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Far Point Merges With Global Blue In $2.6B Deal

PYMNTS

Virginia-based FinTech firm Far Point closed a $2.6 billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue CEO Jacques Stern will remain, and Farley will become chairman.

Taxes 130
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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Best Fintech Acquisition by a Bank. Fintech Acquiring Bank.

Fintech 147
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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

An undisclosed amount of Series C funding will help ZP Group, based in Virginia, focus on strategic investments to grow its cybersecurity offering. With $8 million in Series B funding, Employment Hero plans to focus on expanding its leadership team. Singapore’s CardUp announced nearly $1.7 Employment Hero.

US 116
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Mozido’s fintech fraud fiasco. In January 2018, Outcome settled all pending lawsuits by the company’s investors on the condition that Shah and Agarwal step down from their leadership positions. Mozido’s fintech fraud fiasco. Zenefits skirts compliance regulations. Outcome Health fights for its life.

Fraud 78