Fintech companies continue to attract interest from traditional financial institutions and now we have a significant acquisition to start off...
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There is some big news out of Australia today. Credible Labs, based in San Francisco but listed on the Australian...
Since the financial crisis mergers and acquisitions by banks has reduced substantially. This has been a global trend that may...
It was the worst kept secret in fintech. There were rumors flying around during LendIt Fintech earlier this month and...
Goldman Sachs has been busy acquiring companies to boost its consumer facing business; they now have expertise across consumer lending, small business lending and real estate; Lend Academy shares their latest acquisitions, including the acquisition of Final, a credit card startup; it seems as though credit cards was the missing piece and it's possible Goldman Sachs will enter the credit card business. Source
PayU is a largest payments processor in India and it is continuing its moves into lending in that country with...
FIS announced today that it is buying leading payments processor Worldpay in a $35 billion deal, one of the largest...
PayPal is looking to raise the stakes against competitors like Square and Stripe in what will be their largest acquisition...
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
Goldman Sachs continues to show interest in consumer finance; CEO of Final, Aaron Frank announced that the startup would be closing in December 2017 but did not provide further details; a dozen engineers and product managers will be joining Goldman Sachs; Final was founded in 2014 and offered consumers a credit card; users were able to generate virtual cards unique to a merchant. Source