Gusto To Acquire Retirement Specialist Guideline

Gusto To Acquire Retirement Specialist Guideline
  • Payroll and HR platform Gusto plans to acquire retirement plan provider Guideline, expanding its small business benefits offerings.
  • While terms of the deal were not disclosed, Guideline was valued at $1.15 billion in 2021, and given that fintech valuations have compressed by around 26%, is estimated to be worth around $851 million today.
  • The combined companies aim to simplify retirement plan access for tens of thousands of small businesses, especially as states increasingly mandate employer-sponsored retirement options.

Payroll, benefits, and HR management solutions company Gusto unveiled plans to acquire retirement plan provider Guideline.

While financial terms of the agreement were not disclosed, Guideline had a $1.15 billion valuation in 2021 and claimed an annualized revenue of $140 million as of January 2025. Generally speaking, fintech valuations have been compressed by about 26% on average since 2021, so it is roughly estimated to be valued at $851 million today.

Gusto, originally known as ZenPayroll, was founded in 2011 to provide a cloud-based payroll, benefits, and HR management solution. The company’s tools help businesses track time and attendance, onboard new employees, manage existing talent, and more. In 2015, Gusto added to its small business offerings by offering health insurance and workers’ compensation, and a year later launched 401(k) retirement plans via a partnership with Guideline. Today, the San Francisco-based company serves more than 400,000 small businesses and is now valued at $9.3 billion.

Founded in 2015, Guideline helps businesses offer 401(k) and IRA retirement benefits to their team in a simplified approach. The California-based company works with small-to-mid-size businesses, franchises, and self-employed individuals across multiple industries, with dentist offices being the top category.

While Guideline has a direct-to-business approach, it also offers its plans via distribution partnerships with ADP, Block, Intuit, Paylocity, TriNet, and Rippling—all competitors of Gusto. Interestingly, Guideline plans to maintain integrations with those partners even after the acquisition closes.

Together, the two will serve tens of thousands of small businesses, offering them an integrated approach to adding retirement benefits, no matter the size of their team. Today’s deal will help Gusto serve its customers with more of Guideline’s services without having to worry about revenue sharing.

“We’re going to have the ability, in the right moment at the right time, to help [small business customers] if they want. It’s never going to be something they have to do—it’s always their choice—but help them understand that they can actually go provide retirement benefits to their team,” said Gusto CEO and Co-Founder Josh Reeves. “And so one thing I’m really, really excited about is I think we’re going to have a chance to help a lot more companies with retirement benefits by being together than if we had stayed separate.”

The acquisition is especially salient for Gusto, given that some states have passed mandates that now require businesses to provide their employees with retirement plans. The move also helps Gusto differentiate itself from competitors like ADP and Paychex by owning more of the retirement infrastructure directly, rather than relying solely on partnerships. In doing so, Gusto is strengthening its full-service appeal as the go-to HR and benefits provider for small businesses.


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Electronic Payments Acquires Handpoint

Electronic Payments Acquires Handpoint
  • Electronic Payments is acquiring Handpoint to expand into Europe, gaining offices in the UK, Iceland, and Spain.
  • Handpoint’s tools include mobile payment acceptance, an embedded payments platform, a card-present gateway, and real-time transaction reporting.
  • The deal strengthens Electronic Payments’ mobile and embedded offerings, helping it compete with newer players like Stripe and Square.

New York-based Electronic Payments has agreed to acquire UK-based Handpoint for an undisclosed amount.

Handpoint was founded in 1999 to provide in-person payments tools. The company helps its customers accept payments on smartphones, tablets, and handhelds, and enables merchants to accept card payments securely. In addition to hardware, Handpoint also offers an embedded payments platform, a card-present gateway, and provides real-time transaction data that gives merchants in-depth reporting. Before today’s announcement, Handpoint had raised a total of $8 million, most recently pulling in $2.4 million in 2021.

Handpoint demoed at FinovateFall 2012 and FinovateEurope 2012, at the height of the mobile payment acceptance wave that Block (then Square) kicked off in 2010.

Electronic Payments was founded in 1998 and offers a network of POS value-added resellers (VARs), agent banks, sales agents, and independent sales offices (ISOs) to businesses across multiple industries. Among the company’s products are Cygma, a full-stack authorization and clearing platform; Exatouch, a full-featured point-of-sale device; and ProCharge Gateway, a virtual terminal that helps process and manage payments from one central location.

Handpoint will give Electronic Payments an immediate European presence, as Handpoint maintains offices in the UK, Iceland, and Spain, new territories for Electronic Payments. Integrating Handpoint’s tools could allow US merchants that require cross-border capabilities to tap into a single payments partner on both sides of the Atlantic. Additionally, Electronic Payments could integrate Handpoint’s embedded payments platform with its Cygma clearing system, which would facilitate a more omnichannel approach.

Purchasing Handpoint will also help Electronic Payments strengthen its mobile and embedded payments offerings. This will help it compete with the self-service model that new players, like Stripe and Square, offer.


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Starling to Acquire Tax and Bookkeeping Startup Ember

Starling to Acquire Tax and Bookkeeping Startup Ember
  • Starling Bank has agreed to acquire Ember with plans to integrate Ember’s tax and bookkeeping tools into its business banking platform, giving small businesses streamlined support for invoicing, expenses, payroll, and tax submissions.
  • Ember’s software currently serves customers of major UK banks, but will become exclusive to Starling customers in 2026.
  • The move positions Starling to help businesses comply with His Majesty’s Revenue and Customs’ (HMRC’s) Making Tax Digital mandate by April 2026.

UK-based Starling Bank announced this week that it will acquire fellow UK fintech Ember, a tax and bookkeeping platform. Starling will build Ember’s resources into its banking platform to provide small business owners with tools they need to manage their transactions and tax submissions. Terms of the acquisition are undisclosed.

Ember was founded in 2019 to give small businesses a human accountant to work with throughout the year to offer real-time insights into their finances and automated bookkeeping. The company offers tools for invoicing, expense management, payroll, tax optimization, and more to do the heavy lifting of tax and VAT compliance while maximizing companies’ visibility into their finances.

“Ember’s platform is beautifully designed to simplify complex accounting tasks through a user-friendly interface,” said Starling Bank Managing Director of SME Banking Adeel Hyder. “As Starling ramps up the roll-out of best-in-class solutions for small businesses, we will continue to build, partner, or buy as best meets customers’ needs.”

Ember currently serves thousands of UK-based small businesses, including customers of HSBC, Revolut, Barclays, and Lloyds. Under the agreement with Starling, however, the company’s software will be exclusively available to Starling Bank customers starting in 2026. Also, as part of today’s deal, Starling will discontinue Ember’s accountancy advisory services.

This is a key move for Starling and strategic timing, given that His Majesty’s Revenue and Customs (HMRC) has mandated a Making Tax Digital requirement starting in April of 2026. Starling’s integration of Ember’s tools will help the many businesses that aren’t prepared for online tax reporting to integrate Ember’s HMRC-recognized software by the end of 2025.

The integration of Ember will be available to Starling’s business customers as part of a suite of business services. Among the bank’s other commercial customer tools are Spaces, a tool that allows business owners to put money aside for designated purposes; Bills Manager, which helps businesses pay suppliers on time; and Spending Intelligence, an AI-powered spending tracker.

“We are a natural fintech consolidator, so targeted acquisitions like Ember will form a key part of our strategy as we continue to develop Starling Bank in the UK and Engine by Starling overseas,” said Starling Group Chief Financial Officer Declan Ferguson. “Just as Fleet Mortgages has flourished since we bought it in 2021, I’m confident that Ember’s best-in-class tools will become a fantastic addition to Starling Bank’s offering.”


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Crypto Exchange Kraken Acquires Capitalise.ai

Crypto Exchange Kraken Acquires Capitalise.ai
  • Crypto exchange Kraken has announced its acquisition of no-code, natural language-based trading tools provider Capitalise.ai.
  • The acquisition will enable traders and investors on Kraken’s platform to build and execute complex trading strategies using everyday language rather than code.
  • Headquartered in Tel Aviv, Israel, Capitalise.ai won Best of Show in its Finovate debut at FinovateSpring 2017.

Crypto exchange Kraken has acquired Capitalise.ai, an Israel-based fintech that provides no-code, natural language-based trading and analytic tools for investors and traders. Terms of the transaction were not disclosed.

Capitalise.ai won Best of Show in its Finovate debut at FinovateSpring 2017 in San Francisco. At the conference, the company demonstrated how its technology can translate a wide variety of data inputs—including financial, social, and weather data—into actionable investment ideas across equities, cryptocurrencies, currencies, futures, options, and more. Capitalise.ai provides automated trade execution and the ability to optimize investment strategies quickly to analyze, predict, and improve performance.

“This acquisition gives Kraken Pro clients a powerful new way to act on ideas in real-time—testing, optimizing, and executing bespoke strategies with unprecedented speed and confidence,” Kraken Head of Exchange Shannon Kurtas said. “Capitalise.ai’s technology transforms how people interact with financial data—breaking down barriers that have long kept scalable, advanced strategies in the hands of a few. This is a major leap forward in democratizing access to pro-grade trading tools.”

Capitalise.ai’s functionality will be integrated into the Kraken Pro trading app in a phased rollout later in 2025. The company’s co-founders CEO Amir Shiovich and CPO Shahar Rabin, along with members of Capitalise.ai’s product and engineering team, will join Kraken.

The acquisition comes as the evolution of Kraken’s Pro platform, with its advanced features, has increasingly required both technical skill and deep trading expertise in order for users to make the most of the solution. Capitalise provides an effective response to this challenge, enabling clients regardless of background to build, test, and automatically execute often complex trading strategies using simple, everyday language.

“I founded Capitalise.ai alongside my partner Shahar Rabin, with the goal of democratizing advanced capabilities that were once reserved for hedge funds—through a simple, intuitive text interface,” Capitalise.ai’s Shiovich wrote on LinkedIn this week. “Over the years, we’ve partnered with world-leading brokers, served thousands of clients, and supported the trading of billions of dollars. By joining Kraken, we now have the opportunity to scale and drive meaningful impact across the trading industry.”

Founded in 2015, Capitalise.ai is headquartered in Tel Aviv, Israel. Earlier this year, the company announced an expanded partnership with FOREX.com that enabled FOREX.com’s customers in the EU and the UK to access Capitalise.ai’s platform.

Among the longest-standing cryptocurrency platforms in the world, Kraken offers trading in more than 200 digital assets and six different national currencies including EUR, GBP, USD, CAD, CHF, and AUD. Founded in 2011, the company has been a pioneer in spot trading with margin, parachain auctions, staking, regulated derivatives, and index services. Kraken supports more than 15 million clients in 190+ countries and has more than $207 billion in quarterly trading volume on its platform.


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Incode Acquires Identity Verification Company AuthenticID

Incode Acquires Identity Verification Company AuthenticID
  • Incode has acquired AuthenticID to combine AI-driven fraud detection with enterprise-scale expertise, aiming to become a top global identity verification provider.
  • The deal strengthens Incode’s defenses against rising AI threats like deepfakes and synthetic fraud.
  • Together, the companies serve major banks, telecoms, and neobanks worldwide.

Identity verification company AuthenticID has been acquired by biometric identity organization Incode. The acquisition will bring together Incode’s AI solutions with AuthenticID’s enterprise expertise to combat fraud. The amount of the deal is undisclosed.

Incode said that the acquisition will accelerate its growth and position it as a leader in the identity authentication market. California-based Incode has seen an 80% year-on-year organic growth rate, and with AuthenticID on board, the company aims to broaden its global reach and solidify its position as a top-tier provider of end-to-end identity verification solutions.

“In the age of synthetic fraud, AI impersonation, and Agentic AI, verifying human identity has become the foundation of digital trust. Together with AuthenticID, we’re hardening the front line against these threats, so every enterprise can trust every interaction,” said Incode Founder and CEO Ricardo Amper.

Founded in 2015, Incode offers advanced neural networks and large visual language models that help detect and prevent identity fraud in real time. AuthenticID will add its expertise in regulated environments that require a high volume of verification.

Together, Incode and AuthenticID will strengthen defenses against advanced AI-driven threats, including deepfakes, which have fueled a 300% year-over-year surge in account opening fraud, and AI agents operating without identity safeguards. Collectively, the two companies serve eight of the ten largest US banks, protect eight of the nine biggest telecom providers in North America, work with four of the top five banks in Latin America, secure three leading global neobanks, and safeguard hundreds of organizations against retail fraud.

AuthenticID was founded in 2001 and offers identity proofing, ID verification, biometric authentication, and fraud shield tools to support the fight against cybercrime. Additionally, the company’s Identity Fraud Taskforce continuously develops new algorithms to improve AuthenticID’s identity decisioning engine to help identify and stop fraud. Last June, the company launched a new solution to detect deepfake and generative AI injection attacks. 

“As AI-driven fraud becomes more sophisticated, our clients need more than just point solutions—they need a holistic AI-first approach delivered by a true strategic partner,” said AuthenticID CEO Reed Taussig. “Incode’s vision and AI technology leadership, leveraging foundational vision models, enable us to deliver an identity orchestration platform that is fast, secure, and highly adaptive across our expanded customer base.”

Today’s deal is a good example of how identity verification is a strategic pillar of digital trust. As AI-driven fraud accelerates and regulators tighten controls, financial services firms need partners that can combine speed, accuracy, and adaptability at scale. By uniting Incode’s AI-first innovation with AuthenticID’s enterprise and regulatory expertise, the acquisition signals a future where identity is more holistic.


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EverC Announces Merger with G2 Risk Solutions

EverC Announces Merger with G2 Risk Solutions

AI risk classification platform EverC revealed today that it is joining forces with G2 Risk Solutions (G2RS). The two are combining to pursue a collective mission to protect global digital payments and defend e-commerce from threats. The transaction is expected to close in the third quarter of this year.

Moving forward, the two will leverage EverC’s AI capabilities and bring G2RS’s risk and compliance capabilities to the payments risk ecosystem. When the deal is finalized, the two companies will collectively serve most major payment providers across the globe, including banks, merchant acquirers, marketplaces, and online platforms.

EverC was founded in 2015 to help marketplaces and online sellers grow by bringing trust and security to the ecommerce ecosystem. The company combines AI with its expertise in risk intelligence, data science, fintech, payments, and financial risk. In addition to its Risk Insights solution, EverC also offers two products, MerchantView, a merchant onboarding and monitoring platform; and MaketView, an automated, AI-driven solution that identifies and eliminates hazardous, counterfeit, and illicit products in online marketplaces.

G2RS offers risk and compliance management for financial institutions and online platforms. The California-based company offers a suite of solutions covering merchant risk, digital commerce monitoring, transaction laundering detection, identity verification, bankruptcy risk, and regulatory data services. Founded in 1989, G2RS leverages data, analytics, and human-curated insights to help its clients navigate evolving regulatory landscapes and complex risk challenges. Today’s deal isn’t G2RS’s only change to its operations this year. In the first quarter, the company acquired WebShield owner ZignSec AB for an undisclosed amount.

“G2RS and EverC have long traveled toward the same North Star, safeguarding digital commerce and the people who depend on it,” said G2RS CEO Brian Longe. “We move forward as one team with a shared vision to redefine what market leadership looks like in the merchant risk space. Leveraging each other’s strengths as a unified force on a singular track, we will accelerate to deliver faster, smarter business outcomes and solutions for our clients and the global digital economy. We’re poised to achieve more together than we ever could apart, aligned in our commitment to root out fraud and illegal activities and help our customers grow with confidence and integrity.”

Logistically, Longe will serve as CEO of the combined company, while EverC CEO Ariel Tiger will serve as an adviser through the end of the year as the companies transition into a single entity. Employees of both companies will continue to operate globally with offices in the US, Europe, India, and Israel.

“We share a purpose to stop the increasingly sophisticated global threats from bad actors who seek to exploit the payments ecosystem,” said Tiger. “With our two teams working together, our impact can be exponential. This elevates our game in every facet of the business, pushing the envelope technologically and setting new standards for merchant portfolio performance.”

At FinovateFall 2021, EverC demoed how MerchantView helps mitigate transaction laundering by identifying illicit activity in order to help clients reduce and avoid fines, maintain regulatory compliance, and protect their brand.


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Two-Time Best of Show Winner Array Acquires Fellow Finovate Alum MoneyKit

Two-Time Best of Show Winner Array Acquires Fellow Finovate Alum MoneyKit
  • Embedded software platform company Array has acquired data aggregation specialist MoneyKit. Terms were not disclosed.
  • The partnership will enable Array’s customers to benefit from deeper connectivity that will facilitate more dynamic customer experiences including personalized credit insights and intelligent subscription management.
  • Array won Best of Show at FinovateFall 2021 and again at FinovateSpring 2022. MoneyKit made its Finovate debut at FinovateFall 2024.

Embedded software platform Array, which has twice won Finovate’s Best of Show award, announced its acquisition of data aggregation solutions company (and fellow Finovate alum) MoneyKit. Terms of the transaction were not immediately available.

“MoneyKit has built a trusted and secure foundation for financial connectivity in just a few years,” Array Founder and CEO Martin Toha said. “Combining their capabilities with Array’s embeddable financial security components unlocks a new era of intelligent, personalized, and privacy-first experiences for millions of consumers.”

Array offers an embeddable platform that provides fintechs, financial institutions, and digital brands with a variety of private-label fintech solutions. MoneyKit is a specialist in data aggregation and trusted financial connectivity infrastructure. Together, the two firms seek to deliver a range of secure, consumer-first financial experiences—from embedded credit monitoring to streamlined access to financial data—to help consumers improve and better manage their finances. Post-acquisition, Array customers will benefit from deeper connectivity courtesy of MoneyKit’s technology, enabling them to access more dynamic experiences including personalized credit insights, intelligent subscription management, and more.

“Joining Array allows us to scale our mission and bring powerful new capabilities to the ecosystem,” MoneyKit CTO Michael Del Monte said. “We’re excited to be a part of the next wave of tools that help consumers feel more secure, informed, and in control.”

Headquartered in New York, MoneyKit made its Finovate debut at FinovateFall 2024. At the conference, the company demonstrated its MoneyKit Connect solution that leverages intelligent routing to enhance bank data aggregation. The technology makes real-time routing decisions based on its unique insights into the specific institution, time of day, and data products requested to ensure that the connection goes to the best possible underlying aggregator. MoneyKit was launched in 2021 by the serial founders who started both Cash App and Quovo.

Winning Best of Show in its appearances at FinovateFall 2021 and FinovateSpring 2022, Array most recently demoed its technology at FinovateSpring 2023. The company’s platform helps financial institutions and financial service providers boost engagement and revenues by providing them with tools like anti-identity theft solution HelloPrivacy and an intelligent Subscription Manager that can be embedded in a matter of weeks.

Founded in 2020, Array is based in New York.


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Palo Alto Networks to Acquire ID Security Company CyberArk

Palo Alto Networks to Acquire ID Security Company CyberArk
  • Palo Alto Networks is acquiring identity security company CyberArk for $25 billion.
  • The deal marks Palo Alto Networks’ first major move into the identity space as threats from AI-generated attacks and synthetic identities increase.
  • The deal will integrate CyberArk’s privileged access management tools into Palo Alto’s AI-driven platforms, expanding protection to human, machine, and AI agent identities under a unified security architecture.

Palo Alto Networks announced plans to acquire CyberArk this week. The Massachusetts-based identity security company agreed to be acquired for approximately $25 billion.

The deal will bring CyberArk’s privileged access management (PAM) and identity security technology into Palo Alto Networks’ existing AI-powered security platforms, marking the California-based company’s first entry into the identity space. Combining the expertise of the two organizations, Palo Alto Networks will extend identity protection to all identity types, including human, machine, and autonomous AI agents.

For CyberArk, the new backing will help to establish itself as an identity security platform by driving better combined security outcomes.

“Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now,” said Palo Alto Networks Chairman and CEO Nikesh Arora. “This strategy has guided our evolution from a next-gen firewall company into a multi-platform cybersecurity leader. Today, the rise of AI and the explosion of machine identities have made it clear that the future of security must be built on the vision that every identity requires the right level of privilege controls, not the ‘IAM fallacy’. CyberArk is the definitive leader in Identity Security with durable, foundational technology that is essential for securing the AI era. Together, we will define the next chapter of cybersecurity.”

The deal comes at a time when identity and security are converging, especially as gathering credentials for both human and machine identities such as AI agents begins to challenge traditional security frameworks. The integration of CyberArk’s Identity Security Platform with Palo Alto Networks will provide a single solution to help eliminate security gaps; extend identity management to ensure the right level of privilege controls is applied to every identity, which includes humans, machines, and even agents; and help enforce just-in-time access and least privilege principles to ensure that AI agents are granted only the permissions they need.

Palo Alto Networks was founded in 2005 and has since provided more than 70,000 organizations across the globe with solutions across network, cloud, and security operations. The transaction has been approved by the Boards of Directors of both Palo Alto Networks and CyberArk, and is expected to close in the second half of 2026.

This deal marks a notable shift in cybersecurity, as it signals that identity security is no longer an add-on, but it is rather a central piece of the future of threat prevention. As organizations rely more on cloud infrastructure, machine-to-machine communication, and AI-driven operations, identity should be front and center. Palo Alto Networks’ move to integrate CyberArk’s technology doesn’t just add another product line, but instead redefines cybersecurity architecture around identity as the new perimeter.

The move also comes at a time when banks are fighting deepfake identity images at onboarding, struggling to distinguish synthetic identities created by AI from real images, and facing pressure to secure machine-to-machine communications. Each of these elements highlight the growing need for stronger identity verification and privilege management across both human and non-human users.


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Sage Acquires Expense Management Platform Fyle

Sage Acquires Expense Management Platform Fyle
  • Finance ERP provider Sage has acquired Delaware-based expense management platform Fyle. Terms of the transaction were not disclosed.
  • Fyle’s technology will enable Sage to offer additional tools that leverage AI to automate workflows in accounting, finance, human resources, and payroll operations.
  • Founded in 2016, Fyle made its Finovate debut at FinovateFall 2023 in New York.

Expense management platform Fyle has agreed to be acquired by finance ERP provider Sage. Terms of the transaction were not disclosed.

“Our mission has always been to make expense management intuitive—so that our users never have to actively think about the task in any meaningful way, and so that their finance departments have the data transparency and assurance they need during close,” Fyle CEO and Co-Founder Yashwanth Madhusudan said. “As a longtime partner of Sage, we know the company shares our focus on delivering great software experiences, and we are excited about the collective impact we can have.”

The acquisition will enable Sage to add further AI-powered tools to simplify and automate financial workflows in accounting, finance, HR, and payroll operations. Fyle provides accounting and finance teams with real-time notifications on transaction data and enables end users to submit and reconcile expenses with a simple text. With more than 150 employees, the Delaware-based company has 1,600 direct customers in the US and thousands more via white-label agreements.

Post-acquisition, Fyle will continue to integrate with third-party accounting and financial systems. The technology is already integrated with Sage Intacct and Sage 300 Construction and Real Estate, with a broader rollout throughout North America “and beyond” to follow.

“In 2025, financial leaders are expected to play much more strategic roles than ever before and are looking for every way to get a high-performance edge. We know expense management is a key workflow for finance. Fyle streamlines and automates the entire process, further simplifying SMB finances with AI. I look forward to working as one team to create real and immediate impact for our customers,” Sage EVP Financials and ERP, Dan Miller said.

UK-based Sage provides software and services to help small and medium-sized companies conduct and enhance their payroll, human resources, and financial operations. Among the company’s flagship solutions, its Sage Intacct solution provides cloud accounting and financial software management for medium-sized businesses, while the company’s Sage 50 Accounts provides similar accounting, inventory, and payments management for smaller firms.

Founded in 2016, Fyle made its Finovate debut at FinovateFall 2023. At the conference, the company demonstrated how its technology integrates with text messaging, email (including Gmail and Outlook), and meeting platforms like Slack and MS Teams to give companies and employees a unique and user-friendly way to submit and manage expenses. The technology instantly codes and categorizes expense data and syncs the data with commonly used ERPs such as Sage Intacct, NetSuite, QuickBooks Online, and Xero.


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Signicat Acquires Digital ID Verification Company

Signicat Acquires Digital ID Verification Company
  • Signicat has acquired Dutch identity verification provider Inverid for an undisclosed amount.
  • Inverid’s flagship product, ReadID, uses NFC on smartphones to securely verify ID documents, making it ideal for high-assurance use cases like banking, government, and cross-border compliance.
  • The acquisition positions Signicat to meet growing regulatory and fraud prevention demands across Europe.

Fraud prevention solutions provider Signicat announced this week that it is bolstering its identity authentication and orchestration tools with the acquisition of the Netherlands-based Inverid.

Signicat is purchasing Inverid from its founders and the company’s majority shareholder, Main Capital, both of which have agreed to reinvest a portion of what they receive back into Signicat. This indicates that they believe in the potential of the combined company and want to retain a financial stake in its future.

Inverid (formerly known as InnoValor) was founded in 2013 and has a team of 75 developers working on solutions that increase digital trust. The company’s flagship solution, ReadID, helps organizations verify identity documents leveraging NFC on users’ smartphones. Inverid counts 50 clients, including Rabobank, the UK and Danish governments, and the European Border and Coast Guard Agency (Frontex).

NFC-based document verification is one of the most accurate and tamper-resistant ways to validate identity documents. This is because it pulls data directly from the chip inside a passport or ID, rather than relying on OCR or a camera scan. This makes ReadID a powerful addition for high-assurance use cases like onboarding for banks, insurers, or government services.

Signicat will integrate the ReadID capabilities into its own set of solutions, which include identity proofing, trust orchestration, authentication, and electronic signing.

“By adding Inverid’s unique NFC-based solution to our platform, we can offer our customers the best possible document verification technology and unmatched identity solutions,” said Signicat CEO Asger Hattel. “This transaction demonstrates our commitment to remaining at the forefront of digital identity innovation, constantly striving to offer our customers still more effective tools to fight fraud while improving digitization journeys for their end users.”

Signicat has been in the identity industry for nearly two decades, having launched its identity verification tools in 2006. Today, the Norway-based company supports 240+ data sources to identify businesses and individuals. Signicat offers national eID and biometric verification, ID document scanning, data verification AML/KYC checks, and more. In 2019, Signicat was acquired by private equity investor Nordic Capital for an undisclosed amount.

“The acquisition of Inverid is an important step to further strengthen Signicat’s offering to deliver even better digital identity solutions to the market,” said Nordic Capital Advisors Managing Director Rolf Torsøe. “Building on a successful partnership between the companies and a strong cultural fit, this transaction will unlock immediate synergies. Nordic Capital is enthusiastic about supporting Signicat’s continued growth journey in Europe.”

This acquisition comes at a time when fraud is evolving rapidly, and governments and financial institutions across Europe are doubling down on strong identity verification. By integrating NFC-based document checks, Signicat is closing a key gap for high-assurance use cases like government onboarding and cross-border compliance. This is especially true in an era when regulations surrounding identity verification are shifting, creating a moving target for organizations.

Clarity AI Acquires Sustainability Fintech ecolytiq

Clarity AI Acquires Sustainability Fintech ecolytiq
  • Clarity AI has announced its acquisition of Sustainability-as-a-Service fintech ecolytiq. Terms of the transaction were not disclosed.
  • The acquisition will add to Clarity AI’s suite of sustainability solutions and enhance the firm’s ability to embed sustainability intelligence into financial decision-making.
  • ecolytiq introduced itself to Finovate audiences in 2021 as part of our developers conference FinDEVr.

German Sustainability-as-a-Service innovator ecolytiq has agreed to be acquired by Clarity AI. The company helps financial institutions, public organizations, and individuals boost sustainability by calculating the environmental impacts of payment transactions. Terms of the acquisition were not immediately available. As part of the acquisition, Visa—which has had a longstanding strategic partnership with ecolytiq—has become an investor and strategic partner of Clarity AI.

“ecolytiq was founded with the idea that banking can be a powerful catalyst for climate action,” ecolytiq Co-Founder and Managing Director David Lais said. “The mission has always been to empower individuals to drive positive climate impact at scale through their everyday purchasing decisions. By joining forces with Clarity AI, we’re taking that vision to the next level—combining our behavioral science-based climate engagement technology with a world-class, AI-driven sustainability platform. Together, we’re accelerating the transition to a greener future—powered by the best available data and backed by purpose.”

The acquisition will bring additional climate engagement technology to Clarity AI’s platform, which is designed to embed sustainability intelligence into decision-making at scale, turning complex data into actionable insights that support responsible consumption and investment. ecolytiq’s technology leverages behavioral science to analyze transaction data in real-time and quantify environmental impacts. This information is delivered as high-impact sustainability content that has helped encourage climate-positive activity for millions of consumers and businesses throughout Europe and beyond.

Clarity AI Founder and CEO Rebeca Minguela called the acquisition “a declaration of intent,” noting that ecolytiq’s platform “aligns perfectly with our mission to embed sustainability intelligence into every decision—from multi-billion-dollar portfolios to everyday purchases. Together, we’re setting a new standard for how financial institutions engage customers with data that drives meaningful change.”

Recognized by Forrester as a Leading Provider in the field of sustainability intelligence, Clarity AI serves a network of clients managing a combined $70 trillion in assets. These clients include companies such as Invesco, Nordea, Lazard Asset Management, and Santander. From its inception in 2017, Clarity AI has put AI technology to work to support its suite of data solutions, analytics capabilities, and tools for portfolio management, corporate research and engagement, regulatory reporting, online banking, and more. Headquartered in New York, Clarity AI maintains offices in Europe and the Middle East, as well.

Headquartered in Berlin, Germany, and founded in 2020, ecolytiq has teamed up with the likes of Mashreq, HSBC, and Piraeus—as well as with fellow Finovate alums like Tink and TSYS—to provide solutions that help individuals and organizations understand the impact of their transactions on the environment and make adjustments to lower their carbon footprint. A Certified B Corporation, ecolytiq has approximately 14,500 financial institution clients worldwide.


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DASH Merges with S4i, Combining Accounts Payable and Compliance

DASH Merges with S4i, Combining Accounts Payable and Compliance
  • DASH and S4i Systems have merged to form SMRTR, a new company focused on delivering automation and compliance solutions to the manufacturing and food and beverage industries.
  • SMRTR offers a cloud-based platform that streamlines accounts payable, document automation, supplier onboarding, and regulatory compliance.
  • The new organization bridges the gap between finance and supply chain operations.

Accounts payable automation specialist DASH announced this week that it is joining forces with compliance and content management solutions provider S4i Systems. The new entity is called SMRTR, and will offer automation and compliance solutions to manufacturing and food and beverage companies.

SMRTR’s cloud-based solutions will help customers improve operational efficiency with its tools that include AP processing, document automation, supplier onboarding and compliance, and electronic proof of delivery. By combining DASH’s financial process automation with S4i’s supplier compliance tools, SMRTR is uniquely positioned to streamline both front-and back-office operations, ultimately bridging finance and supply chain documentation in a unique way.

SMRTR CEO Susanne Moore highlighted how industries facing labor shortages and increased regulation are undergoing a shift toward platform consolidation. “Our customers have consistently told us they want fewer vendors and more comprehensive solutions,” said Moore. “This merger allows us to deliver exactly that—a complete automation platform that addresses both operational efficiency and regulatory compliance from a single source. We’re bringing together decades of industry experience to solve problems that matter to our customers’ bottom line.”

DASH was founded in 1998 to help its customers automate accounts payable processes and manage their documents. The company supports its clients by offering ERP tools that provide regulatory compliance and audit preparation by reducing manual processes and improving accuracy in financial operations.

S4i Systems launched in 2002, offering automation solutions for companies working in the food & beverage industry. The company’s supplier management platform helps clients meet industry-specific regulatory requirements by offering documentation management and supply chain traceability.

Logistically, SMRTR will bring on employees from existing locations. The company will support product portfolios of both DASH and S4i Systems, maintaining each company’s existing customer relationships.

This merger reflects a growing trend among mid-market automation and compliance vendors to consolidate services into end-to-end platforms. As regulatory demands and supply chain complexities increase in the food and beverage industry, companies are looking for partners that can handle both compliance and operational efficiency.


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