Xero drops $2.5B on Melio to make accounting pay off (TWIF 10/19)

PicPayplansfor a U.S. IPO as the Brazilian mobile banking app seeks to raise up to $500 million.

Exzeoplans for a U.S. IPO, where the insurance fintech aims to raise $176 million at a $2 billion valuation.

White Pearl Acquisition Corp.filedfor a $50 million SPAC IPO targeting fintech and information technology businesses.

Xero acquired Melio, a U.S. SMB bill pay platform, for $2.5 billion to unite accounting and payments in a single platform for U.S. customers.

SS&C Technologies acquiredCalastone, a UK-based global funds network, in a $1 billion deal.

Ripple acquired GTreasury to enter the corporate treasury software market and expand its offerings into liquidity management.

Revolut acquired Swifty, an AI travel-assistant startup incubated at Lufthansa Innovation Hub, to enhance its loyalty and lifestyle products.

Payrocacquired BlueSnap, a payments and AR-automation platform, to expand its cross-border payments and invoicing capabilities.

First Citizensagreed to acquire 138 BMO branches across 11 U.S. states, assuming over $5.7 billion in deposits and $1.1 billion in loans.

BTG Pactual announced a merger with Banco Pan in Brazil to incorporate shares of Banco Pan, making Banco Pan an indirect wholly-owned subsidiary.