Prime Trust, a one-stop shop for financial infrastructure for fintechs, has closed a USD64 million Series A funding round.
Deals & Transactions
PraxisIFM Group, a global financial services business listed on The International Stock Exchange (TISE), has agreed to sell its Fund Administration division to Sanne Group in an all-cash deal worth in excess of GBP50 million.
Lynx Global Digital Finance Corporation has formally closed the acquisition of 100 per cent of the issued and outstanding shares of Ausphil Technologies (Ausphil), an Australian private company, that holds a 52.15 per cent equity interest in a Philippines licensed financial institution, Binangonan Rural Bank Inc (BRB).
Wells Fargo Asset Management (WFAM), the newly independent company will be rebranded as Allspring Global Investments following its acquisition by GTCR LLC and Reverence Capital Partners.
Capco, a global technology and management consultancy, has partnered with AccessFintech, a fintech company focused on collaborative workflows.
JTC, a global provider of fund, corporate and private client services, has granted share awards worth GBP20 million to its global workforce as part of its long-established shared ownership programme.
Pamlico Capital (Pamlico) has made a growth investment in Aite-Novarica Group (ANG), a provider of subscription research and advisory services to financial institutions and the technology and service providers that support them.
Fidelity International (Fidelity) has selected FINBOURNE to drive its data strategy for its global asset management business.
CDC Group, the UK’s Development Finance Institution and impact investor, has announced a USD50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has partnered with XTAL Strategies, with the aim of supporting XTAL’s new regulated private market benchmark initiative.