This Week in Fintech (4/10)

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And while fintech venture rounds are supposedly slowing down, they’re more than made up by the frenetic pace of fintech acquisitions happening. This week alone there were crypto/fintech, fintech/bank, fintech/fintech, and several more acquisitions announced.

Please find another week of fintech exits below.

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☯️ Exits

🤝 M&A - Fintech

In the same week that Fast shuts down, Bolt, the other developer of a standalone hosted one-click checkout last valued at $11 billion, acquired crypto payments on ramp Wyre for $1.5 billion. I would not be surprised to see more mergers that blend digital currency and conventional payment methods.
Also - crypto payments firm Bitgo renegotiated its $1.2 billion acquisition by Galaxy Digital due to following share prices of the latter.
And crypto exchange FTX bought a stake in the Flash Boys exchange IEX
Investment research platform Morningstar will acquire data provider Leveraged Commentary & Data.
UK consumer credit company JaJa Finance sold itself to KKR and TDR Capital for £120 million.
Latam payments platform PayRetailers acquired Chilean rival Paygol and Colombia’s Pago Digital to expand its markets.
Global payments firm Worldline paid A$485 million for a controlling stake in ANZ’s merchant acquiring business.
The London Stock Exchange Group continued its spate of acquisitions, buying KYC provider Global Data Consortium.
Southeast Asian buy-now-pay-later provider FinAccel took a majority stake in Indonesian bank PT Bank Bisnis Internasional.
Retirement investing and financial planning firm Millennium Trust acquired health savings account provider Payflex.
Indian conversational messaging platform Gupshup acquired Active.ai, a conversational AI platform for banks and fintech companies.
Point of sale holding company POS Nation acquired liquor PoS provider Bottle POS.
European private equity firm Advent took a controlling stake in payments firm MangoPay.
African telco giant MTN is working with JP Morgan to spin out and sell off its fintech unit.
Black Knight, a mortgage software provider, is exploring a potential sale.
Klarna officially closed its Pricerunner acquisition.

🏦 M&A - Bank and FinServ

In this week’s mega-merger, India’s HFDC Bank will acquire Mumbai-based giant Housing Development Finance Corp. for around $60 billion.
Private equity firm Bain Capital will acquire a 24.98% stake in India’s IIFL Wealth Management for ₹3,680 crore ($485.6 million).
Private equity firms Advent and Centerbridge are nearing a €2 billion deal to buy Germany’s Aereal Bank.
Canada’s CI Financial Corp plans to spin out 20% of its US wealth management business in its IPO.
Russia’s Sberbank sold its stake in a Croatian retailer to a Hungarian private equity fund.
Mastercard completed its acquisition of McDonalds’ personalization service Dynamic Yield.