in the first release.\nWorldpay CEO Charles Drucker also underscored in the first release how the deal knits together \u201ctwo strong teams with similar histories, a shared culture of innovation and deep payments expertise.\u201d\nFIS stands to integrate Issuer Solutions\u2019 credit processing suite into its established debit, loyalty and network services, expecting to drive more than $150 million in net EBITDA synergies within three years, according to the first release. The company also projects $45 million in incremental revenue synergies in that period, expanding to at least $125 million in the longer term. In financial terms, Issuer Solutions is expected to give FIS over $500 million in additional adjusted free cash flow within the first 12 months post-closing. While taking on $8 billion in new debt and transferring the value from its Worldpay stake to fund the acquisition, FIS anticipates its pro forma gross leverage to be about 3.4 times and plans to reduce that to 2.8 times within 18 months.\nLooking ahead, both Global Payments and FIS reaffirmed their 2025 outlooks. Global Payments cited first-quarter adjusted net revenue growth of over 5%, excluding dispositions, while FIS reported about 4% adjusted revenue growth for the period, per their respective releases. Each company plans to report more detailed quarterly results May 6. In the near term, FIS intends to maintain its dividend strategy and execute M&A and share repurchases, although it expects to pause buybacks briefly after closing to accelerate deleveraging.\nIf regulators and shareholders give their blessing, the transactions will likely reshape the competitive landscape in digital payments and processing, creating a more specialized ecosystem in which Global Payments focuses entirely on merchant solutions and FIS assumes a more active role in issuer processing for financial institutions worldwide.\nThe post Global Payments, FIS Upend FinTech With Dual $13.5 Billion, $6.6 Billion Deals appeared first on PYMNTS.com.", "date_published": "2025-04-17T09:48:38-04:00", "date_modified": "2025-04-17T09:58:16-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Global-Payments-FIS.png", "tags": [ "Acquisitions", "banking", "credit", "Digital Payments", "ecommerce", "embedded finance", "Embedded Payments", "FinTech", "FIS", "Global Payments", "merchants", "News", "PYMNTS News", "What's Hot", "Worldpay" ] }, { "id": "https://www.pymnts.com/?p=2685820", "url": "https://www.pymnts.com/acquisitions/2025/lyft-pays-197-million-to-pick-up-german-taxi-app-freenow/", "title": "Lyft Pays $197 Million to Pick Up German Taxi App FreeNow", "content_html": "Lyft\u00a0is expanding into Europe with its $197 million purchase of taxi app\u00a0FreeNow.
\nThe deal,\u00a0announced\u00a0Wednesday (April 16), will see Lyft acquire the Germany-based company from\u00a0BMW\u00a0and\u00a0Mercedes-Benz Mobility. It also marks the ride-hailing service\u2019s largest expansion outside of North America.
\n\u201cWe\u2019re on an ambitious path to build the best, most customer-obsessed mobility platform in the world, and entering Europe is an important step in our growth journey,\u201d Lyft CEO\u00a0David Risher\u00a0said in a news release.
\n\u201cWe found the perfect partner in FreeNow and can learn a lot from the team. FreeNow\u2019s local-first approach mirrors Lyft\u2019s values and embodies our purpose \u2014 to serve and connect.\u201d
\nThe deal will allow Lyft to fuel growth in more than 150 cities across Austria, France, Germany, Greece, Ireland, Italy, Poland, Spain and the United Kingdom.
\nThe company added that the acquisition is expected to almost double Lyft\u2019s total addressable market to more than 300 billion personal vehicle trips per year, increasing annualized gross bookings by approximately 1 billion euros ($1.1 billion).
\nLyft recently announced it plans to begin adding\u00a0autonomous vehicles\u00a0(AVs) to its ridesharing platform as soon as this summer.
\n\u201cAnd over time, AVs will account for a larger share of cars, and a\u00a0larger percentage of rides,\u201d Jeremy Bird, executive vice president of driver experience at Lyft, wrote in a post on the company\u2019s blog last month.
\nHe also addressed how the arrival of AVs could affect human drivers already offering their services for Lyft. Bird acknowledged the company was still wrestling with that question, but said Lyft expects there will still be opportunities for drivers because the addition of AVs doesn\u2019t have to mean there will be fewer rides to be served by drivers.
\n\u201cAdding cars to our platform \u2014 whether they\u2019re driven by humans or AVs \u2014 improves arrival times and creates a better rider experience,\u201d Bird wrote. \u201cThat gets people to take more rides, creating more opportunities for drivers.\u201d
\nMeanwhile, Lyft rival\u00a0Uber\u00a0said this week that it had\u00a0opened up a waiting list\u00a0for riders who want to take part in its AV offering in Atlanta in partnership with Google-owned\u00a0Waymo.
\n\u201cWith 14 AV partners to date \u2014 and tens of thousands of autonomous trips happening every month \u2014 we\u2019re excited to expand our years-long partnership with Waymo, recently bringing autonomous rides to Austin, and soon Atlanta, exclusively through the Uber app,\u201d Uber said.
\nThe post Lyft Pays $197 Million to Pick Up German Taxi App FreeNow appeared first on PYMNTS.com.
\n", "content_text": "Lyft\u00a0is expanding into Europe with its $197 million purchase of taxi app\u00a0FreeNow.\nThe deal,\u00a0announced\u00a0Wednesday (April 16), will see Lyft acquire the Germany-based company from\u00a0BMW\u00a0and\u00a0Mercedes-Benz Mobility. It also marks the ride-hailing service\u2019s largest expansion outside of North America.\n\u201cWe\u2019re on an ambitious path to build the best, most customer-obsessed mobility platform in the world, and entering Europe is an important step in our growth journey,\u201d Lyft CEO\u00a0David Risher\u00a0said in a news release.\n\u201cWe found the perfect partner in FreeNow and can learn a lot from the team. FreeNow\u2019s local-first approach mirrors Lyft\u2019s values and embodies our purpose \u2014 to serve and connect.\u201d\nThe deal will allow Lyft to fuel growth in more than 150 cities across Austria, France, Germany, Greece, Ireland, Italy, Poland, Spain and the United Kingdom.\nThe company added that the acquisition is expected to almost double Lyft\u2019s total addressable market to more than 300 billion personal vehicle trips per year, increasing annualized gross bookings by approximately 1 billion euros ($1.1 billion).\nLyft recently announced it plans to begin adding\u00a0autonomous vehicles\u00a0(AVs) to its ridesharing platform as soon as this summer.\n\u201cAnd over time, AVs will account for a larger share of cars, and a\u00a0larger percentage of rides,\u201d Jeremy Bird, executive vice president of driver experience at Lyft, wrote in a post on the company\u2019s blog last month.\nHe also addressed how the arrival of AVs could affect human drivers already offering their services for Lyft. Bird acknowledged the company was still wrestling with that question, but said Lyft expects there will still be opportunities for drivers because the addition of AVs doesn\u2019t have to mean there will be fewer rides to be served by drivers.\n\u201cAdding cars to our platform \u2014 whether they\u2019re driven by humans or AVs \u2014 improves arrival times and creates a better rider experience,\u201d Bird wrote. \u201cThat gets people to take more rides, creating more opportunities for drivers.\u201d\nMeanwhile, Lyft rival\u00a0Uber\u00a0said this week that it had\u00a0opened up a waiting list\u00a0for riders who want to take part in its AV offering in Atlanta in partnership with Google-owned\u00a0Waymo.\n\u201cWith 14 AV partners to date \u2014 and tens of thousands of autonomous trips happening every month \u2014 we\u2019re excited to expand our years-long partnership with Waymo, recently bringing autonomous rides to Austin, and soon Atlanta, exclusively through the Uber app,\u201d Uber said.\nThe post Lyft Pays $197 Million to Pick Up German Taxi App FreeNow appeared first on PYMNTS.com.", "date_published": "2025-04-16T12:09:59-04:00", "date_modified": "2025-04-16T12:09:59-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2021/12/lyft.jpg", "tags": [ "Acquisitions", "Autonomous vehicles", "avs", "BMW", "EMEA", "Freenow", "Lyft", "Mercedes-Benz Mobility", "News", "PYMNTS News", "ride-hailing", "Ridesharing", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2685775", "url": "https://www.pymnts.com/acquisitions/2025/napster-owner-infinite-reality-valued-at-15-billion-after-acquiring-touchcast/", "title": "Napster Owner Infinite Reality Valued at $15 Billion After Acquiring Touchcast", "content_html": "Metaverse company\u00a0Infinite Reality\u00a0has been valued at $15.5 billion after purchasing AI firm\u00a0Touchcast, the company announced Wednesday (April 16).
\nIn purchasing Touchcast, Infinite Reality gets access to products that include artificial intelligence (AI) agent offerings.\u00a0\u201cAgentic AI is a big part of how consumers and businesses will interact with the web in the future,\u201d Infinite Reality CEO and founder John Acunto said in the announcement.
\nThe $500 million deal comes weeks after Infinite Reality announced plans to purchase music brand\u00a0Napster, Bloomberg News\u00a0reported\u00a0Wednesday. That acquisition is one of several the company is making, the report added, as Infinite Reality tries to establish itself as a key player in the AI and eCommerce spaces.
\nTouchcast\u2019s technology can convincingly duplicate someone\u2019s speech, so that \u2014 to use Bloomberg\u2019s example \u2014 a company could create a digital doppelganger of their CEO for investor pitches.
\nTouchcast Co-founder and CEO Edo Segal told Bloomberg that AI would give Infinite Reality users access to an \u201cinfinite universe of agents that occupy different personas and different professions,\u201d essentially giving people access to a stable of AI employees.
\nThe Touchcast acquisition is Infinite Reality\u2019s third purchase this year and its biggest to date, the report said. The company in January\u00a0announced a $3 billion investment\u00a0from an unidentified backer whose portfolio focuses on global technology and real estate.
\nIn other artificial intelligence news, PYMNTS wrote Wednesday about the technology\u2019s use in amplifying the potential of data \u2014 particularly transaction and payments data \u2014 for retailers.
\n\u201cLegacy silos and fragmented tech stacks have\u00a0stifled innovation in retail. Yet GenAI\u2019s arrival has intensified the urgency for cohesive data strategies,\u201d that report said. \u201cEarly adopters are moving quickly to unify disparate data sources, from point of sale (POS) and customer relationship management (CRM) to inventory, social and customer sentiment, and layer governance and accessibility frameworks on top.\u201d
\nAccording to research from\u00a0\u201cGenAI Applications in Retail Transaction Analysis: Industry Trends and Insights,\u201d\u00a0a collaboration between PYMNTS Intelligence and\u00a0Fiserv, more than 90% of surveyed retailers, each of generating at least $500 million in yearly revenue, have integrated GenAI into their transaction data workflows.
\n\u201cThere\u2019s a widening gap between retailers who\u00a0are AI-enabled\u00a0and those who are still manually pulling reports from six different systems,\u201d PYMNTS wrote. \u201cIt\u2019s not just about speed. It\u2019s about resilience, adaptability and long-term relevance.\u201d
\nBut in spite of growing enthusiasm, the research spotlights an obvious gap between ambition and execution. Under one-third of three retailers rate their data analytics capabilities as \u201chigh,\u201d and just 22% felt strong confidence in cross-functional data sharing and collaboration.
\nFor all PYMNTS AI coverage, subscribe to the daily\u00a0AI\u00a0Newsletter.
\nThe post Napster Owner Infinite Reality Valued at $15 Billion After Acquiring Touchcast appeared first on PYMNTS.com.
\n", "content_text": "Metaverse company\u00a0Infinite Reality\u00a0has been valued at $15.5 billion after purchasing AI firm\u00a0Touchcast, the company announced Wednesday (April 16).\nIn purchasing Touchcast, Infinite Reality gets access to products that include artificial intelligence (AI) agent offerings.\u00a0\u201cAgentic AI is a big part of how consumers and businesses will interact with the web in the future,\u201d Infinite Reality CEO and founder John Acunto said in the announcement.\nThe $500 million deal comes weeks after Infinite Reality announced plans to purchase music brand\u00a0Napster, Bloomberg News\u00a0reported\u00a0Wednesday. That acquisition is one of several the company is making, the report added, as Infinite Reality tries to establish itself as a key player in the AI and eCommerce spaces.\nTouchcast\u2019s technology can convincingly duplicate someone\u2019s speech, so that \u2014 to use Bloomberg\u2019s example \u2014 a company could create a digital doppelganger of their CEO for investor pitches.\nTouchcast Co-founder and CEO Edo Segal told Bloomberg that AI would give Infinite Reality users access to an \u201cinfinite universe of agents that occupy different personas and different professions,\u201d essentially giving people access to a stable of AI employees.\nThe Touchcast acquisition is Infinite Reality\u2019s third purchase this year and its biggest to date, the report said. The company in January\u00a0announced a $3 billion investment\u00a0from an unidentified backer whose portfolio focuses on global technology and real estate.\nIn other artificial intelligence news, PYMNTS wrote Wednesday about the technology\u2019s use in amplifying the potential of data \u2014 particularly transaction and payments data \u2014 for retailers.\n\u201cLegacy silos and fragmented tech stacks have\u00a0stifled innovation in retail. Yet GenAI\u2019s arrival has intensified the urgency for cohesive data strategies,\u201d that report said. \u201cEarly adopters are moving quickly to unify disparate data sources, from point of sale (POS) and customer relationship management (CRM) to inventory, social and customer sentiment, and layer governance and accessibility frameworks on top.\u201d\nAccording to research from\u00a0\u201cGenAI Applications in Retail Transaction Analysis: Industry Trends and Insights,\u201d\u00a0a collaboration between PYMNTS Intelligence and\u00a0Fiserv, more than 90% of surveyed retailers, each of generating at least $500 million in yearly revenue, have integrated GenAI into their transaction data workflows.\n\u201cThere\u2019s a widening gap between retailers who\u00a0are AI-enabled\u00a0and those who are still manually pulling reports from six different systems,\u201d PYMNTS wrote. \u201cIt\u2019s not just about speed. It\u2019s about resilience, adaptability and long-term relevance.\u201d\nBut in spite of growing enthusiasm, the research spotlights an obvious gap between ambition and execution. Under one-third of three retailers rate their data analytics capabilities as \u201chigh,\u201d and just 22% felt strong confidence in cross-functional data sharing and collaboration.\n\nFor all PYMNTS AI coverage, subscribe to the daily\u00a0AI\u00a0Newsletter.\n\nThe post Napster Owner Infinite Reality Valued at $15 Billion After Acquiring Touchcast appeared first on PYMNTS.com.", "date_published": "2025-04-16T10:54:41-04:00", "date_modified": "2025-04-16T10:54:41-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Infinite-Reality-Touchcast.png", "tags": [ "Acquisitions", "AI", "AI agents", "artificial intelligence", "ecommerce", "Infinite Reality", "Metaverse", "Napster", "News", "PYMNTS News", "Technology", "Touchcast", "What's Hot" ] }, { "id": "https://www.pymnts.com/?p=2684870", "url": "https://www.pymnts.com/acquisitions/2025/pipe-acquires-glean-ai-to-add-spend-management-solutions-for-small-businesses/", "title": "Pipe Acquires Glean.ai to Add Spend Management Solutions for Small Businesses", "content_html": "Pipe has brought together embedded capital and spend management solutions for small businesses by acquiring Glean.ai.
\nThis acquisition adds Glean.ai\u2019s artificial intelligence (AI)-powered spend management offering to Pipe\u2019s embedded financial solutions for software platforms that serve small businesses, Pipe said in a Tuesday (April 15) press release.
\n\u201cWith seamless access to capital and smarter spend insights, we\u2019re enabling sustainable growth, better operational oversight and long-term success for small businesses,\u201d Pipe CEO Luke Voiles said in the release.
\nGlean.ai\u2019s spend management solution provides small businesses with one-click access to spending trends, billing errors and savings opportunities, according to the release. It also offers real-time, cross-functional budgeting and bill pay tools and, with the help of AI, helps business owners make timely, data-driven decisions.
\nThis solution complements Pipe\u2019s embedded capital and business charge card solution that is delivered to small businesses through the company\u2019s payments and vertical software partners, the release said.
\nWhile the Glean.ai product is being integrated into Pipe\u2019s internal processes, it will continue to be available directly from Glean.ai, per the release.
\nGlean.ai founder and CEO Howard Katzenberg, who will join Pipe, said in the release that the combination represents \u201ca game-changing opportunity for small businesses.\u201d
\n\u201cThey get the support and resources to grow, while Pipe and Glean together create a more powerful, unified platform that accelerates their success,\u201d Katzenberg said.
\nPipe\u2019s sweet spot lies with small businesses that see sales of $100,000 to about $1 million on an annualized basis, Voiles told PYMNTS CEO Karen Webster in an interview posted in October.
\nIn an earlier interview, posted in June, Voiles said that by embedding financing solutions into the point-of-sale (POS) systems and software platforms that business owners rely on to run their daily operations, FinTechs like Pipe can connect small businesses with innovative capital and lending products that would have otherwise remained unattainable.
\n\u201cIt\u2019s a powerful thing to give someone that has never had access to capital, but has an amazing small business … It can be a huge multiplier,\u201d Voiles said.
\nVoiles added that Pipe is developing a broader suite of financial services.
\n\u201cWhat you can do is offer secondary features where capital becomes this security blanket for businesses that\u2019s within the software they use every day,\u201d Voiles said.
\nFor all PYMNTS B2B coverage, subscribe to the daily\u00a0B2B Newsletter.
\nThe post Pipe Acquires Glean.ai to Add Spend Management Solutions for Small Businesses appeared first on PYMNTS.com.
\n", "content_text": "Pipe has brought together embedded capital and spend management solutions for small businesses by acquiring Glean.ai.\nThis acquisition adds Glean.ai\u2019s artificial intelligence (AI)-powered spend management offering to Pipe\u2019s embedded financial solutions for software platforms that serve small businesses, Pipe said in a Tuesday (April 15) press release.\n\u201cWith seamless access to capital and smarter spend insights, we\u2019re enabling sustainable growth, better operational oversight and long-term success for small businesses,\u201d Pipe CEO Luke Voiles said in the release.\nGlean.ai\u2019s spend management solution provides small businesses with one-click access to spending trends, billing errors and savings opportunities, according to the release. It also offers real-time, cross-functional budgeting and bill pay tools and, with the help of AI, helps business owners make timely, data-driven decisions.\nThis solution complements Pipe\u2019s embedded capital and business charge card solution that is delivered to small businesses through the company\u2019s payments and vertical software partners, the release said.\nWhile the Glean.ai product is being integrated into Pipe\u2019s internal processes, it will continue to be available directly from Glean.ai, per the release.\nGlean.ai founder and CEO Howard Katzenberg, who will join Pipe, said in the release that the combination represents \u201ca game-changing opportunity for small businesses.\u201d\n\u201cThey get the support and resources to grow, while Pipe and Glean together create a more powerful, unified platform that accelerates their success,\u201d Katzenberg said.\nPipe\u2019s sweet spot lies with small businesses that see sales of $100,000 to about $1 million on an annualized basis, Voiles told PYMNTS CEO Karen Webster in an interview posted in October.\nIn an earlier interview, posted in June, Voiles said that by embedding financing solutions into the point-of-sale (POS) systems and software platforms that business owners rely on to run their daily operations, FinTechs like Pipe can connect small businesses with innovative capital and lending products that would have otherwise remained unattainable.\n\u201cIt\u2019s a powerful thing to give someone that has never had access to capital, but has an amazing small business … It can be a huge multiplier,\u201d Voiles said.\nVoiles added that Pipe is developing a broader suite of financial services.\n\u201cWhat you can do is offer secondary features where capital becomes this security blanket for businesses that\u2019s within the software they use every day,\u201d Voiles said.\nFor all PYMNTS B2B coverage, subscribe to the daily\u00a0B2B Newsletter.\nThe post Pipe Acquires Glean.ai to Add Spend Management Solutions for Small Businesses appeared first on PYMNTS.com.", "date_published": "2025-04-15T11:19:27-04:00", "date_modified": "2025-04-15T23:16:48-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/06/Pipe-logo-white-on-black.jpg", "tags": [ "Acquisitions", "AI", "artificial intelligence", "B2B", "B2B Payments", "bill pay", "commercial payments", "embedded finance", "Glean AI", "News", "Pipe", "PYMNTS News", "small business finance", "small businesses", "spend management", "What's Hot", "What's Hot In B2B" ] }, { "id": "https://www.pymnts.com/?p=2684728", "url": "https://www.pymnts.com/acquisitions/2025/intuit-expands-money-management-offerings-with-deserve-acquisition/", "title": "Intuit Expands Money Management Offerings With Deserve Acquisition", "content_html": "Intuit\u00a0says it is preparing to acquire mobile-first credit card platform\u00a0Deserve.
\nThe deal,\u00a0announced\u00a0Monday (April 14), will see Intuit acquire \u201ckey technology\u201d and team members from Deserve, part of what Intuit says is its strategy to expand its money management offerings.
\n\u201cThis agreement aligns to our strategy to further invest in and expand our money offerings to support our goal of addressing the critical challenges businesses face: managing cash flow and gaining real-time financial visibility,\u201d the company said in a news release. \u201cThese challenges are significant, with over 80% of business failures linked to cash flow issues.\u201d
\n\u201cSelect members\u201d of Deserve\u2019s team will join Intuit as part of this acquisition, per the release. Terms of the deal, set to close in the third quarter of the year, have not been disclosed.
\nIntuit\u2019s comments about the cash flow management\u00a0challenges facing businesses\u00a0match PYMNTS Intelligence research that shows roughly half of all small and medium-sized businesses (SMBs) depend on immediate sales or existing cash for survival.
\n\u201cSMBs with access to some method of financing\u00a0demonstrate greater confidence\u00a0in navigating economic challenges,\u201d PYMNTS wrote last month.
\n\u201cInterestingly, many SMBs not using financing claim that it\u2019s unnecessary, but also lack access. Overall, the report highlights the crucial role of financing in SMB stability and growth while also identifying disparities in access and utilization.\u201d
\nAnd with around half of these smaller businesses relying just on cash at hand to remain afloat, that leaves a substantial number SMBs acutely vulnerable, particularly hotels, restaurants and entertainment businesses, the most likely to be dependent on these limited cash stockpiles.
\nAdditional research by PYMNTS Intelligence and American Express finds that limited cash reserves presents an ongoing challenge, with\u00a0nearly 70% of SMBs\u00a0holding less than four months\u2019 worth of cash, making them vulnerable to disruptions.
\nWith 90% of their revenue spent on daily operations, many business owners juggle tight cash flow, with 45% having to sacrifice their own paychecks due to cash flow issues and 22% struggling to stay on top essential bills, pushing them toward closure.
\n\u201cThese factors\u00a0underscore a need\u00a0for SMBs to evaluate their cash flow strategies,\u201d PYMNTS wrote in January. \u201cIn fact, 45% of global CEOs recognize the need to assess their business models to optimize cash flow, and the concern is even greater among smaller firms.\u201d
\nThe research also found that 56% of CEOs from businesses earning less than $100 million are concerned about their long-term viability it their cash management practices remain unchanged.
\nThe post Intuit Expands Money Management Offerings With Deserve Acquisition appeared first on PYMNTS.com.
\n", "content_text": "Intuit\u00a0says it is preparing to acquire mobile-first credit card platform\u00a0Deserve.\nThe deal,\u00a0announced\u00a0Monday (April 14), will see Intuit acquire \u201ckey technology\u201d and team members from Deserve, part of what Intuit says is its strategy to expand its money management offerings.\n\u201cThis agreement aligns to our strategy to further invest in and expand our money offerings to support our goal of addressing the critical challenges businesses face: managing cash flow and gaining real-time financial visibility,\u201d the company said in a news release. \u201cThese challenges are significant, with over 80% of business failures linked to cash flow issues.\u201d\n\u201cSelect members\u201d of Deserve\u2019s team will join Intuit as part of this acquisition, per the release. Terms of the deal, set to close in the third quarter of the year, have not been disclosed.\nIntuit\u2019s comments about the cash flow management\u00a0challenges facing businesses\u00a0match PYMNTS Intelligence research that shows roughly half of all small and medium-sized businesses (SMBs) depend on immediate sales or existing cash for survival.\n\u201cSMBs with access to some method of financing\u00a0demonstrate greater confidence\u00a0in navigating economic challenges,\u201d PYMNTS wrote last month.\n\u201cInterestingly, many SMBs not using financing claim that it\u2019s unnecessary, but also lack access. Overall, the report highlights the crucial role of financing in SMB stability and growth while also identifying disparities in access and utilization.\u201d\nAnd with around half of these smaller businesses relying just on cash at hand to remain afloat, that leaves a substantial number SMBs acutely vulnerable, particularly hotels, restaurants and entertainment businesses, the most likely to be dependent on these limited cash stockpiles.\nAdditional research by PYMNTS Intelligence and American Express finds that limited cash reserves presents an ongoing challenge, with\u00a0nearly 70% of SMBs\u00a0holding less than four months\u2019 worth of cash, making them vulnerable to disruptions.\nWith 90% of their revenue spent on daily operations, many business owners juggle tight cash flow, with 45% having to sacrifice their own paychecks due to cash flow issues and 22% struggling to stay on top essential bills, pushing them toward closure.\n\u201cThese factors\u00a0underscore a need\u00a0for SMBs to evaluate their cash flow strategies,\u201d PYMNTS wrote in January. \u201cIn fact, 45% of global CEOs recognize the need to assess their business models to optimize cash flow, and the concern is even greater among smaller firms.\u201d\nThe research also found that 56% of CEOs from businesses earning less than $100 million are concerned about their long-term viability it their cash management practices remain unchanged.\nThe post Intuit Expands Money Management Offerings With Deserve Acquisition appeared first on PYMNTS.com.", "date_published": "2025-04-15T09:14:25-04:00", "date_modified": "2025-04-15T09:14:25-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Intuit-Deserve.png", "tags": [ "Acquisitions", "Business Finance", "cash flow", "credit cards", "Deserve", "Intuit", "money management", "News", "PYMNTS News", "spend management", "What's Hot", "working capital" ] } ] }