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Prime Meridian Capital Management is an investment management firm specializing in online Peer-to-Peer (P2P) lending strategies.
Special purpose acquisition companies (SPACs) have started to gain more traction as more fintech companies go public last year and this year. Challenger bank MoneyLion is planning to go public via blank-check merger in $2.9 billion deal. SPACs raises capital through an IPO to acquire an existing private company without going through the typical IPO process. To Read More Here about MoneyLion to Go Public.
According to a report published by S&P Global, U. S. online originations are anticipated to rebound from 2020 and increase online origination volumes over 20%. Lenders that have survived the storm will stand on stronger footing in 2021, as economists expect a strong rebound in economic activity this year, bolstered by the rollout of COVID-19 vaccines that allow economies to move closer to fully reopening. The resumption in business activity is expected to lead to considerable job gains and move unemployment closer to normal levels. Prime Meridian Capital Management is an investment management firm specializing in online Peer to Peer (P2P), marketplace lending, and specialty finance strategies.
Although Covid may have affected some people and businesses, it is noteworthy to point out that “U. S. credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending habits” according to an American Bankers Association report. Bloomberg dives deeper into this here. Prime Meridian Capital Management is an investment management firm specializing in online Peer to Peer (P2P), marketplace lending, and specialty finance strategies. For more information on Prime Meridian, please contact us.
Looking at the payments and fintech industries, we would like to highlight two exciting of the nine payment and fintech predictions for 2021 from this Forbes article. With more people working from home due to the pandemic, online shopping and payments are predicted increase while foot traffic at stores and boutiques will decrease in 2021. Small and Medium Sized Businesses will Increase in Popularity With the increased popularity in online shopping and payment, small and medium sized businesses (SMEs) may see an increase in sales. First hand, I have witnessed small mom and pop shops in San Francisco Bay Area convert their payment system to an online payment system, such as Square.