Hello Fintech Friends,
The $500 million IPO of Detroit-based OneStream, a fintech founded in 2010, may be a sign that the public offering window is finally opening back up for large, well-run, profitable fintechs.
Please find another week of fintech exits and deep reads below. (👍👎 Have feedback for us? Let us know!)
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Sponsored Content
Raising debt capital is a crucial requirement for card, lending, and neobank startups, but most fintech operators don’t come from a capital markets background. That’s why Finley and Cross River Bank put together this comprehensive guide to raising debt capital. It outlines the people, processes, and partners you need to assemble to execute a debt capital raise. Download your free copy here.

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📖 Reads of the Week

☯️ Exits
💻 IPOs & SPACs
OneStream, an enterprise software firm whose products provide financial platforms for businesses – from financial planning to forecasting to analysis – raised $490 million at a $6.2 billion valuation in its IPO, seeing its shares jump 34% in their first day of trading.
Ebury, a UK firm which provides 50,000 clients with services such as international payments, collections, risk management and financing, pickedGoldman Sachs for its upcoming £2 billion IPO.
🤝 M&A - Fintech
Payment processor Stripe acquired startup Lemon Squeezy, which acts as the merchant of record for online subscription businesses, to handle their tax compliance burden and subscription payments.
Private equity firm Genstar Capital took a majority stake in Docuspace, a fintech that digitizes back-office operational workflows for RIAs and broker-dealers.
Small business banking platform Rho acquired creator payments company Creative Juice.*
Singaporean fintech, ride-hailing, and food delivery app Grab will acquire restaurant reservation platform Chope.
Sokin, a European provider of international payments tech, received strategic funding from Morgan Stanley.
Media giant Informa announced that it will acquire Ascential, the owner of the Money2020 conference, for a consideration of £1.2 billion.
🏦 M&A - Bank and FinServ
Italian bank UniCredit agreed to buy Polish banking services provider Vodeno and Belgian neobank Aion Bank for about €370 million, to expand into both regions.
Designer: "how good you want this animation to be?"
Apple: "yes" pic.twitter.com/Ywre5uu3Up— Adan (@durreadan01) July 25, 2024
to be fair,
when founding a startup to detect crypto crimes
nobody has more subject matter expertise than a former crypto crime-committerhttps://t.co/vf28uiVeC0 pic.twitter.com/f9pvVnvoLl— Nik (@NikMilanovic) July 27, 2024
💡
Sponsored Content
Raising debt capital is a crucial requirement for card, lending, and neobank startups, but most fintech operators don’t come from a capital markets background. That’s why Finley and Cross River Bank put together this comprehensive guide to raising debt capital. It outlines the people, processes, and partners you need to assemble to execute a debt capital raise. Download your free copy here.

Want to sponsor a newsletter? See our sponsorship information here.
🌎 Fintech Around the World
📚 Deeper Reads & Features
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