This Week in Fintech (3/20)

Hello Fintech Friends,

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Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

GoTo Group, the Indonesian owner of the superapp formed by Gojek and Tokopedia’s mega-merger, filed for a $1.1 billion IPO at a $28 billion valuation.
Navi Technologies, an Indian provider of insurance and lending products, filed for a $440 million IPO.

🤝 M&A - Fintech

Crypto giant Binance signed an MOU to purchase Brazilian securities brokerage Sim;paul Investimentos.
Fair Technologies, an auto leasing company, was acquired by used car purchasing company Shift.

🏦 M&A - Bank and FinServ

Alliance Bernstein, a private equity firm, will acquire CarVal Investors, an alternative investment manager, for $750 million up-front.
CoinShares, a digital asset investment firm, acquired a 20% stake in global markets trading bank FlowBank for $26.5 million.
HSBC bank sold off its 15-branch Greek retail banking operation to Greek lender Pancreta Bank.
JP Morgan agreed to acquire Global Shares, an Irish provider of share plan management software.
Gen II Fund Services, a fund administrator in the alternative investment space, acquired investment management software builder Update Capital
Private equity giant Blackstone is considering an investment of up to $3 billion in commodities trader Trafigura.

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