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The largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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The Front Page of Global Fintech

The the largest fintech community in the world. Subscribe to our newsletter to stay up to date on the latest in news opinions, and all things financial technology.

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A £1 billion payments IPO comes to London (TWIF 6/11)

A £1 billion payments IPO comes to London (TWIF 6/11)
Photos of Early Pride Parades Capture a Shifting Movement

Hello Fintech Friends,

In a slow fundraising market, fintech exits are happening at a blistering pace, with one upcoming IPO and fifteen fintech acquisitions (two for over $1 billion) all announced this week.

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


☯️ Exits
💻 IPOs & SPACs
  • We have a fintech IPO! British B2B cross-border payments company CAB Payments is planning to list on the London Stock Exchange for a valuation between £800 million and £1 billion.
🤝 M&A - Fintech
  • Financial data and intelligence platform Brightflow announced its acquisition of equity crowdfunding platform CircleUp.
  • Origin, a financial wellness app for employers to help employees, acquired financial education app Finny.
  • Employee compliance technology solutions provider StarCompliance will acquire ETHIX360, an integrated risk and compliance management provider.
  • Capital markets workflow provider Finsemble and Glue42 will merge.
  • Private equity firm Clarion Capital Partners took a stake in Ready Credit, a payment solutions platform that enables cashless operations for consumer facing businesses.
  • Financial services provider Onboard Partners announced its acquisition of Payvus, a small business credit card issuing and capital management business.
  • Business banking platform Rho is reportedly in talks to buy Capital.xyz, the startup previously known as Party Round.
  • Investment banking and wealth management provider Investec took a majority stake in M&A advisor and lender Capitalmind.
  • Payroll software provider Netchex was acquired by private equity firm GrowthCurve Capital for an undisclosed amount.
  • Accounts payable automation software Medius announced its intent to acquire expense management software Expensya.
  • CluneTech, an Irish holding company of multiple tech providers, agreed to sell its payroll software developer to Immedis for €575 million to US multinational UKG.
  • GiveCampus, a fundraising platform for education nonprofits, acquired crowdfunding platform Community Funded.
🏦 M&A - Bank and FinServ
  • Capital One beat out other banks to acquire a digital concierge service, Velocity Black, to integrate as a perk for its premium cardholders.
  • UK bank Barclays is considering major changes to its payments business, including reportedly looking into mergers with other providers.
  • Canadian asset manager Brookfield announced that it will acquire payments provider Network International for $2.2 billion.
  • Visa is reportedly edging out Mastercard in a deal to acquire Brazilian payments provider Pismo for $1 billion.
  • Standard Chartered will sell its Zimbabwe banking business to local bank holding company FBC Holdings.
  • UBS' shotgun acquisition of rival bank Credit Suisse could be completed as soon as June 12th

📺
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🌎 Fintech Around the World

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📚 Deeper Reads & Features

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Goldfinch Founders Talk Triple-Digit Growth and UX Upgrades in DeFi

CFPB: Bank customers ill-served by poorly deployed chatbots

NY Fed: Improving wholesale cross-border multi-currency payments and settlements

Andreessen Horowitz Merges Fintech and Consumer Teams After Some Bets Fizzle

Gary Gensler Is a National Disgrace: It’s Time to Rein Him In

Online Banks Are Winning the Deposit War

Regulating Fintech: 5 Steps To Grow Sustainably

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Have a news item for us? Reach out to news@thisweekinfintech.com