India's fintech exit bonanza! (TWIF 10/15)

PayU, an Indian payment gateway (based in the Netherlands and owned by South African conglomerate Prosus), plans to ask for regulatory approval in February for a $500 million IPO in India.

US consumer investing app Stash is preparing for an IPO.

Slice, an Indian credit and debit card provider that issued 400,000 cards per month at its peak and was last valued at $1.5 billion, received approval from the Reserve Bank of India to merge with North East Small Finance Bank after acquiring 10% ownership in the bank.

Meanwhile, CRED, the Bangalore-based credit card rewards app, is in talks to acquire mutual fund and wealth management platform Kuvera, which has an AUM of about $1.4 billion.

Payments and financial technology conglomerate Fiserv will acquire Brazilian electronic funds transfer solution Skytef.

Private equity firm Incline Equity Partners sold off its portfolio company ARMStrong Receivable Management, a provider of commercial accounts receivable management.

Pan-African private equity firm Adenia Partnersacquired a majority stake in Enfin, a provider of solar financing solutions in South Africa.

Goldman Sachs finally sold off its embattled consumer lender GreenSky, which it acquired for $1.7 billion, to a consortium led by Sixth Street and KKR for a rumored $500 million.

Antares Capital, a provider of credit to private equity firms, is evaluating an acquisition of its European rival Hayfin.

Citigroupwill sell its China consumer wealth unit to HSBC.

Truist Bank is in talks to sell its entire insurance unit to private equity firm Stone Point for $10 billion.

Germany’s Deutsche Bank completed its takeover of Numis, a UK boutique investment bank.