PayU is contemplating a $7B IPO in '25 (TWIF 11/24)

Software company ServiceTitan filed for an IPO on the Nasdaq under the ticker "TTAN". Founded in 2013, it develops end-to-end software for home service industries like HVAC, plumbing, and electrical services. The company reported $348 million in revenue for the first half of 2024, reflecting a 26% increase year-over-year, but also incurred a $92 million net loss. It was last valued at $9.5 billion in 2021. (For more details, see Alex Clayton's great S-1 breakdown here.)

Prosus, a Netherlands-based investment firm, is considering an IPO for its fintech arm, PayU, at a valuation from $5 to $7 billion. This decision follows the successful public listing of Swiggy, another Prosus-backed company. PayU operates in multiple markets, offering payment and credit services, and has been expanding its reach, particularly in emerging economies​

FG Merger III, a fintech-focused SPAC, withdrew its $150 million IPO.

RobinhoodpurchasedTradePMR, a custodial and portfolio management platform for registered investment advisors, for $300 million, aiming to enhance its services for wealth management clients​.

Celero CommerceacquiredPrecision Payments for an undisclosed amount, expanding its offerings in the payments sector​.

ModulracquiredNook, a provider of accounts payable automation, to strengthen its payment solutions for businesses.

Crypto.combought Australian brokerage and trading firm Fintek Securities, making a strategic expansion into the securities space​.

Paxos, a stablecoin issuer, agreed to acquire Membrane Finance, a Finnish fintech, to support its entry into the EU market​.

SolomonEdwardsacquiredDominion Advisory Group, bolstering its capabilities in financial services risk and compliance consulting​.

MakeMyTripacquiredHappay, a business expense management platform, from Indian fintech Cred, as part of its broader strategy to grow in the corporate travel segment.

Brazilian fintech infrastructure provider CelcoinpurchasedCobranSaaS, a provider of loan and debt collection management solutions, to broaden its financial services offerings​.

Barclaysis negotiating a deal to divest 80% of its stake in its merchant acquiring business, aiming to streamline its operations while maintaining some influence over the unit. The new arrangement would allow Barclays to retain a minority stake while partnering with a third-party buyer to manage the business.

Bahrain-based private equity group Investcorp and Canadian pension fund PSP Investments are buyingPKF O’Connor Davies, the 25th largest accountancy firm in the US by revenue.