Gonzobanker
MARCH 9, 2022
The unicorns of core banking systems have been running wild the past few weeks, and these frothy deals signal a future shift in how executives should view the world of financial technology. SoFi had familiarity of Technisys through prior use of the system and through SoFi’s prior acquisition of digital payments provider Galileo.
PYMNTS
AUGUST 11, 2020
With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut , one of the biggest players in the crowded financial technology (FinTech) sector, has yet to make a profit. The company posted a total loss of $139.6 million (£106.5
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PYMNTS
JULY 24, 2020
In February, Revolut raised $500 million in a round led by Menlo Park, California-based TCV, one of the largest growth equity firms. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking.
CB Insights
AUGUST 17, 2021
Chime , a digital banking platform, has raised $750M in a Series G. California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. HOW’S THE COMPANY PERFORMING? Want the full post?
PYMNTS
JANUARY 19, 2021
The ongoing renitence on the part of banks shows the lack of certainty still in the economy because of the coronavirus, with the inclusion of different government restrictions and large rises in case counts. Plaid, the financial technology upstart, is looking at increasing its size in Europe by two times.
Gonzobanker
DECEMBER 14, 2023
THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank.
Gonzobanker
FEBRUARY 23, 2022
In this emerging landscape, financial institutions, often community banks, frequently “rent” their charter to financial technology firms (fintechs) that serve a specific consumer group as a means to grow non-interest income. Panning versus mining for BaaS gold. It’s exciting that the BaaS gold rush is gaining momentum.
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