December 24, 2018

All FinTech Acquisitions in 2018 Were Led by American & EU Banks

FinTech has shown strong growth in the last five years, but there were some questions as to why there is so little M&A in the industry. There was always an implicit assumption that the larger players like banks/financial institutions would be interested in acquiring some of the upcoming lending platforms, blockchain plays or even the payment apps. It was only in the latter half of 2010 that banks realized the emerging threat of FinTech companies. As FinTech startups started gaining momentum, a fear set among banking incumbents about the next “Blockbuster” moment. This spurred a rise of bank innovation teams to combat FinTech teams through partnerships, investments, and acquisitions. MEDICI has done extensive research on how banks and other financial institutions have started to take a keen interest in buying and investing in startups. We have also tracked the latest in investment rounds by banks/FIs for the year. In this…

Leave a Reply

Your email address will not be published. Required fields are marked *