This Week in Fintech (4/17)

This Week in Fintech (4/17)

Hello Fintech Friends,

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Please find another week of fintech exits below.

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☯️ Exits

🤝 M&A - Fintech
  • UK fintechs FIBR, an online lender to businesses, and ANNA, a business account provider, are struggling to find acquirers following sanctions on their Russian backers.
  • PolySign, which provides infrastructure for digital asset investments, acquired cryptocurrency fund administrator MG Stover.
🏦 M&A - Bank and FinServ
  • French bank Societe Generale divested its Rosbank stake to Russian oligarch Vladimir Potanin in order to exit Russia and avoid sanctions, taking a €3 billion markdown on the sale.
  • Goldman Sachs acquired Dutch alternative investment asset manager NN Investment for €1.7 billion.
  • Insurance giant Axa is in early talks to buy Italian bank Banco BPM’s insurance business for €1.5 billion.
  • UK mortgage brokers London & Country and Habito are exploring a potential mortgage industry mega-merger.

Source: FT Partners

🌎 Fintech Around the World

Why Africa’s digital payment landscape is still highly fragmented

📚 Deeper Reads

How to launch an online bank🚀

FT Partners’ Monthly Fintech Market Map

Big Tech is Now Focused on Financial Services

The Future Of The US And The UK: Regulations, Innovation And Investment

Putting The “Green” Back Into Greenbacks With Climate Fintech.

The Role of Identity and Trust in eCom

VС’s View On Fintech And B2B Payments Infrastructure Startups

Axos Financial, the bank giving the Trump Organization loans

Building an insurtech platform that scales from Fintech to DeFi, with Cover CEO Karn Saroya

A "recession shock" is coming, BofA warns

Flutterwave: The African Unicorn Built On Quicksand

Flutterwave’s CEO is under scrutiny over allegations of financial misconduct

Fact-checking 2 major allegations against Olugbenga Agboola

How And Why Fintech Embraces Blockchain

Why DeFi Should Make Markets Like Wall Street Banks

Fintech Brex bets big on software, lands DoorDash as a customer

Acceptance Hurdles

Fed-up locals demand hundreds of pigeons are killed for 'terrorizing' shoppers

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