The Next Public Fintech Transaction: AvidXchange Taken Private by TPG Alongside Corpay
The $2.2B acquisition of AvidXchange, Inc. by TPG and Corpay is the latest example of consolidation in B2B fintech and, more specifically, AP automation. We discuss the recent stock performance of AvidXchange and Corpay, deal structure, and deal implications on broader B2B fintech investment.
European B2B Office of CFO SaaS: 2025 Market Trends and Key Investments
The European office of CFO SaaS remains a fertile ground for investments and M&A. Rapid market consolidation across CFO SaaS domains, key regulatory mandates (e.g., B2B E-invoicing) and increased adoption of embedded fintech across SaaS domains makes the space an attractive investment hotbed. We advise viewing the slides via the “PDF” icon button. ‹ › […]
Global Wallets Advance in Europe While Local Wallets Face Mixed Results
Local digital wallets across Europe are experiencing varied levels of success as they face increasing competition from global wallet solutions such as Apple Pay and Google Pay. While some local solutions — often backed by strong domestic banking networks — continue to build loyal user bases and demonstrate solid growth, others are seeing stagnation.
European SaaS Bullish on SoftPOS, But Slow to Market
As the digital economy evolves, SaaS platforms across Europe are reevaluating their approach to payments, particularly at the point of sale. One innovation gaining excitement, but less so real traction (yet), is SoftPOS, a tap-to-pay technology that turns smartphones into contactless payment terminals. It is clear in our work and research that SaaS companies love […]
Global Payments to Acquire Worldpay in Landmark $24 Billion Deal
Global Payments has announced its acquisition of a 100% ownership stake in Worldpay for $24.25 billion. As part of the transaction, FIS will receive Global Payments’ Issuer Solutions business, allowing FIS to sharpen its focus on core banking and issuer services, while Global Payments deepens its commitment to merchant acquiring and payment acceptance. Investor reactions […]
Cash is Still King in Europe, but Declining Rapidly
While industry narratives often downplay the role of cash, cash remains a significant payment method at the European point-of-sale (POS). However, European policy initiatives present a unique contrast with concerted governmental efforts to reduce cash usage.
Recent Public Market Meltdown of North American B2B Payments SaaS & Fintechs
Recent public market meltdown of North American B2B payments SaaS & fintechs likely to accelerate a wave of public-to-private M&A (along with other fintech domains). Market fundamentals, growth outlook, and opportunity for value creation in the sector remain healthy in the long term.
SaaS Embedded Finance Survey Results Part 1: Maturity Roadmap
Flagship recently completed a survey of 100+ North American SaaS platforms on their embedded finance businesses. We will be sharing key insights in a series of infographics. The first of the series focuses on embedded finance maturity. ‹ › General Commentary & Highlights Embedded finance takes years to perfect: There is a clear correlation between time […]
Q4 2024 SaaS Earnings Observations
Despite macro-economic headwinds and stock pricing pressure, large SaaS platforms have succeeded in continuing to drive top-line revenue growth while embarking on a transition to profitability. ‹ ›
Mercado Libre Ecosystem-powered Growth
Overview of Mercado Libre, a global example of how to successfully integrate fintech with commerce. From a marketplace to $100 billion fintech giant, Mercado Libre exemplifies how platform-driven expansion and embedded finance can transform digital businesses, providing a compelling blueprint for global growth.