Bigwigs circling for fintech quarry as pandemic turns off cash tap
Such deals expand acquirer's offerings and also give startups access to larger customer markets through parent company
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Kelly Ng
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ANALYSTS expect a stronger appetite from corporate and tech bigwigs in acquiring fintech startups in the months ahead, especially as fintechs tight on cash have a viable product to add to these larger entities' existing offers.
Indeed, a Fitch Solutions report this month said the Covid-19 pandemic will lead to lower levels of funding for fintech players.
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