Stripe starts the clock on Schrödinger's IPO (TWIF 1/29)

Stripe starts the clock on Schrödinger's IPO (TWIF 1/29)
Joelle Storet, L'Audace

Hello Fintech Friends,

We had a great guest writeup this week from Lakestar investor Youmna Sirgi on what the launch of the Wise platform tells us about fintech bundling. If you’re interested in the transition from direct to embedded fintech services, and what happens to an ecosystem when everyone starts referencing common service providers, I’d give it a read!

Also, for anyone in New York next week, I’ll be joining a panel with fintech rockstars Nicole Casperson, Willa Tellekson-Flash, and Tom White at Barclays’ Rise incubator. Come by and say hi!

👍👎 Have feedback for us? Let us know!

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

☯️ Exits
💻 IPOs & SPACs
  • Will they? Won’t they? Fintech giant Stripe hired Goldman and JP Morgan to set a one-year timetable on deciding whether to go public or to sell employee shares in a private transaction.
  • Chinese financial literacy education provider QuantaSing priced a $40 million American depository share IPO on the Nasdaq.
🤝 M&A - Fintech
  • Regulatory risk intelligence firm Corlytics (not Cardlytics) acquired SparQ, a regulatory monitoring platform spun out of ING for €5 million in total compensation.
  • Vencora, a Canadian fintech rollup platform, acquired Quarzo Tecnología, a Costa Rica-based provider of software for savings funds, mutual funds and cooperatives.
  • Small business financial health platform Nav acquired the assets of Nuula, a business-focused credit provider.
  • Law firms Orrick and Buckley are combining to form a joint fintech law firm.
🏦 M&A - Bank and FinServ
  • Global financial services provider Apex Group announced that it will acquire the Irish depositary business of Bank of America.
  • The Qatar Investment Authority boosted its stake in Credit Suisse from 5.6% to 6.87%.

🌎 Fintech Around the World

Brazil and Argentina to start preparations for a common currency

China’s state-backed blockchain project aims to be the Swift of stablecoins and central bank digital currencies

India’s Fintech Industry: Embracing ESG and Beyond

Ghana Payment Halt Is Potential Repudiation, Swap Panel Rules

📚 Deeper Reads & Features

Let's go payment processor shopping

The State of Embedded Finance | FinTech Roundup 2022

The New Venture Capitalists: How Community Banks Are Fueling The Growth Of Fintech

Mastercard Is Going All In On Crypto

Climate fintech funding reaches record high in 2022

Think of Sila for its strength: Shamir Karkal, co-founder and CEO of payment platform Sila

Meet the fintech taking on legacy technology in the capital markets

Circle Releases First Annual “State of the USDC Economy” Report

2023 Global Outlook for Banking and Financial Markets

Lending challenges and opportunities in 2023

Bank Of America’s And Chase’s Digital Wallet Is DOA (Doomed On Announcement)

The evolving digital landscape of banks

What Squirrels Taught Me About Life After Divorce

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