Happy Thursday!
In this blogpost:
Fintech Grows Its Appeal to Private Equity Investors
JPMorgan Chase: The Amazon Web Services of Fintech Partnerships?
Fintech Marqeta Is Going Public
What does the FCA’s consultation into SPAC listings mean for UK fintech?
PayPal, Square Are Shaping the Cryptocurrency Market.
Fintech Grows Its Appeal to Private Equity Investors.
Historically, venture capital has dominated investment into fintech, but the sector is now attracting more PE cash as LPs want a look in.
Private equity investors are taking note of the financial technology opportunity ahead. Despite the operational challenges presented by the pandemic, 2020 was the most active year ever for fintech financing activity.
JPMorgan Chase: The Amazon Web Services of Fintech Partnerships?
Fintech partnerships are a hot topic in banking, and JPMorgan Chase’s (JPMC) new head of fintech and innovation, Jeremy Balkin, fired a salvo at other banks when he said at a recent conference:
“Chase is the bank of choice for fintech partnerships. JPMorgan is to payments what Amazon Web Services is to the cloud and the internet."
Fintech Marqeta Is Going Public.
Marqeta, the card-issuing platform backed by financial services giants like Visa, Mastercard and Discover, is going public.
The fintech has filed to raise $100 million with its initial public offering, according to a prospectus. The Oakland, California, company didn’t disclose how many shares it would sell or their price range.
What does the FCA’s consultation into SPAC listings mean for UK fintech?
The FCA’s four-week consultation into Special Purpose Acquisition Companies (SPACs) has begun, with decisions around strengthening investor protections expected to be announced and in place by early summer 2021.