Hello Fintech Friends,
We’re looking for volunteers to join us for The Fintech Formal! If you’d be interested in helping us out from 3pm through the event on Friday, 11/11, drop us a line and let us know. (All volunteers get free tickets.)
And congrats to Scott Rosenblum, who won a free ticket from our twitter giveaway! We’ll have more soon.
Where else can you find us in the meantime?
Please find another week of fintech exits and deep reads below.
Fintech Meetup Registration is now open! Get tickets at the lowest rate we’ll offer! We’ve got the world’s best meetings tech platform – we’ll facilitate 30,000+ in-person meetings at our event (March 19-22 at the Aria, Las Vegas). Our tech works and the proof is in the pudding: The past 2 Fintech Meetups (both were virtual events) facilitated over 50,000+ meetings. First 100+ speakers just announced - See the list here. Get your individual or bulk tickets now before prices go up. Click here to register.
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If you’re looking to hire from a group of 10,000+ smart, motivated fintech professionals, come pick up a Collective Pass and post a job here.
If you’re looking for your next adventure at one of the best fintech companies, check out the open roles here and sign up to be matched with Fintech companies here!
☯️ Exits
💻 IPOs & SPACs
Corebridge Financial, the retirement spinout from AIG, raised $1.7 billion in its IPO at the low-end of its price range ($21).
🤝 M&A - Fintech
Global fintech M&A is on the rise in the first half of the year, with 591 recorded deals (up from 406 last year) as valuations fall and companies become buy targets.
Megabank JP Morgan acquired fintech merchant acquiring payments processor Renovite to provide an alternative to Stripe and Block to businesses accepting payments (the latest in a long fintech acquisition spree by the bank).
One-click checkout provider Bolt officially called off its planned $1.5 billion acquisition of crypto on/off-ramp Wyre.
Business payments provider BottomlineacquiredNexus Systems, an accounts payable and payments automation software for real estate and property management.
Financial services research firm Acuity Knowledge acquired financial institution analytics firm Cians Analytics.
Accounting and tax prep provider FMS Solutions acquired rival Retail Financial Services.
Private equity firm Warburg Pincus is evaluating acquiring a 30% stake in Indian “shadow bank” lender Vistaar for $150 million.
🏦 M&A - Bank and FinServ
Private equity firm KKR is negotiating a stake in Indian financial services firm Avendus Capital for $500 million.
Western Union is gearing up for a launch across Latin America with its acquisition of Te Enviei, a Brazil-based digital wallet.
Intercom's hosting an upcoming webinar on Scaling your fintech customer support operations featuring Norah Ikoh, Head of CX Operations at Kuda and Olaseike Ibojo, Customer Success Manager, Disputes at Paystack, moderated by Alan Mc Glinchey, Startups at Intercom to share best practice on scaling customer support operations.
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🌎 Fintech Around the World
📚 Deeper Reads & Features
Have a news item for us? Reach out to [email protected].
