This Week in Fintech (5/8)

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Please find another week of fintech exits below.

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☯️ Exits

Neobank Revolut ruled out going public in 2022 amid the IPO slowdown.

🤝 M&A - Fintech

ICE, the parent of the New York Stock Exchange, announced that it will buy mortgage lending software provider Black Knight for $16 billion.
Truist, the 6th-largest bank in the US with $488 billion in assets, acquired Long Game, a 12-person team building a gamified financial mobile app for younger consumers.
Coinbase ended talks to buy Mercado Bitcoin, a $2 billion Brazilian crypto exchange.
Dutch neobank Bunq announced that it will acquire group expense management mobile app Tricount.
Private equity firm Fourshore Partners acquired lender Celtic Capital.

🏦 M&A - Bank and FinServ

Itau Unibanco, a Brazilian bank, announced that it will acquire an 11% stake in Brazilian brokerage XP for $1.6 billion.
Financial conglomerate LPL Financial will acquire People’s United Bank to add to its brokerage and advisory platform.
Investor services provider IQ-EQ acquired Irish fund management business Davy Global Fund Management.
First Century Bank walked away from its planned merger with First Internet Bank.

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