Exits & Deep Reads

The stablecoin race is on (TWIF 8/18)

Carl Cox behind the booth in the 90s

Hello Fintech Friends,

Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)

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📖 Reads of the Week

Risk-based Capital for Stable Value Tokens

This paper introduces Token Capital Adequacy Framework (TCAF), a risk-based capital framework designed for stable value tokens, including stablecoins, deposit t

See all articles by Gordon Liao

☯️ Exits

💻 IPOs & SPACs

Klarna is reportedly close to picking Goldman Sachs as the lead banking in an IPO that would value the consumer fintech startup at around $20 billion.

🤝 M&A - Fintech

TipRanks, an Israeli AI-based stock tip evaluator – created after its founder got burned by bad advice – was acquired for $200 million by Prytek, a tech infrastructure-as-a-service group.
Global credit bureau and fraud signal provider Experian acquired NeuroID, which uses machine learning to provide anti-fraud behavioral analytics.
Janus Henderson, a credit fund with $36 billion in assets under mangement, acquired Victory Park, a $6 billion credit fund and frequent lender to fintechs.
Jai Kisan, which provides instant credit options for rural India, secured a non-banking financial company (NBFC) license through its acquisition of Kushal Finnovation Capital.
Jack Dorsey's Block announced its acquisition of Sliderule, a no-code rules engine for risk and fraud teams.
British private equity firm Bridgepoint is considering a bid to acquire French order-to-cash software Esker.
Private equity giant Blackstone acquired a majority stake in hotel tax and accounting platform M3.

🏦 M&A - Bank and FinServ

Canada's Bank of Nova Scotia is investing the US by taking a $2.8 billion 15% minority stake in regional lender KeyCorp.
A group of private equity purchasers have agreed to acquire UK investment bank Hargreaves Lansdown at a £5.4 billion valuation.
European private equity firm CVC won the mandate to acquire a 26% stake in Indian housing finance corporation Aavas Financiers for ₹130 billion (about $1.5 billion).
Investment manager Houlihan Lokey will acquire Waller Helms, an investment bank that specializes in the insurance and asset-management industries.