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.

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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.

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Circle is going public (again) (TWIF 11/12)

Circle is going public (again) (TWIF 11/12)
A Guide to Antigua, Guatemala: A Candy-Colored City Framed by Volcanoes

Hello Fintech Friends,

Today's newsletter is brought to you by Faraz Rana our friends at Affinity, building a new compliance training platform for BaaS, banks, and fintechs.

Fintech Fund portfolio company Walnut is also looking to hire a New York-based Designer. Walnut is on a mission to empower patients to get the care they need by making healthcare simpler, faster, and more affordable. Let us know if you'd like to get in touch by replying to this email!

To all our southern readers, join us in Charlotte tomorrow for our Southeast Women in Fintech Happy Hour:

Southeast Women in Fintech Happy Hour with Wells Fargo & TWIF · Luma
Who: Our Charlotte Fintech Founders, Operators & Investors Community What: Kick off Venture135 and Global Entrepreneurship Week with drinks and light bites When: November 13th from…

And to everyone else, we hope to see you at the Fintech Formal:

RSVP — The Fintech Formal

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

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📖 Reads of the Week

More banks are turning to fintech companies as partners and portfolio companies as they look to stave off competition from big tech. A recent survey of 300 banks showed that 40% saw tech giants as their biggest competitors in the next five years.

Meanwhile, European regulators are cracking down on embedded finance and banking-as-a-service providers, which is worrying to European fintechs.

Fintech investment bank FT Partners published their Monthly Fintech Market Updates & Analysis.

☯️ Exits
💻 IPOs & SPACs
  • Circle, the crypto issuer of the stablecoin USDC, plans to go public via IPO in 2024. It was valued at $9 billion when it attempted to go public via SPAC in 2022. USDC is one of the world's largest stablecoins, with $24 billion in circulation.
  • Prepaid card provider Netspend, a 25 year-old fintech company that was previously public, plans to spin out and go public again.
  • Swedish buy-now-pay-later giant Klarna is also moving towards an IPO, on the heels of $550 million in revenue and its first profitable quarter.

🤝 M&A - Fintech
  • Publicly-traded fleet billing and payments provider FleetCor announced their acquisition of PayByPhone, a global provider of digital parking payment solutions.
  • Italian payments giant Nexi sold its Nordic eID business to French company IN Groupe for €127.5 million.
  • Public business billing company is reportedly close to a deal to acquire Israel-based digital payments provider Melio in a $1.95 billion cash and stock deal, though Bill has denied reports of the acquisition.
  • Digital wallet and financial coaching provider Bond.AI acquired Elastech, a technology-as-a-service provider.
  • Fintech card provider Point Card acquired LGBTQ+ bank Daylight.

🏦 M&A - Bank and FinServ
  • Goldman Sachs is reportedly looking to spin off its General Motors credit card business to an external buyer.
  • Investment bank Houlihan Lokey is in talks to acquire private equity placement agent Triago.
  • UAE-based asset manager Dubai Investments acquired an additional 7.7% in UK publicly-listed neobank Monument Bank, increasing its stake to 16.9%.

🌎 Fintech Around the World
How regulation and consumer behavior drives fintech growth in Africa
Wiza Jalakasi, Ebanx’s director of Africa market development, discusses the opportunities in African fintech.

Comparison of India's Account Aggregators Finvu vs Anumati vs OneMoney

Brazil is Not for Beginners

The State of Inclusive Instant Payment Systems in Africa

Low on cash, African tech braces for an extended wave of startup closures

📚 Deeper Reads & Features

B2B payments aren’t payments, they’re workflows

What the new CFPB proposal could mean for fintech

A Bank Failure in Iowa

How a Banking Capital of the World Botched Its Own Banking Rules

Big Banks Cook Up New Way to Unload Risk

Fed official: Stablecoins pose a threat, but could present innovative opportunities

Credit card companies charged $105B in interest in 2022 while consumer debt climbed

Millennials led the consumer fintech revolution post-2008. Here’s why Gen Zers are about to do the same

Gaming – The Next Big Opportunity in Fintech?

Amazon and Walmart Square Off Over Buy Now, Pay Later

Fintech Investors Are Still Funding: How B2B Fintech Unlocks Capital

Commercial Lending: Venture Loans to Companies in an Early, Expansion, or Late Stage of Corporate Development

Fintech and data synergy for advancing UK SMEs

The Fintech Files: A sterling effort from JPMorgan’s blockchain arm

How Dogs Help Us Lead Longer, Healthier Lives

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