Hello Fintech Friends,
No time to read this week's newsletter? Catch up on all the week's news with our weekly headline podcast:
Please find another week of fintech exits and deep reads below.
(👍👎 Have feedback for us? Let us know! Find me at @nikmilanovic, @twifintech, and @ndm)
📺
Sponsored Content
Software pricing models are moving from seats to usage with the proliferation of AI – don't get left behind. Metronome is a usage-based billing platform built to help companies launch and iterate pricing faster, give customers better control over spending, and drive strategic decisions with real-time insights. Learn about OpenAI's pricing playbook, or watch our on-demand webinar to see our product action.
Want to sponsor a newsletter? See our sponsorship information here.
📖 Reads of the Week
☯️ Exits
💻 IPOs & SPACs
Fintech SPAC FACT II Acquisition Corpannounced the pricing of a $175 million IPO.
🤝 M&A - Fintech
StarComplianceexpanded its cryptocurrency compliance capabilities through the acquisition of AER Compliance, bolstering its regulatory tech solutions.
SolomonEdwardsacquiredDominion Advisory Group, enhancing its expertise in finance, risk management, and compliance consulting.
Regnologyacquired the regtech division of Vermeg, strengthening its regulatory technology offerings and expanding its market reach in compliance solutions.
And it just hit $200 billion.
One of the only crypto TVL (market cap) run-ups that's not driven by price speculation; this is what real adoption looks like. https://t.co/i9sFjT2L2q pic.twitter.com/S4sZZihWiW— Nik (@NikMilanovic) November 30, 2024
🏦 M&A - Bank and FinServ
Moody'sacquiredNumerated Growth Technologies, a loan origination platform for financial institutions, to enhance its lending technology offerings.
Evelyn Partnerssold Smith & Williamson, the professional services division of the one of Britain’s largest wealth managers, to private equity firm Apax Partners for £700 million, streamlining its wealth management portfolio.
Ally Financial is weighing the potential sale of its credit card business to focus on core operations, considering market interest and strategic alignment.
Mubadala Investment Companyplans to take Canada’s CI Financial private, leveraging a significant acquisition to strengthen its global investment portfolio.
Edelweiss GrouphiredNomura to explore the sale of a stake in its mutual fund unit, seeking to attract strategic investors and drive growth.
D.E. Shawis seeeking buyers for $400 million worth of Spanish real estate assets as part of its investment repositioning strategy.
It is pretty exceptional how quickly ETH transaction times and costs have dropped in the last year.@brian_armstrong had a good reminder at a recent Goldman conference: text messages used to cost $0.25.
It won't be too long before payments providers will switch to giving the… pic.twitter.com/xnXU34ZMnA— Nik (@NikMilanovic) November 25, 2024
Revolut has hit 50M customers globally.📈
But it’s not just the scale—it’s how they’re scaling that stands out.
In 2024 alone:
→ +10M users
→ $45B valuation
→ $545M pre-tax profits
Here’s what sets them apart:— Nik (@NikMilanovic) November 25, 2024
📺
Sponsored Content
Software pricing models are moving from seats to usage with the proliferation of AI – don't get left behind. Metronome is a usage-based billing platform built to help companies launch and iterate pricing faster, give customers better control over spending, and drive strategic decisions with real-time insights. Learn about OpenAI's pricing playbook, or watch our on-demand webinar to see our product action.
Want to sponsor a newsletter? See our sponsorship information here.
🌎 Fintech Around the World
📚 Deeper Reads & Features
Rep. French Hill’s Banking Principles – “Make Community Banking Great Again” (h/t Jason Mikula)
Have a news item for us? Reach out to [email protected]
