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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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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Credit Bank is Kenya's first IPO since 2014 (TWIF 9/3)

Credit Bank is Kenya's first IPO since 2014 (TWIF 9/3)
John F. Kennedy campaigns in rural West Virginia

Hello Fintech Friends,

We're hosting our first-ever Paris Fintech Meetup on October 4th with our friends from Element Ventures and Balderton. Come say hi!

Paris Fintech Meetup · Luma
Announcing This Week in Fintech’s first official fintech meetup for the Paris tech community, brought to you by our friends at Element Ventures and Balderton! Come join the founders,…
Signals: LatAm SMBs struggle to access capital. Is that a market opportunity?
Small-to-midsize businesses in Latin America and the Caribbean are flourishing. SMBs account for about one third of the region’s GDP, employ roughly 70% of the official labor force and represent one of the fastest-growing segments of the economy. Collectively, LatAm SMBs have grown to $2-$3 trillion…

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

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📖 Read of the Week

“In 2022, stablecoins settled over $11tn on-chain, dwarfing the volumes processed by PayPal ($1.4tn), almost surpassing the payment volume of Visa ($11.6tn), and reaching 14% of the volume settled by ACH and over 1% the volume settled by Fedwire. It is remarkable that in just a few years, a new global money movement rail can be compared with some of the world’s largest and most important payment systems.” - Marginal Revolution

☯️ Exits
💻 IPOs & SPACs
  • Kenyan consumer bank Credit Bank Plc plans to hold the first IPO on the Nairobi Securities Exchange since 2014, in a public offering that could raise $6.89 million.

🤝 M&A - Fintech
  • Swedish payments platform Trustly acquired French recurring payments provider SlimPay for €70 million.
  • JP Morgan paid an undisclosed amount to increase its stake in Brazilian neobank C6 from 40% to 46%. The digital lender has increased its portfolio from $1.95 billion to $8.24 billion.
  • Business banking platform Rho completed its of Capital, the founder-friendly fundraising and banking platform formerly known as Party Round.
  • Ugandan asset financing platform Asaak acquired billing solution FlexClub Mexico in order to expand to Latin America
  • US document workflow software firm PandaDoc acquired German business payment network Denario.
  • Tradeweb, an operator of marketplaces for rates, credit, equities and money markets, completed its acquisition of Australia’s Yieldbroker, a government bonds and interest rate derivatives marketplace, for A$125 million in cash.
  • Debt administration provider GLAS acquired asset management and trust business Pristine.
  • Private equity firm Cerberus agreed to acquire home lender Spring EQ.
  • InterContinental Exchange is finally buying mortgage data provider Black Knight.
  • Robinhood is buying back the stake in its business previously purchased by FTX founder Sam Bankman-Fried for $605.7 million.

🏦 M&A - Bank and FinServ
  • Italian bank Intesa Sanpaolo is in talks to to buy Romania’s First Bank from its private equity owner, JC Flowers & Co., at a valuation around €200 million.
  • The UK’s Standard Chartered bank is planning to sell its jet leasing unit to Saudi Arabia’s wealth fund for $3.6 billion.

🌎 Fintech Around the World

Revolutionizing Finance in Lagos: Unveiling the Dynamic FinTech Landscape

The Dollar account for emerging markets sees unprecedented demand as it launches in Nigeria

📚 Deeper Reads & Features

Rumors about the death of fintech are overblown

Meet Bloom Money: revolutionizing fintech for immigrant communities

SEC chair Gary Gensler's court losses are piling up in crypto

Lending business equation for your startup

A conventional bank can never turn into a 'digital bank'

Hester Peirce, Republican thorn in the SEC’s side

The ‘Fidelity Mafia’ Behind Big Crypto

The growing use of generative artificial intelligence in consumer financial services

Shelter dog gets reunited with her owner after getting lost

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