Exits & Deep Reads

A Wealthfront of possibilities (TWIF 12/7)

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Please find another week of fintech exits and deep reads below.

News coverage written and provided by Rachel Chang.

Reads of the Week

Exits

IPOs & SPACs

Wealthfront filed for a U.S. IPO, aiming to raise up to $485 million by selling 34.6 million shares at $12–$14 each and targeting a valuation of up to $2.05 billion.

M&A - Fintech

Deutsche Börse, the German stock exchange operator, bids $5.5 billion to acquire Allfunds, an investment funds platform.
Stripe agreed to acquire Metronome, a usage billing platform, to expand its billing and monetization capabilities for businesses.
Goldman Sachs agreed to acquire Innovator for $2 billion, bringing ~$28 billion of assets under supervision and 159 ETFs to its platform.
NICE is in talks to sell its Actimize division, an AML and fraud detection platform, for up to $2 billion, as the company looks to streamline operations and focus on cloud technology growth.
ID-Pal acquired NorthRow to integrate KYB (Know-Your-Business) services into its identify verification and compliance platform.
NatWest buys a minority stake in Bourn, a London-based small business financing fintech. Additionally, NatWest is in talks to sell its majority stake in Cushon to WTW in an estimated £150 million deal, potentially transferring ownership of the UK-based workplace pensions fintech.
Bridgepoint, a UK private-equity firm, has agreed to buy a majority stake in HT Digital, a London-based company specializing in audit, accounting, and tokenized financial-system services.