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Credit Karma

covid pandemicexchanges / cap mktsfixed incomemacroeconomicsnarrative zeitgeistventure capital
·Mar. 2, 2020

How Coronovirus impacts Fintech, Financial Markets, and the global Economy

I look at how the news about the spread of the coronovirus are cracking the global economic machine. Some may argue that the number of people effected is still low -- but that misses the entire point. The shock of a global pandemic has revealed weakness in the financial machine, sending the stock markets falling 10% year-to-date. Gross domestic product growth is expected to slow by billions of dollars, governments and central banks are unable to implement policy to compensate with rates at historic lows and borrowing at historic highs, public market valuations will tumble arithmetically, and private Fintech companies will lose a path to exit. At least that's what the conspiracy theorists want you to think!

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FintechNews RoundupUSA
·Feb. 28, 2020

From the LendIt Fintech Vault: Personal Loans: The Keys to Success in a Competitive Market – by Credit Karma’s Ken Lin

With Credit Karma in the news this week, we thought we would revisit a keynote given by CEO Ken Lin...
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FintechNews RoundupUSA
·Feb. 25, 2020

Was Intuit the Best Fit for Credit Karma?

In his weekly Forbes column Ron Shevlin of Cornerstone Advisors wonders if Intuit is the best fit to buy Credit...
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FintechNews RoundupUSA
·Feb. 24, 2020

Intuit to Acquire Credit Karma for $7 Billion

Over the weekend we learned that Intuit, the makers of TurboTax, Mint and Quickbooks, is close to acquiring Credit Karma,...
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FintechNews RoundupUSA
·Feb. 21, 2020

America’s Ten Most Valuable Fintech Startups

ValueWalk has analyzed the recent CB Insights report on fintech funding as well as the Forbes 50 report on the...
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FintechNews RoundupUSA
·Mar. 2, 2020

More Fintech M&A, Financings and Credit Card Delinquency Rates

In this week’s PeerIQ Industry Update they cover the growing turmoil in the markets due to the spread of coronavirus...
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FintechNews RoundupUSA
·Feb. 28, 2020

Spike in Fintech M&A Shows Industry is Maturing

The year has started out strongly for fintech M&A with four significant deals announced in just the first two months;...
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FintechNews RoundupUSA
·Feb. 25, 2020

Ken Lin, Co-Founder of Credit Karma to Receive Windfall from Sale

Ken Lin started Credit Karma back in 2007; since then the company has attracted 100 million members and brought in...
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News Roundup
·Feb. 24, 2020

Intuit to Acquire Credit Karma for $7 Billion

We start out the week with yet another blockbuster fintech acquisition. The Wall Street Journal reported late Saturday that Intuit,...
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acquisitionEmbedded FinanceOpen Bankingpaytech
·Jan. 20, 2020

Is Plaid cheap at $5.3 billion for $500 billion Visa?

I dig deeply into the $5.3 billion acquisition of data aggregator Plaid by $500 billion payments network Visa. We examine why this deal is worth 25-50x revenue, while Yodlee's sale to Envestnet was priced much lower. We also look at how Plaid could be an existential threat to Visa, and why paying 1% of marketcap to protect 200 million accounts may be a good bet. Broader implications for product manufacturers across payments, investments, and banking also emerge -- the middle is getting carved out, and infrastructure providers like Visa or BlackRock are moving closer to the consumer.

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