Fintechs buy fintechs

According to an analysis by PwC, there have been 92 takeovers of fintechs since 2013. It is striking that Fintechs itself have acquired other young tech companies from the financial sector (41 of the 92 takeovers). The banks, on the other hand, are reluctant to make acquisitions. According to Sascha Demgensky from PwC, this is also due to the different corporate cultures of startups and banks. The traditional financial institutions would therefore “still act very cautiously”.

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