Hello Fintech Friends,
This week, JPMorganChase CEO Jamie Dimon said the bank could spend up to $20 billion on an acquisition in the next few years. SoFi became the first U.S. national bank to offer a stablecoin inside a banking app, and First Carolina Financial Services filed for an IPO.
Also, while global fintech IPOs rebounded in 2025, the bar for entry is high, QED Investors Co-Founder Nigel Morris writes.
Meanwhile, CIBC shed its Caribbean arm for $1.6 billion to double down on North America, and a $150 million fintech-focused SPAC listed on the NYSE.
Please find another week of fintech exits and deep reads below.
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Reads of the Week
IPOs & SPACs
First Carolina Financial Services, a $3.4 billion community bank, filed for an NYSE IPO.
Disciplined Growth Acquisition, a blank check company targeting acquisitions in fintech, aerospace, defense, and clean tech with enterprise values of $300 million to $1.5 billion, listed a $150 million SPAC IPO on the NYSE.
M&A - Banks and Financial Institutions
CIBC agreed to sell its 91.7% stake in CIBC Caribbean to Bank of N.T. Butterfield & Son for $1.6 billion in cash and stock, redirecting capital toward North American growth while retaining an approximately 22% minority stake in Butterfield.
TrueLayer, a European Pay by Bank network, acquired in3, a Dutch fintech specialising in consumer credit via bank payments.
JPMorganChase CEO Jamie Dimon said the bank could deploy up to $20 billion on an acquisition in the coming years, signaling an aggressive M&A posture.
