This Week in Fintech (5/29)

Hello Fintech Friends,
I’d like to officially welcome our new Policy Editor, Mohammed Hamdy, who just published the first post of our new Fintech Policy Edition!
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Please find another week of fintech exits below.
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☯️ Exits
💻 IPOs & SPACs
- UK neobank Atom Bank is considering a New York Stock Exchange SPAC merger at a $700 million valuation.
- Global bank HSBC is considering an IPO of its Indonesian business.
🤝 M&A - Fintech
M&A is coming for DeFi protocols as market conditions change.
Crypto exchange giant FTX is reportedly eyeing multiple acquisition targets in the stock brokerage space, following its US stock trading launch with provider Embed.
- Southeast Asian embedded finance firm Matchmove acquired e-commerce platform Shopmatic for $200 million.
- UK revenue intelligence platform Paddle acquired analytics tool builder ProfitWell for $200 million.
- Yieldstreet partnered with Haven Realty Capital to acquire a build-to-rent community in Chattanooga for $29 million.
- Blockchain analytics firm Nansen acquired NFT tracker Ape Board for an amount in the $10mm’s.
- Alternative investing platform iCapital announced that it will acquire financial advisory platform SIMON Markets.
- Australian private equity firm BGH Capital took a 20% stake in church payments group Pushpay.
- Private equity firm L Catterton took a minority stake in Mexican financial institution Crediclub.
- Private equity firm Ares took a minority stake in tax and accounting software provider Ryan at a $2.5 billion valuation.
🏦 M&A - Bank and FinServ
- Private equity firm DPI will pay €60 million for a minority stake in the Ivory Coast financial services firm Groupe Cofina.
- Saudi’s prince Alaweed bin Talal has signed an agreement to sell 16.87% of investment and financial services firm Kingdom Holding to the PIF.
- Mastercard acquired a stake in threat prevention company Picus Security.
- Credit Agricole Italy expressed interest in investing in the insurance business of France’s Banco BPM.
- Citigroup is in talks to buy Deutsche Bank Mexico, which is winding down, for its banking license.
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🌎 Fintech Around the World
Brazilians are adopting digital payments faster than anyone else — what lessons can we learn?
Nigeria wants banks, startups, and retailers to share customer data
Here come the virtual credit cards
Understanding MTN Nigeria's Payment Service Bank (PSB) License
Central Bank Governor Ends Bid to Become Nigeria’s President
Philippine Fintech market forecast to reach $44 billion
📚 Deeper Reads & Features
The Era of Borderless Data Is Ending
A 900% Jump in Hedging Costs Looms Over Commercial Mortgages
How Not to Run a Cryptocurrency Exchange
Stripe and Plaid suit up for battle
The US Fintech Subscription Economy: $13 Billion ARR And Growing
Amateur Investors Rode the Bull Up. Now the Bear Looms.
Start Ups in a Downturn: Key Actions
The Three-Body Problem: Finding the New Stable Points in Venture Capital
VС’s View On Fintech And B2B Payments Infrastructure Startups
The Banking Battleground 2022: Finding the Opportunities
Fintechs launch crypto, cash-back rewards for college to help parents save for their kids
The right lessons from Terra's $40B collapse
Terra’s meltdown highlights benefits of CEX risk-management systems
IMF head says stablecoins not backed by assets are a ‘pyramid’
The Current State of Under-Collateralised Lending in DeFi
Metaverse Real Estate – Next Big Thing or Next Big Boondoggle?
Meet The Fintech Founders And Startup Investors On The 2022 30 Under 30 Asia List
Frogs Keep Mating With the Wrong Things
Have a news item for us? Reach out to news@thisweekinfintech.com.
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