Indian and Hong Kong fintech acquisitions heat up (TWIF 11/27)

PhonePe buys ZestMoney for $300 million and Quantifeed buys UK rival Alpima

Hello Fintech Friends,

Want to partner on a fintech event in 2023? Let us know! events@thisweekinfintech.com

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

Sponsored Content

Content: The FinTech Innovation Lab NY is currently accepting applications for their 2023 cohort of FinTech, Insurtech and EnterpriseTech startups. Apply HERE by Dec. 1st.

Want to learn more? Join our Virtual Information Session Monday Nov. 28th and hear from previous alumni & our partners at PFNYC.

☯️ Exits

🤝 M&A - Fintech

Indian digital payments juggernaut PhonePe will acquire buy-now-pay-later fintech startup ZestMoney for $200-300 million.
Hong Kong-based digital wealth management platform Quantifeed acquired its UK rival Alpima, bringing its assets under management to $20 billion.
Fintech-focused private equity firm Motive Partners entered into an agreement to acquire German fintech venture capital firm embedded/capital.
UK private equity fund ROX Equity Partners acquired South African fintech provider SilverBridge as a subsidiary of its newly-formed Alula Technologies Group.
UK commission-free trading app Freetrade is considering selling itself, as it struggles to raise funding above its 2021 £650 million valuation.

🏦 M&A - Bank and FinServ

Japanese bank MUFG will buy Indonesian and Filipino credit companies for €600 million.
Aristotle Capital Management came to an agreement to buy life insurance company Pacific Life’s third-party credit asset management firm, Pacific Asset Management.

Sponsored Content

Content: The FinTech Innovation Lab NY is currently accepting applications for their 2023 cohort of FinTech, Insurtech and EnterpriseTech startups. Apply HERE by Dec. 1st.

Want to learn more? Join our Virtual Information Session Monday Nov. 28th and hear from previous alumni & our partners at PFNYC.