Why fintechs are buying up legacy financial services companies

3 months ago 87

Oh, however the tables person turned.

It utilized to beryllium that if you were a fintech startup or, for deficiency of a amended term, a digitally autochthonal fiscal services business, you mightiness beryllium eyeing an acquisition from an incumbent successful the industry.

It utilized to beryllium that if you were a fintech startup or, for deficiency of a amended term, a digitally autochthonal fiscal services business, you mightiness beryllium eyeing an acquisition from an incumbent successful the industry.

But lately, fintech upstarts are the ones doing the acquiring. Over conscionable the past twelvemonth oregon so, we’ve seen:

So what’s going connected here? Why are fintechs present acquiring bequest fiscal services businesses, alternatively of the different mode around?

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