Will UK neobanks Monzo and Starling go public this year? (TWIF 3/5)

Will UK neobanks Monzo and Starling go public this year? (TWIF 3/5)
Bagan, Myanmar

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

☯️ Exits
💻 IPOs & SPACs
  • Investment banks are starting to approach UK neobank Monzo over a potential IPO.
  • Reverence Acquisition, a blank-check company chasing a fintech acquisition, withdrew its $300 million IPO.
🤝 M&A - Fintech
  • Indian payments and API provider Cashfree Payments announced its acquisition of one-click checkout provider Zecpe.
  • Wealth management infrastructure provider BetaNXT will acquire investor communications firm Mediant Communications.
  • Quantexa, a risk data provider, will acquire Irish NLP firm Aylien.
  • Noventiq, a cybersecurity firm focused on financial services, finished its acquisition of Saga Group, a comparable firm operating in Serbia, Montenegro, Bosnia and Herzegovina, and North Macedonia.
🏦 M&A - Bank and FinServ
  • Card network Visa is considering an acquisition of Fidelity Information Services, the embattled core provider that recently spun out Worldpay, at a significant premium to its $64 share price - in the $85 to $105 range (which would value it as high as $60 billion).
  • Spain's Banco Sabadell sold an 80% stake in its payments unit Paycomet to Italy’s Nexi for €280 million and signed a 10-year exclusive distribution deal with the firm.
  • Spanish multinational insurance firm MAPFRE bought a majority stake in French boutique fund manager La Financière Responsable.
  • Asset manager BlackRock sold its roboadvisor business, FutureAdvisor, to Ritholtz Wealth Management.
  • Private equity firm Clayton, Dubilier & Rice entered an agreement to purchase wealth management conglomerate FOCUS for over $7 billion.
  • Private equity firm Ares Management will acquire a minority stake in fixed-income manager BlueCove.
  • Goldman Sachs is looking to sell its lending unit Greensky, which it acquired in 2021 for $2.24 billion.
  • Australian private equity firm Macquarie is looking into a £5 billion bid for fund manager and insurer M&G.
  • The US FTC is looking to block the proposed $13 billion takeover of mortgage firm Black Knight by exchange operator Intercontinental Exchange.
  • European exchange operator Euronext pulled its $5.8 billion offer to buy fund distribution firm Allfunds.

🌎 Fintech Around the World

The Arab Women Making Noise in the Fintech and Blockchain Industry

Fintech students in Hong Kong hope to make their mark in Greater Bay Area

London Payments Firm Moves $1 Billion a Month Despite ‘Red Flags’

📚 Deeper Reads & Features

How to Print Money

US deep-subprime consumers are seeking credit at its highest pace since global pandemic, prime consumers are pilling on even more debt

The unraveling of fintech darling Vise

FT's Monthly Fintech Market Update

Regulators Warn Banks - Say No To Crypto FinTech Companies

Building Company Playbook #4: Building Fintech & DeFi software products

Banking-As-A-Service Is Under Fire — What’s Next For Fintech’s Hottest Segment

Janet Yellen Says 'Critical' to Establish Strong Crypto Regulation — 'We Haven't Suggested Outright Banning'

CBDC in the Nordics: What is the status in Sweden, Denmark, Norway, Finland and Iceland?

Revolut tops app downloads – but is Chase coming for the crown?

Why did Euronext drop bid to acquire Allfunds?

PayPal Is Searching for a CEO Who Can Reverse Its $279 Billion Stock Drop

JPMorgan says little-known West Virginia fintech is positioned as ‘bank of choice’ for online gaming

Judges, not lawmakers, are setting 2023's tech policy

Jill Biden Lauds Table Banking Movement For Enhancing Financial Inclusion

A squad of drug-sniffing squirrels is training to join China’s police

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