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August 28, 2021TransactionWatch

TransactionWatch – Week of August 23rd – August 27th

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Paysafe remains active on the M&A front as they announce their second acquisition in the past two weeks. Over this past weekend, Paysafe disclosed their acquisition of viafintech, a German-based neobank and payments provider, in an all-cash transaction. This deal is designed to enhance Paysafe’s position in the DACH region, while also enabling the company to cross-sell viafintech’s banking and payment solutions across their existing customer base. This transaction follows Paysafe’s recent Latin American acquisitions of SafetyPay and PagoEfectivo, which are aimed to boost Paysafe’s product offerings of eCash and payment acceptance solutions across international markets.

In other M&A news, NCR announced this week their acquisition of Foremost Business Systems for an undisclosed sum. Foremost is a provider of Point of Sale (POS) and technology solutions for the restaurant market. This transaction further expands NCR’s marketability and reach across Minnesota and Western Wisconsin. Separately, LexisNexis Risk Solutions has acquired TruNarrative, a financial fraud prevention platform based in the U.K. This deal propels LexisNexis’ risk assessment capabilities that allow financial institutions to maintain regulation compliance and risk adverse monitoring obligations.

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