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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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Airwallex acquires MexPago as part of its LatAm land-grab (TWIF 10/22)

Airwallex acquires MexPago as part of its LatAm land-grab (TWIF 10/22)
A Tribe Called Quest. Chelsea, New York, 1990

Hello Fintech Friends,

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

I enjoyed the writeup this week from Matrix Partners' Matt Brown on specific fundraising advice for fintech infrastructure providers. There are nuances to the business of building and scaling financial infrastructure that mediate toward eschewing some of the traditional fundraise narrative.

These were the three I found most compelling:

  • For financial infra, quality often trumps quantity in customers and revenue
  • Don’t be afraid of professional services; show how they map to account growth
  • Recognize and explain different levels of unit economics

☯️ Exits
🤝 M&A - Fintech
  • Small business banking startup Rho, which previously acquired business banking platform Capital (fka Party Round), is reportedly in talks to buy Creative Juice*, which offers upfront financing and other financial tools for creators.
  • Airwallex, a global payments platform for businesses, signed an agreement to acquire MexPago, a Mexico-based payment service provider.
  • The Depository Trust & Clearing Corp., a US clearinghouse and financial market infrastructure provider, announced that it will buy Securrency, a blockchain trading infrastructure provider.
  • Block, the payments company responsible for Square and Cash App, acquired Hifi, a musical royalty payment acceleration service.
  • Hong Kong crypto exchange OSL is weighing selling itself at a $1 billion valuation.
  • Stax Payments, a Florida-based payment processor, acquired Atlantic-Pacific Processing Systems, a provider of real-time payment data.
  • Crypto custody provider BitGo acquired HeightZero, a firm that provides software to wealth managers whose clients want to invest in digital assets.

🏦 M&A - Bank and FinServ
  • Several corporate investors and funds are reportedly looking to buy publicly-traded Italian payments giant Nexi, sending the stock up 19%.
  • UK fund manager abrdn will sell its $9 billion European private equity business to Brazilian firm Patria Investments.

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


📺
Sponsored Content

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🌎 Fintech Around the World

Visa, Mastercard Want a Slice of Africa’s Mobile Money

For VCs in India, the bank is the new hot investment

📚 Deeper Reads & Features

With three years of runway left, Kippa explains why it exited agency banking

Tiny Banks That Powered Cash App Grew Like Crazy. Then the Feds Came Calling

Mastercard CFO says India’s UPI ‘incredibly painful experience’ for ecosystem participants

Bank-fintech partnerships: a delicate regulatory balance must be struck

BaaS-ing The Buck: Who Has Fairness Obligations In The Banking-As-A-Service Ecosystem?

Goldman Sachs Wants Out of Consumer Lending. Employees Say It Can’t Happen Fast Enough.

Trading Stocks Loses Its Thrill: ‘I Would Get Burned’

The very costly and unpleasant business of saving Metro Bank

SumUp’s valuation falls as low as $4.1B, as Groupon and others sell off their stakes

Focal Fintech: 25 Startups to Watch

5 FinTech platforms helping kids secure their financial future

The Latest Tool to Refinance Short-Term Debt: Double-Dip Financing

Grow Credit Inc., Financial Inclusion Offers is a Game Changer

The World of Super-Apps in the Fintech Realm

How Visa and Mastercard are fighting friendly fraud

The Decline of Chime

A banker was fired after admitting the 2 sandwiches, 2 pastas, and 2 coffees he'd expensed on a work trip weren't all for him

Golden retriever sits with his emotional support cushion, waiting to meet his new brother


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