Hello Fintech Friends,

Today’s newsletter is brought to you by our friends at Newline, by Fifth Third.

We were excited for Jørn and our friends at Bmoni*, who this week came out of stealth:

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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News coverage written and provided by Rachel Chang.

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Reads of the Week

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Exits

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Exits

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IPOs & SPACs

  • PicPayplansfor a U.S. IPO as the Brazilian mobile banking app seeks to raise up to $500 million.

  • Exzeoplans for a U.S. IPO, where the insurance fintech aims to raise $176 million at a $2 billion valuation.

  • White Pearl Acquisition Corp.filedfor a $50 million SPAC IPO targeting fintech and information technology businesses.

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M&A - Fintech

  • Xero acquired Melio, a U.S. SMB bill pay platform, for $2.5 billion to unite accounting and payments in a single platform for U.S. customers.

  • SS&C Technologies acquiredCalastone, a UK-based global funds network, in a $1 billion deal.

  • Ripple acquired GTreasury to enter the corporate treasury software market and expand its offerings into liquidity management.

  • Revolut acquired Swifty, an AI travel-assistant startup incubated at Lufthansa Innovation Hub, to enhance its loyalty and lifestyle products.

  • Payrocacquired BlueSnap, a payments and AR-automation platform, to expand its cross-border payments and invoicing capabilities.

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M&A - Banks and Financial Institutions

  • First Citizensagreed to acquire 138 BMO branches across 11 U.S. states, assuming over $5.7 billion in deposits and $1.1 billion in loans.

  • BTG Pactual announced a merger with Banco Pan in Brazil to incorporate shares of Banco Pan, making Banco Pan an indirect wholly-owned subsidiary.

SPONSORE

Are you ready to grow your fintech with scalable, API-enabled payments? Backed by a leading financial institution, Newline™ by Fifth Third empowers enterprise fintechs to effortlessly launch and scale payment, card and deposit products directly with Fifth Third Bank.

Learn more at newline53.com

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

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