This Week in Fintech (4/24)

This Week in Fintech (4/24)

Hello Fintech Friends,

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Please find another week of fintech exits below.


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☯️ Exits

The UK is anticipating more fintech and fintech/big tech consolidation in the near future.

🤝 M&A - Fintech

  • Corporate spend management fintech Brex acquired Pry Financials, a financial planning software builder, for $90 million.
  • PayU, a “PayPal for emerging markets,” expanded into Latin America through its acquisition of Colombian mobile payments platform Ding and $46 million investment into fintech superapp Treinta.
  • WonderFi, a Canadian crypto ecosystem, continued its acquisition spree with a $30.6 million purchase of crypto trading platform Coinberry.
  • Singaporean cross-border payments provider Thunes acquired a majority stake in anti-money laundering solution Tookitaki for $20 million.
  • Robinhood, the US zero-commission investment platform, acquired UK digital money and cryptocurrency provider Ziglu.
  • Chinese payments giant Ant Group announced its acquisition of Singaporean merchant payments platform 2C2P.
  • Orion, a wealthtech builder for financial advisors, will acquire RedTail, a financial advisor CRM.
  • Insightsoftware, a reporting and analytics software provider, acquired Legerity, a cloud-based accounting software.
  • Versapay, an accounts receivable provider, acquired AR automation platform DadeSystems.
  • Mypinpad, a Welsh payments acceptance and authentication service, will merge with SmartPesa, a Singaporean agency banking solution.

🏦 M&A - Bank and FinServ

  • First Abu Dhabi Bank withdrew its offer for a controlling stake in Egyptian investment bank EFG Hermes.

🌎 Fintech Around the World

Tesla-Backed Startup Made Cheap Power a Debt Burden for the World’s Poorest

📚 Deeper Reads

Central Bank Digital Currency Tracker

Kinetic Money: An Auto-Repaying Loan Protocol

The Universe of Fintech Infrastructure

Google Finance Head: Anything That Can Be Automated, We Strive to Automate

Coinbase makes a token attempt at crypto transparency

The Scoop: Inside Fast’s Rapid Collapse

Investing in Crypto Lending

PIX Brazil – Short Blog

Open Banking and the Internet of Things: a Collaboration for the Future

US Senator Falsely Claims Chime And Digital Banks ‘Make Users Vulnerable To Losing Their Money’

Flutterwave CEO addresses alleged misconduct claims in email to employees

A future without fraud: The latest advances in fintech that keep your money safe

Fintech Roundup: The gloves are off in the spend management space

Mobile money — tracking a decade of innovation and impact

Financial Inclusion in Banking Can Be Improved With AI Says Fintech Industry

eCom Innovation Success – Shop Pay

The Fed is looking to speed up payments

NYC ‘Squirrel Man’ tried to return to his park nest, just to get removed again


Have a news item for us? Reach out to news@thisweekinfintech.com.