This Week in Fintech (9/4)

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

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☯️ Exits

🤝 M&A - Fintech

Roboadvisor Wealthfront snuck a late press release over the wire Friday night, announcing that bank UBS had decided to abandon its proposed $1.4 billion acquisition of the fintech. The bank will instead provide Wealthfront with $70 million in equity funding at the same valuation. We can only speculate as to why the deal was called off, but more details will likely emerge in the coming weeks.
PostEx, a Pakistani e-commerce delivery, payments, and lending provider with a $12 million monthly loan book, will acquire logistics provider Call Courier.
Infront, a wealth tech builder for Europe, will acquire wealth management software rival Assetmax.
US capital table management provider Carta acquired UK rival Capdesk.
Blik, a Polish mobile payments operator, is acquiring Viamo, a Slovakian payments firm.
Private equity firm Genstar Capital acquired capital markets risk management technology Numerix.
LevelField Financial, a fintech for traditional and digital asset management, acquired broker-dealer Netshares Financial Services.
Fund administrator Apex Group is acquiring Brazilian alternative asset administrator MAF.
Goldman Sachs completed its acquisition of wealth management fintech NextCapital Group.
Investor Jupiter Fund Management is looking to sell its entire 10% stake in Starling Bank months after the digital lender's valuation passed £2.5 billion.
Distressed asset purchaser Lone Star was awarded $216.5 million in damages for South Korea’s delay of its acquisition of Korea Exchange Bank.