Hello Fintech Friends,
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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
Exits
IPOs
PayPay jumped ~19% in its March 12 Nasdaq debut, opening at $19 after pricing its IPO at $16, raising ~$880M and valuing the SoftBank-backed Japanese digital wallet at $13 billion (ticker: PAYP).
Suma Acquisition Corp. priced a $150 million SPAC IPO on Nasdaq targeting technology-enabled middle-market businesses valued at $400M–$800M (ticker: SUMA).
Vernal Capital Acquisition increased its offering by 67% ahead of a $100 million US SPAC IPO, targeting businesses across the Asia-Pacific region (ticker: VECAU).
M&A - Fintech
OakNorth acquired Monite, a Berlin/London-based embedded finance provider, for an undisclosed sum, gaining capabilities in invoicing, bill payments, expense management, and cash flow analytics for B2B platforms.
M&A - Banks and Financial Institutions
RBC acquired Pinch Financial, a Toronto-based digital mortgage platform that enables lenders and real estate partners to pre-qualify borrowers and generate verified mortgage applications.
Crédit Agricole Ukraine agreed to acquire Bank Lviv, an SME-focused Ukrainian bank with 37K+ retail clients and 8.4K SME clients, in an undisclosed deal expected to close mid-2026.
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