Acquisition

Cross River Bank to power Openpay’s US expansion

‘Buy now, Pay smarter.’ company Openpay, and its subsidiary Opy USA, Inc., have strategically partnered with Cross River Bank, a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, to offer Opy’s differentiated next-generation “Buy Now, Pay Smarter” products for consumer banking loans.While many traditional Buy Now Pay Later programs cater primarily to small, retail purchases, Opy’s Buy Now, Pay Smarter services are aimed at a broad swath of consumers to help them afford and pay for crucial life needs with transparency and confidence. As Opy advances

Deutsche Post DHL Group announces intent to acquire J.F. Hillenbrand Group

Global logistics services provider Deutsche Post DHL Group (DPDHL) said this week it has inked an agreement to acquire Mainz, Germany-based global ocean freight forwarding services provider J.F. Hillebrand Group and its related subsidiaries for roughly $1.5 billion (EUR).Established in 1844, J.F. Hillenbrand is a global service provider, focusing on ocean freight forwarding, transport, and logistics for beverages, non-hazardous, bulk liquids, and other products requiring special care. DHL said that over the last 12 months, J.F. Hillenbrand generated revenue of around $1.4 billion (EUR), will ship roughly 500,00 TEU (Twenty-Foot

Elon Musk and Mark Cuban See Dogecoin as the ‘Strongest’ Cryptocurrency for Payments

Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin as the “strongest” cryptocurrency when it comes to using it as a means of payment. To promote the use of dogecoin further, the NBA team Dallas Mavericks will be offering “special pricing for those who pay with dogecoin.” Elon Musk Agrees With Mark Cuban That Dogecoin Is the ‘Strongest’ Medium-of-Exchange Crypto Tesla and Spacex CEO Elon Musk and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, have affirmed their belief that the meme cryptocurrency dogecoin

Episode #338: Startup Series – Will Matthews, Fellow, “Semen Quality Is The Canary In The Coal Mine To Overall Health”

Episode #338: Startup Series – Will Matthews, Fellow, “Semen Quality Is The Canary In The Coal Mine To Overall Health” Guest: William Matthews is the founder and CEO of Fellow, which offers the only lab-certified, mail-in semen analysis that exceeds all standards for FDA validated semen analysis methods. Date Recorded: 7/15/2021     |     Run-Time: 49:21 Summary: In today’s episode, we’re covering the topic that men like to shy away from – sperm health! We start by discussing the decline in fertility rates in the West and the possible reasons why –

How to value the stocks of digital banks: J.P. Morgan

The addition of digital banks, finance-embedded internet companies, and other challengers to incumbent banks creates a puzzle for stock analysts: how to figure out what these companies are worth. Most of these new entities are not publicly listed, although that is changing, with upcoming IPOs from the likes of Kakao Bank, Paytm, Bukalapak, and Grab’s SPAC acquisition – not to mention the possibility of a restructured Ant Group. Public or private, these challengers are all getting bank licenses, which means they need to be weighed by anyone researching financial institutions

Singapore’s Kris Infotech acquires majority stake in AGS Tek Partners,…

Kris Infotech acquires majority stake in AGS Tek Partners We are thrilled to add AGS Tek Partners into our fold. Their expertise and experience in delivering IT resourcing and training services in the US over many years is immensely valuable and will serve as a launchpad for our own growth plans. SINGAPORE (PRWEB) July 26, 2021 Leading Singapore-headquartered IT consulting and advisory services company Kris Infotech has acquired a 60% stake in the Colorado-based IT consultancy and Staffing company AGS Tek Partners. The acquisition follows Kris Infotech’s strategic roadmap for

Bambu’s acquisition takes it into new wealthtech turf

Bambu, a Singapore-based robo-advisor wealthtech company, announced the acquisition of a Dubai-based fintech called TradeSocio on July 13. The move sets Bambu on a path to better service advisory-led wealth markets such as the U.S. – and sets it up for a planned Series C funding round. Ned Philips, CEO and co-founder at Bambu, says the company wants to close on a new $25 million raise in the fourth quarter this year. Its lead investors are Franklin Templeton (also a client) and Chicago-based Peak6 Investments. Bambu has raised a total

What new fintech Nomu Pay gets from Wirecard’s assets

Finch Capital, an Amsterdam-based venture firm, has funded the creation of a payments fintech called Nomu Pay that is being sewn together out of a series of domestic businesses of the failed Wirecard. The VC has brought Peter Burridge in to run the new business. Burridge has a long track record in technology, having served as president of a company called Hyperwallet that he sold to PayPal, among other roles. Burridge is meant to run Nomu Pay from Singapore, but he spoke with DigFin from his native New Zealand, where