NEC to acquire Swiss fintech firm Avaloq for $2.24 billion

Business / Corporate Oct 5, 2020

NEC to acquire Swiss fintech firm Avaloq for $2.24 billion

NEC Corp. said Monday it will acquire Swiss financial software vendor Avaloq Group AG for 2.05 billion Swiss francs (¥236 billion) by April to strengthen its global financial services reach. The information technology giant hopes to add Avaloq's leading digital banking solutions to its own ...

Intuit buys Credit Karma for $7.1 billion in cash and stock

Business Feb 25, 2020

Intuit buys Credit Karma for $7.1 billion in cash and stock

Intuit Inc., the software giant behind TurboTax, is buying personal finance website Credit Karma Inc. for about $7.1 billion in cash and stock. San Francisco-based Credit Karma has garnered more than 100 million users by offering free credit scores since it was founded in 2007. ...

Business / Corporate Dec 13, 2019

SoftBank-backed OneConnect sees valuation tumble in U.S. IPO

Ping An Insurance Co.'s OneConnect Financial Technology said Thursday it raised around $312 million in its U.S. initial public offering, valuing the company at around $3.7 billion. OneConnect sold 31.2 million American depositary shares (ADS) at $10 each. Earlier this month, it had aimed to ...

Investors pour record $735 million into Singapore fintech deals

Business Oct 15, 2019

Investors pour record $735 million into Singapore fintech deals

Investors poured a record $735 million into financial-technology ventures in Singapore in the first nine months of this year, according to research from Accenture PLC, which analyzed data from CB Insights, Pitchbook and Tracxn. That's up 69 percent from the same period a year earlier ...