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Temenos to Acquire Kony: So What?

Gonzobanker

Geneva-based Temenos’ announced the acquisition of Austin, Texas-based digital application provider Kony in a deal totaling $580 million. Still to be sorted out are overlaps between Infinity and Kony’s UI/UX assets. This deal looks good for Temenos, Kony and the banking industry clients of both firms.

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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

HQ: Austin, Texas. Alt-lending. HQ: Austin, Texas. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Latest round: $13 million Series B. Total raised: Unknown. Source: Crunchbase. Lease-to-own financing platform. Latest round: $12.5 Total raised: $12.5 HQ: New York City. Source: Crunchbase.

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Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

HQ: Austin, Texas. Tags: Consumer, SMB, loans, credit, lending, underwriting. Financing for renewable energy and conservation projects. Latest round: $70 million Series D. Total raised: $102.2 HQ: Oakland, California. Source: Crunchbase. Maestro Health. Employee benefits and health insurance services. Latest round: $53 million.

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