Hello Fintech Friends,
Today’s newsletter is brought to you by our friends at Stablecon. Hope everyone had a great July 4! Here are the fintech stories that stood out this week.
Plaid, which is also the parent company of TWIF, is considering a U.S. IPO, according to Bloomberg. Of course, public-market momentum is not just a U.S. story. In Manila, Mynt, the operator of Philippine super app GCash, filed for an IPO that could raise up to $1.5 billion, potentially making it the largest public listing in Philippine history.
Crypto infrastructure was also a major theme. Maple, the digital asset manager focused on institutional credit, launched syrupUSDG on Robinhood Chain, bringing its institutional credit strategies to Global Dollar (USDG), the regulated stablecoin issued by Paxos on behalf of the Global Dollar Network. Meanwhile, Figure closed a $300 million prefunded securitization through Figure Connect, providing loan originators with committed forward funding and greater funding certainty.
Reads of the Week
IPOs & SPACs
Plaid, the San Francisco-based API network that lets fintech apps connect to customer accounts and the parent company of This Week in Fintech, is reportedly considering a US IPO after an employee-liquidity round earlier this year valued the company at $8 billion, Bloomberg reports.
Mynt, the operator of Philippine fintech super app GCash, filed for an IPO that could raise up to $1.5 billion, which would become the country's largest-ever listing.
Tokenization specialist Securitize, the BlackRock-backed firm putting traditional assets on-chain, has gone public on the NYSE via a SPAC merger that raised $400 million at a $1.25 billion valuation.
Fibe’s parent Social Worth Technologies, the Indian digital lender formerly known as EarlySalary, filed for an IPO that includes a fresh ₹750 crore ($79.3 million) share issue and an offer for sale by existing investors.
M&A - Fintech
Kraken parent Payward has completed a $600 million acquisition of stablecoin payments fintech Reap.
SBI Holdings is acquiring Japanese crypto exchange Bitbank for about $289 million to strengthen its digital asset trading and custody platform.
MoonPay acquired AI accounting platform Entendre to add automated reconciliation, bookkeeping, treasury, and reporting workflows to its crypto infrastructure offering.
Finova acquired AI lending firm Cubit Labs to automate intermediary workflows and support its long‑term “future of lending” strategy.
Matic bought Policygenius’ property and casualty insurance book, adding nearly 30,000 home, auto, and personal lines policies to its embedded insurance platform.
M&A - Banks and Financial Institutions
Regions Financial acquired Frazer Lanier, an Alabama-based investment bank, as a bolt‑on deal to expand its capital markets and municipal finance capabilities.
Canada’s EQ Bank completed its acquisition of PC Financial.
Colony Bank is buying First Reliance in a $163 million stock-and-cash merger that will create a roughly $5 billion-asset Southeast bank focused on Georgia and South Carolina.
Commerce Bancshares is buying St. Louis‑based middle‑market investment bank Nolan & Associates.
Catalyst Bancorp is acquiring Lakeside Bancshares after Lakeside shareholders and regulators approved their pending bank holding company mergers, which are expected to close around July 14, 2026.
