UK > US based CME Group is set to acquire UK based NEX Group plc.

CME Group logo In a transaction valued at £10 per share($14.1), consisting of 500 pence in cash and 0.0444 CME Group shares, USA based CME Group is set to acquire UK based NEX Group plc. Unanimously approved by the board of directors of both the companies, the transaction is expected to close in the second half of 2018 and is subject to pending approvals by More …

CHINA > Singapore based United Overseas Bank (UOB) is set to open new headquarters in Shanghai, China

UOB To reaffirm its commitment to the Chinese market, United Overseas Bank opened its new headquarters building in Shanghai being the first office building owned by a foreign bank in the Lujiazui Financial District. The UOB Plaza is in the Lujiazui Financial District – China’s largest financial hub that drives Shanghai’s development as an international financial center. According to UOB’s deputy More …

USA > US based Poynt is set to raise $100 million Series C from Australia based National Australia Bank and US based Elavon

Poynt logo To be mainly used for expanding into new markets across Asia, Europe and South America, grow its talent base, and invest in product and partner development as it executes its vision to become the operating system (OS) on smart payment terminals worldwide, USA based Poynt is set to raise $100 million Series C raise from Australia based National Australia Bank More …

SINGAPORE > Thailand based Kasikornbank is set to invest $50 million in Singapore based ride hailing company Grab

Kasikornbank logo Thailand based Kasikornbank is set to invest $50 million in Singapore based Grab. This makes Kasikornbank the largest investor in the Singapore technology startup’s ongoing fundraiser. Additionally, with the new investment Grab will also be able to launch its in- app GrabPay electronic wallet in Thailand. Launching in Thailand will be Grab’s sixth Southeast Asian market. Grab’s main competitors in More …

GREECE > The European Bank for Reconstruction and Development, APS Delta, Balbec Capital and the IFC will jointly invest 50 million euros ($57 million) in a portfolio of unsecured sour loans originated by Greece’s Piraeus Bank

EBRD logo According to European Bank for Reconstruction and Development (EBRD), EBRD, APS Delta, Balbec Capital and IFC will jointly invest $57 million in portfolio of unsecured sour loans originated by Greece’s Piraeus Bank Greece banks are struggling with highest ratio of non- performing exposures (NPEs) in Europe because of the seven year debt crisis. Piraeus Bank which is also Greece’s largest More …

INDIA > Hong Kong based Steadview Capital is set to invest an estimated $30 million on India based IndWealth, an artificial intelligence and machine learning-based wealth management and advisory platform

Steadview logo IndWealth which is an artificial intelligence and machine learning-based wealth management and advisory platform is founded by the famous Ashish Kashyap who founded the travel company Ibibo Group which was acquired by peer MakeMyTrip for an estimated $2 billion two years ago. IndWealth, which is still in stealth mode is his second entrepreneurial venture. IndWealth will offer a slew of services to More …

USA > UK based MUFG Securities EMEA plc. to invest $9.36 million in USA based Franklin Resources

MUFG logo UK based MUFG Securities EMEA plc. to invest $9.36 million in USA based Franklin Resources, Inc. to purchase 292,157 shares of the closed-end fund’s stock, valued at approximately $9,364,000. According to the most recent SEC filing, MUFG Securities EMEA plc. owns about 0.06% of Franklin Resources. About MUFG Securities EMEA plc. Founded in 1983, MUFG Securities EMEA plc. trades in More …

USA > UK based WorldFirst is set to acquire USA based Wyre’s retail money transfer business.

worldfirst logo For an undisclosed sum, UK based WorldFirst is set to acquire USA based Wyre’s retail cross border payments services. Wyre is concentrating on its API business and hence decided to divest its retail cross border payment services. The transaction has already been completed. Currently the transaction is in migration phase and WorldFirst’s acquisition will be a value add for the More …