BBE: News From The Fintech Front — May 2023
In this episode, our host is joined by two special guests who bring their expertise and insights to the table: Sandra Mianda🖇, founder of payment consultancy company Paypr.work [ˈpeɪpəwəːk], and Monica Millares 🎙️, a representative from BigPay , a Neo Bank focused on helping individuals manage their money and improve their lives.
During our dynamic conversation, we explore the latest news and developments that have been shaping the fintech sector. One notable topic we touch upon is Twitter’s rebranding as x-corp and the appointment of Linda Yakarino as the new CEO. This strategic move reveals Twitter’s ambition to become a super app, sparking intriguing discussions about competition within this space.
Get TimePledge.org’s stories in your inbox
Join Medium for free to get updates from this writer.
We also delve into the performance of venture capital funds, which have experienced negative growth for the third consecutive quarter. This trend prompts us to examine the challenges faced by startups in today’s financial landscape. We emphasize the significance of trust and engagement in financial services, highlighting the need for fintech companies to create seamless experiences and establish trust with their users.
Additionally, we explore the exciting announcement from Goldman Sachs, as they turn Louisa into a fully-fledged, open social media platform to compete with LinkedIn. This development underscores the demand for a social media platform tailored specifically to deal-making and fundraising in the startup ecosystem.
As we conclude our conversation, we reflect on the current state of the fintech ecosystem. While funding may have been abundant in the past, there is now a growing emphasis on reassessing growth and sustainability. We draw insights from the City of London’s perspective with particular attention to the Revolut case, which reinforces the need for responsible due diligence and profitability within the industry.
📺 Watch the full episode here: https://www.youtube.com/watch?v=5j-hMCz31M8
