Fintech M&A Heats Up in 2019

Fintech startups are disrupting traditional financial institutions as consumers rely more and more on technology for everyday activities, including banking. Robust M&A activity is expected to continue in this space. It’s not only banks and credit unions that are acquiring or investing in fintechs, established technology firms like Amazon are snapping up these startups in order to expand into digital payments, and other financial services.

Here’s a roundup of a few interesting fintech deals from just the first few weeks of 2019.

While many of these deals may be smaller in value, they indicate an appetite for strategic fintech acquisitions in 2019. According to a Mergermarket study, 94% of financial institutions are planning two or more fintech acquisitions this year. Established players like banks and credit unions must either develop their own innovations or partner with or acquire fintechs to gain the technology needed to stay relevant in today’s market. Watch out for more fintech deals in the near future!

Photo credit: Rawpixel.com / Rawpixel Ltd Flickr CC BY 2.0

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