Hello Fintech Friends,

🥱 We're getting into sleepy M&A season for August.

Know what's not sleepy? We’re up to 75 sign-ups for our Mexico City Fintech Trek!

If you missed it last week: from October 18th to 20th, we'll be taking a group of 30-50 fintech enthusiasts to fully immerse in the Mexico City fintech ecosystem.

We'll be working with our partner Quona to bring together founders, investors, executives, and fintech leaders in LatAm's fintech capital.

👉 Interested in joining? Let us know in our Attendee Application Form here.

👉 ¿Interesado ? Háganos saber en nuestra solicitud aquí.

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

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☯️ Exits

💻 IPOs & SPACs

After a long saga with multiple rounds of layoffs, an SEC investigation, and a searing media exposé, it looks like mortgage platform Better may finally go public via its combination with Aurora Acquisition Corp. via a SPAC, though it remains to be seen whether it will command the $6 billion or $7.7 billion valuation it achieved in 2021.

It’s official: Better.com is going public | TechCrunch

We didn’t think we’d see the day. Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose Digital mortgage lender Better.com originally made plans to go public via a $6 billion SPAC in May 2021.

TechCrunchMary Ann Azevedo

🤝 M&A - Fintech

• Mexican neobank Albo acquired delt.ai, a Y-Combinator fintech company specializing in financial services and management tools for SMBs, for $20 million.
• Accounting and finance software builder LeaseQuery acquired Stackshine, a SaaS spend management platform.
• Rental management software builder RentRedi acquired two new rental payment properties:  eRentPayment and PaymentReport.
• Noggin Guru acquired BankersHub, an online banking and financial services provider.
• Tech executive Imran Khan acquired a 2.5% stake in public neobank Dave via a secondary sale.
• Lending platform LoanPro took a minority stake in TrueNorth, a customized fintech solution developer.
• Kenyan payments and logistics startup Sendy is reportedly in acquisition talks.

🏦 M&A - Bank and FinServ

• Private equity firm KKR acquired a $373 million portfolio of Synovus Bank’s prime auto loans.

How the pandemic shifted America's geography of income

🌎 Fintech Around the World

The right to pay anonymously has become part of an EU culture war

Nigerian Islamic fintech Enricher plans expansion to UK, North America

Investors Look To Offload Beleaguered Ghanaian Fintech Mired In Scandal

📚 Deeper Reads & Features

Visa’s new head of fintech talks partnerships, venture and creators as an addressable market

Decoding how banks create money and how access to high yield products by Fintechs impacts small-mid sized banks

How to 20x the world’s largest capital markets

Loan losses at US banks hit $19bn as borrowers feel rate rise pain

Americans’ credit card debt hits a record $1 trillion

Rates on Savings Accounts Are Higher Than Millions of Mortgages

Banks Face Stepped-Up Scrutiny From Fed Over Crypto Activities

The many ways contactless payments are transforming mass transit

How to save time and money by automating B2B underwriting decisions

Property Loans Are So Unappealing That Banks Want to Dump Them

Inflation Bites: How Changing Market Conditions Will Influence FinTech

Why Did 488 Golden Retrievers Gather in Scotland?

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