This morning, SoFi announced they have agreed to acquire Galileo Financial Technologies for $1.2 billion in cash and stock. It...
Yesterday it was announced that Visa is planning to buy Plaid for $5.3 billion, double the valuation of Plaid’s 2018...
Goldman Sachs has been busy acquiring companies to boost its consumer facing business; they now have expertise across consumer lending, small business lending and real estate; Lend Academy shares their latest acquisitions, including the acquisition of Final, a credit card startup; it seems as though credit cards was the missing piece and it's possible Goldman Sachs will enter the credit card business. Source
FIS announced today that it is buying leading payments processor Worldpay in a $35 billion deal, one of the largest...
Nubank has acquired US software consulting firm Cognitect in its first acquisition outside of Brazil; the world’s largest digital bank,...
We start out the week with yet another blockbuster fintech acquisition. The Wall Street Journal reported late Saturday that Intuit,...
That was quick. After receiving preliminary approval from the OCC on December 30, LendingClub announced today that they have now...
According to the Financial Times, SoFi had talks with various companies including Schwab earlier this year to sell the company; the discussions took place after an indicative offer of $6 billion from a foreign bank; the company subsequently held talks with other companies with a targeted price of between $8 - $10 billion; no acquirers were willing to match the price and SoFi decided to wait for an IPO. Source
According to the Wall Street Journal, E*Trade has five million retail customers including $360 billion in assets; Morgan Stanley will...
More big news from Prosper today and this story is very significant. Prosper has completed their first acquisition – American...