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B2B Payments Company Sendfriend Acquires Compliance Provider Digipli

Feb 02, 2023•almost 3 years ago

Acquiring Company

SendFriend

Acquired Company

DigiPli

PaymentsFintechFinancial ServicesFintechSaasFinancial Services

Description

B2B Payments Company SendFriend Acquires Compliance Provider DigiPli SendFriend, a B2B fintech company reinventing how companies send and receive cross-border payments, has acquired the assets of US compliance provider DigiPli for an undisclosed sum.

Company Information

Company

SendFriend

About

SendFriend is a global payments-as-a-service platform, enabling seamless and compliant payments for banks and financial institutions. The company has offered on-chain settlement products in addition to its traditional payment channel offerings. SendFriend was founded at the Massachusetts Institute of Technology to reinvent the cross-border payments industry. The company is backed by leading partners and investors such as the European Union, Techstars, the Barclays Accelerator, and others and led by a team of subject matter experts and technologists. To learn more, visit https://sendfriend.io/.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed