Hello Fintech Friends,
We would officially like to welcome payroll and employment verification provider Argyle as a Silver Sponsor for our upcoming Fintech Formal! Tickets are going fast, with all Earlybird and GA Early tickets sold out.
📰 Content Announcement: We’re splitting up this newsletter, which comes out on Fridays, Saturdays, and Sundays, into three separate sections:
Headline News (Fridays)
Fundraises (Saturdays)
Exits & Deeper Reads (Sundays)
You can now choose which of the three you’re subscribed to (as well as unsubscribe from any, if you’re getting too many emails!) on your Account Page.
Please find another week of fintech exits and deep reads below.
Fintechs are the hottest targets for fraud. Watch this in-depth chat with fraud experts from Lili Bank and Paypal as they discuss how fintech Risk & Compliance leaders can take control of fraud via building robust fraud management teams through data visibility, empowering risk & compliance professionals with tools, and using automation to proactively stop bad actors.
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☯️ Exits
🤝 M&A - Fintech
Private equity firm Vista Equity Partners announced that it will acquire automated tax compliance software builder Avalara in an all-cash deal for $8.4 billion.
Core banking provider Jack Henry & Associates will acquire API-based payment provider Payrailz.
South African neobank TymeBank is acquiring small business lender Retail Capital.
Enterprise software provider Convenient Brands acquired auto dealership payment startup Dealer Pay.
Private equity firm Motive Partners sold equity management software Global Shares to bank J.P. Morgan.
Crypto builder Ripple is looking into acquiring the distressed assets of bankrupt crypto lender Celsius.
🌎 Fintech Around the World
📚 Deeper Reads & Features
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