Rocket Companies’ flagship business, Rocket Mortgage, an online mortgage origination platform and app, reported over US$1 trillion in home loans to date, growing in market share to 9.2% in Q1/2020 from 1.3% in 2009, at a CAGR of 19%. [more]
Lending Club become first FinTech to acquire a bank; Morgan Stanley acquires E*Trade; Intuit acquires Credit Karma; Green Dot gets activist shareholder pressure. [more]
Intuit can be a core portfolio investments as it focuses on “sticky” software solutions, such as accounting, that are used every day, and are leveraging innovative technologies to disrupt processes most likely to be around for the near term. [more]
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