The next is an excerpt from right this moment’s International Publication.
As Jason Mikula predicted on June 1, FIS has acquired embedded finance startup Bond in a deal the place phrases weren’t touted in a splashy press launch.
Whereas silent acquisitions usually point out a distressed sale, the incumbent core banking supplier probably realized they wanted to get into BaaS and possibly purchased Bond for his or her tech to be extra agile. It might even be the attraction of the expedited route: purchase the plug-and-play answer slightly than spend many months creating one in-house.
This newest acquisition reveals fintech M&A is getting hotter, with extra exercise in current weeks.
Bond might have been struggling to lift cash, so this could even be consequence for them, although we don’t but know the entire story.
Featured
From Fintech Nexus
Podcast
Webinars
| June 20: Challenges and Alternatives of Digital Credit score Register Now |
Additionally making information