This Week in Fintech (9/11)

This Week in Fintech (9/11)

Hello Fintech Friends,

🎙️ This week on our podcast, Helen sits down with Giorgio Giuliani, product lead for UK merchant fintech provider SumUp, and talks through his philosophy of life. Give it a listen here!

(Psst - if you don’t have your Fintech Formal tickets yet, what are you waiting for?)

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

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☯️ Exits
💻 IPOs & SPACs
  • AIG will spin out and list its life and retirement investment unit, Corebridge, for $1.9 billion.
🤝 M&A - Fintech
  • Private markets investing platform Republic acquired crowdfunding platform Seedrs for £86.5 million.
  • Wave Financial, a US digital asset manager, bought a minority stake in Swiss crypto assets firm Criptonite Asset Management.
  • Australian payments firm Tyro Payments rejected an A$660 million takeover offer from a consortium of private equity investors that it claims undervalue the company.
  • Private equity firm FFL Partners is selling its stake in outsourced CFO and accounting services provider Accordion to Charlesbank Capital Partners and Motive Partners.
  • Indian regulators approved fintech giant PayU’s previously disclosed $4.7 billion acquisition of payments gateway Billdesk.
🏦 M&A - Bank and FinServ
  • SoftBank is nearing a deal to sell Fortress Investment Group to Mubadala for $2 billion.
  • Principal Financial Group is considering selling its pension fund business in Hong Kong for “a few hundred million dollars”.

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🌎 Fintech Around the World

Africa: BNPL is an innovation our industry needs to get right

Africa is still scratching the surface on fintech penetration and growth

Here's Zambia's secret to controlling inflation and strengthening its currency

Robocash survey shows growth of fintech in Philippines

India's fintech majors may feel the heat of the biggest ever takeover

📚 Deeper Reads & Features

The optimal amount of fraud is non-zero

The alternative to high decline rates in Fintech & Crypto Wallets

What Is a Partner Bank’s Responsibility When a Neobank Fails?

Financial Health Pulse 2022 U.S. Trends Report

Let’s get in the weeds about fintech AUM

Biannual analysis of global fintech investments.

Burn baby burn. Real estate-focused fintech startups feel the heat

Bay Area squirrels are splooting amid recent heat wave

Have a news item for us? Reach out to