This Week in Fintech (6/5)

Hello Fintech Friends,

We published the second edition of This Week in Policy on Wednesday; if you’re ever interested in what’s going on at the intersection of fintech, regulations, public policy, and crypto, give it a read and sign up!

Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

Freightos, a freight booking and embedded payments platform backed by FedEx, will go public through its merger with Gesher Acquisition SPAC, raising $80 million in the process.

🤝 M&A - Fintech

Japanese financial institution SBI bought a piece of crypto provider Digital Asset to create a ‘smart yen’ programmable currency joint venture.
Swedish account-to-account payments provider Trustly acquired UK open banking vendor Ecospend.
Wealth management provider Envestnet acquired digital retirement plan marketplace 401kplans.com.

🏦 M&A - Bank and FinServ

Financial services institution Franklin Templeton agreed to buy BNY Mellon’s European credit and debt subsidiary, Alcentra, bringing its alternative assets under management to $257 billion.
Private equity firm Ardian took a controlling stake in French credit brokerage Odealim.
Barclays is nearing a deal to acquire Blackstone’s mortgage lending platform, Kensington.
The billionaire Kellner family abandoned plans to conduct a $1.1 billion buyout of Czech bank Moneta.
Private banking company Julius Baer is selling Swiss wealth management company Fransad Gestion to its own management team.