Digital banks including Chime, Varo and Current have won over more U.S. customers during the pandemic by processing stimulus payments quickly.
Visa’s agreement to acquire Plaid kicked off 2020 last January by validating fintech’s blockbuster value, and was followed by a flurry of M&A activity
Despite a booming broader fintech industry, businesses centered around wealth and advice are struggling with profitability and scale.
Wealth Management Tech Platform Addepar Acquires RCI to Assist Clients with Making More Informed Investment Choices
Addepar has acquired Real Capital Innovation to offer its clients tools to model and analyze portfolios in a forward-looking way.
SEI announced that Pacific Premier Trust, a division of Pacific Premier Bank, will convert their wealth business to the SEI Wealth Platform.
Consumer financial services startup SoFi is going public via a merger with special purpose acquisition company Social Capital Hedosophia Holdings Corp