Banks are buying fintechs, and fintechs are buying fintechs (10/16)

Banks are buying fintechs, and fintechs are buying fintechs (10/16)

Hello Fintech Friends,

The year is slowly drawing to a close, but you can find us in Las Vegas for Money2020, New York for a small group dinner, and Cape Town for Africa Tech Summit in the next month, all at https://lu.ma/twif (oh, and also at the Fintech Formal).

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


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☯️ Exits
🤝 M&A - Fintech
  • Aplazo, a Mexican buy-now-pay-later provider, acquired data insights platform Sensai Metrics to improve its merchant network and help brands manage marketing to customers.
  • UK business bank OakNorth Bank bought a 50% stake in property lender ASK Partners.
  • LHV UK, a British financial services provider to fintech and crypto companies, bought the  £17.9 small business loan book of Bank North.
🏦 M&A - Bank and FinServ
  • French bank BNP Paribus signed an agreement to acquire automated currency risk management fintech Kantox.
  • India has offered to sell a 60.72% stake in its publicly owned $5.6 billion IDBI Bank to a private buyer.
  • Private equity firm Warburg Pincus will buy a majority stake in Indian small business lender Vistaar Finance.
  • Pimco, Sixth Street, and Centerbridge are all bidding to acquire the beleaguered Credit Suisse’s securitized products unit.

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🌎 Fintech Around the World

The US labor market is resisting Fed rate hikes

Americans have run out of their pandemic savings at the wrong time

India’s Sustainable Finance Panel Backs Voluntary Carbon Market

Where does African fintech go from here?

What's happening at Wallets Africa?

📚 Deeper Reads & Features

Biden's focus on more equitable lending could be a big opportunity for fintechs

Hackers Target Eager Homebuyers With a Dumb Scam That Keeps Working

DeFi 2.0: The Best of Both Worlds

SWIFT Says It Can Resolve a Major Obstacle to CBDC Adoption

Who’s Afraid of Lending?

The Super App Model May Not Be Suitable for the US Market

What to Consider as Regulators Scrutinize Bank-Fintech Partnerships

Financial Health Pulse 2022 U.S. Trends Report

Blockchain-Powered Digital Assets And What It Means For Fintech

How To Fix The $30 Billion Checking Account Overdraft Problem

Selecting a Bank Partner

Payments and Transaction Banking: The New Growth Game

Financial Crime and Fraud Report 2022

Sustainability in global transaction banking: A market imperative

Regulatory and legacy system constraints hampering machine learning deployment

Five ways to build a strong fintech startup in a downturn

Two Problems for FinTech to Solve: Cross-Border Payments and ESG Data

Why wealth matters. The Global Wealth Report.

Why These Brothers Left Their $515 Million Fintech Company To Start A Healthcare Business

Dolphins meet squirrels in rare zoo encounter


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