Fintech M&A Proves the Sector’s Strength

The pandemic has helped many fintech firms prove their worth even if there has been a fair share of down rounds; fintech M&A has been a bright spot for the industry and proves the strength of fintech overall; Square acquired European peer-to-peer payments startup Verse, Mastercard acquired API provider Finicity, and Credit Sesame acquired the Canadian challenger bank Stack; banks are playing an even bigger role in fintech these days, fintech regulation has also helped them to put more money to work in the sector; there has always been rumors about bank acquisitions of fintech firms, the current crisis could help spur a number of banks to pull the trigger on deals; more recently the news about Chime and other digital banks making real headway is giving large and small banks pause, forcing them to really think about their innovation strategy. Forbes.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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