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Category: Fintech and Finance

Sampo continues Nordea exit with €745m ABB

The Finnish financial services group is focusing on its insurance assets following pressure from activist hedge fund Elliot International

Canoe Intelligence impressed customers Blackstone, Carlyle so much they’ve led an extended Series A round

Private equity giants Blackstone and Carlyle have led an oversubscribed Series A extensions for fintech business Canoe Intelligence after being impressed as customers of the company. The post Canoe Intelligence impressed customers Blackstone, Carlyle so

AnaCap Financial buys into WebID to capture offline-to-online channel shift in large banks

Specialist mid-market investor AnaCap Financial has bought into German digital identification provider WebID amid what is says is an increasingly important offline-to-online channel shift. The post AnaCap Financial buys into WebID to capture offline-to-online channel

ECI Partners reinvests in HomeProtect parent Avantia, seals 3x exit multiple

ECI Partners has tapped ECI 11 to reinvest in virtual insurer Avantia, leading to a full realisation for ECI 9. The deal is the tenth exit from the fund to generate a gross multiple of

Funds bypass banks as they ride the private debt boom

Investors have been ploughing capital into private credit funds. Lina Saigol and Selin Bucak ask if the strategy can continue to deliver

SunTx Capital ends more than 15-year NBIS ownership through sale

After more than 15 years in its portfolio, SunTx Capital Partners has sold NationsBuilders Insurance Services. The post SunTx Capital ends more than 15-year NBIS ownership through sale first appeared on AltAssets Private Equity News.

VC firm line up to help financial wellness platform Origin to $400m valuation

Financial wellness platform Origin has closed its Series B funding round on $56m, which has brought its valuation up to $400m. 01A, General Catalyst and Lachy Groom acted as the lead investors to the Series

AMB :- Global fintech market size to grow a CAGR of 8.5% to reach $191bn in 2028

Laxman Pai, Opalesque Asia: The global fintech market size was USD 100.09 billion in 2020 and is expected to register a revenue CAGR of 8.5% to reach USD 190.80 billion during 2021 - 2028, boosted

Hg buys majority stake in Waterland-backed Serrala

Hg has acquired a majority stake in B2B payment and financial process automation company Serrala, a portfolio company of Waterland Private Equity.

Private equity powerhouses are sitting on piles of uninvested cash

Banks are also stashing large sums, with Bank of America deploying excess liquidity more so than most peers

FinTech Collective raises $250m across new core fund, DeFi-focused vehicle

Venture Capital firm FinTech Collective has closed a pair of funds, which have a combined value of $250m and will invest into FinTechs around the world. The post FinTech Collective raises $250m across new core

Spac fintech backed by celebrities Leonardo DiCaprio and Orlando Bloom

California-based Aspiration offers what it calls “sustainability as a service”

InCred Finance and KKR India Financial Services Merge to Create Diversified Lending Platform

• KIFS and the retail non-banking finance company of InCred will combine to form an enhanced lending business operating under the InCred Finance brand name, with a US$750 million balance sheet • KKR will be

AMB :- SALT announces agenda, safety protocols for upcoming New York event

SkyBridge Capital&`s SALT Conference is returning as an in-person event in New York from September 13-15. This year&`s event will focus on three main pillars FinTech/digital assets; healthcare and biotechnology, ...Article Link

SALT announces agenda, safety protocols for upcoming New York event

SkyBridge Capital's SALT Conference is returning as an in-person event in New York from September 13-15. This year's event will focus on three main pillars FinTech/digital assets; healthcare and biotechnology, and ESG...Article Link

Lightyear Capital hires ex-Fiserv CIO Marc West as senior advisor to $1.2bn Fund V

Financial services focused private equity firm Lightyear Capital appointed Marc West as senior advisor to Fund V to support its fintech investments. The post Lightyear Capital hires ex-Fiserv CIO Marc West as senior advisor to

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