The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

Image Description

BBVA ramps up its hostile takeover pursuit of Sabadell (TWIF 6/2)

BBVA ramps up its hostile takeover pursuit of Sabadell (TWIF 6/2)
Tyresö FF, Sam Ekbatani

Hello Fintech Friends,

We're bringing back our international Fintech Trek for it's third year!

Two years ago, 100+ of us traveled to visit Abu Dhabi and Dubai for three days. Last year, we took 200+ fintech enthusiasts to a week-long fintech immersion program in Mexico City.

Where should we head in 2024? Help us vote at thisweekinfintech.com/community

And if you're coming to NY Tech Week next week, come find us in the wild:

Agile Fintech Partnerships Breakfast & Panel at NY #TechWeek – hosted by American Express and This Week in Fintech · Luma
American Express, Amex Ventures, and This Week in Fintech are coming together to host an exclusive breakfast and panel during New York Tech Week. Who: This…
NYC Fintech Coffee [NY #TechWeek] · Luma
Please note - Given the demand and limited capacity, registration and approval are required for attendance! We’re kicking off #NYTechWeek by bringing together…

Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)


📺
Sponsored Content

Raising debt capital is a crucial requirement for card, lending, and neobank startups, but most fintech operators don’t come from a capital markets background. That’s why Finley and Cross River Bank put together this comprehensive guide to raising debt capital. It outlines the people, processes, and partners you need to assemble to execute a debt capital raise. Download your free copy here.

Want to sponsor a newsletter? See our sponsorship information here.


📖 Reads of the Week
Banks in Disguise
Unmasking the Banks Inside Starbucks, Carnival, Naked Wines, Delta, Travel + Leisure
The opportunity behind Square Banking
Why did Square pick a fight with Chase and American Express?

☯️ Exits
🤝 M&A - Fintech
  • Japanese information technology and consulting company NTT Data acquired a controlling 58.73% stake in payment services firm GHL Systems for around $154 million.
  • Papara, a Turkish banking app with 20 million users, will acquire SadaPay, a Pakistani provider of P2P money transfers, debit cards, and payment products with 1 million users and $1.5 billion in annual payment volume.
  • Talos, a crypto trading software provider which offers a DeFi-access platform, acquired Skolem, a platform for institutional investors to access DeFi markets – its third acquisition in a year.
  • insightsoftware, a global provider of reporting, analytics, and performance management solutions, plans to acquire Fiplana, a Qlik financial planning and analysis software.
  • HPS acquired Irish digital banking and payments software company CR2, which operates BankWorld, installed at 90+ banks across more than 50 countries, offering a suite of digital banking, digital wallet and payment products.
  • Publicly-listed fintech Broadridge Financial Solutions acquired AdvisorTarget, a provider of asset management and wealth management firms with data products to help power digital marketing.

🏦 M&A - Bank and FinServ
  • Dutch bank ABN AMRO will acquire private German bank Hauck Aufhauser Lampe from Chinese conglomerate Fosun International for $730 million.
  • Bill Ackman is considering taking a stake in his investment firm Pershing Square public this year, valuing the firm at $10 billion.
  • Spanish bank BBVA is seeeking regulatory approval for a hostile takeover of its $13 billion rival Sabadell, who has rejected multiple advances.
  • Global bank HSBC transferred ownership of its Russian unit to Expobank for an undisclosed fee to comply with sanctions.

📺
Sponsored Content

Raising debt capital is a crucial requirement for card, lending, and neobank startups, but most fintech operators don’t come from a capital markets background. That’s why Finley and Cross River Bank put together this comprehensive guide to raising debt capital. It outlines the people, processes, and partners you need to assemble to execute a debt capital raise. Download your free copy here.

Want to sponsor a newsletter? See our sponsorship information here.


🌎 Fintech Around the World

The rise of Buy Now, Pay Later (BNPL) in South Africa

What does it take to build great Banking as a service startup in Africa?

Bank of England: Regulators must be wary of AI’s ‘invisible hand’

📚 Deeper Reads & Features

FinTech Reckoning Requires Elevating Our Governance, Risk and Compliance Cultures

Basel Endgame, bank charters, true lenders and other commentary

The Rise and Fall of Banking-as-a-Service

Why don’t banks hedge more?

Digging Deep on Bilt

Synapse is a huge black eye on the industry but let’s not paint all of fintech with the same brush

Fintech N26 says regulatory action cost it ‘billions’ in lost growth

American Express Zooms Ahead as Gen Z Gets Hooked on Card Rewards

Is Walmart ready to take on banks after its divorce from Capital One?

Starling investor targets £10bn valuation for digital lender

The World’s largest wildlife bridge will help animals cross California highways


Have a news item for us? Reach out to news@thisweekinfintech.com