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Mastercard acquires fintech platform BVNK to boost embedded finance
Mastercard announced the acquisition of BVNK, a developer‑centric fintech that provides API‑driven card issuance and rapid payment‑flow integration. The deal equips Mastercard with embedded‑finance tools designed to slash merchant onboarding times and streamline consumer checkout experiences.
Steven Pivnik, who quit Baruch College in 1988, leveraged a mainframe programming course to land a job at Reader's Digest, founded the software firm Binary Tree, earned $115,000 annually, and secured a multi‑million‑dollar acquisition by Quest Software in 2020. His story highlights a viable alternative to the traditional degree route for aspiring entrepreneurs.
Saks Global Enterprises has secured a $500 million financing commitment from its capital partners, positioning the luxury retailer to exit Chapter 11 bankruptcy this summer. The deal follows a $2.7 billion acquisition of Neiman Marcus that left the company $3.4 billion in debt and forced...
Mastercard announced the acquisition of BVNK, a developer‑centric fintech that offers API‑driven card issuance and rapid payment‑flow integration. The deal equips Mastercard with embedded‑finance tools designed to slash merchant onboarding times and streamline consumer checkout experiences. By folding BVNK’s agile...
. @vickeller on Warren Buffett and Berkshire Hathaway acquiring three of his companies, and what he looked at in his companies: "Mr. Buffett acquired businesses that I was fortunate enough to be part of founding. I don't think anybody sells a...
Wall Street’s private‑equity and investment‑bank arms are pouring capital into Japan’s fast‑food market, betting that American‑style quick‑service concepts can capture a growing appetite for convenience. In 2024, Carl Capital paid roughly $847 million for KFC Japan, while Goldman Sachs’ merchant‑banking division acquired Burger...
Rainmaker Securities' president Glen Anderson says investors have $2 billion ready for Anthropic, making it the hardest stock to source in the secondary market. At the same time, SpaceX’s potential private‑placement activity could shift demand away from AI rivals OpenAI and...
Engine and Nuqleous announced a merger that consolidates their retail analytics capabilities under the Engine brand. Private‑equity firm Rubicon Technology Partners stays on as the majority investor, positioning the new entity to scale faster in the CPG data market.
Goldman Sachs finalized the purchase of Innovator Capital Management, bringing roughly $31 billion in assets under supervision into its ETF platform. The deal expands Goldman’s active ETF suite to 240 funds, positioning it among the world’s ten largest active ETF providers.
New Trail Blazers owner Tom Dundon announced that the franchise will abandon its recent development‑first approach in favor of a win‑oriented culture. The statement follows the NBA Board of Governors' approval of the $4.25 billion sale of the team, and comes...
Lundin Gold Inc. announced a definitive silver streaming agreement with Canada‑based LunR Royalties Corp., exchanging a life‑of‑mine silver stream for 50,505,051 LunR common shares. The deal, slated to close in Q2 2026, will be paid out as a dividend‑in‑kind, expanding...
Starbucks has finalized a transaction with Boyu Capital, transferring a 60% controlling interest in its China business while retaining a 40% stake and licensing the brand. The partnership aims to accelerate expansion from roughly 8,000 stores to 20,000 across China,...
Capital Group agreed to purchase the 55‑story Bank of America Plaza in downtown Los Angeles for about $210 million, while New York City’s office‑to‑apartment conversion pipeline has surged to 16,358 projects—almost twice last year’s total. The twin trends signal a rapid...
Intel completed a $14.2 billion transaction to buy back Apollo’s 49% stake in its Fab 34 plant in Ireland, restoring full ownership. The deal lifted Intel’s stock nearly 5% and underscored the massive capital needed to compete in advanced chip manufacturing, a...
Amazon is in advanced discussions to buy Globalstar for roughly $9 billion, a deal that would add the LEO operator’s 24‑32 satellites to Amazon’s Leo constellation. The transaction would also involve Apple, which holds a 20% stake in Globalstar, and could...
Red Lobster did go bankrupt after a PE firm bought them. But it was also after that PE firm sold them to a non-PE company. There’s an elitist strain to economic populism where they have utter contempt for the people they’re...
the 9-figure acquisitions of The Free Press and TBPN tell you that: - yes, most media properties are overvalued and sinking - but also, some are way way undervalued bullish on the next gen
