Hello Fintech Friends,
Happy Sunday - the team at TechCrunch put together a great overview for the weekend of which fintech unicorns (of which there are many) are most likely to go public this year. Read on below.
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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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📖 Reads of the Week


☯️ Exits
💻 IPOs & SPACs
🤝 M&A - Fintech
Entrust, a provider of certification and verification services for digital and card payments, will acquire digital identity verification provider Onfido for a price ranging from $400 million to $650 million.
International payments provider Worldpay completed its sale from FIS to GTCR.
Indian fintech giant Cred, valued at $6.4 billion, will acquire mutual fund and stock investment platform Kuvera in order to move into the wealth management market. Kuvera currently manages $1.4 billion in assets across 300,000 users.
Meanwhile, Indian payments provider giant Jio Financial said that it is not in talks to acquire Paytm's digital wallet business, which has suffered due to new RBI regulations.
Australian payments infrastructure provider Fat Zebra acquired local open banking technology platform Adatree.
Crypto custodian BitGo acquiredBrassica, an alternative investing infrastructure company. BitGo last raised $100 million at a $1.75 billion valuation.
Hiline, a bookkeeping, tax, and CFO provider, acquiredCalculate, an outsourced accounting and finance firm dedicated to supporting emerging companies.
🏦 M&A - Bank and FinServ
Barclays Bank in the UK will acquire the retail bank of grocer and supermarket Tesco for £600 million. The deal is expected to close later this year.
Amundi, Europe's biggest fund manager, will buy Siwss private markets specialist Alpha Associates, for €350 million – part of a growing trend of investors betting on fast-growing alternative assets.
The tech scene in LA is half “we build a creator economy financing app” and half “we build hypersonic missiles”— Isaac Hasson (@isaachasson) February 6, 2024
Alex Chriss on PayPal $PYPL Q4 2023 earnings call: "...on your question around the tech stack. Look, I'll be transparent. The company has gone through significant growth over the last few years and a lot of acquisitions.
We have not invested enough in creating a single platform.…— Jevgenijs Kazanins (@jevgenijs) February 7, 2024
Despite the growth in online banking, the largest bank in the US is adding to their branch footprint by 20%.
Ppl still tend to bank where there is a branch within 5 miles of their home, even if they rarely use them.
Somehow in 2024 it still makes sense to add branches. https://t.co/NXyK1MTk3l— Sheel Mohnot (@pitdesi) February 6, 2024
accounting tools seem to be the first big battleground for new AI products in fintech pic.twitter.com/YdlFT6C9GG— Nik (@NikMilanovic) February 9, 2024
🌎 Fintech Around the World
📚 Deeper Reads & Features
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