- Fintech M&A is set to boom as startups, flush with cash, look for ways to compete.
- Some fintechs are building out small but formalized corporate-development arms.
- It could be a draw for junior bankers at traditional financial companies.
After a year of record fundraising and IPO exits, financial-technology companies are flush with cash and armed with more experience.
Now, many are positioning themselves to cut their own deals.
Fintechs are building out internal corporate-development teams, having reached the scale and maturity to source and land deals themselves amid an ongoing blitz in fintech M&A.
These teams, which can focus on everything from strategic partnerships to outright acquisitions, offer a more personal touch than external advisors due to the fact they sit within the firm, experts say.
“The trend is more to build the capability in-house, because of the frequency of transactions and to supplement areas that you may not have been able to build…