Hello Fintech Friends,
If you're in San Francisco this September, come join us on the 18th for our fall happy hour with our friends at Rutter.

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


☯️ Exits
💻 IPOs & SPACs
British neobank Starling Bank, last valued at £2.5 billion in 2022, is searching for a head of investor relations as it preps for IPO.
Global cross-border payments firm Airwallex, which recently hit $500 million in run-rate revenue on the back of $100 billion in annual payments, is getting ready for a 2026 IPO. The company was last valued at $5.6 billion.
FACT II Acquisition, a SPAC led by former executives of Credit Suisse targeting financial services, filed to raise up to $175 million.
🤝 M&A - Fintech
Software conglomerate Roper Technologies announced that it will acquire Transact Campus, a payments provider for universities and healthcare, for $1.5 billion. Transact provides services like payment, identification and commerce for campuses, and is expecting $325 million of revenue in 2025.
Amazon is considering spinning out its Amazon Pay service in India, which processed 72 million transactions in July.
US crypto index fund manager Bitwise expanded into Europe through its acquisition of crypto ETF issuer ETC Group.
Global buy-now-pay-later provider Klarna acquired the assets of bankrupt New Zealand BNPL platform Laybuy.
Communify and Stellex Capital acquired financial data distribution provider Fincentric.
🏦 M&A - Bank and FinServ
Gallatin Point Capital will acquire 15% of the equity of Israel Discount Bank of New York for $150 million.
American private equity firm General Atlantic sold its entire stake worth ₹10.69 billion ($127.40 million) in Indian mortgage lender PNB Housing Finance.
A group of private equity firms led by Sixth Street agreed to buy Credit Suisse’s US mortgage servicing business from UBS.
HSBC is exploring a sale of its South African business so that it can focus on Asia.
Taiwanese conglomerate Shin Kong Financial Holding, which has insurance, brokerage and underwriting businesses, saw its shares surge on reports that it will be acquired by a larger institution.

This article on sports gambling is devastating and is an interesting exploration of how we frame money.
1. The paper claims to have found evidence that for every $1 spent on sports gambling reduces net investments in stocks and other financial instruments dropped by just over… pic.twitter.com/ujbDgTjf5c— Kyla Scanlon (@kylascan) August 17, 2024
📺
Sponsored Content
A New Way To Create Real-Time Digital Experiences
Are you trying to launch innovative digital products and services but you or your sponsor bank's inflexible legacy infrastructure is holding you back? You are not alone. It's a common problem for fintech and financial institution executives.

🌎 Fintech Around the World

📚 Deeper Reads & Features
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