Exits & Deep Reads

But how quick and cheap are stablecoins really? (TWIF 11/9)

Sorrento Coast, Italy

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

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News coverage written and provided by Rachel Chang.

Reads of the Week

According to a16z's State of Crypto Report, stablecoins are one of the cheapest ways to send a dollar — in less than 1 second for less than 1 cent.

Exits

IPOs & SPACs

Navan went public last week at $25/share, raising $923 million and valuing the travel & expense platform at $6.2 billion.
Pine Labs plans to raise $430 million in its upcoming Mumbai IPO as the Indian payments company prepares a major domestic listing.

M&A - Fintech

Charles Schwab plans to buy Forge Global, a private shares platform, for $660 million.
Ripple acquired Palisade, a London-based digital asset wallet and custody infrastructure provider, to strengthening its crypto storage solution.
Lettuce Financial acquired Besolo to expand its infrastructure and offer self-employed professionals stronger healthcare and benefits options.

M&A - Banks and Financial Institutions

Prosperity Bancshares received all required regulatory and shareholder approvals to acquire American Bank Holding Corporation; the transaction is expected to close on January 1, 2026.