This is the first acquisition in the history of the Open Finance platform, which was created in 2019 by Pablo Viguera and Oriol Tintoré.
'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'
We are seeing the fintech industry shakeout with mergers and acquisitions as well as outright failures. Here are the key challenges facing fintechs today.
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.
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