Leading financial services provider that enables local and cross-border payments
In this month’s M&A update, Euan Jones (Business Analyst, London) looked at the near-final $1.7bn acquisition of BillTrust. In contrast to 2022’s downturn in payment company valuations and investing activity, the BillTrust deal is another example that meaningful and notable acquisitions are still happening.
A mid-sized investment firm, operating out of the UK, identified an opportunity in the payments sector in Africa.
So much for a quiet summer. Whilst many of us enjoyed some relaxing time on the beaches during the hot months, it appears that the M&A department of Global Payments put in some extra hours at their desks.
When given the volume and simple nature of most B2C payments, you might think that the total value of these payments exceeds that of the more “behind the scenes” B2B payments.