American Express has historically focused on building their own products but the firm is now open to more partnerships to...
Cross River has agreed to buy Seed for an undisclosed amount to improve their on-boarding system; “The technology is very...
Empower Retirement has bought digital wealth management fintech Personal Capital for $825mn upon closing, with another $175mn in planned growth...
Experian just acquired credit reporting fintech ClearScore for $385mn; this follows the mortgage brokerage deal they did with London & Country Mortgages back in December; Experian is looking to expand their offerings and brand through the deals; this is part of a wider trend in fintech as more incumbent players have seen the value fintech startups have brought to market. Source
The pandemic has helped many fintech firms prove their worth even if there has been a fair share of down...
The Head of Nyca Partners, a NYC based venture capital firm, says banks need to be careful to not acquire...
The CTO and Co-Founder of Pismo discusses the importance of modern infrastructure and what their acquisition by Visa means for Latin American Fintech
In this week’s PeerIQ Industry Update they cover the recent rebound of equity markets after a volatile few weeks, regulatory news and a deep dive on fintech M&A; OnDeck announced they had reached GAAP profitability and it was reported that SoFi missed their internal targets; PeerIQ takes a deep dive on why banks should buy online lenders; some of the key reasons inclined ROE potential for the banks and to avoid potentially losing market share to big tech firms who might enter the space in the next few years. Source.
2020 is off to a fast start when it comes to fintech financings and M&A deals as the past week...
Indonesia based ride-hailing startup Gojek has branched out beyond their core business into food delivery, logistics and digital payments; the...