June 21, 2023 Capital has become much harder to raise for fintech firms, particularly for later stage fintechs, and the proverbial IPO window is shut. Does this portend an increase in M&A as firms running low on cash look for buyers and opportunistic incumbents and tech companies look for bargains? We all know that most startups that exit will do so via acquisition not via IPO, so this was always the most likely outcome. But is banking on a sale in …