This Week in Fintech (3/6)

Hello Fintech Friends,

If you know an epic sales or business development person in fintech looking for a side hustle that will connect them to the fintech ecosystem, our Head of Revenue role may be for them!

You might notice the format looks a little different; because the Saturday edition of the newsletter has been overflowing and breaking inboxes, we’ll start breaking news out into 3 emails each week:

Friday: Product launches and headlines
Saturday: Financing events
Sunday: Exits and deeper reads

Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

German neobank N26 plans to IPO this year.
Roxe, a bitcoin payments solution provider, announced plans to go public.
Serendipity Capital, an Asian SPAC focused on the fintech space, withdrew its $250 million IPO plans.

🤝 M&A - Fintech

Private equity firms Goldfinch and Baupost acquired Convera, formerly Western Union Business Solutions, for $910 million.
Credit bureau Transunion announced that it will acquire analytics firm Verisk Financial Services for $515 million.
Australian buy-now-pay-later provider Zip confirmed that it will acquire its American counterpart Sezzle for A$491 million
Morocco B2B commerce platform Chari will acquire credit line provider Axa Credit for $22 million.
Travel and corporate card provider TripActions announced its acquisition of Swedish travel management company Resia AB.
Payments software provider Shift4 will acquire both Finaro, a European cross-border payments platform, and The Giving Block, a cryptocurrency fundraising tool for nonprofits.
KYC provider Boku Identity will be sold by Boku to Twilio.

🏦 M&A - Bank and FinServ

In the continued trend of banking mega-mergers for the past year, Canada’s TD Bank announced that it will acquire the US’ First Horizon Bank for $13.4 billion.
Huntington Bank in Ohio agreed to acquire investment banking firm Capstone Partners.
Asian insurer AIA Group will sell its Australian savings and investment business to Resolution Life.
British Columbia Investment Management Corp took a stake in fund management provider Zedra.