3 FinTech acquisitions occurred in America in November 2022

By Edlyn Cardoza

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. In accordance FT partnersin 2021 there were 1,485 M&A deals in the FinTech space totaling $348.5 billion.

Here are 3 FinTech acquisitions announced in America in November 2022:

BILL, a leader in financial automation software for small and medium-sized businesses (SMBs), announced that it has completed the acquisition of Finmark, a leading financial planning software provider that simplifies financial planning and cash flow insights for SMBs.

Hundreds of businesses rely on financial automation software solutions to manage financial workflows, including payables, receivables, and expense and expense management. With BILL, companies are connected to a network of millions of members, so they can pay or get paid faster. Through its automated solutions, the company helps small and medium-sized businesses to simplify and control their finances, so that they can safely manage their businesses and succeed on their terms.

Fortis, one of the leaders in embedded payments for software providers, announced that the company is expanding its suite of technology solutions by acquiring Payment Logistics, an industry-leading payment technology company based in La Jolla, California. Payment Logistics brings not only dozens of built-in payment partnerships, but a myriad of cutting-edge solutions and a highly experienced team to the Fortis family.

Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has an extensive breadth of partnerships that process a significant volume of transactions across thousands of businesses annually. The team has partnered with leading developers, software vendors and value-added resellers (VARs) to overcome payment integration challenges and deliver strategies that maximize return on investment in commerce solutions. Payment Logistics founder Dustin Niglio will continue to lead the La Jolla team as part of the Fortis family.

Opn, the one-stop payment solutions provider from Japan and Southeast Asia, announced that it has acquired MerchantE, an end-to-end digital commerce platform that provides payment processing and solutions to businesses of all sizes in the United States. The acquisition will accelerate Opn’s growth and innovation to create a global supplier of payment solutions in this significant market.

Headquartered in Georgia, MerchantE helps mid-sized businesses and enterprises grow by providing them with comprehensive payment processing capabilities necessary to simplify transactions. MerchantE’s robust backend technology strongly complements Opn’s one-stop online payment and digital transformation solutions.

READ ALSO: Global Core Banking Vendors & Landscape Report Q3 2022