PITCHBOOK writes:
Turkeys aren’t the only things being carved up this holiday season.
Many fintech startups beset by high interest rates, cutbacks in enterprise budgets and a pullback in venture will have to consider so-called distressed acquisitions over the next four to six months, insiders say.
“The corp dev folks are sharpening their pencils,” said Jay Ganatra, partner at Infinity Ventures and former managing partner at PayPal Ventures.
Distressed fintech deals have started to …
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