Friday, June 9, 2023

So a Fintech bought a bank …

By DAC000 , in Fintech M&A , at February 17, 2020 Tags: ,

Last week we saw a first: US based Fintech Lending Club bought Radius Bank. By doing so Lending Club gets a banking licence, and can sharply expand their business into traditional banking activities.  About a two-minute read. 

Comment: as Fintech matures we’re going to see more of these deals, and likely some of the bigger bricks and mortar banks will be scooping up Fintech firms. M&A works both ways.