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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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Indian lenders draw the attention of private equity (TWIF 6/4)

Indian lenders draw the attention of private equity (TWIF 6/4)
Bar San Calisto, Rome

Hello Fintech Friends,

I'll be flying to Tel Aviv in a week to host our first-ever Israeli Fintech Meetup with our friends at TLV Partners. Will I see you there?

TLV Partners is an early-stage venture capital firm investing in Israeli entrepreneurs that are pushing the boundaries of what is possible. Since 2015, the firm has backed some of Israel's most innovative fintech companies such as Next Insurance, Unit, Mesh Payments and Noble.

Please find another week of fintech exits and deep reads below. (PS: Have feedback for us? Let us know!)


☯️ Exits
🤝 M&A - Fintech
  • Fleetcor, a provider of prepaid card and payments services to trucking fleets, is reportedly looking into selling off its prepaid card portfolio for $500 million to $1 billion.
  • Private equity firm Warburg Pincus acquired over 90% of Indian small business lender Vistaar Finance for $250 million.
  • Predictive analytics platform for alternative bank and payment data RIBBIT (a separate entity from Ribbit Capital, the fintech investor) will acquire fraud and risk mitigation solutions provider ValidiFI.
  • Equiti, a Dubai-based provider of embedded trading technology services, acquired Morocco-based digital payment technology provider Cloud Invest.
  • Midwest private equity firm Madison Dearborn closed its $1.8 billion acquisition of money transmitter app MoneyGram.
  • Stripe acquired Okay, an app that analyzes engineers' productivity.
  • NestAway, an Indian rental property financing and management startup once valued at $227 million in a 2019 fundraising round, was acquired in a fire sale by fellow proptech Aurum for $10.9 million.
🏦 M&A - Bank and FinServ
  • Asian private equity firm Baring is set to buy Indian bank HDFC's education lending arm Credila for $1.5 billion.
  • Asset manager Franklin Templeton will buy its rival Putnam Investments for $1 billion+.
  • Ireland's finance ministry and British bank NatWest Group will together sell 6% of Irish bank Permanent TSB.

🌎 Fintech Around the World

Could Qatar be creating a cloud based blockchain platform to accelerate its Blockchain blueprint strategy?

India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions

Beijing Government Releases Web3 White Paper

📚 Deeper Reads & Features

How a $13 Billion Fintech That Angered Jamie Dimon Won Over Banks

Real-time finance data on Twitter is money

Watchdogs must ‘up their game’ to prevent future bank failures, says BIS

‘A Total Nightmare’: Transfer Delays With New Apple-Goldman Savings Accounts Prompt Complaints (warning: clickbait headline - the delays look to be for simple AML reasons)

JPMorgan’s US debt default Q&A

Inside the Lazerpay Shutdown: A Conversation with Njoku Emmanuel

Improving wholesale cross-border multi-currency payments and settlements

3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency

Will Bitcoin Take on Reserve Currency Status Following De-Dollarization?

From Klarna to Sezzle: Ranking of apps looks at whether buy now, pay later is a good idea

The Top 8 Ways Banks Benefit From Blockchain

The Writer Behind ‘Love Actually’ Wants to Green Your Retirement Fund

Interviewing Dogs in Daycare


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