PayPal is looking to raise the stakes against competitors like Square and Stripe in what will be their largest acquisition...
Today, Upstart released their first quarterly earnings since their IPO in December. And it was a very strong quarter indeed....
This morning, SoFi announced they have agreed to acquire Galileo Financial Technologies for $1.2 billion in cash and stock. It...
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
The great fintech consolidation of 2020 continues. While we knew this deal might be coming, as it was leaked last...
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
Revolut is keeping an eye out for potential acquisitions with the help of their recent $500 million round; with many...
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There is some big news out of Australia today. Credible Labs, based in San Francisco but listed on the Australian...
Samir Desai, co-founder and CEO of Funding Circle, the world’s largest marketplace for small business loans, made a big announcement today at...
In a deal that will rock the fintech space Enova announced this afternoon that they are acquiring OnDeck for $90...