Hello Fintech Friends,

Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)

📺

Sponsored Content

Want to sponsor a newsletter? See our sponsorship information here.

📖 Reads of the Week

☯️ Exits

🤝 M&A - Fintech

  • Private equity firm Veritas Capital acquired the cloud-based digital banking business of software provider NCR Voyix for $2.45 billion in up-front cash.

  • Payoneer, a provider of cross-border payment services to about 2 million businesses in over 190 countries, with a market cap of $2.5 billion, will acquire Singaporean startup Skuad, a global HR and payroll platform, for $61 million in cash.

  • Standard Chartered Bankbecame the fourth bank to invest in United Fintech Group, a rollup vehicle targeting fintech companies for M&A.

  • Dun & Bradstreet, the US data and analytics provider that collects business data used in many financial identity and KYB tools, is exploring a sale at its $9 billion market valuation.

  • Canadian payments giant Nuvei announced that it will acquire Brazil's Instituição de Pagamento (DBA Pay2All), a licensed payment institution, in order to offer comprehensive payment services in Brazil.

  • Vertex, a publicly-listed provider of tax technology solutions, will acquireecosio, a B2B integration provider specializing in electronic data interchange and e-invoicing, for an up-front $69 million payment with $76 million cash and $35 million share earnout.

  • ColCap Financial, an Australian non-bank lender, acquired the remaining 20% stake in mortgage lender Molo Tech that it did not previously own.

  • Flywire, a global payments enablement and software company, acquiredInvoiced, a SaaS platform that enables B2B finance teams to automate the order-to-cash process.

  • Healthcare billing software provider PayMedix acquired healthcare financing platform TempoPay.

  • Sendsprint, an international payment and remittance startup, acquiredNobel Financial, a global remittance service provider.

  • Adenia, a private equity firm focused on Africa, sold its equity stake in OMOA Group, a provider of ATM Installation, ATM maintenance and software solutions, as well as processing and card personalization, to SPE Capital, a Tunisian private equity firm focused on the Middle East.

🏦 M&A - Bank and FinServ

  • France's Société Générale agreed to sell its British and Swiss private banking units to Switzerland's Union Bancaire Privee €900 million.

🌎 Fintech Around the World

📚 Deeper Reads & Features

Have a news item for us? Reach out to [email protected]  

Reply

Avatar

or to participate

KEEP READING