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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.

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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.

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This Week in Fintech (4/24)

This Week in Fintech (4/24)

Hello Fintech Friends,

If you haven’t had a chance to share feedback, we would still love your podcast suggestions :)

Also - what new city should we throw an event in?

Please find another week of fintech exits below.


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☯️ Exits

The UK is anticipating more fintech and fintech/big tech consolidation in the near future.

🤝 M&A - Fintech

  • Corporate spend management fintech Brex acquired Pry Financials, a financial planning software builder, for $90 million.
  • PayU, a “PayPal for emerging markets,” expanded into Latin America through its acquisition of Colombian mobile payments platform Ding and $46 million investment into fintech superapp Treinta.
  • WonderFi, a Canadian crypto ecosystem, continued its acquisition spree with a $30.6 million purchase of crypto trading platform Coinberry.
  • Singaporean cross-border payments provider Thunes acquired a majority stake in anti-money laundering solution Tookitaki for $20 million.
  • Robinhood, the US zero-commission investment platform, acquired UK digital money and cryptocurrency provider Ziglu.
  • Chinese payments giant Ant Group announced its acquisition of Singaporean merchant payments platform 2C2P.
  • Orion, a wealthtech builder for financial advisors, will acquire RedTail, a financial advisor CRM.
  • Insightsoftware, a reporting and analytics software provider, acquired Legerity, a cloud-based accounting software.
  • Versapay, an accounts receivable provider, acquired AR automation platform DadeSystems.
  • Mypinpad, a Welsh payments acceptance and authentication service, will merge with SmartPesa, a Singaporean agency banking solution.

🏦 M&A - Bank and FinServ

  • First Abu Dhabi Bank withdrew its offer for a controlling stake in Egyptian investment bank EFG Hermes.

🌎 Fintech Around the World

Tesla-Backed Startup Made Cheap Power a Debt Burden for the World’s Poorest

📚 Deeper Reads

Central Bank Digital Currency Tracker

Kinetic Money: An Auto-Repaying Loan Protocol

The Universe of Fintech Infrastructure

Google Finance Head: Anything That Can Be Automated, We Strive to Automate

Coinbase makes a token attempt at crypto transparency

The Scoop: Inside Fast’s Rapid Collapse

Investing in Crypto Lending

PIX Brazil – Short Blog

Open Banking and the Internet of Things: a Collaboration for the Future

US Senator Falsely Claims Chime And Digital Banks ‘Make Users Vulnerable To Losing Their Money’

Flutterwave CEO addresses alleged misconduct claims in email to employees

A future without fraud: The latest advances in fintech that keep your money safe

Fintech Roundup: The gloves are off in the spend management space

Mobile money — tracking a decade of innovation and impact

Financial Inclusion in Banking Can Be Improved With AI Says Fintech Industry

eCom Innovation Success – Shop Pay

The Fed is looking to speed up payments

NYC ‘Squirrel Man’ tried to return to his park nest, just to get removed again


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