This Week in Fintech (7/17)

This Week in Fintech (7/17)

Hello Fintech Friends,

Please find another week of fintech exits below.

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☯️ Exits
💻 IPOs & SPACs
  • Wentworth Management, a broker-dealer aggregator, will go public through its combination with the Kingswood Acquisition SPAC at a $208 million enterprise valuation.
  • Finu, a UK fintech group, listed on the London Stock Exchange’s AIM segment at a valuation of approximately £53 million.
🤝 M&A - Fintech
  • Private equity investor First Trust Capital Partners will acquire direct indexing provider Veriti Management.
  • Restaurant payments platform Toast will acquire employee scheduling app Sling.
  • UK prepaid debit card provider GoHenry acquired French teen banking app Pixpay.
  • Private equity firm Strategic Value Partners acquired asset management platform Deucalion.
  • Australian buy-now-pay-later provider Zip terminated its proposed merger deal with rival Sezzle.
🏦 M&A - Bank and FinServ
  • Kuwait Finance House will acquire Bahrain’s Ahli United Bank for $11.6 billion.
  • Bank ING spun out its digital asset custody platform Pyctor to market operator GMEX.
  • Investment bank Piper Sandler will acquire tech investment bank DBO Partners.
  • Pro-labor president of Mexico, Andres Lopez Obrador, is attempting to block Citibank’s sale of its Banamex unit to avoid mass firings.
  • Indonesia’s state-owned Bank Negara Indonesia is considering selling a stake in its life insurance unit.
  • Thai bank SCB x PCL is considering selling its $1.5 billion asset management unit.
  • Australia and New Zealand Banking Group is in talks to purchase accounting software maker MYOB from private equity firm KKR for over A$4 billion.

🌎 Fintech Around the World

There’s a secret hub for fintech talent: Look south (to Atlanta)

📚 Deeper Reads & Features

As Regulatory Scrutiny of BaaS Grows, Rumors Swirl

Crypto-Assets and Decentralized Finance through a Financial Stability Lens

Demystifying the Terra debacle

Golden Retriever Trying To Play Frisbee With Newborn Puppies Goes Viral

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