Monday, June 27, 2022
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Visa buys Fintech — again

By DAC000 , in corona crash COVID-19 Visa , at October 20, 2020 Tags: , ,

Visa continued to take advantage of the Fintech Bubble’s corona driven collapse, acquiring a position in UK based Global Processing Services. GPS noted the company was “not out fundraising and doesn’t need the capital” . Visa and GPS have been partners since 2013, so presumably this initial position will lead to a full acquisition at a later date. About a three minute read.

Comment: regardless of wether capital is needed or not (likely not, otherwise we should have seen a full acquisition), The Corona Crash is changing the Fintech landscape, driving a large number of acquisitions by cash rich incumbents. This would have taken place later but due to COVID its taking place sooner.