Hello Fintech Friends,
Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)
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📖 Read of the Week
"Walmart has long sought to become a financial powerhouse. But after it acquired a neobank called One in 2022, fraud complaints multiplied and customer reviews cratered."

"From a startup accelerator to funding startups and even investing in telecom companies, Visa and Mastercard are steadily increasing their presence on the African continent."
And A tale of two stablecoins: PayPal USD's market cap compared to that of Ethena USDe, a stablecoin which allows users to stake their holdings.

☯️ Exits
🤝 M&A - Fintech
The UK's Anna.Money acquiredCape, an Australian corporate expense management platform.
Levenue, Europe’s largest revenue-based financing provider, acquiredMidFunder, a Swiss competitor.
Private equity firm GTCR sold off patient and consumer engagement and payment provider RevSpring to healthcare fund Frazier Healthcare Partners.
Bank-to-bank payment provider GoCardless agreed to acquireNuapay, an open banking payment platform.
Trade settlement and execution platform Apex acquiredAdvisorArch, a portfolio management company and modern rebalancer for financial advisors.
Intuit acquired the intellectual property and hired the team from automated revenue reconciliation and financial operations platform Proper Finance.
PublicSq, a publicly-traded sales marketplace that promotes retailers with conservative values, acquiredCredova, a buy-now-pay-later provider for shooting sports and firearms sales, which last year had $15 million in revenue.
Amadeus, a travel and tourism tech provider, acquiredVoxel, a B2B payments solution provider for the travel sector.
Request Finance, a French platform that enables Web3 companies and freelancers to receive, send and convert cryptocurrency payments, acquiredConsola Finance, an Austrian cryptocurrency accounting platform.
Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to €3 billion.
🏦 M&A - Bank and FinServ
The Polish financial regulator is selling VeloBank, Poland's tenth biggest bank by assets, and private equity firm Cerberus is the frontrunner to pick it up.
National Bank of Canada is exploring options including a sale of Cambodia's ABA Bank, which could be valued at more than $2 billion.
*big news* I AM COMING BACK TO FINTECH 🌟🩷
at @crypto, we’re expanding to also cover payments, fintech & digital commerce. so if you remember me from my fintech nerd days of 2017-21, hit me up! i want all your coffee/drinks/lunch/dinner/party reqs and recs 😎— Emily Nicolle (@emilyjnicolle) March 11, 2024
76% of Shopify revenue came from financial services last year.
Embedded finance is undefeated as the best way to drive for SaaS businesses if they solve adjacent customer problems— Simon Taylor (@sytaylor) March 11, 2024
Wow congrats to the Brex team. Bonds upgraded to AA. Strong execution in a tough market. Reasonable spread. Oversubscribed deal.
The more supply there is, the cheaper cost of financing for everyone :) Keep it coming! pic.twitter.com/PBVseqXv8R— Alex Song (@alexsongis) March 11, 2024
What?! 2023 was Fiserv's $FI 38th consecutive year of double-digit adjusted EPS growth. pic.twitter.com/CRzVWG4Y9k— Jevgenijs Kazanins (@jevgenijs) March 14, 2024
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Big if true.
Just over the last two years @twifintech we’ve seen large deals get done, rounds get filled, acquisitions occur, and even (believe it or not) a literal marriage as a result of the community we’ve built.
This from a long time partner of ours recently: https://t.co/kwDNMqKnXY pic.twitter.com/LbGycWVEcp— Alex (@CallMeGillette) January 24, 2024
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📚 Deeper Reads & Features
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