This Week in Fintech (5/8)

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Please find another week of fintech exits below.
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☯️ Exits
- Neobank Revolut ruled out going public in 2022 amid the IPO slowdown.
🤝 M&A - Fintech
- ICE, the parent of the New York Stock Exchange, announced that it will buy mortgage lending software provider Black Knight for $16 billion.
- Truist, the 6th-largest bank in the US with $488 billion in assets, acquired Long Game, a 12-person team building a gamified financial mobile app for younger consumers.
- Coinbase ended talks to buy Mercado Bitcoin, a $2 billion Brazilian crypto exchange.
- Dutch neobank Bunq announced that it will acquire group expense management mobile app Tricount.
- Private equity firm Fourshore Partners acquired lender Celtic Capital.
🏦 M&A - Bank and FinServ
- Itau Unibanco, a Brazilian bank, announced that it will acquire an 11% stake in Brazilian brokerage XP for $1.6 billion.
- Financial conglomerate LPL Financial will acquire People’s United Bank to add to its brokerage and advisory platform.
- Investor services provider IQ-EQ acquired Irish fund management business Davy Global Fund Management.
- First Century Bank walked away from its planned merger with First Internet Bank.
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🌎 Fintech Around the World
Zimbabwe cracks down on mobile money to discourage US dollar uptake
Inflation Forces Budget-Squeezed Americans to Ask Family and Friends for Loans
Why Fintechs Supporting SMBs Are Crucial To The LatAm Economy
When Sri Lanka’s crisis exploded, some were ready with generators and cryptocurrencies
📚 Deeper Reads & Features
Inside the scandal at Flutterwave, Nigeria’s fintech champion
Mega-unicorn Stripe is mulling an IPO. The $95 billion company's listing would be a big deal.
Use of CFPB's "Dormant" Authority May Mean More Name & Shame
Fintech sector’s overreliance on chatbots is a mistake
How Lydia wants to make payments more personal and social
MercadoLibre aims to ‘democratize finance’ with payments app
Inclusive fintech is hard to do right, so Line has a different direction
Could Web3 be backwardly compatible with Fiat?
Gemini’s global state of crypto report
Secure Remote Commerce – May 2022
Celo: Building a Regenerative Economy
Systemic risks of cryptocurrency adoption by traditional finance according to crypto institutions
Buy-now-pay-later is driving Gen Z into debt
The $7 Trillion Embedded Finance And BaaS Gold Rush
Why Gig Economy Has Become a New Trend in Fintech
Say hello to Klarna’s little brother — B2B BNPL
Kicking off Squirrel Week 2022 with some squirrels in the news
Have a news item for us? Reach out to news@thisweekinfintech.com.
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