The Front Page of Global Fintech

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.

Image Description

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.

Image Description

PayPal is looking to Xoom out (TWIF 5/21)

PayPal is looking to Xoom out (TWIF 5/21)
The Soundtrack to Tokyo’s Hidden Record Bars

Hello Fintech Friends,

A big shout-out to Trovata for recognizing our own Helen Femi Williams' podcast Hey Fintech Friends as one of the 5 Top Fintech Podcasts to Stream in 2023 and for Feedspot for including it in their 40 Best Financial News Podcasts!

If you're not yet listening to Helen's amazing news rundowns, interviews, and banter - you should be.

👍👎 Have feedback for us? Let us know!

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


☯️ Exits
🤝 M&A - Fintech
  • PayPal has reportedly hired Goldman Sachs to look into selling its international money transfer subsidiary Xoom.
  • Scandinavian banking group Nordea acquired Swedish digital pension broker platform Advinans to strengthen its life and pension offering.
  • Private credit firm Castlelake will purchase a $4 billion package of consumer loans from fintech lender Upstart.
  • Crypto firm Ripple acquired Swiss-based crypto custodian Metaco for $250 million in cash and equity.
  • Treasury, payments, and risk management software provider GTreasury sold part of its business from private equity firm Mainsail to Hg.
🏦 M&A - Bank and FinServ
  • Japanese banking giant SBI Holdings will take its affiliated SBI Shinsei Bank private by acquiring the 27% share of the lender it doesn’t own for ¥154 billion ($1.1 billion).
  • Retirement and investing services provider TIAA was approved to sell a majority stake in its banking arm to a consortium of private equity firms.
  • Warren Buffet made a $1 billion bet on Capital One, driving shares up.
  • Meanwhile, Blackstone and Thomson Reuters are selling their £2.4 share of the London Stock Exchange Group.

🌎 Fintech Around the World

Has the American Dream moved out of America and to the UAE?

Mexico’s Venture Capital Revolution: Tracing the Roots of a Thriving Ecosystem

What Does Nigeria’s Blockchain-Friendly Regulatory Change Mean For Bitcoin Adoption?

Paris Is Trying to Steal the UK’s Fintech Crown

📚 Deeper Reads & Features

Higher interest rates are fostering a fintech comeback story

Onboarding and automation: What fintechs can learn from big banks

For fintechs in 2022, the bigger the exit, the larger the decline in value

Generative AI and the finance industry

Dimon Says JPMorgan Is Unlikely to Buy More Struggling Banks

How Fintech Startups Can Increase Diversity And Hire More Women

Binance exec hits out at 'very difficult' US regulatory environment

Bat Out of Hell: Identifying Your Durable Advantage in Fintech

BaaS Banks Outperform Regionals in Deposit Fight

Surging large fines for organisations signal regulators’ changing approach

U.S. has the 'tech edge' amid growth expected for the fintech industry

Notes from the Fed’s Triennial Payments Study, 2022 Edition

Top 12 CeFi Lawsuits of 2022 – The Many Ways CeFi Broke

Most Influential Women in Fintech

Boxer Puppies Force Grandma to Play


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