Fintech: Strategic M&A Rebounds in 2025 as IPO and Fundraising Velocity Shifts Up a Gear
Fintech M&A staged a strong recovery in 2025, with strategic deal value reaching $78.6 billion—surpassing 2022 levels and a dramatic rebound from just $14.2 billion in 2024. Several strong themes were evident in 2025: the emergence of new payment rails, increasing automation in finance, unlocking access to private markets, and the consolidation of wealth-tech globally. Strategic mega deals ($1 […]
Inside the Stablecoin M&A Boom: The Race for the Rails
From ‘killer use case’ to ‘WhatsApp moment,’ there is no shortage of language to describe stablecoins’ underlying promise: a serious disruptive threat to the $2.5 trillion global payments industry.1 The wave of M&A activity since late 2024 signals both the promise and the seriousness of stablecoins’ challenge to traditional payments. Traditional payment companies have moved aggressively: Stripe declared “Crypto is Back” in April 2024 and followed with […]
The Valuation Paradox: Why Markets Are Rewarding CapEx Over Earnings
As their stock prices have reached all-time highs, tech giants have doubled annual capital spending to over $200 billion since 2022, driven primarily by AI infrastructure build-out whose returns are not yet visible in earnings. Analysts expect that figure to approach $500 billion annually by 2026–2027¹ and it is still unclear just how much ‘winning’ […]
