A flurry of new acquisition announcements spring up this past week as activity picks up momentum across the payments industry. To start, Nets (which is now part of Nexi Group) has agreed to acquire the European-based POS provider orderbird for a reported value of approximately $150 million. Nets has been a long-term partner and shareholder in orderbird through their Concardis subsidiary company. With this acquisition, orderbird will further strengthen its integrated payments offering and accelerate their growth in new and existing countries. On a related note, Blaze Solutions has announced its acquisition of the Canadian-based POS provider Greenline for an undisclosed sum. This acquisition enables Blaze to expand into the Canadian market and become one of a few cannabis software providers that operate in both the U.S. and Canada.
In other M&A news, KeyBank announced this week their acquisition of GradFin, a fintech firm specializing in student loan debt. This acquisition supports KeyBank’s approach towards establishing key strategic relationships with various fintech providers across the industry. Separately, Checkout.com announced its intent to acquire the digital identity verification solution, ubble, for an undisclosed sum. This deal enhances Checkout.com’s product suite by enabling their clients and eCommerce merchant base to better manage their financial risk when accepting payments. This acquisition is expected to close later this year.