Most Impactful FinTech M&As of 2020
At Whitesight, we end the year by looking at some of the most impactful (not necessarily the most expensive) M&As of the #Fintech world in 2020.
“Software is eating the world” - Marc Andreessen (2011)
Software 🖥 took a mega-bite 🍽in the fintech world in 2020
Among the top 5 biggest M&A deals of 2020, significant ones include Tech companies - Plaid, Finicity, Galileo who are enabling the fintech innovation in the sector
"Silicon Valley is coming" - Jamie Dimon (2015)
Silicon Valley 📲 seem to have arrived 🚀in 2020
Square acquired Verse to expand to the Spanish market and Stripe acquired PayStack to expand to Africa.
Apple acquired Mobeewave to strategically build a 2-sided business model of Payment acceptance and the Apple Card
Lending Club acquired Radius Bank to become a bank.
“Every company will be a FinTech Company” - Angela Strange (2019)
Firms across industries🌐 made strategic moves in their quest to become a fintech💵 company.
Non-Financial firms such as Grab, Opera, ZipTel made significant investments to put their best foot forward in finTech
Incumbents such as Visa, Mastercard, Société Générale, American Express doubled down their fintech bets.