This Week in Fintech (3/6)

Hello Fintech Friends,
If you know an epic sales or business development person in fintech looking for a side hustle that will connect them to the fintech ecosystem, our Head of Revenue role may be for them!
You might notice the format looks a little different; because the Saturday edition of the newsletter has been overflowing and breaking inboxes, we’ll start breaking news out into 3 emails each week:
- Friday: Product launches and headlines
- Saturday: Financing events
- Sunday: Exits and deeper reads

Please find another week of fintech exits below.
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☯️ Exits
💻 IPOs & SPACs
- German neobank N26 plans to IPO this year.
- Roxe, a bitcoin payments solution provider, announced plans to go public.
- Serendipity Capital, an Asian SPAC focused on the fintech space, withdrew its $250 million IPO plans.
🤝 M&A - Fintech
- Private equity firms Goldfinch and Baupost acquired Convera, formerly Western Union Business Solutions, for $910 million.
- Credit bureau Transunion announced that it will acquire analytics firm Verisk Financial Services for $515 million.
- Australian buy-now-pay-later provider Zip confirmed that it will acquire its American counterpart Sezzle for A$491 million
- Morocco B2B commerce platform Chari will acquire credit line provider Axa Credit for $22 million.
- Travel and corporate card provider TripActions announced its acquisition of Swedish travel management company Resia AB.
- Payments software provider Shift4 will acquire both Finaro, a European cross-border payments platform, and The Giving Block, a cryptocurrency fundraising tool for nonprofits.
- KYC provider Boku Identity will be sold by Boku to Twilio.
🏦 M&A - Bank and FinServ
- In the continued trend of banking mega-mergers for the past year, Canada’s TD Bank announced that it will acquire the US’ First Horizon Bank for $13.4 billion.
- Huntington Bank in Ohio agreed to acquire investment banking firm Capstone Partners.
- Asian insurer AIA Group will sell its Australian savings and investment business to Resolution Life.
- British Columbia Investment Management Corp took a stake in fund management provider Zedra.
Shameless plug for our events, at www.fintechhappyhour.com -
🌎 Fintech Around the World
UK open banking users surpass 5m amid fintech boom
FinTechs that began in Chile are expanding throughout LatAm
Virtual Lenders Shake Up Hong Kong’s Banking Industry
A Swedish nonprofit is creating the largest startup hub in east Africa
Russia's Ukraine invasion and the fintech industry
US investors pile into European rounds at record pace
Egypt: Fintech's Next Big Opportunity
Why 2022 could be a boom year for Nigerian retail investment apps
How are Afghans using crypto under the Taliban government?
📚 Deeper Reads
Fintech Succeeds Despite Hard Times
Fintech Founders & Funders Having Fun on a Flight with The Flip
How female investors are “future-proofing” their finances in 2022
How Fortune 500 behemoth American Express quietly became a venture capital powerhouse
Collaboration Is The New Fintech Model
Fintech Roundup: More female founders in fintech? Yes, please
The longer term impact of the SWIFT ban on Russian banks
What’s Next In podcast: Two Black fintech founders on access, opportunity and bad advice
The Growing Domination Of Chime, Cash App, And PayPal In Banking
Fintech is a tremendous community and it’s not getting services it needs’
Embedded Finance Is Fueling A $25 Billion ‘Banking As A Service’ (BaaS) Opportunity
FIS’ 2022 Global Payments Report
These fintechs are key to Wall Street's adoption of crypto, according to top VCs
British zoo hopes that music by Marvin Gaye will put monkeys in the mood
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