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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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Indian fintechs are on a bank-buying spree (TWIF 11/3)

Indian fintechs are on a bank-buying spree (TWIF 11/3)
@almaral

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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Sponsored Content

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📖 Reads of the Week
Why Everyone’s Wrong About Stablecoins
Why stablecoins won’t crown a single winner: success requires a complementary business model, not just exporting digital dollars.
The Changing Face of Finance
Crafting a New Model: JPMorgan vs BlackRock vs Apollo

☯️ Exits
🤝 M&A - Fintech
  • Array Acquires Payitoff: Array strengthened its debt management solutions by acquiring Payitoff, which adds embeddable debt management tools to help users better manage debt through integrated, personalized financial guidance. Read more.
  • nCino to Buy FullCircl: nCino will acquire FullCircl for $135 million to enhance its compliance software, expanding its financial services and regulatory onboarding capabilities across the UK and Europe. Read more.
  • Elphinstone* Grows in Pakistan: Elphinstone*, a fintech that allows Pakistani retail investors to invest in US stocks and ETFs has acquired Trikl, a local investment platform and digital asset management company. Read more.
  • Bridgepoint Takes Eckoh Private: British publicly-listed payments company Eckoh agreed to a £169.3 million pounds cash takeover by private investment company Bridgepoint Advisers. Read more.
  • Sainsbury's Sells Off Cards: British publicly-listed supermarket Sainsbury's, sold its Argos Financial Services cards portfolio to NewDay Group for an expected £720 million. Read more.
  • Global Payments Sells off Advanced MD: Payment processor Global Payments sold off its healtcare business Advanced MD to private equity firm Francisco Partners. The business was sold for $1.13 billion off of $105 million of EBITDA. Read more.
  • K1 to Sell Irwin to FactSet: K1 Investment Management plans to sell fintech firm Irwin to FactSet, integrating Irwin's investor relations technology to improve FactSet’s market insights. Read more.
  • Carta Acquires Tactyc: Carta acquired Tactyc, bringing Tactyc's modeling and forecasting tools to its fund administration platform to enhance portfolio management for investors. Read more.
  • iCapital Acquires AltExchange: iCapital announced its acquisition of AltExchange to boost its data management with AI-driven solutions, aiming to streamline data and reporting for alternative investments. Read more.
  • Indian Card Issuer Slice Acquires a Bank: Indian fintech startup Slice said it has completed its merger with North East Small Finance Bank. Read More.
  • Acquarian Picks Up C-PACE Lender: Aquarian Holdings has purchased a majority stake in PACE Equity, which hands out commercial property assessed clean energy loans, to real estate developers and owners. Read more.
  • Financial Finesse Acquires OfColor: Financial coaching platform Financial Finesse acquired OfColor, a financial wellness platform that empowers employees of color to improve their financial well-being and build wealth. Read more.

🏦 M&A - Bank and FinServ
  • Western Union to Buy Singapore Mobile Wallet Dash: Western Union agreed to acquire the mobile wallet Dash from Singtel to strengthen its digital payment presence in Singapore. Launched in 2014, Dash offers payment, remittance, savings, and investment services to over 1.4 million users. Singtel’s sale aligns with its strategy to focus on core business areas while maintaining financial services through other partnerships. Read more.
  • Telco BT Explores Selling Off Bank Unit: British telecom group BT is working with bankers to sell Radianz, a service used by financial institutions to connect banks, brokers, exchanges and clearing houses to each other. Read more.
  • Mariner Wealth Advisors and Neuberger Berman Partnership: Mariner Wealth Advisors announced a strategic partnership with Neuberger Berman Capital Solutions, with a significant minority growth investment aimed at fueling Mariner's expansion and enhancing its client services. This investment will support Mariner’s goal to grow its advisor base and strengthen client-first services while maintaining majority operational control. Read more.
  • BC Acquires Runway: BC Partners Credit will acquire Runway Growth Capital, a provider of growth loans to companies seeking alternatives to equity financing. Read more.

📺
Sponsored Content

Scale your fintech product with Newline™ by Fifth Third and launch payment, card and deposit products directly with Fifth Third Bank. Newline seamlessly combines the power of a top 20 bank with an API-first technology platform to help you unlock the next generation of embedded finance solutions. Learn more at Newline53.com.

Want to sponsor a newsletter? See our sponsorship information here.


🌎 Fintech Around the World

Bank of England gets ready for CBDC in case banks fall through

How SMEs Are Driving A Fintech Revolution Across The MENA Region

📚 Deeper Reads & Features

Traditional Finance Eyes Tokenization, But BIS Warns of Risks

Inside Sunbit’s Debt-Fueled Mission To Bring Buy Now, Pay Later To Your Local Auto Mechanic And Dentist

Do people trust AI with their money? Here's what research shows

Instagram-famous squirrel named Peanut seized by New York state authorities


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