This Week in Fintech (3/27)

Hello Fintech Friends,

Welcome to a (slightly slower-than-usual) week of fintech M&A!

Please find another week of fintech exits below.

If you’re looking to hire from a group of 10,000+ smart, motivated fintech professionals, come pick up a Collective Pass and post a job here.

☯️ Exits

💻 IPOs & SPACs

Indonesian superapp builder GoTo Group raised about $1.1 billion in its IPO.
Japanese crypto exchange Coincheck announced that it will list on the Nasdaq via a merger with the SPAC Thunder Bridge Capital Partners IV at a $1.25 billion valuation.

🤝 M&A - Fintech

Apple quietly acquired UK open banking credit underwriting startup Credit Kudos for $150 million, likely to help expand its Apple Card in the country.
Validus, a Singaporean small business lending fintech, will acquire Citibank’s Singaporean business loan portfolio.
Crypto exchange Blockchain.com announced that it will acquire Altonomy’s over-the-counter trading desk.
Neobank Chetwood Financial acquired its core banking provider Yobota.

🏦 M&A - Bank and FinServ

Uruguay’s Banco Itaú will acquire 30% ownership of Uruguayan fintech companies Prex and Paigo. Prex offers digital financial services to 1 million clients across Argentina, Uruguay, and Peru, while Paigo provides financial services for the unbanked.
The London Stock Exchange Group will sell its $1 billion BETA+ wealth assets to a consortium of private equity investors.

Sponsored Content

Solid presents FOUNDATION – a FinTech & Crypto event for all – for the Developer, Designer, and Product Manager. In one day, you will learn all about Solid's backend infrastructure to quickly spin up FinTech & Crypto products!

Build Your FinTech.