Hello Fintech Friends,
Today’s newsletter is brought to you by our friends at Modern Treasury.
I'm still feeling the energy from our first-ever Mexico Fintech Week.
The CDMX fintech community is unmatched – it was great to bring together 2,500+ founders, builders, and investors for 5 days that ranged from an art auction, to a comedy roast, to running clubs, to a night at the museum.
A huge shout-out to our LatAm team, especially organizers Ramon Escobar, Jox Gallardo, and Irving Balbuena.
🇲🇽 We will be back for another MFW soon! More details to come, along with photos, videos, and memories from this week.
💬 Keep the conversation going in our CDMX WhatsApp Group.
Who wants to partner on the next one?
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
SPONSORED
Modern Treasury has launched Payments, an integrated payment service provider (PSP) built for both fiat and stablecoins. With a developer-first API, multi-rail support (ACH, wire, RTP/FedNow, push-to-card, stablecoins), and real-time reporting powered by a single, immutable ledger, teams can go live in days—not months. Supporting companies of any size, you can start with the PSP and scale forever on the same platform trusted to process $400B+ in payments.
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News coverage written and provided by Rachel Chang.
Read of the Week
Exits
IPOs & SPACs
RedotPay plans for a $1 billion U.S. IPO at a $4 billion valuation, as the Hong Kong-based stablecoin firm focuses on payment solutions.
M&A - Fintech
Visa agreed to acquire Prisma and Newpay from Advent International, acquiring the two Argentinian payment processors.
BillDesk, a digital payments processor, agreed to acquire Worldline's Indian payments business for $60 million.
Araxi, a South African payment infra company, agreed to acquire a majority stake in Pay@ for approx. $62.3 million.
Experian acquired AtData, an email address intelligence fintech, to bolster its identify and fraud capabilities.
Veremark acquired Risk Management Intelligence, a background screening company in Singapore.
Verdane-controlled BidCo agreed to acquire Augmentum Fintech, a UK-listed fintech investor.
Plaid completed a tender offer at an $8 billion valuation, a 31% increase from $6.1 billion in April 2025, to provide employee liquidity.
Capitolis, a U.S. capital markets fintech, agreed to acquire 20 Gates Management's U.S. secured financing platform to expand its capital marketplace.
M&A - Banks and Financial Institutions
Citi sold an additional 24% stake in Banamex for $2.5 billion, as the transaction continues Citi's exit from its Mexican retail banking operations.
Citizens agreed to acquire Matrix Capital Markets Group with the deal expanding Citizens' capital markets and investment banking capabilities.
SPONSORED
Modern Treasury has launched Payments, an integrated payment service provider (PSP) built for both fiat and stablecoins. With a developer-first API, multi-rail support (ACH, wire, RTP/FedNow, push-to-card, stablecoins), and real-time reporting powered by a single, immutable ledger, teams can go live in days—not months. Supporting companies of any size, you can start with the PSP and scale forever on the same platform trusted to process $400B+ in payments.
Want to sponsor a newsletter? See our sponsorship information here.
