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.
Plaid’s recent acquisition of competitor Quovo is helping to set the stage for a new chapter in data aggregation; David...
The merger trend in the payments space continues with the $21.5bn deal between Global Payments and TSYS; American Banker takes...
The Head of Nyca Partners, a NYC based venture capital firm, says banks need to be careful to not acquire...
LendingClub’s announced acquisition of Radius Bank could be the beginning of a market trend that sees more fintech firms buying...
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
Investment marketplace Raisin has made a deal for German based MHB Bank, who they have long partnered with and now have...
2019 has become a big year for fintech mergers and that trends look to continue for some time; payments in...
Cross River has agreed to buy Seed for an undisclosed amount to improve their on-boarding system; “The technology is very...
2020 is off to a fast start when it comes to fintech financings and M&A deals as the past week...