Sources: Revolut scrapped plans to buy a US lender and will instead apply for a US banking license, betting Trump's lighter touch on approvals will be faster
UK-headquartered fintech had hoped to secure a banking charter through buying an American lender — Stephen Morris in Davos and Laith Al-Khalaf in London
The UK government plans to take a £25M stake in Octopus Energy's tech spin-off Kraken, last valued at $8.65B, in an effort to encourage Kraken to list in London
Dutch payments group Mollie agrees to acquire London-based fintech GoCardless for €1.5B, set to close in 2026; GoCardless was last valued at $2.1B in early 2022
Dutch payments group aims to create new European fintech — Dutch payments group Mollie has agreed to acquire …
Ariel Emanuel's new company MARI acquires NYC- and London-based theater ticketing app TodayTix from PE firm Great Hill; TodayTix sells ~10M tickets per year
Michael Paulson / New York Times :
DoorDash agrees to acquire UK food delivery company Deliveroo for £2.9B in cash; Deliveroo has struggled since its London IPO at a £7.6B valuation in March 2021
Takeover comes after UK company has struggled since going public four years ago — DoorDash has agreed …
Music creation startup Splice buys London-based orchestral sound studio Spitfire Audio, a source says for ~$50M; sources say Splice has $100M+ in annual revenue
Music samples group Splice agrees deal to acquire London-based Spitfire Audio for its library of orchestral sounds
Deliveroo, which listed in London with a £7.6B valuation in 2021, says it received a buyout proposal from DoorDash that would value the company at £2.7B
Financial Times :
Thoma Bravo closed a €1.8B fund for European software deals, after opening a London office in 2023; the US PE firm has deployed €14B in Europe since 2010
Financial Times :
London-based Zen Educate, an online marketplace that connects schools with teachers, raised a $37M Series B led by Round2 Capital and acquires Aquinas Education
Paul Sawers / TechCrunch :
ID management company Entrust acquires Onfido, a London-based provider of automated identity verification services, sources say for “well above” $400M
Entrust has entered into exclusive discussions to acquire Onfido. Alex Scroxton / ComputerWeekly.com : AI ID specialist Onfido in talks to be bought by Entrust Robert Scammell / UKTN : London ID scale...