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Hello Fintech Friends,

Today’s newsletter is brought to you by our friends at Utila.

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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From stablecoin payments to trading operations and treasury management, Utila powers digital asset operations for 250+ leading institutions. The operating system for digital assets, purpose-built for fintechs and enterprises.

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News coverage written and provided by Rachel Chang.

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Read of the Week

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Exits

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IPOs & SPACs

  • Shawbrookplans a London IPO in 2025 to fund growth and boost its profileΒ , targeting a potential valuation at around Β£2 billion (~$2.7 billion).

  • Optasia aimsto raise $375 million through a Johannesburg Stock Exchange listing, selling shares and using the proceeds to acquire companies and expand its AI fintech operations.

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M&A - Fintech

  • Coinbase and Mastercardheld advanced acquisition talks to buy BVNK, the UK-based stablecoin platform, in a deal valued between $1.5 billion and $2.5 billion; terms and the winning bidder have not yet been finalized.

  • GrantdacquiredStockOpter, a platform that helps financial advisors model and track equity award strategies, to expand its AI-powered equity compensation guidance and planning tools.

  • Juniper SquareacquiredTenor Digital, an AI-enabled platform for private credit lenders and loan administrators, expanding its unified platform for GPs as the private credit market is estimated to reach $3 trillion AUM by 2028.

  • xpanding its role as the leading operations partner for GPs in private credit.

  • OpenAIacquiredRoi, an AI-powered personal finance app, to advance personalized consumer AI solutions.

  • RampacquiredJolt AI to strengthen its core AI platform and enhance the internal developer experience for building AI-powered products.

  • Synchrony FinancialacquiredVersatile Credit, a financing software provider, to provide in-store and online credit offerings for retail merchants and healthcare providers.

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M&A - Banks and Financial Institutions

  • Fifth Third Bancorpagreed to acquire Comerica in a $10.9 billion all-stock deal, creating the 9th largest U.S. bank with around $288 billion in assets under management.

  • HSBCannounced plans to buy out minority investors in Hong Kong's Hang Seng Bank through a $13.6 billion offer.

  • Huntington Bancshares and Veritex Holdingssecured all required regulatory approvals for its pending merger, with closing expected October 20, 2025.

  • Franklin TempletonacquiredApera Asset Management, a pan-European private credit firm, strengthening its global alternative credit platform to over $90 billion AUM.

SPONSORED

From stablecoin payments to trading operations and treasury management, Utila powers digital asset operations for 250+ leading institutions. The operating system for digital assets, purpose-built for fintechs and enterprises.

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

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