Every week I pull the deals that matter to the owners I work with: payments companies, ISOs, and vertical SaaS businesses. Here is the week of September 29 to October 6, 2026. The full list lives on the 733Park Deal Tracker.
Stripe agrees to buy Parafin
Stripe announced on September 30 that it has agreed to acquire Parafin. The price was not disclosed. Parafin’s last reported valuation was $750 million, from a December 2024 funding round. Parafin provides capital to small businesses through the software platforms they already use, including DoorDash, Gusto, Jobber, and Mindbody. It has funded more than 60,000 businesses since 2020. Stripe expects to close in the coming months.
Why it matters: Lending is now part of the payments stack, not an add-on. If you run a vertical SaaS company or a payfac, buyers will ask what you earn from your merchants beyond processing. A capital product that produces real revenue is something a buyer pays for. If Parafin powers your capital program today and you compete with Stripe, your supplier just changed hands. Have an answer ready before a buyer asks.
Nayax closes its $350 million purchase of IPS Group
Nayax completed the all-cash deal on October 1, buying IPS Group from Windjammer Capital Investors. IPS makes payment-enabled smart parking technology for cities, universities, and private operators, and manages more than 250,000 parking spaces. Nayax said the price works out to about 17 times IPS’s estimated 2026 adjusted EBITDA before synergies, and about 12 times after. More than 60% of IPS’s revenue is recurring.
Why it matters: A payments company paid a software multiple for a vertical business with payments built in. The deal was announced in late August and closed about five weeks later. Recurring revenue, one clear vertical, and payments inside the product. That is the profile strategic buyers pay up for, and it is the profile to build toward before you go to market.
Neopay to buy 65% of noon payments
UAE-based Neopay announced a definitive agreement on October 5 to acquire a 65% controlling stake in noon payments. The price was not disclosed. noon payments runs an embedded payments platform and e-commerce gateway with merchants in the UAE, Saudi Arabia, and Egypt. It was built as the payments arm of the noon online marketplace. The deal needs regulatory and antitrust approvals. The remaining 35% reportedly stays with noon’s parent company.
Why it matters: Look at the structure. The seller took a majority deal and kept a real piece of the upside. That option exists for owners at any size. You do not have to sell 100% to get liquidity and a bigger partner. It is also the second Middle East gateway deal in a month, after PayTabs agreed to buy Amazon Payment Services MENA in early September. Regional consolidation is moving fast.
Exectras, Simpay, and PayCompass combine into Exectras Payments
The three companies announced a new payment processing venture on September 14 with an October 1 launch date. They are pooling select assets, infrastructure, and people into one company. Ownership and financial terms were not disclosed. The venture pairs merchant processing with Exectras membership and health benefit programs, so partners can lead with payments, memberships, or both.
Why it matters: This is the ISO story of the week. Not every combination is a sale. Smaller ISOs are pooling assets to get scale and a second product to sell alongside processing. If you own an ISO and you are not ready to sell, a combination can build the size buyers want to see. Know what your portfolio is worth before you contribute it to anyone’s venture.
Monarch buys MBI, the company formerly known as HMBradley
Monarch, the personal finance app, announced the acquisition on October 1. Terms were not disclosed. MBI started as a consumer banking brand, then moved to building data infrastructure for banks and credit unions in 2023. MBI’s co-founder and CEO will run a new group called Monarch Labs. Monarch says it has more than one million active members.
Why it matters: Not every exit is a headline number. A good team and working technology have real value to a buyer that already has the customers. If your product is strong but you have not reached scale, the right buyer is usually the one with distribution. Those deals go best when you start the conversation from a position of strength.
Jeeves raises $110 million
Jeeves announced a $110 million Series C-1 equity round on September 29, led by CoinFund with Coinbase Ventures and Andreessen Horowitz participating. The valuation was not disclosed. Jeeves offers corporate cards, expense management, cross-border payments, and stablecoin products to businesses.
Why it matters: This is a funding round, not an acquisition, but it tells you where buyer money is going. Cross-border B2B payments and stablecoin settlement keep drawing nine-figure checks. If your company moves business money across borders, expect buyers to ask about your stablecoin plan in diligence. Have one.
Nubank’s parent says it is not buying Monzo
Nu Holdings put out a statement on September 30 saying it "is not pursuing a transaction with Monzo." That followed press reports of early talks that reportedly valued the UK digital bank at up to £10 billion. Nu said it is focused on Brazil, Mexico, Colombia, and the US.
Why it matters: A headline is not a deal. Reported talks fall apart every week, at every size. Owners sometimes slow down their business because a buyer showed interest. Do not do that. Until you have a signed LOI from a buyer with the money to close, run the company like you will own it next year.
Basware completes its acquisition of Trustpair
The invoice-management platform finalized the deal this week, as reported October 5. It was first announced in late August. Terms were not disclosed. Trustpair makes payment fraud prevention technology for corporate finance teams.
Why it matters: Platforms keep buying fraud and risk tools instead of building them. If you sell a focused product that fits inside a larger platform’s workflow, that platform is your most likely buyer. Start building those relationships long before you plan to sell.
One thing I did not see this week: a sizable US ISO or merchant portfolio sale announced in the trade press. Those deals often close without a press release, so a quiet week in the news is not a quiet week in the market.
733Park has 25 years in payments M&A, more than $10 billion in transaction volume and 200+ closed transactions, and the senior partner runs your deal from pitch to close. If you are thinking about what your company is worth or when to go to market, call (617) 564-0404 or email info@733park.com.