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TransactionWatch – Week of February 14th – February 18th

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Another very active week in M&A as releases of deal announcements continue to sweep across the payments industry. To start, FIS has announced their acquisition of Payrix, which aims to further enhance the company’s offering of embedded payments for ISVs serving eCommerce SMBs. FIS plans to utilize Payrix’s automated underwriting and onboarding capabilities to scale out their eCommerce solutions and improve their development of payment facilitation services for their ISV clients. Separately, DNA Payments is continuing their acquisition streak with their deal to acquire First Payment Merchant Services, an ISO that serves more than 10,000 merchants across the U.K. and handles approximately 400 million transactions per year. This acquisition marks DNA Payments’ third deal this year, and their seventh overall.

In other M&A news, BillTrust announced this week their deal to acquire Order2Cash, a B2B platform provider. This acquisition follows BillTrust’s recent deal with iController back in October of 2021, which offers a complementary product suite to Order2Cash. These acquisitions are allowing BillTrust to further expand into the European market while also enhancing their Business Payments Network. Lastly, the money transfer services, MoneyGram, has been taken private in a $1.8 billion all-cash deal with the private equity firm Madison Dearborn Partners. The purchase price represented a premium of approximately 50% of MoneyGram’s closing stock price in mid-December.