State of Fintech

Igloo, a Singapore-based insurtech, acquired Eazy Digital, a fellow Singapore-headquartered insurtech with operations in Thailand and across Asia. Deal terms were not disclosed.

Parabellum Investments, a London-based PE firm focused on enterprise software and fintech, acquired Crux Informatics, Inc. in a deal announced June 30, 2026; terms were not disclosed.

Turtlemint Fintech Solutions raised $93.38MM in an IPO priced at ₹152/share, comprising a fresh issue of ₹660.7 crore and an OFS of 14.6 million shares (₹221.95 crore); the company listed on BSE and NSE on June 29, 2026, with a post-listing market cap of ~₹3,987 crore (~$422MM).

Baige Online Digital Technology (白鸽在线) raised ~$66.31M USD in an IPO on the HKEX Main Board, priced at HK$15.60 per share.

Hanwha Life Insurance was selected as preferred bidder for EQT Partners' 96.06% stake in Acuon Capital, with the acquisition price reported at approximately 1 trillion KRW. Acuon Savings Bank (100%-owned by Acuon Capital) is included in the package deal.

EFU Life Assurance Limited disclosed a potential acquisition of Waada Digital (Private) Limited; no deal amount was disclosed. The transaction was board-approved on June 29, 2026, but remains subject to due diligence, negotiations, definitive documentation, and regulatory approvals.

Social Worth Technologies (parent of Fibe) filed a DRHP with SEBI for an IPO comprising a fresh issue of up to ₹750 crore (~$211.5MM) plus an OFS of ~4 crore shares by existing investors including TPG (largest seller at 1.17 crore shares), Norwest Capital, Eight Roads Ventures, and others.

Republic Finance was acquired by an investor group led by J.C. Flowers & Co., alongside Nowlake Technology, LLC. CVC Capital Partners, the majority owner, exited its investment. The Phillips family retained an equity stake and Republic's management team remained in place. Deal amount was not disclosed. The transaction is expected to close in H2 2026.

Cogna, through its subsidiary Somos Sistemas de Ensino, acquired Educbank in a deal recorded at $8.92MM, with payment to be made in full at deal close.

ReSource Pro acquired the technology, IP, and core team of Flow Specialty in a reverse acqui-hire; deal amount was not disclosed.

Obol, an AI-powered cash flow management platform, was acquired by Priority Software (a Blackstone portfolio company) on 2026-06-25. Deal terms were not disclosed.

Identiq, an Israeli startup developing cryptographic peer-to-peer identity validation technology, was acquired by Incode Technologies. No deal amount was disclosed.

Bluewater acquired Suilend, a lending protocol on the Sui blockchain. No deal amount was disclosed.

PayPoint acquired AperiData, a real-time credit reference agency and Open Banking platform, on 2026-06-24. Deal amount was not disclosed. PayPoint had previously made a £1M strategic investment in AperiData prior to the full acquisition.

SBI Holdings signed a basic agreement and share transfer agreement to acquire all shares of Bitbank, moving to make the Japanese crypto exchange a wholly owned subsidiary. No deal amount was disclosed.

LiNKX, Inc. (TSE: 584A) completed its IPO on the Tokyo Stock Exchange on Jun. 23, 2026 at a public offering price of JPY 790 per share; deal amount was not disclosed.

SoFi Technologies (NASDAQ: SOFI) acquired Composer Securities LLC, an AI-powered systematic investing platform, on June 23, 2026. No deal amount was disclosed.

Backbase acquired Kasisto on June 23, 2026; deal terms were not disclosed.

Reservoir Co. acquired Contain Inc. in its first-ever corporate acquisition; deal amount was not disclosed.

MoonPay acquired Entendre, an AI-enabled digital asset finance operations platform. No deal amount was disclosed.