This Week in Fintech (5/1)

This Week in Fintech (5/1)

Hello Fintech Friends,

We’re excited to announce the addition of Helen Femi Williams to the team to run our podcast and audio content! Helen brings a wealth of experience to the team from her work as a journalist at Lendit Fintech and the host of her own podcast, Let’s Get Litical.

Ever wanted to be a guest on a This Week in Fintech podcast? Reach out! helen@thisweekinfintech.com

Please find another week of fintech exits below.


If you’re looking to hire from a group of 10,000+ smart, motivated fintech professionals, come pick up a Collective Pass and post a job here.

If you’re looking for your next adventure at one of the best fintech companies, check out the open roles here and sign up to be matched with Fintech companies here!


☯️ Exits

💻 IPOs & SPACs

  • Crypto exchange Blockchain.com is prepping for an IPO at a $14 billion valuation.
  • Chenghe Acquisition, a SPAC targeting fintech in Asia, priced a $100 million IPO.

🤝 M&A - Fintech

  • Payroc, a payment processor, acquired omnichannel ISV payment solution provider Worldnet.
  • UK financial services group Britannia acquired cryptocurrency trading firm Alphaplate.
  • NFT marketplace Opensea acquired Gem, an NFT aggregation service.
  • Cross-border money movement platform Nium acquired Socash, a Singaporean alternative payments network.
  • Signicat, a Norwegian identity and KYC provider, acquired fraud detection platform Sphonic.
  • Private equity firm Nexa Equity acquired Choice, a global payments platform.
  • Cennox, an ATM provider, acquired a group of Dutch cash-out companies: Lincsafe, Merlin, Cashtester and Secusystems.

🏦 M&A - Bank and FinServ

  • Private equity firm Annaly Capital is selling its middle market lending portfolio to fund Ares for $2.4 billion.
  • Japanese banking conglomerate Sumitomo is looking to acquire a stake in investment bank Marathon Capital.

🌎 Fintech Around the World

USSD needs more disruption in Africa

📚 Deeper Reads

The Impact of Fintech Lending on Credit Access for U.S. Small Businesses

The Financial Health Network’s FinHealth Spend Report 2022

Silo Protocol: A Non-Custodial Lending Protocol for Permissionless Money Markets

How can banks deal with the new fintech competition?

Washington Capitals host puppy class for future guide dogs


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