Private Equity firm is acquiring a lot of currency conversion APIs

As of today, it is now a paid API, and says it's operated by apilayer (which was recently acquired by a private equity firm).

It seems like they've acquired a decent number of currency conversion APIs:

1. https://openrates.io/ 2. https://currencystack.io/ 3. https://fixer.io

And probably a few more.

It's almost amazing how private equity strategy works :)

Only at the point where the roll-up creates a dominant player (or several, ie. a monopoly, duopoly, or oligopoly[0]) and antitrust rules kick in to prevent further consolidation or abuse (of various sorts) of the dominant position(s).

[0] In theory, antitrust also protects from abuse of monopsonies etc., but abuse of a dominant buyer (eg. Walmart) is harder to accomplish and maintain, harder to prove harm, and harder to regulate.