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Consolidation continues in the world of fintech
Last week ended with a couple of significant news events in the fintech world. First up, Ingrid and I wrote about FIS acquiring banking-as-a-service startup Bond for an undisclosed amount. (Fintech Business Weekly’s Jason Mikula initially broke the news). The deal is both an example of the resilience of infrastructure in the fintech space and a year that is proving to be filled with consolidation – as expected in a no-IPO, less capital rich environment.
Earlier this year, Marqeta acquired financial infrastructure startup Power Finance in a $275 million deal. JPMorgan closed its acquisition of Aumni. And Brazi …
