Spike in Fintech M&A Shows Industry is Maturing

The year has started out strongly for fintech M&A with four significant deals announced in just the first two months; we have Visa acquiring Plaid, LendingClub acquiring Radius Bank, Morgan Stanley acquiring E*Trade and Intuit acquiring Credit Karma; Cliff Stanford, a former Atlanta Federal Reserve Bank official, said it demonstrated a maturing of fintech, with fintechs acquiring large numbers of users and establishing themselves in financial services; he told Banking Dive, “The bigger established players that are buying up technology enabled financial companies are seeing those dynamics, and they want to dance while the music is still playing.” Banking Dive

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