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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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Mastercard and Visa square off to acquire Brazilian fintech Pismo (TWIF 4/2)

Mastercard and Visa square off to acquire Brazilian fintech Pismo (TWIF 4/2)
The sun-drenched Americana of Japanese artist Hiroshi Nagai

Hello Fintech Friends,

🎙️ This week for Hey Fintech Friends, our host Helen Femi interviewed Commerce VC’s Vivek Krishnamurthy. Come give it a listen on Spotify or Apple!

🌲 Also this week, AWS’ FinTech Africa Accelerator opened applications to take part in an equity-free program focused on supporting early stage startups.

📚 Hope you have some Sunday reading time reserved, because we have a lotttt of deeper reads this week.

👍👎 Have feedback for us? Let us know!

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


Source: The Thesis Driving M13's Fintech Investment Strategy

☯️ Exits
🤝 M&A - Fintech
  • Zenus Bank, a Puerto Rican digital bank, acquired Financial Urban Exchange, a real-time payments provider for the Caribbean.
  • Payments hardware builder Ingenico, which is responsible for most of the payments terminals that consumers interact with on a day-to-day basis, acquired Phos, a software that turns smartphones into merchant payment acceptance hardware.
  • UK small business-focused payments firm Equals Group acquired Belgian licensed payments institution Oonex for £4.1 million to move into Europe.
  • Mastercard and Visa are both reportedly looking to acquire Brazilian banking and payments startup Pismo for between $1 and $1.4 billion.
  • French private equity firm Advent launched a sale process for its biometrics payment portfolio company IDEMIA, expected to be valued between $5.4 and $6.5 billion.
  • Blackbaud, which provides payment software for nonprofits, rejected a $1.1 billion acquisition offer by private equity firm Clearlake.
  • New tech consultancy VeUP acquired the product suite of UK fintech company M3 Payments.
  • Market news and information provider Investing.com announced its acquisition of Streetinsider, which provides breaking news on equities, for $10 million.
  • United Fintech, a British roll-up of capital markets fintech products, is spinning off its Cobalt business into separate foreign exchange and digital currency businesses.
🏦 M&A - Bank and FinServ
  • The shares of Chinese state-owned bank Postal Savings Bank rose after state-owned telco China Mobile announced that it will acquire a stake worth $6.5 billion.
  • International megabank Standard Chartered agreed to sell its Jordanian and Arab business to Arab Jordan Investment Bank.
  • Private equity firms Bajaj Finance Ltd. and Cathay Financial Holding Co. are both weighing putting in bids for Commonwealth Bank of Australia’s Indonesian business.

Source: The Fintech Blueprint


🌎 Fintech Around the World

Unrelenting Pressure Sees Kenyan Shilling Drop 60 Straight Days

The Türkiye Fintech Guide

After chargeback fraud debacle, Union54 CEO says fintech in Africa ‘isn’t child’s play’

📚 Deeper Reads & Features

Swiss Banks Agree With JPMorgan: Deposit Tokens Are a Way Into DeFi

Disintermediating traditional banking, in real-time

SVB Fallout: FinTech to the Rescue

How U.S. Regulators Are Choking Crypto

Tether Is Winning Stablecoin Battle Despite Looming Risks

White House Report Calls For Greater Oversight of Web3

Lending and the Engineering of Chaos

3 ways to ensure your fintech deposits are safe

Central banks see future for global instant payments via mobile phones

The Future of Payments is… Red?

Mercury* moves to close the gap created by SVB collapse

The Silicon Valley Bank Collapse: Fear Mongering And Other Bad Takes

Has fintech lost its luster? What VC investors need to see from founders

Credit score: Numbers might lie

Year Zero - more Fin than Tech

5 Key Trends Driving Wealth Management in 2023

Wise: Big banks continue to hide fees on cross-border payments

How to switch Banking as a Service Providers: A step-by-step guide

A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis

A.I. and machine learning are about to have a breakout moment in finance

Checkout.com’s new president is bullish on US expansion, says she ‘welcomes’ comparisons to Stripe

The Meltdown of a Gay Bank What went wrong when an LGBTQ+ start-up set out to disrupt finance.

How Binance really operates: The world’s largest crypto exchange boasts vast profits, hefty influencer payouts, and a ticking time bomb on its balance sheet

Gen Z, Memes, Digital Revolution Kicked to Curb in Fad-ETF Purge

A Hitchhiker’s Guide To Bank Failures

Fintech data wars risk harming small businesses

Your Spending Habits Are All in Your Head

How To Thrive In Today’s Digital Banking Ecosystem

Puppies Predict SDSU as 2023 NCAA Men's Basketball National Champs on ‘The Tonight Show'


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