Fiserv to Acquire Brazilian Financing Engine Money Money

Group 1: Acquisition Overview - Fiserv plans to acquire Brazilian FinTech company Money Money Servicos Financeiros S.A. to enhance its Clover platform for Brazilian small- to medium-sized businesses (SMBs) [1] - The acquisition will integrate Money Money's financing engine with Clover's cloud-based point-of-sale and business management platform [1][2] - The deal is subject to regulatory approval and is expected to close in the second quarter [2] Group 2: Strategic Importance - The addition of Money Money's services aims to boost growth for Fiserv's acquiring clients by facilitating access to necessary resources for improvements and processes [3] - Fiserv's ongoing investment in the Brazilian market reflects its commitment to advancing clients' business objectives through expanded local capabilities [3] Group 3: Recent Acquisitions - On April 7, Fiserv acquired payment facilitator Pinch Payments, which serves 2,000 merchants in Australia and New Zealand, enhancing its payment orchestration platform [4] - In March, Fiserv acquired CCV, a payment solutions provider in the Netherlands, Belgium, and Germany, to expedite Clover platform deployment in Europe [5] - Also in March, Fiserv finalized the purchase of earned wage access provider Payfare, aimed at accelerating embedded finance solutions for its clients [6]