SoFi has announced their plans to acquire Galileo Financial Technologies for $1.2 billion in cash and stock; Galileo allows companies...
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
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
This morning, SoFi announced they have agreed to acquire Galileo Financial Technologies for $1.2 billion in cash and stock. It...
Online near prime lender LendingPoint to boost expansion into point-of-sale with acquisition of LoanHero. Source
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
In a deal that will rock the fintech space Enova announced this afternoon that they are acquiring OnDeck for $90...
Samir Desai, co-founder and CEO of Funding Circle, the world’s largest marketplace for small business loans, made a big announcement today at...
Fintech companies continue to attract interest from traditional financial institutions and now we have a significant acquisition to start off...
Yesterday it was announced that Visa is planning to buy Plaid for $5.3 billion, double the valuation of Plaid’s 2018...