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!

Please find another week of fintech exits below.

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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 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

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