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June 2025 Fintech M&A Roundup: Stripe, BPCE, Xero, Shift4, and Revolut Lead Global Expansion


June 2025 saw a wave of fintech M&A reshaping global payments and banking. Stripe acquired crypto wallet startup Privy, while BPCE bought Lone Star’s 75% stake in Novo Banco for €6.4 billion. Shift4 expanded into Australasia with its $180 million Smartpay deal, and Xero purchased Melio for $2.5 billion to enhance its SMB platform. Revolut also entered Argentina by acquiring Banco Cetelem, reflecting fintech’s global push for scale and market access.






June 2025 was an active month for fintech consolidation, with major deals reshaping payments, banking, and crypto infrastructure. Stripe announced the acquisition of New York-based Privy, a crypto wallet infrastructure startup, to enhance its embedded digital asset capabilities. In Europe, U.S. private equity firm Lone Star Funds agreed to sell its 75% stake in Novo Banco to French group BPCE for €6.4 billion, marking a major cross-border banking transaction expected to close in early 2026. Meanwhile, Shift4, a U.S. payments processor, expanded into Australasia through a $180 million acquisition of Smartpay, strengthening its footprint in the Australian and New Zealand EFTPOS markets.


In another major move, Xero agreed to acquire U.S. B2B payments platform Melio for $2.5 billion, expanding its small-business accounting ecosystem into bill payment and cash-flow tools. Finally, Revolut confirmed plans to enter Argentina by purchasing Banco Cetelem from BNP Paribas, securing a local banking license to launch savings, FX, and credit services. Together, these deals underscore fintech’s strategic global expansion across crypto, payments, and banking, as firms pursue scale, diversification, and regulatory footholds in new markets.






 
 
 

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