Payments firm ‘for sale’ signs pop up as buying interest swells
Summary
Also, vending payments software firm Cantaloupe is reportedly pursuing such a review, according to the news outlet Reuters, which cited unnamed sources. Another deal was announced Thursday, with New York-based Bilt Rewards, led by CEO Ankur Jain, saying it would buy merchant data firm Banyan. When there was more capital available, a variety of payments businesses sprung up and competition ensued, but now more of those companies are seeing the sense of merging and being able to pitch broader offerings, Papaya Global CEO Eynat Guez said in an interview earlier this month. As far as fintech predictions for 2025: “The data paints a picture of steady early-stage investment activity, a modest return of late-stage fundraising, a definitive swell of M&A activity, and an IPO market poised for action,” FT Partners wrote this month in its “FinTech Sets its Sights on 2025” report. Likewise, Global Payments Chief Financial Officer Josh Whipple told investors at the Wolfe conference Wednesday that the processor has budgeted for some smaller acquisitions this year.