Welcome to The Fintech Files, your weekly roundup from FN’s fintech correspondent Yolanda Bobeldijk, keeping you up-to-date with the latest developments in financial tech and innovation.

Private equity eyes fintech feast
Right. You are sitting in a small co-working space. Your business is only just starting. You want to focus on planning and strategy, but you are actually doing a lot of sales, whilst dealing with IT blips and HR admin. You haven’t slept in weeks and the procurement process of that particular bank is giving you a massive headache. The phone rings: it’s a large European buyout house. They want to discuss your business with you. Sound too good to be true? Well, it’s happening, founders tell me. Mighty European buyout firms are reaching out to tiny fintech startups.