Two fintech firms — one from the Philadelphia region and other from Chicago — merged at the end of 2020 and have rebranded to form a single, unified payments brand: Onbe. The merger of North Lane Technologies and daVinci Payments comes from a majority equity investment by Centerbridge Partners, and the newly formed company specializes in payment services for large enterprises.
You may have heard of North Lane, but from many moons (and names) ago. The company started out about 25 years ago as Ecount, and was acquired by Citigroup around 2008. Eventually it became an entity called Citi Prepaid Card Services, which Wirecard AG acquired in 2017. When Wirecard was seeking an acquisition last year, it renamed itself as North Lane Technologies (aptly named after where its located in the Spring Mill Campus in Conshohocken), and was acquired by Syncapay. The companies merged in December 2020, and took on the name Onbe last month.
And oh yeah, daVinci Payments was formerly known as Swift Prepaid Solutions.
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