5 FinTech acquisitions in Europe in November 2022

By Gloria Methri

Mergers and acquisitions (M&A) is a sector that is highly elastic in its behaviour. Successfully acquiring and integrating FinTech companies poses a significant challenge. According to FT Partners, as many as 1,485 M&A deals occurred in the FinTech space in 2021, totaling $348.5 billion.

Here are 5 FinTech acquisitions announced in Europe in November 2022:

Provider of payment infrastructure MANGOPAY have acquired Polish AI fraud detection and prevention company Nethone, to develop and provide anti-fraud solutions for marketplaces.

Marketplaces account for over two-thirds of global e-commerce transactions, making them a prime target for fraudsters. To better detect and prevent threats in real time, MANGOPAY and Nethone create a fraud prevention solution specifically for platforms and marketplaces.

This solution will allow any type of platform to transform threats and challenges from malicious activity into profitable business decisions.

Business banking platform Tide has announced that it will acquire financing options for the SME credit market, subject to FCA approval. The acquisition will give Tide’s 475,000 customers access to Funding Options’ panel of 120 lenders.

Funding Options uses data analytics, open banking APIs and artificial intelligence to automatically determine loan approval. Since 2013, it has provided £680 million in business loans. Under the agreement, Funding Options will continue to operate as a separate brand within Tide.

Regulatory reporting firm Regnology has acquired b.fine, a Belgian RegTech company that assists financial institutions in improving their reporting supply chain. b.fine helps over 30 institutional clients, including banks, insurance companies and investment firms, to reduce their regulatory burdens.

b.fine’s cloud-enabled technology adds to Regnology’s existing regulatory and regulatory reporting offering by enhancing its last-mile reporting capabilities and accelerating the firm’s ability to serve an expanded pan-European market.

FINOM, the digital financial services platform for SMEs and freelancers, has acquired Kapaga, a UK-based cross-border payment service that facilitates international trade for SMEs.

FINOM has developed a mobile-first platform, which combines a wide range of financial management products into a comprehensive back-office solution for entrepreneurs and freelancers. Kapaga’s cloud architecture gives companies transparency when it comes to streamlining cross-border payments. The merger will unite separate payment services to offer customized solutions to solo freelancers, mid-sized businesses and corporate clients across Europe and the UK.

French payments giant Worldline aims to increase its presence in Italy with the acquisition of Banco Desio’s procurement activities for around €100 million. Banco Desio’s purchasing portfolio supplies payment solutions to around 15,000 companies, and generates around 40 million transactions per year.

Worldline said the deal is expected to close in the first quarter of 2023 and will generate additional revenue of around 15 million euros in the first year

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