back Back

10 FinTech Mergers and Acquisitions in Europe in 2022

By Gloria Methri

January 09, 2023

  • Billtrust
  • EQT Private Equity
  • Europe
Share

FinTech, Mergers and Acquisitions, EuropeMergers 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, totalling $348.5 billion. Moreover, in the first half of 2022 $76.8 billion was invested across 3,447 deals, according to data from FinTech Global.

Here are 10 notable FinTech mergers and acquisitions announced in Europe in 2022:

  • Luko and Coya

In January, French insurance firm Luko announced that it is acquiring German start-up Coya to grow its European presence and get an insurance license from German regulators. The company said it was a 100% share deal, which means that Coya investors are now Luko investors. Those investors include Valar Ventures, Headline, and Roland Berger’s family office.

  • Sambla Group, LVS Brokers, and Salus Group

In February, the Sambla Group signed agreements to acquire two Finnish online loan comparison platforms LVS Brokers and Salus Group. The acquisition was aimed at establishing a stronger position in the Nordics and driving industry development by helping more customers improve their loans and mortgages.

  • +Simple closes three acquisitions

In March, +Simple acquired two independent brokers: France-based Alians and Germany’s Carl Rieck Assecuradeur. Additionally, it purchased Matintec, an underwriting agency in Italy. +Simple hoped that the new additions would help it expand its distribution capabilities.

  • GoHenry and Pixpay

GoHenry, the prepaid debit card and financial education app for kids acquired French FinTech Pixpay, with an aim to expand into Europe. Despite the acquisition, GoHenry and Pixpay continued to operate under their own brands with no change in leadership, headquarters, or headcount.

  • Verso Wealth Management and Campbell Thomson

In August, Verso Wealth Management announced its acquisition of Campbell Thomson Insurance Services Limited. This acquisition brought its total assets under management to over £1 billion. It became the fifth acquisition by the Verso platform and the first based in Scotland, as it looked to expand its UK outreach.

  • Carta and Capdesk

In September, US FinTech unicorn Carta acquired UK counterpart Capdesk for an undisclosed sum. Both Carta and Capdesk allow founders of high-growth companies to manage their cap tables as they scale.

  • Stubben Edge and Finpoint 

In October, Stubben Edge acquired credit brokering intermediary Finpoint to broaden its financial services offering. The deal came after the approval by the Financial Conduct Authority (FCA). It expanded the UK FinTech and allowed it to provide help to brokers and IFAs. Stubben Edge aimed to help them build a comprehensive proposition across insurance, loans, and cash for SMEs.

  • Visma and OutSmart

In the same month, European cloud software provider Visma acquired SaaS scale-up OutSmart, a provider of field service management software for SMEs. OutSmart is based in the Netherlands and operates in Belgium, Germany, and Portugal. Joining Visma would allow OutSmart to accelerate its growth ambitions.

With an aim to boost its presence in Italy, French payments giant Worldline acquired Banco Desio’s merchant acquiring activities for around €100 million in November. Banco Desio’s merchant acquiring portfolio delivers payment solutions to around 15,000 companies, generating about 40 million transactions per year. Worldline said the deal is expected to close in the first quarter of 2023 and would bring in extra revenue of around €15 million within the first year.

Global investment firm EQT Private Equity completed its acquisition of B2B payments company Billtrust. The transaction was announced on September 28 and was approved by shareholders on December 13, 2022. The all-cash transaction valued Billtrust’s equity at about $1.7 billion and came a year after the company began trading on Nasdaq. Under the terms, Billtrust shareholders received $9.50 per share in cash.

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

Previous Article

January 09, 2023

IFIN and Bank Nizwa partner to provide instant Islamic goods financing

Read More
Next Article

January 10, 2023

FlexxPay and ADCB to provide payroll services to companies in the UAE

Read More








IBSi Daily News Analysis

digital wallets

March 01, 2024

Billtrust

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Hecto Financial eases cross-border transactions with new solution

Read More

Today

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

Today

Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023