This Week in Fintech (3/6)

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

Shameless plug for our events, at -

🌎 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

Africa tech grew faster than any other region with 2x the activity of last year and more than 3x the amount invested

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

An argument for DeFi 3.0

Visa’s Interchange Reduction

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