News
UK fintech Ebury acquires Lithuania’s ArcaPay to boost international expansion
UK fintech Ebury has entered into an agreement to acquire ArcaPay, a B2B cross-border payment solutions provider based in Lithuania. Ebury says the addition of ArcaPay will enable the company to “expand in the Baltics” and “help existing clients grow in the region”.
Global fintech investment fell 20% in 2024, according to new Innovate Finance report
Global fintech investment fell by 20% in 2024, with fintech companies worldwide bringing in a total of $43.5 billion in investment compared to the $54.2 billion total achieved over 2023. This is according to a new report by UK-based industry body Innovate Finance, which also revealed that the total number of fintech deals globally dropped to 6,464 in 2024 compared to 7,683 in 2023, a decrease of 16%.
Shawbrook reportedly eyeing potential £2bn London IPO in 2025
UK-based savings and lending bank Shawbrook is reportedly eyeing up a potential initial public offering (IPO) on the London stock exchange in the first half of 2025 at a valuation of around £2 billion, according to Sky News.
FIS reportedly set to acquire UK-based fintech Demica for around $300m
US banking and paytech giant FIS is reportedly set to acquire London-based fintech Demica in a deal worth around $300 million, according to a report by Sky News.
