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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The IPO window remains locked shut (TWIF 4/16)

The IPO window remains locked shut (TWIF 4/16)
"A reminder about the lovely hand drawn animated film “The Illusionist” following a down-at-heels French performer with Scotland and Edinburgh scenes."

Hello Fintech Friends,

In this week's Signals subscriber newsletter, guest writer Emily Tsitrian – a foremr Stripe employee and co-founder of Yeeld – wrote on what everyone is getting wrong in the Adyen vs. Stripe debate.

"These analysts deserve respect and are worth a read - quantitative triangulation is hard, but unfortunately, in this case, wrong. Payments, it turns out, is not a commodity." - Emily Tsitrian

Elsewhere, Business Insider did what it usually does and wrote about 27 fintechs that could be acquisition targets, including Affirm, Melio, Pipe, Synapse, Deserve, Clear, Klarna, Bond, Cardless, Ramp, and more...

What do people think? Which of these companies will acquire, and which will be acquired, if any?

Lastly - a shout out to our friends Ahmed Siddiqui and Ricky Graziosi, who recently completed an AMA with us and co-host a monthly Payments 101 course based on the book “Anatomy of the Swipe.” They are offering TWIF subscribers $95 off their next cohort with the code twif95.

👍👎 Have feedback for us? Let us know!

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

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☯️ Exits

US IPO proceeds over the past seven years show that the IPO window is still closed:

🤝 M&A - Fintech
  • British fintech developer UTP Group, which operates mobile card reader app app Tapeeno, will acquire the Spanish customers of German card payment app Wellet.
  • Private equity giant KKR agreed to buy a stake in global financial communications firm FGS Global, valuing the firm at $1.4 billion.
  • Capital markets risk technology provider Numerix announced its acquisition of pricing and risk analytics firm FINCAD.
  • Publicly-listed Network International Holdings, a Middle Eastern credit card processor, is attracting international buyout interest from private equity firms at its £1.3 billion market price.
  • Accounts payable automation provider Paymerang acquired invoice provider KwikTag.
  • Asian crypto lender Amber is considering a sale of its Japanese subsidiary.
🏦 M&A - Bank and FinServ
  • Bank Dhofar, Oman’s second-largest bank, is considering a merger with its smaller rival Ahli Bank. The combined bank would hold $19 billion in assets. There are 20 banks in Oman, which cater to 5 million customers.
  • OneDigital Investment Advisors bought the 401k unit of Huntington National Bank.

🌎 Fintech Around the World

Forbes’ Top 30 Middle East Fintech Companies

Peru’s CBDC could enhance financial inclusion but structural challenges remain

📚 Deeper Reads & Features

Elon Musk Revives Old Banking Dream in Pursuing $250 Billion Twitter Valuation

Payments stablecoins vs trading stablecoins

This Start-Up Promises Rates 13 Times Higher Than a Typical Savings Account. There’s One Problem: It Isn’t a Bank.

Stripe vs Adyen Financials: 2023 Update

What I learnt from three banking crises

How the Last Five Years Will Shape the Next Five Years of Payments Innovation

Blockchain & Bonds: Reinventing Finance with Digital Ledger Technology | (with Rahul Banerjee, Founder & CEO Bondevalue)

Is Revolut finally coming of age as a real banking option?

Deposit insurance maximization as a service

The Evolution of Fintech: A Comprehensive Outlook on AI's Role in the Future

Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling

Fintech founder parlayed connections for JPMorgan deal before fraud charges

Jamie Dimon’s annual shareholder letter

Revolut's ex-Singapore CEO points out problems with its culture

The secret lives of grey squirrels: ‘The telly was off the wall, plates were smashed, furniture was ripped"

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