Archive for Author: Jonathan Kaufman

Nov 17, 2016

CFPB’s Future & Impact on Alternative Credit Scoring

Fintech, In the News, Trends, Uncategorized 0 Comments

There are more than 50 million Americans without a traditional credit score and 80 million unbanked and under-banked individuals in the United States. These individuals, more often than not, do not have access to traditional credit products. We recently attended the Money2020 conference in Las Vegas, where the Consumer Financial Protection Bureau released a report encouraging the use of non-traditional information and methods to enable better credit scoring and analysis for this large group. We applaud their efforts.   The CFPB launched Project Catalyst in 2012 to promote consumer-friendly innovation. Since its creation, the agency has collaborated with several FinTech…

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Feb 29, 2016

Payment Technology Fundraising and M&A Transactions Already Setting a Record Pace in 2016

Fintech , , 0 Comments

Through early February, announced capital raising and M&A transactions in the payment technology sector have already exceeded $7 billion. If this pace continues, transaction value could exceed the $47 billion in 2015. The question is: given the volatility in the public equity markets, difficulties in the technology IPO market and macroeconomic concerns, will the transaction activity continue? We think it will.

Dec 1, 2015

FinTech Disruptors Drive Visa and Visa Europe Combination

In the News , , 0 Comments

Earlier this month, Visa Inc. announced that it had entered into an agreement to acquire Visa Europe for €21.2 billion (upfront consideration: €11.5 billion in cash and €5.0 billion in convertible preferred stock; contingent consideration: €4.7 billion). We believe this transaction makes strategic sense for Visa, and the valuation multiples were not as high as some have reported. Nevertheless, the integration, particularly related to technology, will be challenging as reflected by the $450 to $500 million in integration costs expected over the next 5 years. In addition, the ability for Visa Europe to move from a bank-owned, cooperative pricing model…

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