The Weekly Wrap: all you need to know by Friday COB | July 25th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

SS&C Technologies Holdings, Inc. a investment and financial services software and solutions, has acquired Calastone, a technology solutions provider to the wealth and asset management sector. The transaction, valued at approximately $1.03 billion, is subject to customary regulatory approvals and is anticipated to close in the fourth quarter of 2025.

This milestone marks a pivotal step in Calastone’s growth journey and reflects the enduring strength of its global network, market-leading technology, and trusted client partnerships developed over the past 17 years. Following completion, Calastone will become part of SS&C’s Global Investor & Distribution Solutions division, bringing together complementary capabilities to accelerate digital transformation and deliver greater scale, innovation, and efficiency across the wealth and asset management value chain.

Founded in 2007, Calastone operates the largest transaction network for investment funds worldwide, connecting more than 4,500 financial organisations across 57 markets. Its pioneering technology and infrastructure have redefined how firms automate and scale fund operations, driving significant efficiency gains across trading, settlement, and distribution processes.

Deals of the week

• Perfios.ai launches GenAI platform for BFSI
• Tuum powers Solidgate Treasury to simplify cross-border payments
• april raises $38m to make tax filing faster and easier
• Yetipay raises $4.1m to expand smart payments in hospitality
• PayU India secures $35.1m to boost digital payments push
• Two raises $15.2m to expand B2B payments in US and Europe
• Spiko raises $22m to modernise cash management in Europe
• Viva Finance secures $220m to expand affordable lending
• Lloyds to acquire Curve in $161.2m digital wallet deal
• Proxymity raises $36m Series C, lead by Mitsubishi UFJ Trust

Be on the lookout for

The “Building a Future-Ready Bank” summit, scheduled for August 7, 2025, in Singapore, is a flagship event by Cedar-IBSi aimed at accelerating the transformation of the banking sector. This high-level gathering will bring together senior banking executives, FinTech leaders, and technology innovators to explore how banks can evolve into agile, customer-centric, and digitally empowered institutions.