This Week in Fintech (6/19)

This Week in Fintech (6/19)

Hello Fintech Friends,

Did you know the stock market has a secret menu? Premium Content Editor Sophie Vo breaks it down in this week’s Signals edition.

And if you missed it, don’t forget to sign up for Mohammad Hamdy’s new Policy Edition!

Please find another week of fintech exits below.

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☯️ Exits
🤝 M&A - Fintech
  • Accounting and payroll platform Sage will acquire UK cash-flow forecasting provider Futrli.
  • Rewire, a digital wallet for economic migrants, acquired Imagen, an Israeli prepaid card provider.
  • UK neobank Starling Bank is in the process of acquiring a £500 million mortgage book from specialist lender Masthaven.
  • Australian digital payment and lending company Latitude Group will rescind its A$335 million acquisition offer for buy-now-pay-later firm Humm Group.
  • Wealth management tech provider AssetMark is acquiring managed account provider Adhesion Wealth.
🏦 M&A - Bank and FinServ
  • Euronext will acquire Italian payment giant Nexi’s capital markets business for €57 million. Meanwhile, private equity firm AnaCap will acquire Nexi’s digital invoice distribution and bill payment business.
  • Harbourfront, a Canadian wealth management firm, received a strategic investment from private equity firm Audax.
  • Wealth manager Hawksmoor will acquire UK peer Gore Browne.

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🌎 Fintech Around the World

Investors show Latin American fintech startups the money

American Express just made its first investment in an African startup

Why Ethiopia’s local fintechs are worried

The Inflection Point: Africa's digital economy is poised to take off

London ranks as world leading startup hub

📚 Deeper Reads & Features

Fintech Layer Cake Episode 1

JPMorgan Wants to Bring Trillions of Dollars of Tokenized Assets to DeFi

These Fintech Giants Are Still Beating the S&P 500

Top 3 key Fintech developments in Q2 2022

A handy checklist for fintechs considering international expansion

Wirecard: A cautionary tale for fintech

Which Bank Has The Best Mobile Banking App?

Why money in the metaverse is a huge opportunity for banks

The Regulatory Challenges of FinTech

Consumers racking up more debt to pay off BNPL loans

Chris Evans highlights importance of adopting older dogs in new puppy interview

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