Two weeks into 2023, we have two billion-dollar fintech acquisitions (TWIF 1/15)

Photo Credit: Matt Longmore

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

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☯️ Exits

🤝 M&A - Fintech

It’s been quite a week at Duck Creek! The enterprise insurance software provider acquired Swiss payments platform Imburse Payments, and was then itself acquired 4 days later in an all-cash transaction by Vista Equity Partners at a $2.6 billion valuation.
Canadian card issuing, banking, risk and payments provider Nuvei announced the $1.3 billion all-cash acquisition of US-based Paya, which “helps customers such as insurers, utilities and nonprofits collect payments, process checks and perform additional services.”
Global remote payroll provider Deel acquired equity and cap table management provider Capbase for an undisclosed sum.
US asset manager Fidelity acquired automated equity management operations provider Shoobx, in its first acquisition in 7 years.
Israeli financial infrastructure firm Pagaya acquired single-family home rental platform Darwin Homes in its first acquisition.
Twenty7Tec, a UK mortgage technology provider, acquired digital engagement specialist Meet Parker 18 months after first investing in it.
Canadian stock exchange operator TMX Group acquired a 21% stake in data, analytics, and indexing company VettaFi for $175 million.
Regulatory technology startup Cube acquired regulatory data analysis firm The Hub.
Fintech and data analytics provider GoLogic entered an agreement to acquire startup Nest Egg Investments for $30 million in an all-stock transaction.
Asset manager BlackRock acquired Human Interest, a startup that offers 401k plans.
African payments giant Flutterwave is reportedly in talks to acquire UK embedded banking firm Railsr at a discount to its latest round.
Alibaba sold the $125 million stake that it held in Indian payments firm Paytm.
Bankrupt crypto lender Voyager Digital received preliminary approval for its acquisition by Binance.

🏦 M&A - Bank and FinServ

Deloitte’s UK arm sold its pensions business to the private equity-backed KPMG spin-off Isio.
Canadian financial services group Canaccord Genuity’s management made a $1.127 billion takeover bid for the company.
Standard Chartered bank is considering selling off its $3.7 billion aircraft leasing business.