Fintech M&A and Financings Continue Driving the Market

2020 is off to a fast start when it comes to fintech financings and M&A deals as the past week was highlighted by some big news; in this week’s PeerIQ Industry Update they talk about the recent trends in fintech M&A and take a deep dive into the LendingClub & Radius Bank deal; Morgan Stanley is making a bigger push into retail banking by acquiring E*Trade who was feeling the pressure after Schwab purchased TD Ameritrade; Ally also jumped into the M&A game and bought Card Works for $2.65bn; YieldStreet created a new fund with BlackRock as the sub-adviser, the new fund is a closed-end fund which will target a 7 percent distribution rate and requires a $20,000 minimum investment. Peer IQ

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