Some fail Fast while others go BIG - Bolt acquires Wyre for $1.5B 🤯; Zelle, the answer to Open Banking in the US? 🤔; Meta says "Carpe Diem" with Zuck Bucks, FB’s latest crypto attempt 😬

Good Morning FinTech, 8 April

Good day Everyone,

And happy Friday! WoW, what a week it has been… 😯 And it’s not over yet as these 3 FinTech stories are like a tasty cherry on top 🍒 Check it out yourself:

Some fail Fast while others go BIG - Bolt acquires Wyre for $1.5B 🤯

The scoop 💸 Payments decacorn Bolt (last valued at a whopping $11 billion) has acquired blockchain infrastructure provider Wyre for a reported $1.5 billion.

Given the reported price tag is true, this would make it one of the largest crypto acquisitions that did not involve a special purpose acquisition company (SPAC). Not too shabby!

The USPs 🥊 Founded in 2014, Bolt provides online retailers with a one-click checkout, authentication, payments, and fraud protection offering. In other words, it’s like Fast but with more sales. By the way, check out my latest on Fast in case you missed it:

Too fast, too luxurious: lessons from the failure of Stripe-backed Fast

Wyre was founded in 2013 and it offers several API solutions, including the ability to buy, sell, and hold cryptocurrencies, bank-supported crypto-to-fiat exchange, and crypto compliance services.

So what does this tell us? Well, first, when some fail - others go bigger. But there’s more to that, so here’s the takeaway: