4 FinTech acquisitions occurred in the Americas in November 2022

By Edlyn Cardoza

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

Here are 4 FinTech acquisitions announced in the Americas in November 2022:

• Bakkt and Apex Crypto 

Bakkt Holdings, Inc., a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, has signed a definitive agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. This acquisition is expected to significantly bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals, including FinTechs, trading app platforms, and neo-banks.

Apex Crypto is a turnkey platform for integrated crypto trading, developed to meet the increasing needs of more than 30 FinTech firms and their customers across a rapidly expanding sector. Apex Crypto supports clients with a robust solution for execution, clearing, custody, cost basis, and tax services, facilitating the delivery of frictionless crypto investing in more than 30 tokens.

• BILL and Finmark

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

Hundreds of businesses trust the financial automation software’s solutions to manage financial workflows, including payables, receivables and spend and expense management. With BILL, businesses are connected to a network of millions of members, so they can pay or get paid faster. Through their automated solutions, the company helps SMBs simplify and control their finances, so they can confidently manage their businesses and succeed on their terms.

• Fortis and Payment Logistics

Fortis, one of the leaders in embedded payments for software providers, announced 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 not only brings dozens of embedded payments 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 created partnerships with leading developers, software providers, and value-added resellers (VARs) to overcome payment integration challenges and deliver strategies that maximise the 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 and MerchantE

Opn, the one-stop payments solutions company 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 payment solutions provider in this significant market.

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