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Tech Giant NovaCorp Acquires Fintech Startup PayFlex in $1.2B Deal

Summary

NovaCorp announced today the acquisition of fintech startup PayFlex for $1.2 billion, marking one of the largest mergers in the sector this year. The deal aims to integrate PayFlex

NovaCorp announced today the acquisition of fintech startup PayFlex for $1.2 billion, marking one of the largest mergers in the sector this year. The deal aims to integrate PayFlex’s innovative payment solutions into NovaCorp’s existing digital ecosystem, expanding its reach across Asia and Europe. According to Bloomberg, the acquisition is expected to boost NovaCorp’s annual revenue by 15% and accelerate its push into mobile banking services. The merger is subject to regulatory approval but is anticipated to close by Q3 2026.
1d agoVerified by Kanchan
Tech Giant NovaCorp Acquires Fintech Startup PayFlex in $1.2B Deal

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