Capital One nears deal to acquire Discover Financial for $28 billion 😳; Revolut to launch advanced crypto exchange 👀

FinTech is Eating the World, 19 February

Hey Everyone,

Happy Monday! I hope you had some time to relax over the weekend because now we’re jumping straight into all things FinTech. On today’s radar is Capital One that nears a deal to acquire Discover Financial (what this is all about & why it makes sense + some thoughts about the future), and Revolut which is set to launch an advanced crypto exchange (why it makes sense + more dives into Revolut). Let’s jump straight into the interesting stuff 🌶

Capital One nears deal to acquire Discover Financial for $28 billion 😳

BREAKING🔥 Finance giant Capital One COF 0.00%↑ is nearing a deal to acquire Discover Financial DFS 0.00%↑ in an all-stock transaction that would unite two of the largest credit card companies in the U.S.

The deal could be announced as early as Tuesday and values Discover at around $28 billion 😳

Let’s take a closer look at the (potentially) biggest Finance M&A in 2024 and see what is this all about.