Hello Fintech Friends,

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)

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📖 Read of the Week

☯️ Exits

💻 IPOs & SPACs

  • Michigan bank Northpointe Bancshares priced its initial public offering at $14.50 per share, offering 10,420,000 shares of common stock and raising $1 million at a $500 million valuation.

🤝 M&A - Fintech

  • Shift4 to Acquire Global Blue: Shift4 Payments announced a $2.5 billion acquisition of travel tax refund provider Global Blue to enhance services for luxury retailers. This comes after it acquired Canada's Eigen Payments in December and Germany's Vectron in June.

  • Adecoagro Reports Tether's Bid: Energy and farming provider Adecoagro disclosed that Tether submitted a bid to acquire a majority stake in the company.

  • LexisNexis Risk Solutions Completes IDVerse Acquisition: LexisNexis Risk Solutions finalized its acquisition of IDVerse, expanding its digital identity verification capabilities.

  • Surecomp Acquires Elcy: Surecomp acquired UK-based digital trade finance firm Elcy, enhancing its trade finance solutions.

  • Payoneer Receives Chinese Approval: Payoneer obtained approval from Chinese authorities to acquire a local payment service provider, expanding its presence in China.

  • Market Pay Acquires Denmark's AltaPay: Market Pay acquired Danish payment service provider AltaPay, strengthening its European footprint.

  • Viva Acquires Majority Stake in Fiskalttrust: Viva Wallet acquired a majority stake in Fiskalttrust, expanding its services in the fiscalization sector.

  • Motus Acquires Everlance: Motus acquired Everlance, extending its reach in mileage and expense tracking solutions.

  • Paperchase Accountancy Receives Investment from BGF: Paperchase Accountancy received a minority growth investment from BGF to pursue global expansion opportunities.

  • HiBob Acquires Mosaic: HiBob acquired US fintech Mosaic to integrate AI-powered financial management into its HR platform.

🏦 M&A - Bank and FinServ

  • Perpetual received a revised proposal from KKR to acquire its wealth management and corporate trust units. The initial A$2.2 billion deal faced delays due to unexpected tax liabilities, reducing anticipated cash proceeds per share. The updated offer aims to address these issues, but specific financial details are still under negotiation, leaving shareholder profits yet to be finalized.

Agentic Commerce is going to be a big deal this year.

Coinbase Commerce (@CommerceCB) can help get your shopping cart AI Agent enabled. And @CoinbaseDev can help give your AI Agent a wallet.

Get in touch. Let's make this happen. https://t.co/em5w1chy6a— Brian Armstrong (@brian_armstrong) February 17, 2025

I like this framing of the different "payments eras" and associated business models pic.twitter.com/816ocjWle1— Nik (@NikMilanovic) February 20, 2025

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Sponsored Content

Find out how TeamGantt eliminated friction in the payment process, leading to a 19% boost in checkout conversions, over 90% payment acceptance rate, and a 20% increase in retention with Paddle. 

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

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