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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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PayDay is looking to cash out (TWIF 9/24)

PayDay is looking to cash out (TWIF 9/24)
Lee Scratch Perry

Hello Fintech Friends,

This Week in Fintech Pink Walk | Hosted by Simplify · Luma
Who: Simplify & This Week in Fintech What: PINK WALK to raise money to fight breast cancer Where: Meet us at Pier 45 to pick up your pink shirt and start our 1.5 mile walk for awareness to Pier 66…
Jakarta Fintech Happy Hour presented by AWS, Quona and B Capital | 26th Sept, 2023 · Luma
Hi fintech friends! Please join us for the Jakarta Fintech Happy Hour presented by AWS, Quona and B Capital! We are excited to host you on Tuesday, 26th Sept in SCBD, Jakarta. The Jakarta…
TWIF Lend360 Happy Hour with Spinwheel & Shearman · Luma
Who: Spinwheel & Shearman What: Lend360 Happy Hour with an open bar & light bites Where: Max Lager’s Wood-Fired Grill & Brewery When: Tuesday, October 3rd at 6:00pm Why: To gather the…

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


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☯️ Exits
🤝 M&A - Fintech
  • Rwandan / Nigerian fintech PayDay, which has been dealing with payment issues and customer complaints, is looking to sell itself six months after raising a $3 million seed round from Moniepoint.
  • Prepaid payments provider Recharge announced that it has acquired European digital gift and gaming cards company Starselect.
  • Impact investing platform Spring Activator acquired diverse investor network Future Capital.

🏦 M&A - Bank and FinServ
  • Card network and issuer Discover is contemplating a possible sale of its $10.2 billion student loan portfolio.
  • Italy is considering a potential sale of 15% of state-held bank Banca Monte dei Paschi di Siena. The government nationalized the bank in 2017, injecting €1.6 billion into it after years of turnaround efforts.
  • A consortium led by investment manager Sixth Street is in the lead to acquire Goldman Sachs’ embattled home improvement lender GreenSky. The transaction would be valued around $500 million; Golman acquired GreenSky for $2.24 billion in stock in 2021.
  • Asset manager Marathon is bidding on Signature Bank’s $33 billion commercial real estate portfolio.

🌎 Fintech Around the World

Traveling in cashless China just got easier for foreign tourists

Irish fintechs bemoan lack of state support

The UK Is a Fintech Regulatory Superpower

Demand for Online Gig Work Rapidly Rising in Developing Countries

📚 Deeper Reads & Features

Problems for Adyen and Paypal in the competitive payments landscape

Average Number of Fintech Brands per BaaS Sponsor Bank

The FDIC takes a hard look in the mirror

Fintech Fuels Global Payments

A European Banking Giant Rises to the Fintech Challenge

Vertical Operating Systems and Embedded Fintech

The Future of Cross-Border Payments

Uncensored Thoughts on Product Management, [Fin]Tech Markets, and VC as I Look for my Next Adventure

Can CBDCs replace cash?

Financial Institutions See Technology More Than Ever as Key Differentiator in Customer Experience

Fintech revolution: Online lending platforms for businesses

How Charlie Javice Got JPMorgan to Pay $175 Million for … What Exactly?

Artificial Intelligence in Financial Services

Chile Independence Day: Puppies steal the show at military parade


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