Banks are buying fintechs, and fintechs are buying fintechs (10/16)

Hello Fintech Friends,

The year is slowly drawing to a close, but you can find us in Las Vegas for Money2020, New York for a small group dinner, and Cape Town for Africa Tech Summit in the next month, all at https://lu.ma/twif (oh, and also at the Fintech Formal).

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

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☯️ Exits

🤝 M&A - Fintech

Aplazo, a Mexican buy-now-pay-later provider, acquired data insights platform Sensai Metrics to improve its merchant network and help brands manage marketing to customers.
UK business bank OakNorth Bank bought a 50% stake in property lender ASK Partners.
LHV UK, a British financial services provider to fintech and crypto companies, bought the £17.9 small business loan book of Bank North.

🏦 M&A - Bank and FinServ

French bank BNP Paribus signed an agreement to acquire automated currency risk management fintech Kantox.
India has offered to sell a 60.72% stake in its publicly owned $5.6 billion IDBI Bank to a private buyer.
Private equity firm Warburg Pincus will buy a majority stake in Indian small business lender Vistaar Finance.
Pimco, Sixth Street, and Centerbridge are all bidding to acquire the beleaguered Credit Suisse’s securitized products unit.