Neonomics Acquires Ordo, Boosting FinTech Expansion
Deal News | Jan 27, 2025 | EIN
As 2025 begins, the FinTech sector in Europe is witnessing a significant surge in mergers and acquisitions, highlighting a strategic push towards growth and technological integration. The article details five key acquisitions that showcase Europe's dynamic FinTech landscape. Neonomics, a player in open banking, has acquired UK-based Ordo to expand its payment and data services. This move enhances Neonomics' capabilities, given Ordo's leadership in open banking payments. Another notable acquisition involves myPOS, which has taken over the French cash register firm Toporder, a strategic move to strengthen myPOS' influence in France’s retail sector. Ebury, a global FinTech entity, announces its acquisition of ArcaPay, aiming to solidify its presence in the Baltics and augment its international payment solutions. ClearScore Group has acquired Aro Finance, introducing a B2B2C channel and expanding its offerings beyond consumer services. Lastly, Qualco Group's acquisition of a majority stake in D.D. SYNERGY enhances its SAP solution capabilities, ensuring a more comprehensive service provision. These acquisitions are a reflection of the sector's focus on technological advancement, market reach, and competitive differentiation.
Sectors
- Financial Technology (FinTech)
- Mergers and Acquisitions (M&A)
Geography
- Europe – Europe is the primary geographical focus of the article, highlighting significant FinTech acquisitions in various European countries.
- United Kingdom – The UK is a key location in the article, involved in high-profile acquisitions such as Neonomics acquiring Ordo, a UK-based firm.
- France – France is noted due to myPOS's acquisition of the French company Toporder, indicating strategic market expansion.
- Baltics – The Baltics are highlighted with Ebury's acquisition of ArcaPay, strengthening its presence in this region.
Industry
- Financial Technology (FinTech) – This sector is central to the article as it discusses major acquisitions in the FinTech space, with companies looking to expand services and integrate technologies to meet digital financial needs.
- Mergers and Acquisitions (M&A) – The core of the article revolves around several M&A transactions in the FinTech industry, detailing strategic acquisitions that shape the market.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neonomics Group | Acquirer | Company | A company expanding its payment and data service offerings through the acquisition of Ordo. |
| Ordo | Target | Company | A UK-based open banking payments and data service provider acquired by Neonomics. |
| myPOS | Acquirer | Company | A FinTech company acquiring Toporder to expand its presence in the French market. |
| Toporder | Target | Company | A French cash register company acquired by myPOS. |
| Ebury | Acquirer | Company | A global FinTech firm acquiring ArcaPay to expand in the Baltics. |
| ArcaPay | Target | Company | A Lithuania-based B2B cross-border payment solutions provider acquired by Ebury. |
| ClearScore Group | Acquirer | Company | A company expanding its services through the acquisition of Aro Finance. |
| Aro Finance | Target | Company | A Manchester-based FinTech company acquired by ClearScore Group. |
| Qualco Group | Acquirer | Company | A company enhancing SAP solution capabilities by acquiring a stake in D.D. SYNERGY. |
| D.D. SYNERGY | Target | Company | A reseller of SAP solutions, acquired by Qualco Group. |