Hello Fintech Friends,
The year is slowly drawing to a close, but you can find us in Las Vegas for Money2020, New York for a small group dinner, and Cape Town for Africa Tech Summit in the next month, all at https://lu.ma/twif (oh, and also at the Fintech Formal).
Please find another week of fintech exits and deep reads below.
Galileo and Technisys are creating the future of fintech — and we need your help. Our booth will feature professional artists who will actively design a mural based on your ideas in real time. (Psst, if you come by booth #1437 and answer questions for the mural, you’ll be eligible to win a brand new set of AirPods.)
Want to see how you can innovate at scale? Book a 1:1 meeting with us at Money20/20 (hurry, we’ve already booked 100+ meetings).
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☯️ Exits
🤝 M&A - Fintech
Aplazo, a Mexican buy-now-pay-later provider, acquired data insights platform Sensai Metrics to improve its merchant network and help brands manage marketing to customers.
UK business bank OakNorth Bank bought a 50% stake in property lender ASK Partners.
LHV UK, a British financial services provider to fintech and crypto companies, bought the £17.9 small business loan book of Bank North.
🏦 M&A - Bank and FinServ
French bank BNP Paribus signed an agreement to acquire automated currency risk management fintech Kantox.
India has offered to sell a 60.72% stake in its publicly owned $5.6 billion IDBI Bank to a private buyer.
Private equity firm Warburg Pincus will buy a majority stake in Indian small business lender Vistaar Finance.
Pimco, Sixth Street, and Centerbridge are all bidding to acquire the beleaguered Credit Suisse’s securitized products unit.
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🌎 Fintech Around the World
📚 Deeper Reads & Features
Have a news item for us? Reach out to [email protected]
