Why fintechs are shopping for up legacy monetary providers firms – TechCrunch

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Oh, how the tables have turned.

It was once that for those who had been a fintech startup or, for lack of a greater time period, a digitally native monetary providers enterprise, you may be eyeing an acquisition from an incumbent within the business.

It was once that for those who had been a fintech startup or, for lack of a greater time period, a digitally native monetary providers enterprise, you may be eyeing an acquisition from an incumbent within the business.

However these days, fintech upstarts are those doing the buying. Over simply the final 12 months or so, we’ve seen:

So what’s occurring right here? Why are fintechs now buying legacy monetary providers companies, as an alternative of the opposite means round?

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