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- 📣 Gen Digital Goes Big: $1B Deal
📣 Gen Digital Goes Big: $1B Deal
While SoFi downgraded
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
💰 Gen Digital acquires MoneyLion for $1 billion.
📉 SoFi Technologies faces a stock downgrade.
🗓️ Top fintech events post-December 2024 to bookmark now!
Gen Digital, known for Norton and Avast, is buying MoneyLion, a digital finance platform, for $1 billion.
🚨 Breaking News
Gen Digital will pay $82 per MoneyLion share, plus potential extra stock, aiming to boost its financial wellness services.
⚡ Wire Simplified
Gen Digital owns Norton and Avast.
MoneyLion offers digital banking and financial tools.
The deal is worth $1 billion in cash.
MoneyLion shareholders get $82 per share and possible extra Gen Digital stock.
This move enhances Gen Digital's financial wellness offerings.
✔️ Straight to the Point
Gen Digital's acquisition of MoneyLion aims to strengthen its position in financial wellness services by integrating MoneyLion's digital finance platform.
🎤 Do you think this acquisition will improve Gen Digital's services? |
SoFi Technologies, a digital finance company, was downgraded by Bank of America due to concerns over its high stock price.
🚨 Breaking News
Bank of America lowered SoFi's rating from Neutral to Underperform, citing that the stock is "priced to perfection."
⚡ Wire Simplified
SoFi offers online banking and financial services.
Its stock price doubled in three months.
Bank of America thinks the stock is overvalued.
They downgraded SoFi's rating to Underperform.
The price target is set at $12 per share.
✔️ Straight to the Point
Bank of America's downgrade reflects concerns that SoFi's stock price may not be supported by its current financial performance.
🎤 Do you agree with Bank of America's assessment of SoFi's stock? |
Accounting 101:
People don’t want bookkeeping.
They want visibility.
People don’t want tax prep.
They want peace of mind.
People don’t want a CFO.
They want guidance.
Understand what people need. Don't just throw accounting at people.
Average revenue per User (ARPU) is tracked religiously by SaaS companies
I believe this is misguided.
This is a deep dive on ARPU, and its flaws.
Read it so you don’t average (lol) yourself out of a job
Singapore FinTech Festival 2025
The Singapore FinTech Festival (SFF) is a premier global platform where policy, finance, and technology communities converge to explore the future of financial services. Celebrating its 10th anniversary, SFF 2025 will feature insightful sessions, roundtables, workshops, and exhibitions, fostering impactful connections and collaborations.
Date: November 12-14, 2025 | Location: Singapore EXPO, Singapore
The Fintech Talents Festival is a vibrant celebration of innovation in fintech, bringing together C-level executives, founders, and technology leaders from financial institutions, fintechs, and technology providers. The event features demos, music, and thought-provoking sessions, providing a unique platform to explore the digital transformation of the financial services landscape.
Date: November 10-11, 2025 | Location: London, UK
FinTech Week 2025 is set to reshape the fintech landscape by fostering conversations in finance, legislation, and technology. The event brings together fintech founders, entrepreneurs, investors, regulators, policymakers, academics, and media from around the world to explore cutting-edge fintech innovations and research in finance.
Date: February 26-28, 2025 | Location: Singapore
What do you think about today’s edition? |
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