We are seeing the fintech industry shakeout with mergers and acquisitions as well as outright failures. Here are the key challenges facing fintechs today.
'There are going to be a lot of M&As in the market. There's going to be a lot of innovation and focus on unit economics'
This is the first acquisition in the history of the Open Finance platform, which was created in 2019 by Pablo Viguera and Oriol Tintoré.
MoneyLion’s recent acquisition of Even Financial (now Engine by MoneyLion) will drive growth for both companies, Engine’s founder said.
The agreement for the acquisition of NetPay had been announced in November 2022. FEMSA had owned minority shares in the fintech since 2019.
This week, PicPay, one of the leading digital wallets in Brazil, announced a new acquisition in a bid to gain ground in Brazil's trillion-dollar loan market.
The acquisition aims to combine the tools of both companies to make a reportedly unique app for small business owners.
Facing tighter financing conditions, several financial technology companies in Latin America have accelerated mergers and acquisitions plans.