There is big news out of Prosper this morning. They have made their second acquisition this year (in January they...
The great fintech consolidation of 2020 continues. While we knew this deal might be coming, as it was leaked last...
It is not news that the buy-now-pay-later space is the hottest vertical in fintech. With three companies, Afterpay, Klarna and...
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
In a deal that will rock the fintech space Enova announced this afternoon that they are acquiring OnDeck for $90...
According to the Wall Street Journal, E*Trade has five million retail customers including $360 billion in assets; Morgan Stanley will...
Revolut is keeping an eye out for potential acquisitions with the help of their recent $500 million round; with many...
This morning I just read this article on Reuters PE Hub. It claimed that Lending Club is also seeking a...
PayU is a largest payments processor in India and it is continuing its moves into lending in that country with...
Credit Karma is positioning itself to be more than just a place to check your credit score; the company currently has 80 million customers and currently has advantages in significant scale and the data it houses; they are now looking at using chatbots with their acquisition of “Penny” to further their relationships with their customers. Source