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Fintech

Tidjane Thiam’s Spac pursues $1.5bn Latin American fintech target

The combined entity would be worth about $1.5bn — much higher than Thiam’s $345m Spac

Tidjane Thiam's Freedom vehicle raised $345m in March via a listing on the New York Stock Exchange, advised by JPMorgan, Bank of America and Broadhaven
Tidjane Thiam's Freedom vehicle raised $345m in March via a listing on the New York Stock Exchange, advised by JPMorgan, Bank of America and Broadhaven Photo: Bloomberg via Getty Images

The special purpose acquisition company of former Credit Suisse boss Tidjane Thiam is in talks to acquire two companies in Latin America, as part of plans to capitalise on rapid growth in the region’s fintech sector.

Mexican fintech group Credijusto and continental corporate data provider CIAL Dun & Bradstreet would be merged and listed in New York later this year under the plans, people familiar with the matter told the Financial Times.

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