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The Rise of SPACs with
Industry Visionary Betsy Cohen
While special purpose acquisition companies (SPACs) may have been considered exotic in the past, they have become solidly mainstream over the last two years. Nearly 300 companies went public via SPAC in the first quarter of 2021 alone, including well-capitalized firms like Taboola, Otonomo, Payoneer, and ironSource. Total investment in SPACs has reached $96 billion so far this year, and they accounted for more than 50% of new public listings in 2020.

As is the case with any investment vehicle, SPACs come with risks attached, and given their substantial—and rapid—growth, many in industry and academia are raising the specter of a SPAC bubble.

AlmaLinks is honored to host Betsy Cohen, Chairman of FinTech Masala and one of the world’s foremost experts on SPACs, to offer her insights into their rise and risks, and to share the lessons she has learned while raising more than $3 billion in nine SPACs and announcing six mergers since 2015. 

Her discussion will also include reflections from her storied career and decades of experience founding, operating, and selling large corporations. Her 50-year career in the legal and financial services industry includes founding and serving as CEO of The Bancorp, a groundbreaking commercial internet bank which she led from 1999-2014, and Jefferson Bank, which she founded in 1974 and grew to become the Philadelphia region’s largest local financial institution before its sale in 1999. Earlier in her career she was the second female law professor on the East Coast, teaching banking and antitrust law at Rutgers University Law School. Cohen has also been recognized as one of the “50 Leading Female Entrepreneurs of the World.”  
  • Date: Thursday, October 7
  • Time: 11:00 AM - 12:30 PM EST; 6:00 PM - 7:30 PM IST
  • RSVP: newyork@almalinks.org. The Zoom link will be provided upon RSVP.
About Mrs. Betsy Cohen: Betsy Cohen is the Chairman of FinTech Masala, a sponsor of special purpose acquisition companies (SPACs) focused on fintech innovation. Cohen is widely recognized as a business visionary in the fields of law, banking and real estate. In 1974, at age 32, she founded Jefferson Bank, becoming the first female bank CEO in Pennsylvania, and one of the first in the nation. She later took the bank public and sold it in 1999. In the same year, she founded The Bancorp, a commercial internet bank that was revolutionary in providing financial services to 1,600 non-bank fintech companies. She served as its CEO until retiring in December 2014. Describing her trailblazing 50-year career in a March 2021 profile, Cohen told the Wall Street Journal that she has no plans to slow down, saying: “You’re really only as good as your last deal.”

See you there,

The AlmaLinks Global Team

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Recognizing the global nature of the AlmaLinks membership community, we invite all members from around the world to join in regional programming and local chapter events. We hope your frequent travels will enable you to participate in sessions hosted by chapters in other cities for mutual benefit and enrichment.

AlmaLinks is a global, collaborative community that connects CEOs, founders, financiers and seasoned executives with exceptional business leaders in Israel and Jewish communities around the world.

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