BusinessWire - FinTecBuzz

SoFi Secures $3.2B Loan Platform Expansion with Fortress, Edge

BusinessWireApril 21, 20253 min

SoFi Technologies, Inc. (NASDAQ: SOFI) announced a $2 billion extension of its Loan Platform Business agreement for personal loans with funds managed by affiliates of Fortress Investment Group (“Fortress”). This extension builds on the original $2 billion Loan Platform Business agreement between SoFi and Fortress announced in October 2024. SoFi also signed a two-year agreement to originate an additional $1.2 billion in loans, with technology powered by a joint venture between Fortress and Edge Focus. The...

Compliance & Scoring

DataVisor Named Leader in Latest AML Solutions Report

BusinessWireApril 21, 20256 min

DataVisor, a stand-out provider of AI-powered fraud and financial crime prevention solutions, has been recognized as a Leader, the report’s highest designation, in the latest evaluation of The Forrester Wave™: Anti-Money-Laundering Solutions, Q2 2025 – with the highest scores possible in nine criteria. Forrester is a leading independent research and advisory firm that provides objective insights to help organizations make informed technology decisions. The Forrester Wave™ is one of the industryʼs most rigorous and respected evaluation frameworks,...

Payments

Shift4 Extends Tender Offer to Acquire Global Blue

BusinessWireApril 21, 20254 min

Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), announced today that it is extending its previously announced all-cash tender offer through its indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company (“Merger Sub”), to purchase all of the outstanding shares of Global Blue Group Holding AG (“Global Blue”) (NYSE: GB) pursuant to the previously announced transaction agreement, dated as of February 16, 2025 between Global Blue and Shift4, and, from and after its...

Payments

Global Payments to Acquire Worldpay, Divest Issuer Solutions

BusinessWireApril 18, 202514 min

Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, announced definitive agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net purchase price of $22.7 billion, or total value of $24.25 billion including $1.55 billion of anticipated tax assets. This reflects a 12.3x adjusted EBITDA multiple for Issuer Solutions and an 8.5x adjusted EBITDA multiple for Worldpay on...

Platforms

CIBC Leads Syndicated Debt Facility for Vena Solutions

BusinessWireApril 17, 20253 min

CIBC Innovation Banking announced today that it acted as Lead Arranger and Administrative Agent of credit facilities for Vena Solutions (“Vena”), an industry-leading Financial Planning and Analysis (FP&A) platform purpose-built to leverage the full power of the Microsoft technology ecosystem. The funding will provide Vena with the flexibility to pursue new channels for growth on its mission to help organizations and their finance teams drive long-term, sustainable growth. Existing investors include Vista Equity Partners, JMI...

Investments

Zocks Partners with Practifi to Boost Wealth Management Workflows

BusinessWireApril 17, 20255 min

New Integration Enables Seamless Data Flow Between Platforms, Helping Advisors Deepen Client Relationships Through AI-Powered Insights

Banking

CCBank Selects Tyfone For Digital Transformation

BusinessWireApril 17, 20254 min

Bank selects nFinia to enhance omnichannel and small business experience

Direct Lending

Candidly and Fiducius Partner to Enhance Fintech College Tools

BusinessWireApril 17, 20254 min

Candidly, the market’s leading AI-driven student debt and savings optimization platform has partnered with Fiducius, a top provider of financial wellness benefits. Through this collaboration, Fiducius will enhance its employee benefits platform by integrating select Candidly tools for college savings and private student lending. This new relationship will enable Candidly to expand the impact of its solutions for planning and paying for college and, in turn, allow Fiducius to reach new employee populations. With the addition...

Platforms

Kinective Acquires Datava to Enhance Banking Platform with Data

BusinessWireApril 17, 20256 min

The acquisition creates industry’s most comprehensive technology platform, unifying banking operations, digital connectivity and branch automation with actionable data intelligence capabilities

Direct Lending

First Commonwealth Expands Loan Access with Upstart Partnership

BusinessWireApril 17, 20253 min

First Commonwealth Federal Credit Union has partnered with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to expand access to personal loans and better serve its growing membership across Pennsylvania and New Jersey. “At First Commonwealth, we’re committed to financial empowerment for all,” said Terry Grier, Chief Lending Officer at First Commonwealth Federal Credit Union. “By partnering with Upstart, we can leverage AI-powered credit decisioning to lend more inclusively—helping more low- and moderate-income...

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