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SoFi To Buy Galileo Financial Technologies In $1.2B Deal

PYMNTS

In a deal valued at over a $1 billion, SoFi said it has inked a definitive deal to buy Galileo Financial Technologies. The online personal finance firm will pay total purchase consideration of $1.2 At the time, the company said it would use the funds to back growth and add power to its balance sheet.

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How FinTechs Help Companies Optimize Their Payments Acceptance Costs

PYMNTS

FinTechs are helping companies understand and optimize their total cost of payments acceptance through technology. Big online eCommerce, gig economy or other merchants “tend to have a lot of different payment services that they use,” he told PYMNTS in an interview.

Company 209
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Equifax Buys Commercial Credit Data Company Ansonia

PYMNTS

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. Its global database completes updates to 25 million accounts daily, worth more than $700 billion in trade accounts receivable data, the company said. The price was not disclosed.

Data 167
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Visa buys stake in Swedish financial technology company Klarna

Payments Source

is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets.

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Robinhood Acquired This Company For Its Shareholder Communications Platform

CB Insights

Robinhood , a financial services company, has acquired Say Technologies , a shareholder communication platform, for $140M. Say Technologies: California-based Say is a technological platform that gives shareholders access to their full ownership stake. The company has more than 50 employees.

Company 101
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Fintech Launches SaveBetter, an Online Savings Marketplace

BankDeals

The German financial technology company Deposit Solutions launched an online savings marketplace in the US late last year called SaveBetter.com.

Online 59
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SoftBank Reportedly Tapping Into Online Used Car Trend

PYMNTS

Among the ongoing trends in retail is the funding for online used car platforms, and the ongoing rise of eCommerce and digital payments in Latin America. The company – whose name means “Buy My Car” in the country’s official language – was founded in 2017, and last year raised $3.7 Used Vehicle Trends. million in a previous round.

Trends 115