This Week in Fintech (5/29)

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!

Sign up for Mohammad’s newsletter to stay on top of all the legal and regulatory news in the fintech and crypto space as it comes out.

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 Last of Lehman Brothers

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

The Collison Brothers Built Stripe Into A $95 Billion Unicorn With Eye-Popping Financials. Inside Their Plan To Stay On Top

Frogs Keep Mating With the Wrong Things

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