WesBanco, Inc. and Premier Financial Corp. have unveiled a high-stakes merger deal, set to significantly alter the regional banking landscape. The agreement, revealed by WesBanco President and Chief Executive Officer Jeff Jackson and Premier President and Chief Executive Officer Gary Small, outlines the merger of Premier into WesBanco. This all-stock transaction is valued at approximately […]
Global investment firm KKR and South Korean online fashion marketplace, MUSINSA have announced the signing of definitive agreements for a Series C fundraise. The deal, which is valued at $190 million, will see funds managed by KKR leading the round, with participation from Wellington Management, one of the world’s largest independent investment management firms. Founded […]
Clerkie, a California-based fintech company, has raised $33 million in a Series A round for its artificial intelligence (AI)-powered financial automation platform. The financing round was led by New York-based global venture capital and growth equity firm Left Lane Capital. Other investors including Citi Ventures, Flourish Ventures, Wellington Management Company, Vestigo Ventures, and CMFG Ventures […]
Payoneer, an online payment startup, has agreed to merge with FTAC Olympus Acquisition (FTOC), a special purpose acquisition company, in a deal valuing the combined firm at around $3.3 billion. The combined company will continue to operate as Payoneer with a public listing in the US. FTAC Olympus Acquisition is led by banking entrepreneur Betsy […]
Perella Weinberg Partners (PWP), a US-based independent advisory firm, has agreed to merge with FinTech Acquisition Corp. IV (FinTech IV), a special purpose acquisition company, in a deal worth around $975 million. The deal will enable the financial services company to become a publicly-traded company with a listing on NASDAQ under the PWP symbol. Established […]
Current Series C round : US challenger bank Current has raised $131 million in a Series C funding round led by new investor Tiger Global Management. The mobile bank, which is based in New York City, has raised more than $180 million in total funding to date, taking its valuation of $750 million. Current said […]