Breaking News
Nets A/S and Concardis Payment Group Complete Merger
Nets A/S , a market leader in the Nordic payments industry, and Concardis Payment Group a leading merchant payment service provider in the DACH region, have today announced that the merger of the two companies has been completed. Bo Nilsson will lead the combined Group as CEO and Robert Hoffmann will continue as Concardis Group CEO, reporting directly to Bo Nilsson.
Nilsson, Group CEO of Nets, said, “We are very pleased that the merger has been completed which allows us to proceed with our plans. By combining our market-leading positions as payment champions in the Nordics and the DACH region, we will be able to accelerate our European expansion and be a driving force behind the ongoing consolidation in the European payments industry.”
Hoffmann, CEO of Concardis Group, added, “As a joint Group we look forward to leveraging our combined strengths and further digitising our offerings to drive faster time to market for state-of-the-art, customer-friendly solutions – underlining our joint ambition to be at the forefront of payments innovation.”
The merger creates a business with approximately €500 million of EBITDA and €1.3 billion of net revenue. The resulting industrial scale will enable further investments in innovation and service improvements for customers, allowing the Group to reinforce its leading position in the European payments market. The headquarters of the Group will be in Ballerup, Denmark, and Nets and Concardis Group will retain their respective brands.
The newly formed Group is backed by leading private equity investors Hellman & Friedman, Advent International and Bain Capital. These owners each bring significant sector expertise, operational resources and capital to help accelerate the new Group’s growth and internationalisation.
- Addresscloud Appoints Clair Bush as Fractional CMO to Support Scalable Delivery of Geospatial Risk Intelligence Read more
- Banking Transformation Summit | 19-20th May | Tobacco Dock, London Read more
- ComplyAdvantage: Why Compliance Still Needs the Human Touch Read more
- ING: Turning AI Pilots Into Production Read more
- Volante Technologies: Why Banks Need Partners, Not Vendors Read more
Addresscloud Appoints Clair Bush as Fractional CMO to Support Scalable Delivery of Geospatial Risk Intelligence
Addresscloud, the geospatial intelligence platform redefining how insurers locate, understand and underwrite property-level risk, has appointed Clair Bush as Fractional Chief Marketing Officer to support the company’s next stage of growth and operational scale. The appointment is effective immediately.
Banking Transformation Summit | 19-20th May | Tobacco Dock, London
The banking industry is no longer at a crossroads; it is in the midst of a total architectural shift. As Generative AI moves from boardroom buzzword to operational reality and "Agentic Banking" begins to redefine customer engagement, the need for a collaborative roadmap has never been greater.
Akbank Goes Live on Mambu Core in Germany
Akbank AG has gone live with a new core banking platform from Dutch core banking vendor Mambu and completed a parallel rebuild of its data warehouse and reporting capabilities, according to separate LinkedIn posts from project leads.
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.
Identity Fintech Duna Raises €30m in Series A round
Duna, the identity fintech founded by two Stripe alumni, today announced a €30 Million Series A funding round led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated in the round.
Alinea Invest Scores $22.5m in User Acquisition Financing
US wealth management start-up Alinea Invest has secured $22.5 million in user acquisition financing from PvX Partners, a Singapore-based financing firm.
Janata Sahakari Bank Pune Selects TCS Bancs for Core Upgrade
Janata Sahakari Bank Pune has selected the TCS BaNCS™ Global Banking Platform to modernise its core and digital banking landscape, enhance efficiencies and provide a superior experience to its customers. Tata Consultancy Services, a global leader in IT services, consulting, and business solutions, will create a seamless, omnichannel banking experience for the Bank’s customers across web, mobile, and offline touchpoints, supported by TCS BaNCS’ modernised core and digital channels.
Addresscloud Appoints Clair Bush as Fractional CMO to Support Scalable Delivery of Geospatial Risk Intelligence
Addresscloud, the geospatial intelligence platform redefining how insurers locate, understand and underwrite property-level risk, has appointed Clair Bush as Fractional Chief Marketing Officer to support the company’s next stage of growth and operational scale. The appointment is effective immediately.
Banking Transformation Summit | 19-20th May | Tobacco Dock, London
The banking industry is no longer at a crossroads; it is in the midst of a total architectural shift. As Generative AI moves from boardroom buzzword to operational reality and "Agentic Banking" begins to redefine customer engagement, the need for a collaborative roadmap has never been greater.
ComplyAdvantage: Why Compliance Still Needs the Human Touch
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
ING: Turning AI Pilots Into Production
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Volante Technologies: Why Banks Need Partners, Not Vendors
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Akbank Goes Live on Mambu Core in Germany
Akbank AG has gone live with a new core banking platform from Dutch core banking vendor Mambu and completed a parallel rebuild of its data warehouse and reporting capabilities, according to separate LinkedIn posts from project leads.
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.