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Exclusive: Fiserv, Amadeus vie to acquire Shift4 Payments, sources say

Reuters · 1y ago

Exclusive: Fiserv, Amadeus vie to acquire Shift4 Payments, sources say

Financial technology firm Shift4 Payment is reportedly in talks with potential buyers, including Fiserv and Amadeus. Both companies are preparing to submit final offers in the coming weeks, though a deal is not guaranteed. Shift4 collects fees from clients such as restaurants and hotels for facilitating their payments and processes over $200 billion worth of transactions annually. The company has seen growth during the pandemic as customers turned to digital payments, but faces increased competition and inflation. Shift4 reported strong earnings for Q4 2021 and projected a positive outlook for 2024.

Related News

IntrCity Secures Rs. 37 Crore In Its Series C Round Led by Mirabilis Investment Trust

OutlookIndia

OutlookIndia · 1y ago

IntrCity Secures Rs. 37 Crore In Its Series C Round Led by Mirabilis Investment Trust

Fiserv, a payments and financial services technology company, has named Murali Nair as the general manager of India and South Asia. Nair will be responsible for overseeing the Fiserv client franchise in these regions, focusing on delivering innovative banking and payment solutions to financial institutions, merchants, and consumers. With over 30 years of experience in the financial services industry, Nair has held leadership positions at CRED, Zeta, Visa, Mastercard, Citibank, Deutsche Bank, and Barclays Bank. Fiserv is a major player in India's fintech sector, providing banking, digital, and payment solutions to financial institutions and fintech companies.

Exclusive: Permira weighs taking private IT group Exclusive Networks, sources say

Reuters · 1y ago

Exclusive: Permira weighs taking private IT group Exclusive Networks, sources say

The largest shareholder in Exclusive Networks, Permira, is considering taking the French cyber security specialist private, according to anonymous sources. Permira has been exploring the possibility of partnering with other investors to jointly bid for the outstanding shares of the company, which is valued at €1.65 billion ($1.8 billion). However, these discussions are still in the early stages, and Permira may decide against pursuing a deal. Exclusive Networks has declined to comment on the matter.

Exclusive: MedGenome, Neuberg eye controlling stake in diagnostic chain

VCCircle

VCCircle · 1y ago

Exclusive: MedGenome, Neuberg eye controlling stake in diagnostic chain

MedGenome and Neuberg Diagnostics are competing to acquire a controlling stake in a diagnostic lab chain that offers preventive health check-up services. Both companies, backed by Peak XV Partners, are among the potential suitors for NM, according to sources.

Paytm partners with travel tech firm Amadeus to offer ticket booking, payment options

Economic Times

Economic Times · 2y ago

Paytm partners with travel tech firm Amadeus to offer ticket booking, payment options

Paytm has partnered with travel technology firm Amadeus to offer ticket booking and payment options. This collaboration will enable Paytm users to book domestic and international flight tickets, hotels, and bus tickets through the Paytm app. They will also be able to make payments using various payment options including Paytm Wallet, Paytm UPI, and net banking.

Exclusive: Google parent Alphabet weighs offer for HubSpot, sources say

Reuters · 1y ago

Exclusive: Google parent Alphabet weighs offer for HubSpot, sources say

Google parent company Alphabet is reportedly considering making an offer to acquire online marketing software company HubSpot. The potential deal, which would be a rare example of a major technology company attempting a mega deal, comes as Alphabet looks to deploy some of its $110.9 billion cash pile. Advisors for Alphabet have been discussing the offer and potential regulatory implications. However, no offer has been submitted yet, and there is no certainty that a deal will materialize. HubSpot, which provides marketing software to companies, generated $2.2 billion in revenue in 2023.

Exclusive: Fisker spent months trying to track down millions of dollars in customer payments

TechCrunch · 1y ago

Exclusive: Fisker spent months trying to track down millions of dollars in customer payments

EV startup Fisker experienced a payment crisis as it struggled to keep track of customer payments, according to sources. The company reportedly lost track of millions of dollars in customer payments due to lax internal procedures for managing them. Fisker eventually traced most of the payments or requested new ones from customers. The payment disarray caused distractions for the sales team at a critical time when the company was restructuring. Furthermore, the company's poor internal procedures also affected other areas such as making required payments to state DMVs and handling paperwork for registrations and titles.

Exclusive: Stakeboat Capital set to invest in botanical extracts maker

VCCircle

VCCircle · 12m ago

Exclusive: Stakeboat Capital set to invest in botanical extracts maker

Stakeboat Capital, a mid-market private equity firm, is poised to acquire a minority stake in a company specializing in botanical extracts, according to insider sources. Known for investing in sectors like healthcare, life sciences, and manufacturing, Stakeboat Capital is diversifying its portfolio with this deal. The investment aligns with the firm’s strategy of entering new asset classes while leveraging its expertise in related industries. Specific financial terms and company details are yet to be disclosed.

Exclusive: Panacea Biotec to acquire Power Gummies

Entrackr

Entrackr · 4m ago

Exclusive: Panacea Biotec to acquire Power Gummies

Exclusive: Panacea Biotec to acquire Power Gummies Pharma major Panacea Biotec Pharma Limited is set to acquire nutraceutical brand Power Gummies, according to sources aware of the matter. “The transaction is close to being finalized. Panacea Biotec will acquire the entire stake in Power Gummies, including its patents and trademarks,” said one of the sources. Regulatory filings reviewed by Entrackr show that the company is divesting certain assets to Panacea Biotec Pharma Limited, with the proceeds earmarked primarily for debt repayment. Founded in 2018, Power Gummies has positioned itself as a health and wellness brand tailored for modern lifestyles. It claims to offer unique formulations validated by WHO-standard clinical trials, backed by strong R&D and sustainable manufacturing practices. The company’s portfolio spans across categories including hair, skin, sleep, immunity, stamina, and gut health. As per sources, the deal is in the last leg and all terms and conditions have been finalised. Responding to Entrackr’s queries, Power Gummies’ founder and CEO Divij Bajaj said, “As part of the business strategic realignment process, we continuously review our portfolio. In line with this strategy, we may divest brands to a reputed pharmaceutical company to continue to build Happiness for our customers. As of now as we are still evaluating.” Queries sent to Panacea Biotec did not elicit a response until publication of the story. According to the startup data intelligence platform TheKredible, Power Gummies has raised around Rs 76.6 crore ($9 million), including its $6 million Series A funding led by 9Unicorns (now 100Unicorns). The company also raised Rs 10 crore from Jaipuria Family Office and Quadrant in December last year. For the fiscal year ending in March 2024, Power Gummies reported an operating revenue of Rs 17.4 crore against Rs 21.1 crore in FY23. Its net loss widened to Rs 21 crore from Rs 19.1 crore year-on-year. Panacea Biotec, which offloaded its domestic formulations business to Mankind Pharma in 2022 for about Rs 1,900 crore, is now eyeing growth through acquisitions. Its planned takeover of Power Gummies signals a pivot towards the nutraceutical and lifestyle wellness space, expanding beyond its traditional pharma and vaccine portfolio.

The Fiserv-Mastercard Strategy in Agentic Commerce and Agentic Payments

Startuphub.ai · 5d ago

The Fiserv-Mastercard Strategy in Agentic Commerce and Agentic Payments

Fiserv and Mastercard have strengthened their collaboration to advance agentic commerce, adopting Mastercard's Agent Pay Acceptance Framework. This integration aims to pave the way for AI-driven transactions, leveraging network tokens for secure payments, and enabling AI agents to transact autonomously. The initiative reflects an industry shift towards a machine-to-machine economy, with entities like Visa also introducing protocols to avoid fraud. Together with startups and consortia, they are shaping standards for secure digital commerce.

Exclusive: CashFlo all set to acquire LogiTax to foray into enterprize biz

Entrackr

Entrackr · 1y ago

Exclusive: CashFlo all set to acquire LogiTax to foray into enterprize biz

Finance automation and payments platform CashFlo is all set to acquire tax compliance management solution provider LogiTax, sources aware of the development told Entrackr. As per sources, the deal will help CashFlo to foray into enterprize business. Founded in 2018 by Ankur Bhageria and Dushyant Agarwal, CashFlo helps vendors to access short-term capital while it enables corporates to optimize working capital flow and increase topline by managing their supply chain’s finances efficiently. In September 2022, CashFlo raised nearly $9 million led by General Catalyst with participation from existing investor, Elevation Capital. So far, the Mumbai-based firm has raised over $12 million. Pune-based LogiTax is an end-to-end tax compliance management solution which helps in managing GST filing to auto-validating invoicing data to generate e-invoices and keeping data audit-ready. Its product suite is available for ERP partners, SMEs and corporates. Founded by Aditya Kulkarni, LogiTax is a bootstrapped firm launched in 2017. It competes with Clear (formerly Cleartax), Treflo, myGSTcafe, myBillBook and Vyapar. Sources also added that the term sheet has been signed and the official announcement may happen soon. Post acquisition, Kulkarni will lead the enterprize business of CashFlo. Queries sent to CashFlo and LogiTax did not elicit any response. We’ll update the post in case they do. CashFlo was chasing growth at a high cost and this could be evident from its financial performance in FY23. As per startup data intelligence platform TheKredible, the firm registered a two fold jump in its operating revenue to Rs 4.73 crore in FY23 while its losses stood at Rs 21.52 crore during the same period. On the other side, LogiTax recorded Rs 2.12 crore revenue and Rs 12.34 lakh losses in FY23. Both companies are yet to file their FY24 numbers.

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