NEOBANK CONSOLIDATION BEGINS TO PICK UP

Summary from the TLDR Founders newsletter

On Monday we flagged that cash-strapped tech startups are exploring sales to bigger companies in order to survive a funding crunch. Well, in fintech, it’s M&A, M&A everywhere. Neobanks are merging with one another to bolster their market share and legacy players are mopping up startups to expand their product offering and reach new customer segments.