Fintech

EML Payments shares jump after the fintech’s $170 million Eurovision acquisition

- April 7, 2021 < 1 MIN READ

Shares in Australian fintech EML Payments (ASX: EML) jumped 5.8% today on news that it would acquire Irish open-banking platform Sentenial for €70 million (A$108.6m), plus an earn-out component of up to €40 million (A$62.1m). Sentenial, and its Open Banking brand Nuapay, operate in Europe via more than 1,750 banks, processing €45 billion in payments… Read more »

Mergers & Acquisitions

Yellow Pages owner Sensis just sold for $260 million to a Nasdaq-listed US software supplier

- March 2, 2021 2 MIN READ

Australian marketing company Sensis, publisher of the Yellow and White Pages, has been sold for A$260 million to US Nasdaq-listed Thryv Holdings. Thryv is a supplier of small business software in the US and owner of the Yellow Pages brand in the states. The price represents a significant haircut for US private equity firm Platinum… Read more »

Mergers & Acquisitions

Canva buys two design startups after doubling its monthly users to 50 million in just 12 months

- February 23, 2021 2 MIN READ

Online design platform Canva is bolstering its capacity in the artificial intelligence (AI) and automation space with the acquisition of two European design startups. The Australian unicorn has bought Austrian AI platform Kaleido.ai, which built the popular background removal tool remove.bg and Unscreen, as well as Czech-based product mockup generator Smartmockups. The acquisition costs were not disclosed.… Read more »

Fintech

CBA’s x15ventures buys hospitality platform Doshii

- January 28, 2021 2 MIN READ

The Commonwealth Bank venture scaling entity, x15ventures, has made its fifth acquisition in the 12 months since launching, adding hospitality platform Doshii to its portfolio. The cloud-based startup connects food apps with a venue’s point of sale system. The acquisition was announced at CBA’s 2021 technology update at the bank’s new tech hub at South Eveleigh,… Read more »

News & Analysis

Shares in BNPLs Zip and Afterpay surge on acquisition news ahead of their FY20 results

- August 25, 2020 2 MIN READ

ASX-listed buy-now-pay-later stocks continue to be catnip for investors with shares in Afterpay and Zip Co. both soaring to fresh highs on Monday following performance updates ahead of both companies releasing their FY2020 results on Thursday. Afterpay (ASX: APT) shares rose 4.79% on Monday to close a new record of $82.73 after announcing plans to… Read more »