Another tax software provider gets snapped up for $720 million (TWIF 11/6)

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☯️ Exits

🤝 M&A - Fintech

Retail-focused buy-now-pay-later provider Ampla* (disclosure: a Fintech Fund portfolio company) acquired consumer brand payment plan provider Upside Financing.
Private equity firm Cinven acquired UK tax planning software builder TaxAct for $720 million.
Cannabis banking provider Safe Harbor Financial announced its acquisition of cannabis fintech platform Abaca for $30 million.
Singaporean alternative assets investing platform Alta acquired digital securities exchange Hg Exchange.
Amberdata, which provides datastreams on digital assets, acquired crypto analytics company Genesis Volatility.
PCI-validated payment credential encryption provider Bluefin acquired omnichannel payment solution TECS Payment Systems.
Crypto exchange Bakkt will acquire rival Apex Crypto in a deal worth around $200 million.

🏦 M&A - Bank and FinServ

Citigroup agreed to sell its portfolio of Russian personal installment loans to commercial bank Uralsib.
Australian wealth management firm Perpetual rebuffed an $A1.7 billion takeover offer from private equity.
TIAA is selling its bank, TIAA Bank, to a group of private investors so it can focus on its retirement and asset management businesses.