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TransactionWatch – Week of February 28th – March 4th

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Shift4 accelerates their global expansion efforts and broadens their product capabilities with the announcement of two sizeable acquisitions collectively totaling $875 million in enterprise value. This past week Shift4 disclosed their deals to acquire Finaro, a cross-border eCommerce payment platform, as well as The Giving Block, a cryptocurrency marketplace platform for non-profits. Shift4’s acquisition of Finaro allows them to utilize its global payment infrastructure to broaden their unified commerce platforms, both for their SkyTab POS solution as well as their Shift4Shop and VenueNext offerings. Shift4’s acquisition of Finaro has an upfront consideration of $525 million in value with up to $50 million in earnout. Moreover, Shift4’s acquisition of The Giving Block provides further growth in the non-profit sector and allows for cross-selling opportunities for both crypto and card-based payments. This agreement has an upfront consideration of $54 million with a potential earnout of up to $246 million.

In other M&A news, the Australian-based BNPL provider, Zip, announced their definitive agreement to acquire the competing provider Sezzle for an implied value of approximately $356 million. This deal largely positions Zip to accelerate their global growth initiatives, particularly within the North American region. Zip anticipates the closing of this deal to take place by the end of Q3 2022.