This Week in Fintech (7/10)

This Week in Fintech (7/10)

Hello Fintech Friends,

Will we see you in a couple weeks at our NYC picnic? 🙃

I’ll be traveling for the next week, so the weekly newsletter will be a bit lighter, but see you all for a fintech news deluge on the other side.

Please find another week of fintech exits below.

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☯️ Exits
🤝 M&A - Fintech
  • Global payments firm Worldline acquired an 80% stake in Eurobank’s merchant acquiring business in Greece for €256 million.
  • Banco Sabadell sold its stake in the ‘digital all in one’ platform Nomo, held by its venture arm, to Finnish accounting outfit Talenom.
  • European cryptocurrency trading platform CoinShares acquired digital asset manager Napoleon Asset Management.
  • Giesecke+Devrient, a German banknote printing and cash management service provider, acquired Valid's US payments and identity business.
  • Settlements and clearing infrastructure provider Apex Group will acquire alternative investment depository provider Darwin Depositary Services.
  • Xeinadin, a business advisory practice, acquired Bostockwhite, a UK-based tax, accounting, and business advisory service.
  • Link Financial, an Australian share registry, rebuffed a takeover offer from Canada’s Dye & Durham at $4.30 per share.
  • It was revealed that Swiss crypto lender Nexo entered exclusive talks to buy its troubled rival, Singapore-based Vauld.
🏦 M&A - Bank and FinServ
  • Canada’s TD Bank is looking into acquiring US brokerage firm Cowen, which currently has a market value of $805 million.

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🌎 Fintech Around the World

Chinese Tech Giants Alibaba, Tencent to Require ID Checks for NFT Purchases

Zambia’s Union54 is bringing virtual debit and credit cards to the unbanked

Are Africans ready for WhatsApp banking?

The battle for a share of Zimbabwe’s billion dollar remittance industry

📚 Deeper Reads & Features

Can crypto contagion infect mainstream finance?

MakerDAO and Our Side of History

Every Company is now a Fintech Company

Why the time is right for more immigration-focused fintech

Layoffs could signify the fintech bubble is about to burst

Here’s what’s hot — and what’s not — in fintech right now

Report Highlights Resilience for the Fintech Industry

Mexican mayor weds ‘princess’ alligator in centuries-old tradition for good fortune

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