This Week in Fintech (8/21)

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☯️ Exits

💻 IPOs & SPACs

Covalto, a Mexican digital banking and payments platform, will become the first to list on the Nasdaq exchange through its merger with SPAC LIVB at a $547 million enterprise value.

🤝 M&A - Fintech

Remitly, the cross-border payments provider, acquired Rewire, an Israeli banking services provider to migrants, for $80 million.
Fintech brokerage eToro will acquire rival Gatsby for $50 million.
Ghanaian cash flow and spend management platform Float acquired Nigerian cloud-based accounting service Accounteer.
The UK investment manager abrdn became the majority shareholder of the UK’s first regulated digital securities exchange, Archax.
Axo, a Norwegian personal finance company, acquired digital credit scoring and financial management startup Defero.
Revenue Management Solutions, which provides automatic healthcare payment reconciliation, acquired payment automation provider OrboGraph.
Crypto venture capital firm Dragonfly acquired digital currency hedge fund MetaStable Capital.
Accounting platform Sage Group acquired accounting software builder Lockstep.
ClaimLogiq, a healthcare payment integrity platform, completed a recap with private equity firm Eir Partners.
Crypto investment fund Galaxy Digital walked away from its plan to acquire crypto custody firm BitGo for $1.2 billion.