This Week in Fintech (7/31)

This Week in Fintech (7/31)

Hello Fintech Friends,

Calling all LatAm Fintech Readers! If you’re not getting Christine’s weekly overview of all the fintech news from Latin America, you’re missing out: Subscribe here. (And manage which newsletters you’re subscribed to here.)

Also, if you haven’t yet checked it out, our new Policy Edition breaks down the (incredible amount) of fintech regulatory news from the last week.


Please find another week of fintech exits and deep reads below.


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☯️ Exits
💻 IPOs & SPACs
  • Treasure Global Inc., an e-commerce platform that includes affiliate rewards and consumer cash-back options, plans to raise $15 million in an upcoming IPO at an $82 million market cap.
  • GloriFi, an American values-focused neobank, plans to go public through a combination with SPAC DHC Acquisition Corp at a $1.7 billion valuation.
🤝 M&A - Fintech
  • Tietoevry a Finnish IT services provider that also operates its own banking unit, is considering spinning off Tietoevry Banking, which has annual revenue close to €500 million and around 3,600 employees covering 400 global customers.
  • French small business banking platform Qonto plans to acquire German counterpart Penta to pursue serving 1 million customers.
  • Insurance provider Integrity Marketing Group is acquiring financial planning and insurance rival Annexus Group in a mega-merger.
  • Crypto giant FTX is in talks to acquire South Korean crypto exchange Bithumb, as part of its plan to deploy 'hundreds of millions' to backstop the struggling crypto industry.
  • Activist investor Elliott Management is ramping up its stake in PayPal, leaving many to speculate that it will push for stricter cost-cutting measures at the financial services giant.
🏦 M&A - Bank and FinServ
  • US digital bank holding company American Challenger terminated its proposed plan to acquire Patriot National Bancorp, accompanied by an $875 million fundraise and recap.

🌎 Fintech Around the World

Pix revolution: how instant payment put Brazil at the forefront of global financial innovation

The global downturn is real, but the allure of Africa’s digital markets hasn’t changed

With +125% YoY quarterly growth, Africa is the only continent not to record a significant YoY contraction this quarter

This €110 million VC fund for Africa is now prioritizing startups that can break even quickly

India is tapping blockchain technology for overseas payments

Green finance could be bright and robust strand of growing India-US ties

📚 Deeper Reads & Features

These startups want to make credit scores a thing of the past

‘Buy Now, Pay Later’ Looks to Healthcare for Shot in the Arm

Looks like (some) neobanks will be OK after all

Technologies and behaviors that have emerged in crypto, and the real world use cases that might benefit from them

The best bear market plan? ‘Relentless optimism for the future,’ says fintech CEO

Should Robinhood, Voyager, and BlockFi sell to FTX?

The opportunities in the Web3/DAO CFO tech stack, compared to its Fintech counterparts

What you need to know about Cyber-security in the Fintech World

Neobanks – the State of Play in 2022

Stitch: The anatomy of a crypto tech stack

The Crypto Banking System

The 10 Biggest Fintech Companies In America In 2022

Injured Florida baby dolphin rescued from crab trap


Have a news item for us? Reach out to news@thisweekinfintech.com.