Chime Financial agrees to acquire longtime banking partner Stride Bank for $590M; Stride will become Chime Bank, a wholly owned subsidiary; CHYM jumps 5%+
Chime Financial Inc. struck a deal to buy Stride Bank for $590 million in cash, snapping up its longtime partner as the fintech streamlines its operations.
Sources: PayPal is in talks to sell itself to a group including Stripe and Advent, which proposed paying $60.50/share in July; PayPal is seeking a higher price
The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July
Sources: PayPal is in talks to sell itself to a group including Stripe and Advent, which proposed paying $60.50/share in July; PayPal is seeking a higher price
The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July
Sources: Revolut scrapped plans to buy a US lender and will instead apply for a US banking license, betting Trump's lighter touch on approvals will be faster
UK-headquartered fintech had hoped to secure a banking charter through buying an American lender — Stephen Morris in Davos and Laith Al-Khalaf in London
Polygon buys crypto startups Coinme and Sequence for a total of $250M+, as it seeks to bolster its stablecoin and fintech infrastructure and compete with Stripe
Polygon Labs CEO Marc Boiron (left) and Polygon Foundation founder Sandeep Nailwal.COURTESY OF POLYGON LABS
JPMorgan Chase secures deals with fintech middlemen, like Plaid, covering 95%+ of third-party data pulls, and will receive payment for access to customer data
JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests …
Sources: Revolut considers buying a US bank to get an American banking license to expand lending capabilities, a faster route than applying for its own permit
Acquisition would be faster route for fintech to start lending in US than applying for permit of its own
Amazon to acquire Bengaluru-based BNPL startup Axio, sources say for $150M+; Axio raised $135M in equity, claims to have 10M+ customers, and a $260M+ loan book
At axio, we've been on a mission to make credit worthy for customers across India. Supriya Roy / Times of India : Amazon to acquire fintech startup Axio for about $160 million The Paypers : Amazon acq...
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M
report X: Alex Konrad / @alexrkonrad : Scoop: Stripe is in talks to acquire crypto startup Bridge for $1 billion, sources tell @DavidJeans2 and me in @Forbes. The deal would likely be the fintech unic...