February 24, 2020, is a day Ken Lin will never forget. The Credit Karma CEO was about to announce that the company he founded 13 years earlier was about to be acquired for more than $7 billion.
Let's look at why BNPL is becoming a more attractive payment option for big e-commerce companies like Amazon and Walmart, as well as merchant marketplaces like Square and Shopify.
Let’s examine a series of winning fintech results from BNPL, consumer finance, proptech and corporate finance before turning to fintech's earnings misses from Q3 2021.
Sivo wants to do for debt what Stripe did for payments: Make it as easy to access a debt facility as plugging into an API.
"I think what is really driving this, honestly, is just liquidity for our early shareholders. We haven't raised money in so long that our VCs basically just need liquidity."
Selling an asset at a loss is a bad idea in most areas of business, but it is a particularly bad idea in a market where sales cycles are slow, unpredictable and largely out of your control.
Since it was founded in 2012, Blend has signed up some of the biggest banks in the country. Now, it’s setting its sights on the startup and fintech market, hoping to power fast-growing digital lende
A year ago, the biggest players in the BNPL space were companies founded solely to offer consumers the ability to pay in installments at the point of sale. But the landscape looks very different now.
Zillow announced that it was hitting pause on its iBuying operations earlier this week, but rival Opendoor says it is expanding operations and plowing ahead.
So now Plaid says it’s a payments company. It was only a matter of time, really.
When Visa announced plans to purchase Plaid for $5.3 billion in January 2020, the deal represented one of the largest acquisitions of a fintech upstart by an incumbent financial powerhouse. But 12 mon
There's no one-size-fits-all solution, but having a better understanding of how BaaS providers position themselves between banks and fintechs can help potential customers determine which model is best
We're beginning to see why it feels so busy out there. It is!
Banking as a service will change not just the way financial services apps are built and embedded into new platforms, but also the way in which consumers and businesses alike interact with their financ
The acquisition is positioned to bolster the firm's consumer business and offer new products and new ways to attract consumers to its Marcus by Goldman Sachs brand of finance products.
The deal could give Better a way to augment its lending business with the potential to enable fractional ownership of properties in the U.S. and other markets.
“We aren't so easily categorized,” said Better CEO Vishal Garg.
To learn more about the pros and cons, we spoke with executives from Marqeta, Expensify and Cardless.
From a high level, all of the recent deal-making in corporate cards and spend management shows that it’s not enough to just help companies track what employees are expensing these days.
As more fintech companies find their way to higher and higher valuations in both the private and public markets, expect to see more legacy banks and lenders be gobbled up by newer entrants.