This Week in Fintech (5/29)

Hello Fintech Friends,

I’d like to officially welcome our new Policy Editor, Mohammed Hamdy, who just published the first post of our new Fintech Policy Edition!

Sign up for Mohammad’s newsletter to stay on top of all the legal and regulatory news in the fintech and crypto space as it comes out.

Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

UK neobank Atom Bank is considering a New York Stock Exchange SPAC merger at a $700 million valuation.
Global bank HSBC is considering an IPO of its Indonesian business.

🤝 M&A - Fintech

M&A is coming for DeFi protocols as market conditions change.

Crypto exchange giant FTX is reportedly eyeing multiple acquisition targets in the stock brokerage space, following its US stock trading launch with provider Embed.

Southeast Asian embedded finance firm Matchmove acquired e-commerce platform Shopmatic for $200 million.
UK revenue intelligence platform Paddle acquired analytics tool builder ProfitWell for $200 million.
Yieldstreet partnered with Haven Realty Capital to acquire a build-to-rent community in Chattanooga for $29 million.
Blockchain analytics firm Nansen acquired NFT tracker Ape Board for an amount in the $10mm’s.
Alternative investing platform iCapital announced that it will acquire financial advisory platform SIMON Markets.
Australian private equity firm BGH Capital took a 20% stake in church payments group Pushpay.
Private equity firm L Catterton took a minority stake in Mexican financial institution Crediclub.
Private equity firm Ares took a minority stake in tax and accounting software provider Ryan at a $2.5 billion valuation.

🏦 M&A - Bank and FinServ

Private equity firm DPI will pay €60 million for a minority stake in the Ivory Coast financial services firm Groupe Cofina.
Saudi’s prince Alaweed bin Talal has signed an agreement to sell 16.87% of investment and financial services firm Kingdom Holding to the PIF.
Mastercard acquired a stake in threat prevention company Picus Security.
Credit Agricole Italy expressed interest in investing in the insurance business of France’s Banco BPM.
Citigroup is in talks to buy Deutsche Bank Mexico, which is winding down, for its banking license.

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