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Equity

Fintech's fever can't make up its mind

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 22 June 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: After a multi-year fundraising boom, what is the current health of the fintech startup market? The episode was inspired by a rigamarole of news, including but not limited to Klarna's potential valuation haircut, Apple's BNPL announcement, Brex's partial market retreat and Wealthsimple's staffing cuts. The other reason that we're chatting fintech is that after attracting a simply huge chunk of venture capital in the last few years has gone into the sector. And that means that so very many startups are in play when we discuss the fintech niche. This is not just a few unicorns, and decacorns, but a flat-out fleet of companies that are now stuck waiting for the venture capital market to reignite. With Affirm and Klarna showing just how far prices for fintech revenues have fallen, what's ahead? How worried should founders be? We dug into all that and more! Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:15.3

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. I'm Natasha

0:18.8

Masquerinas and this is our Wednesday show where we niche down to a

0:21.7

single topic, think about a question and

0:23.5

unpack the rest. This week we're asking after a multi-year fundraising boom what is the

0:28.6

current health of the FinTech startup market and as always I am joined by the wonderful Alex Wilhelm to get

0:34.2

through that big one. So Alex hello it is so good to be back how are you?

0:38.4

I'm feeling great for a number of reasons first which is that you're back, thank God, I have missed you, and the show is missed you,

0:46.4

I presume everyone out there with us today has missed you, I also am wearing my dress tank top for this particular recording, so that's how much I care.

0:53.6

Okay yes I was waiting for us to start recording for me to compliment it.

0:56.7

It is badass and where is it from because I want to get one for my people?

1:00.3

Oh well I was on I was on Twitter and someone in my life was gently

1:05.0

mocking me for wearing very casual male attire and I said, well, you know, fine,

1:09.2

where's the where's the dress tank top? And then someone sent me this Amazon link to a button up tank top and then it

1:14.4

actually has I believe it's called a Nauru collar on it.

1:17.0

Yeah I love these collars like I feel I feel both worldly and debonair.

1:23.2

So yeah, feeling good.

1:24.4

I mean, it's perfect.

1:25.3

And I also missed you.

1:26.8

I am so happy to be back.

1:27.8

I was able to tune out of most news over the past two weeks,

1:32.4

but there were two items that broke through and it's

1:34.8

actually fitting for this episode. One was that Apple is getting into the buy now

...

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