Is this a surprise? Nope.

So the Fintech acquisition spree, already well underway before COVID-19, now seems to be heating up as payment giant Galileo is acquired for some $1.2B. About a two-minute read.

Comment: Don’t be fooled — Fintechs with strong business models, solid revenue streams and perhaps even profits are the targets of choice. Later, we’ll see none of the above acquired. Still later, as bankruptcy surges in the sector, the vultures will feast. Look back to the collapse of the dot com bubble for insight.