This Week in Fintech (9/11)

Hello Fintech Friends,

🎙️ This week on our podcast, Helen sits down with Giorgio Giuliani, product lead for UK merchant fintech provider SumUp, and talks through his philosophy of life. Give it a listen here!

(Psst - if you don’t have your Fintech Formal tickets yet, what are you waiting for?)

Please find another week of fintech exits and deep reads below.

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☯️ Exits

💻 IPOs & SPACs

AIG will spin out and list its life and retirement investment unit, Corebridge, for $1.9 billion.

🤝 M&A - Fintech

Private markets investing platform Republic acquired crowdfunding platform Seedrs for £86.5 million.
Wave Financial, a US digital asset manager, bought a minority stake in Swiss crypto assets firm Criptonite Asset Management.
Australian payments firm Tyro Payments rejected an A$660 million takeover offer from a consortium of private equity investors that it claims undervalue the company.
Private equity firm FFL Partners is selling its stake in outsourced CFO and accounting services provider Accordion to Charlesbank Capital Partners and Motive Partners.
Indian regulators approved fintech giant PayU’s previously disclosed $4.7 billion acquisition of payments gateway Billdesk.

🏦 M&A - Bank and FinServ

SoftBank is nearing a deal to sell Fortress Investment Group to Mubadala for $2 billion.
Principal Financial Group is considering selling its pension fund business in Hong Kong for “a few hundred million dollars”.

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