Exits & Deep Reads

Capital One to acquire Brex for $5B; BitGo goes public as year's first Crypto IPO (TWIF 1/25)

Hello Fintech Friends,

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

Exits

IPOs & SPACs

Ledger plans a New York IPO with the French crypto hardware wallet maker targeting a valuation over $4 billion and tapping Goldman Sachs, Jefferies and Barclays for a potential 2026 listing.
BitGo priced its IPO at $18 per share, closing its first trading day up 2.7% and with a $2 billion valuation as the first major crypto custody IPO of 2026.
OLB Group refiled DMint's Form S-1 to spin off its cryptocurrency mining subsidiary through a simultaneous IPO.

M&A - Fintech

Capital One agreed to acquire Brex for $5.15 billion in cash and stock, giving the credit-card issuer access to technology used by thousands of companies for corporate credit cards.
Payoneer acquired Boundless, an Ireland-based Employer of Record (EOR) platform, to enhance its workforce management tools for small- and medium-sized businesses.
Airwallex acquired Paynuri, entering the South Korean market with Paynuri’s payment gateway and foreign exchange licenses.
Zepz acquired Pomelo International, a credit-building remittance app and card, to expand beyond remittances into credit cards and lending.
Juniper Group acquired Singapore-based Tagit, a digital banking solutions provider processing over $100 billion in transactions annually.
Cosegic acquired Fintrail, a consultancy for fintechs to manage financial crime risks through anti-money laundering and fraud prevention.
Coincheck agreed to acquire a 97% stake in 3iQ, a Canadian digital asset manager, for $112 million (all-stock). Deal expected to close in Q2 2026.
Abound acquired Ahauz, a mortgage lender specializing in shared equity mortgages, to offer home owners improved access to borrowing.
GoParity acquired Bolsa Social, Spain's first impact crowdfunding platform to be authorized by the Spanish regulator, to accelerate expansion.
AdvanThink acquired Heptalytics, a Paris-based company focused on anti-money laundering and counter-terrorist financing detection.
Remote acquired Atlas, the expense management solution for global teams, to bolster Remote’s HR and payroll platform.
Neuberger Berman Capital Solutions committed to acquire Ryan, a global tax services and software provider.

M&A - Banks and Financial Institutions

Raymond James agreed to acquire Clark Capital Management Group, a Philadelphia-based asset management company with $46 billion in discretionary and non-discretionary assets. Deal expected to close in Q3 2026.