This Week in Fintech (3/27)

Hello Fintech Friends,

Welcome to a (slightly slower-than-usual) week of fintech M&A!

Please find another week of fintech exits below.

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☯️ Exits

💻 IPOs & SPACs

Indonesian superapp builder GoTo Group raised about $1.1 billion in its IPO.
Japanese crypto exchange Coincheckannounced that it will list on the Nasdaq via a merger with the SPAC Thunder Bridge Capital Partners IV at a $1.25 billion valuation.

🤝 M&A - Fintech

Apple quietly acquired UK open banking credit underwriting startup Credit Kudos for $150 million, likely to help expand its Apple Card in the country.
Validus, a Singaporean small business lending fintech, will acquireCitibank’s Singaporean business loan portfolio.
Crypto exchange Blockchain.com announced that it will acquireAltonomy’s over-the-counter trading desk.
Neobank Chetwood Financialacquired its core banking provider Yobota.

🏦 M&A - Bank and FinServ

Uruguay’s Banco Itaú will acquire 30% ownership of Uruguayan fintech companies Prex and Paigo. Prex offers digital financial services to 1 million clients across Argentina, Uruguay, and Peru, while Paigo provides financial services for the unbanked.
The London Stock Exchange Group will sell its $1 billion BETA+ wealth assets to a consortium of private equity investors.

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