Exits

Thousands of Californians are on the brink of losing their home insurance this summer as two major insurers, Tokio Marine and Trans Pacific Insurance, announce their exit from the state.

Pension planning in the UAE is at a time of take-off. WealthTech firm Kidbrooke recently took the opportunity to delve into the topic.

A blogpost by European Central Bank representatives has remarked that the current turmoil being seen in the crypto markets is ‘Bitcoin’s last stand’. 

UK-based neobank Bank North has gone bust after the company failed to raise a new funding round.

Private equity firm FFL Partners has exited its position in Accordion, a private equity-focused FinTech consulting firm, selling its shares to Charlesbank Capital Partners.

Qenta, a financial infrastructure platform, has acquired Noble Money, an international remittance platform, to improve financial inclusion in emerging markets.

Google is set to acquire cybersecurity firm Mandiant in an all-cash deal that is being valued at $5.4bn.

GRC software management solutions developer Ideagen has agreed to a £1.05bn ($1.3bn) acquisition offer from private equity firm Hg Pooled Management.

TreviPay, a payment and credit management firm for B2Bs, has snapped up fellow PayTech Baton Financial Services for an undisclosed fee.

Chicago-based private equity firm Madison Dearborn Partners has acquired MoneyGram International, a digital P2P payments company, in a $1.8bn deal.