Latest news with #MoneyMoney
Yahoo
24-04-2025
- Business
- Yahoo
Fiserv to acquire Brazilian fintech Money Money
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Payments processing giant Fiserv has entered into an agreement to acquire Brazilian financial technology company Money Money, Fiserv said Wednesday. The move is expected to bolster Fiserv's point-of-sale unit, Clover, in providing financing to small businesses in the South American country, a news release said. Money Money's 'technology and expertise complement Clover's strategy of supporting the development of Brazilian (small and medium-sized businesses) in their payment, management, and cash flow needs,' the release said. Milwaukee-based Fiserv expects to close the acquisition in the second quarter of this year. The disclosure of the Money Money deal follows Fiserv's December announcement regarding the launch of Clover in Brazil. "This brings the total number of Clover countries to 13," Fiserv President Michael Lyons said during an earnings call Thursday. "We are particularly excited about the Brazil opportunity, given our size, scale and momentum in the country,' said Lyons, who is also the company's incoming CEO. A Fiserv spokesperson declined to say how much the company will pay to acquire Money Money. The Brazilian company provides capital and other financial services to small businesses, Fiserv said. Clover's capital services and those of Money Money will be integrated as part of the development of the offering for clients in Brazil, the release said. The aim is to pitch those services, including risk analysis technology, in personalized offers at competitive rates. Businesses that receive financing through Clover's financing arm, called Clover Capital, will be offered a range of payment plans, according to the release, which did not provide details. 'By adding this service to our portfolio, we take an important step to boost the growth of our acquiring clients, facilitating their access to the necessary resources to invest in improvements and processes,' Fiserv's general manager for Brazil, Jorge Valdivia, said in the news release. The deal will build off Fiserv's past success in countries like Brazil, analysts said. Clover launched in Brazil in December and entered Australia in March. Purchasing Money Money is the latest in a number of acquisitions the company has made in the past several years. Most recently Fiserv said it had acquired the Dutch payments solutions provider CCV. 'This appears to be a logical progression to build on the success of Clover Capital,' TD Cowen analyst Bryan Bergin said of the Money Money deal in a note to investors Wednesday. 'The acquisition appears small (likely adding about 0.1% to Fiserv's total revenue), but is an interesting addition to help accelerate Clover in Brazil,' Baird analyst David Koning wrote in a separate note to investors Wednesday. Koning estimated that Money Money generates $17 million in annual revenue and has financed 1,361 companies, citing publicly available data. Fiserv CEO Frank Bisignano has been nominated to lead the Social Security Administration. He testified in a confirmation hearing last month, but a Senate vote on his nomination has not yet been scheduled Recommended Reading Fiserv has ambitious goals for Clover. Can it meet them? Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Fiserv to take over Brazilian fintech Money Money
Fintech and payments company Fiserv has signed a definitive agreement to buy Brazilian fintech firm Money Money Servicos Financeiros. This acquisition is expected to extend Fiserv's offerings in the Brazilian market, supporting small and medium-sized businesses (SMBs). The acquisition is contingent on standard closing conditions including regulatory clearances, with completion anticipated in the second quarter of 2025. Money Money has developed a specialised financing engine that interfaces with the receivables registry system overseen by the Brazil Central Bank. This technology enables the provision of working capital and other financial solutions to SMBs, based on a detailed analysis of each business. The acquisition is intended to support Clover's strategy, which is aimed at aiding the growth of Brazilian businesses by addressing their payment processing, business management, and cash flow challenges. 'Clover Capital fuelled by Money Money will be integrated with the Clover platform,' Fiserv said in a statement. This will involve leveraging risk analysis technology alongside predictive analytics of client business performance to tailor financial offerings with 'competitive' terms. The service will offer advances to businesses, with repayment plans secured against future sales receivables. Launched in Brazil in December, Clover delivers a payment solution, cash flow support, and a suite of native applications. It also provides a marketplace featuring tools and systems from Fiserv's network of independent software vendors (ISVs). Fiserv Brazil general manager Jorge Valdivia said: "By adding this service to our portfolio, we take an important step to boost the growth of our acquiring clients, facilitating their access to the necessary resources to invest in improvements and processes. Our continued investment in the Brazilian market demonstrates our commitment to advance our clients' business objectives by expanding our local capabilities.' Earlier in the month, Fiserv acquired Pinch Payments, an Australian payment facilitator that operates the PayFac enablement platform "Glassbox" and serves a merchant base in Australia and New Zealand. "Fiserv to take over Brazilian fintech Money Money " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Fiserv to take over Brazilian fintech Money Money
Fintech and payments company Fiserv has signed a definitive agreement to buy Brazilian fintech firm Money Money Servicos Financeiros. This acquisition is expected to extend Fiserv's offerings in the Brazilian market, supporting small and medium-sized businesses (SMBs). The acquisition is contingent on standard closing conditions including regulatory clearances, with completion anticipated in the second quarter of 2025. Money Money has developed a specialised financing engine that interfaces with the receivables registry system overseen by the Brazil Central Bank. This technology enables the provision of working capital and other financial solutions to SMBs, based on a detailed analysis of each business. The acquisition is intended to support Clover's strategy, which is aimed at aiding the growth of Brazilian businesses by addressing their payment processing, business management, and cash flow challenges. 'Clover Capital fuelled by Money Money will be integrated with the Clover platform,' Fiserv said in a statement. This will involve leveraging risk analysis technology alongside predictive analytics of client business performance to tailor financial offerings with 'competitive' terms. The service will offer advances to businesses, with repayment plans secured against future sales receivables. Launched in Brazil in December, Clover delivers a payment solution, cash flow support, and a suite of native applications. It also provides a marketplace featuring tools and systems from Fiserv's network of independent software vendors (ISVs). Fiserv Brazil general manager Jorge Valdivia said: "By adding this service to our portfolio, we take an important step to boost the growth of our acquiring clients, facilitating their access to the necessary resources to invest in improvements and processes. Our continued investment in the Brazilian market demonstrates our commitment to advance our clients' business objectives by expanding our local capabilities.' Earlier in the month, Fiserv acquired Pinch Payments, an Australian payment facilitator that operates the PayFac enablement platform "Glassbox" and serves a merchant base in Australia and New Zealand. "Fiserv to take over Brazilian fintech Money Money " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
News18
23-04-2025
- Entertainment
- News18
Pahalgam Attack: Bollywood Stars Express Their Shock & Anger, Condemn The Cowardly Act I WATCH
Yo Yo Honey Singh Reveals A Hilarious Incident With Ajay Devgn At Raid 2 Song Launch I WATCH Florence Pugh, David Harbour & More Arrive In Style At 'Thunderbolts' London Premiere Ajay Devgan, Honey Singh, Manisha & More Light Up The Stage At Raid 2's 'Money Money' Song Launch trending news 'Saved Because I Could Recite The Kalima': Assam Professor's Terrifying Encounter With Terrorists In Pahalgam Zepto CEO Says His Work-Life Balance Tweet Was A 'Stupid Idea' Families of Pahalgam Attack Victims Break Down During Meeting With Amit Shah, Recount Ordeal | Video SRH vs MI Live Streaming, IPL 2025: When And Where To Watch Sunrisers Hyderabad Take On Mumbai Indians latest news
Time of India
23-04-2025
- Entertainment
- Time of India
Did you know Yo Yo Honey Singh composed 'Aata Majhi Satakli' from 'Singham Returns' in just 24 hours?
At the recent launch of the song Money Money from Ajay Devgn 's upcoming film ' Raid 2 ,' rapper and music producer Yo Yo Honey Singh shared an interesting anecdote about his hit track ' Aata Majhi Satakli ' from Singham Returns . He revealed that the chartbuster was composed in just 24 hours. Adding a humorous twist, he admitted that he arrived four hours late for the session. In conversation with Hindustan Times, Honey Singh shared, 'I want to thank Bhushan ji for this opportunity. He has always believed in me. I just have one complaint—he always calls me for a song at the last minute. You won't believe it, but I composed Ajay Sir's last song, 'Aata Majhi Satakli', from 'Singham Returns' in just 24 hours! Thankfully, for this song, we got more than 24 hours. Raj Kumar Gupta, Kumar Mangat Pathak, and Abhishek Pathak came to Delhi to meet me". Recalling an incident During the event, Honey Singh spoke about an incident from the time he worked on 'Aata Majhi Satakli'. He mentioned that he had arrived four hours late on set and had expected to be scolded. However, Ajay Devgn greeted him warmly, which left a lasting impression on him. Singh said that this gesture made him admire Ajay Devgn not just as an actor but also as a person. Reflecting on the experience, he shared that he made sure to be punctual on the sets of 'Raid 2' and has since corrected many of his past mistakes, learning valuable lessons about professionalism and longevity in the industry. Ajay as an IRS officer in 'Raid 2' Devgn returns as the relentless IRS officer in Raid 2, with Vaani Kapoor playing a key role alongside him. As the film's release approaches, excitement is mounting for the gripping clash between justice and corruption. The film is directed by Raj Kumar Gupta. 'Raid 2' is set to release theatrically on May 1, 2025. Raid 2 | Song - Money Money
