Click here to read TransactionWatch | Subscribe to TransactionWatch

This Week’s M&A Overview

M&A activity within the payments ecosystem is showing signs of improvement as several new deals were announced this past week. As the global economy continues to recover, the progression of deals moving forward will likely endure as economic optimism improves and market opportunities become more actionable. COVID-19 has evidently changed consumer spending habits which has created several opportunities for emerging digital payment technologies and market expansion. An example of this was Square’s acquisition of Verse announced this week. This acquisition complements Square’s peer-to-peer payment service, Cash App, as they share many similarities, however, Verse primarily focuses in the European market. The details of this deal were not disclosed, although it is suspected that it was between $33 – $56 million.

In addition, this week also consisted of Planet’s acquisition of 3C Payments which will further grow Eurazeo Capital’s portfolio of payment companies. The combined payments firm will process 800 million transactions annually from 600,000 merchants globally.
The post TransactionWatch – Week of June 15th – June 19th appeared first on The Strawhecker Group.

Leave a Reply

Your email address will not be published.