Vista Equity Partners' purchase of Canadian payments software provider D+H, which it plans to merge with Misys bank in the UK, could herald a wave of consolidation in the fintech sector, according to Bobs Guide. The company is also looking at merging its payment processing business with rival MoneyGram and has been talking about doing so for some time. But the merger of mature fintech firms suggests these companies are looking to protect market share and achieve economies of scale. “We are thrilled by the prospect of combining these two leaders in the Fintech industry,” Brian N. Sheth, Co-Founder and President of Vista Equity Partners, told the press on announcing the news. Venture capital firms are also increasingly looking to put their money into mature fintech companies rather than start-ups.
Vista Equity Partners' purchase of Canadian payments software provider D+H, which it plans to merge with Misys bank in the UK, could herald a wave of consolidation in the fintech sector, according to Bobs Guide. The company is also looking at merging its payment processing business with rival MoneyGram and has been talking about doing so for some time. But the merger of mature fintech firms suggests these companies are looking to protect market share and achieve economies of scale. Venture capital firms are also increasingly looking to put their money into mature fintech companies rather than start-ups.