Market Rumors—nripn—September 4, 2024

Fintech startups go public on different schedules than their boards predict, and 2024's most-watched IPO list proves the point. Of the dozen companies F-Prime Capital flagged as ready candidates in its State of Fintech 2024 report, only two have made the leap. The rest are still private, with mixed messaging on when (or whether) they

Market Rumors—nripn—September 4, 2024

Envestnet stock jumps in early 2024 turned out to be the cleanest leading indicator the wealth-tech sector produced that year. The 9% pop on rumour of a private-equity sale, with shares trading near $61.31, preceded the formal Bain Capital announcement by months. Eighteen months later, Envestnet is a private company under a $4.5 billion take-private,

Jobs Market News—nripn—September 4, 2024

Most stable tech sectors looked very different in early 2024 than they do today. The 2024 framing pointed at three: AI, cybersecurity, and fintech. Eighteen months and 245,000 tech layoffs later, only one of those held up cleanly, one held up only at the top of the pyramid, and the third produced its biggest stories

Jobs Market News—nripn—September 4, 2024

Fintech revolution offers multiple new advantages for mid-career professionals in 2026, even as the broader tech sector has shed 245,000 jobs over the past 18 months. The 2024 thesis that experienced operators had unusual leverage in fintech turned out to be more right than wrong. AI has eaten entry-level workflows faster than mid-career specialists, and

Jobs Market News—nripn—September 4, 2024

Baltic fintech players have quietly become one of Europe's most concentrated startup clusters. Estonia, Latvia, and Lithuania often get overlooked by global business leaders, yet the three countries have built dense fintech ecosystems spanning more than 500 active companies. Wise (formerly TransferWise) in Estonia, Vinted in Lithuania, and Revolut all carry unicorn valuations above $1

Jobs Market News—nripn—September 4, 2024

Finance professionals leaving the UK sector now sit at 72%, according to the Medius Financial Census published this week. The survey of UK finance staff also found that 75% would not recommend a career in finance to Gen Z workers born between 1996 and 2010. Burnout, below-market compensation, and persistent administrative overhead emerged as the

Corporate Acquisitions—nripn—September 4, 2024

Fintech acquisitions returned to the deal table in March 2024 after a quiet 2023, with several announcements landing across UK retail banking, Danish SME lending, Swiss revenue-based financing, open banking payments, and UK adviser technology. The fintech acquisitions covered below were announced between 4 March and 26 March 2024, with buyers based in the UK,

Corporate Acquisitions—nripn—September 4, 2024

Fintech IPO Index activity centred on deal news in early April 2024, with the index falling 2.9% over the week. The Fintech IPO Index drop came even as the two largest movers, Nuvei and Doma Holdings, gained ground on news of agreed take-private transactions, while Sezzle shares plunged 29.6% on disclosed short-seller interest. Fintech IPO

Corporate Acquisitions—nripn—September 4, 2024

European fintech acquisitions returned to the deal calendar in June 2024, with four announcements landing across UK retail banking, French SME banking, Swedish e-commerce checkout software, and German point-of-sale systems. The European fintech acquisitions covered below were announced between 14 June and 24 June 2024, and involved buyers from the United Kingdom, Denmark, the United

Corporate Acquisitions—nripn—September 4, 2024

Mid-market fintech and payments companies attracted increased private equity (PE) buyout interest in Q1 2024, according to a May 2024 analyst note from PitchBook titled "Quarterly Fintech M&A Review: PE Goes After Middle-Market Fintechs". The mid-market fintech segment, which sits between small early-stage startups and large established players, has drawn buyer attention for its growth

Corporate Acquisitions—nripn—September 4, 2024

Cross-border payments provider Corpay, Inc. (NYSE: CPAY) signed a definitive agreement on 19 June 2024 to acquire GPS Capital Markets, LLC, a US-based provider of business-to-business cross-border and treasury management solutions to upper middle market companies. Corpay's investor presentation accompanying the announcement disclosed a transaction value of $725 million. GPS Capital Markets ranks as the

Corporate Acquisitions—nripn—September 4, 2024

Fintech mergers and acquisitions in 2023 came against a backdrop of reduced deal activity, with PitchBook recording only 128 M&A deals in the first half of the year compared with 248 in H1 2022 and 188 in H2 2022. According to S&P Global Market Intelligence, the segments still drawing fintech mergers interest in 2023 included