As Valuations Plunge, Fintechs Become Acquisition Targets for U.S. Banks

Reuters | Saeed Azhar and David French | Nov 18, 2022 Financial technology companies are increasingly becoming acquisition targets for traditional U.S. banks as rising interest rates and falling valuations crimp their expansion. The valuations of listed financial technology firms have plunged 70% in 2022, analysts at Jefferies Group said in a note last week.

The post As Valuations Plunge, Fintechs Become Acquisition Targets for U.S. Banks first appeared on National Crowdfunding & Fintech Association of Canada.