This Week in Fintech (7/17)

Hello Fintech Friends,

Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

Wentworth Management, a broker-dealer aggregator, will go public through its combination with the Kingswood Acquisition SPAC at a $208 million enterprise valuation.
Finu, a UK fintech group, listed on the London Stock Exchange’s AIM segment at a valuation of approximately £53 million.

🤝 M&A - Fintech

Private equity investor First Trust Capital Partners will acquire direct indexing provider Veriti Management.
Restaurant payments platform Toast will acquire employee scheduling app Sling.
UK prepaid debit card provider GoHenry acquired French teen banking app Pixpay.
Private equity firm Strategic Value Partners acquired asset management platform Deucalion.
Australian buy-now-pay-later provider Zip terminated its proposed merger deal with rival Sezzle.

🏦 M&A - Bank and FinServ

Kuwait Finance House will acquire Bahrain’s Ahli United Bank for $11.6 billion.
Bank ING spun out its digital asset custody platform Pyctor to market operator GMEX.
Investment bank Piper Sandler will acquire tech investment bank DBO Partners.
Pro-labor president of Mexico, Andres Lopez Obrador, is attempting to block Citibank’s sale of its Banamex unit to avoid mass firings.
Indonesia’s state-owned Bank Negara Indonesia is considering selling a stake in its life insurance unit.
Thai bank SCB x PCL is considering selling its $1.5 billion asset management unit.
Australia and New Zealand Banking Group is in talks to purchase accounting software maker MYOB from private equity firm KKR for over A$4 billion.