Breaking News
Demica Reportedly Acquired by FIS
US Paytech giant FIS has reportedly acquired supply chain finance fintech Demica for $300 million.
The acquisition by FIS presents an opportunity to tap into one of the UK’s largest providers of supply chain finance and represents a successful exit for the consortium of private investors who took over the company in 2014.
Demica, who work with major organisations and banks and to fund working capital provision, has grown steadily in recent years with compound annual growth of assets on its platform of 40% and calls the likes of HSBC, Standard Chartered and Lloyds Banking Group as banking partners.
The potential acquisition of Demica by FIS, reinforces their commitment to ongoing expansion, including its recent acquisition of Bond. The acquisition by FIS could also elevate Demica’s business to unprecedented levels, enabling them to achieve dominance and scale not previously seen in the supply chain finance sector.
The supply chain finance market is estimated to be worth around US$1tn and this partnership with FIS will enable Demica to leverage its global resources and extensive customer base, could act as a catalyst for Demica to rapidly scale into a much larger share of the supply chain finance market.
Sky News says that news of FIS’ acquisition of Demica can be expected in the coming days.
- APIs to Always-On: Open Banking, Embedded Finance & AI Platform Engineering | FIS, HSBC Innovation Banking, BNY | The Fintech Show #159 Read more
- CFO StraTech 2025 | Dubai, UAE Read more
- Call for Speakers Competition Opens for 10th Edition of E-commerce Berlin Expo Read more
- How Lopay Is Redefining Payments for America’s Small Businesses Read more
- Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech Read more
Snappi: Greece’s First ECB-licensed Neobank Officially Launches
Snappi,the first Greek neobank licensed by the ECB is delighted to announce that it is now publicly available
ISX Financial EU PLC Secures Novel Technology Patent for Identity Verification Using Uninterrupted Video KYC
ISX Financial has announced the patent provides a novel and inventive alternative to current market place solutions for video KYC
Allica Bank Launches Limited-Time Rate Reduction for Asset Finance
Allica Bank has announced a limited-time 0.35% rate cut on asset finance for hard assets
Feedzai and Jack Henry Win Silver Medal for Joint AML and Fraud Transaction Monitoring Innovation
Datos Insights, the leading research and advisory partner to the banking, insurance, and securities industries, has recently recognized Feedzai and Jack Henry® (Nasdaq: JKHY) as the silver medal winner of the 2025 Impact Award for Best Joint AML and Fraud Transaction Monitoring Innovation.
Sovos Partners with Epicor to Deliver AI-Powered Tax Compliance for Manufacturing and Distribution Companies
Sovos, a leading provider of global tax compliance software, today announced a strategic partnership with Epicor, a global leader in industry-specific enterprise software solutions. This collaboration integrates Sovos' AI-powered tax compliance platform with Epicor Kinetic ERP, delivering automated, real-time tax management capabilities to manufacturing and distribution companies worldwide.
Extending the Reach of Zelle: Alacriti and Early Warning Join Forces
Alacriti, a leading provider of cloud-native money movement services for banks and credit unions, today announced a new partnership with Early Warning Services, LLC, the company behind Zelle®. Zelle will be embedded in Alacriti’s Orbipay Payments Hub, an all-in-one payments platform that provides financial institutions with all the tools, services, and technology infrastructure they need to quickly enable Zelle for consumers, small businesses, and commercial clients.
MANTL Partners with Taktile to Transform Credit Decisions for Community Banks and Credit Unions
MANTL,an Alkami solution team andleading provider of loan and depositaccount opening technology,today announced an integration withTaktile, anext-generation decision platform that helps teams automate and improve risk management strategies across the customer lifecycle. Together, the companies are enabling community banks and credit unions to fully automate credit underwriting and decision-making, giving institutions the speed, flexibility, and control they need to drive loan growth and operational efficiency.
APIs to Always-On: Open Banking, Embedded Finance & AI Platform Engineering | FIS, HSBC Innovation Banking, BNY | The Fintech Show #159
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
CFO StraTech 2025 | Dubai, UAE
NetNex Global is set to host the 25th edition of CFO StraTech 2025 in Dubai, bringing together the region’s most influential finance leaders, strategists, and innovators. This milestone edition will convene under the theme:
Call for Speakers Competition Opens for 10th Edition of E-commerce Berlin Expo
Winners of the 10th Call for Speakers competition will get the chance to take the stage at the E-commerce Berlin Expo on February 17–18th, 2026, and showcase their expertise to thousands of online retail professionals from Germany and beyond. Contestants can apply in 9 different categories, which include:
How Lopay Is Redefining Payments for America’s Small Businesses
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech
Accion announced the final close of a $61.6 million fund that will invest in early-stage fintech companies
Snappi: Greece’s First ECB-licensed Neobank Officially Launches
Snappi,the first Greek neobank licensed by the ECB is delighted to announce that it is now publicly available
Payhawk Quadruples IFRS Revenue in Two Years; ARR Up 78%
Payhawk announced IFRS revenue reached €23.4 million, up 85% year over year and nearly 4× the €5.9 million in 2022