Hello Fintech Friends,
Today's newsletter is brought to you by our friends at Alchemy.
Please find another week of fintech exits and deep reads below.
Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm
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The platform that powers blockchain infrastructure for Stripe, Robinhood, Visa, and Circle just published a free playbook for banks. In this book, Alchemy breaks down how institutions already in production built their stablecoin and tokenized deposit stacks — infrastructure decisions, compliance architecture, and the revenue models actually working.
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News coverage written and provided by Rachel Chang.
Reads of the Week
Read the Financial Action Task Force (FATF)’s targeted report:
Exits
IPOS & SPACS
PayPay set terms for a $1 billion Nasdaq IPO targeting a $13.4 billion valuation, as the SoftBank-backed Japanese super app with 72 million users across payments, banking, and investing, eyes to be the largest U.S. listing by a Japanese company ever (ticker: PAYP).
M&A and Fintech
Flowpay acquired Tapline to expand its SME financing platform into Germany and the UK, adding Tapline's revenue-based financing model for AI and SaaS companies.
Visa closed its acquisition of Prisma and Newpay, completing its purchase of the two Argentinian payment processors from Advent International.
Verdane/BidCo agreed to acquire Augmentum Fintech, in a £185.7 million recommended cash takeover of the London-listed fintech growth capital investor, whose portfolio includes Zopa, Tide, iwoca and Volt.
Lee Equity Partners acquired KCIC, expanding the private investment firm’s services with the DC-based consulting firm specializing in complex tort-system liabilities, insurance asset management, and litigation risk analytics.
Concord acquired Finley Technologies, a credit facility management software firm, expanding its credit administrations servicing and software.
FundBank acquired Trrue Chain, an Irish blockchain start-up, for €10 million ($11 million) to strengthen the Cayman Islands-based financial institution’s presence in Europe.
iAltA Holdings acquired Delio for an undisclosed sum, adding the white-label private markets operation systems provider for asset managers and wealth firms.
M&A - Banks and Financial Institutions
Advent International acquired tbi bank following the European Central Bank’s (EBC) regulatory approval, adding 2.7 million customers across Bulgaria, Romania, and Greece to its portfolio.
Brink's agreed to acquire NCR Atleos, an ATM operator with a network of 78K ATMs, in a $6.6 billion cash-and-stock transaction, creating a combined company expected to serve customers across 140+ countries.
J. Safra Sarasin acquired a 71% majority stake in Saxo Bank, appointing Daniel Belfer as the new CEO of the Denmark-based investment and trading platform.
SPONSORED
The platform that powers blockchain infrastructure for Stripe, Robinhood, Visa, and Circle just published a free playbook for banks. In this book, Alchemy breaks down how institutions already in production built their stablecoin and tokenized deposit stacks — infrastructure decisions, compliance architecture, and the revenue models actually working.
Download the free playbook →
Want to sponsor a newsletter? See our sponsorship information here.
