This Week in Fintech (6/26)

This Week in Fintech (6/26)

Hello Fintech Friends,

Please find another week of fintech exits below.

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☯️ Exits
💻 IPOs & SPACs
  • Roxe, a blockchain-based payments company, entered an agreement with SPAC Goldenstone Acquisition to go public at a $3.6 billion valuation.
  • Paya, a payments company that went public through a 2020 SPAC, is exploring an acquisition.
🤝 M&A - Fintech
  • Embed *, a microservices based neo-settlement and clearing software for exchanges, was acquired by FTX.
  • FTX also acquired Canadian crypto exchange Bitvo.
  • Remote payroll platform provider Deel offered to buy Asia-focused payroll firm PayGroup for A$119 million.
  • Nuveen and Maj Invest Financial Inclusion Fund acquired a majority stake in Peruvian multi-bank payment network GloboKasNet.
  • MetaCompliance, a compliance platform for financial institutions, acquired MOCH, a Danish cybersecurity provider.
🏦 M&A - Bank and FinServ
  • UK bank Barclays will acquire British lender Kensington Mortgage for £2.3 billion from Blackstone and TPG.
  • Danish bank Jyske Bank will acquire Handelsbanken’s Danish unit for $10 billion.
  • Private equity firm Solomon Capital announced its acquisition of financial advisor Beaufort Group.
  • French bank BNP Paribas announced an interest in taking over Dutch state-owned bank ABN Amro.
  • Private equity firms Astorg and Epiris signaled an interest in acquiring financial publisher Euromoney Institutional for £1.6 billion.

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🌎 Fintech Around the World

College hackers in Kenya are converting stolen money to bitcoin

Tanzania is trying to get people to ditch cash for good

📚 Deeper Reads & Features

Surging Use of Digital Wallets Threatens Traditional Credit Card Market

Have banks fixed their structured products problem?

Reflections on ‘Earn’

Money management apps flourish as consumers face cost of living crisis

Learning to notice the shape of Liquidity, and its impact (e.g., stETH, Celsius, 3AC)

Reimagining Financial Services for Incumbents and Fintechs & How Embedded Finance Will Transform the Industry

Improving consumer credit: A deep dive into the FCA’s recommendations for Fintech

Investors Scramble to Get a Grip on Depth of Three Arrows’ Trouble

How Robinhood’s fairy tale started to unravel

Blockchain, PayPal, Binance US and Race Capital on What’s Next for Crypto

Banking uses 56 times more energy than Bitcoin

Best 10 fintech startups to look out for with solutions worldwide 2022

Welcome to wild Britain: the beavers are back and there’s more to come

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