Mintifi reposted this
Founder / CEO / Managing Partner at Financial Technology Partners / FT Partners / FinTech Partners
This week in #FinTech deal activity: 68 financings and 23 M&A transactions 👉 Two large strategic acquisitions in the consumer banking / PFM space were announced this week with Gen ~$1 billion acquisition of MoneyLion (NYSE:ML) and Upbound Group’s $460 million purchase of Brigit 📊 View or download the weekly infographic below or here: https://lnkd.in/gR8gQnwg 💰 Largest / Notable Deals This Week: • Provider of AI technology for lending Zest AI raises $200 million in growth financing led by Insight Partners • India-based supply chain financing company Mintifi raises $180 million in its Series E led by Prosus Ventures and Teachers' Venture Growth (Ontario Teachers' Pension Plan) at a valuation of $850 million • European investment API / infrastructure provider Upvest raises €100 million (~$105 million) in Series C financing led by Hedosophia • Singapore-based online brokerage Longbridge raises $100 million in financing • Athlete safety and sports insurance solutions provider Players Healthraises $60 million in Series C financing led by Bluestone Equity Partners • Gen (NASDAQ: GEN) agrees to acquire consumer finance platform MoneyLion for ~$1 billion to expand its financial wellness offerings outside its current focus on consumer cybersecurity and identity protection through its brands including Norton and LifeLock • Upbound Group (NASDAQ: UPBD) agrees to acquire financial health platform Brigit for $460 million to leverage Brigit’s proprietary data and tech stack to improve risk management and fraud prevention for its existing brands Acima and Rent-A-Center Current, Jiko, Klickl, Mynt, Equals Money, J.C. Flowers & Co., TowerBrook Capital Partners L.P., Railsr, IDVerse - An OCR Labs Company, LexisNexis Risk Solutions, Receeve, InDebted, Odevo, Computershare