MoneyLion’s recent acquisition of Even Financial (now Engine by MoneyLion) will drive growth for both companies, Engine’s founder said.
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.
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'
BM Technologies, a BaaS fintech that went public through a SPAC announced they plan to buy First Sound Bank, a community bank from Seattle.
That was quick. After receiving preliminary approval from the OCC on December 30, LendingClub announced today that they have now...
In addition to acquiring a 3.85% equity stake in the fintech Méliuz, BV will have the option to buy all shares of the controlling block.
Interest rates remain high, valuations have fallen and overall deal volume is down across sectors — including fintech M&A activity. But deals are still getting done, albeit slowly and with more caution from investors. BPM Partners James Lichau and Craig Hamm outline their top strategies for navigating the current fintech M&A environment.
After a slow start to 2022 and a declining economic environment, the future of M&A with incumbents has become uncertain, however the combination can bring lasting benefits to both parties that may override the mayhem.