It’s been a long time since we’ve seen such positive signals in fintech

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 8 November 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, Mary Ann and Alex dove deep into encouraging signs from the fintech startup market: Solid results from Klarna are on top of Alex’s mind. The company’s ability to continue growing while staying profitable is a reminder that one down-round does not a company kill. Fintech fundraising results were on Mary Ann’s mind as we wait for venture capitalists to re-accelerate their investments in the space. Sure, no one wants to return to 2021-era insanity, but after so long in the valuation doghouse, perhaps fintech has reached its nadir? And we leaned on data. Here’s the American consumer debt information Alex referenced, Affirm results will drop here, and the CB Insights venture data we cited is here. More to come in our Friday news roundup! Talk to you then! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! 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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0:00.0	Hello and welcome back to Equity, a podcast about the business of startups where we unpack
0:16.4	the numbers and the nuance behind the headlines.
0:18.8	My name is Alex and this is our Wednesday show where we think about a topic and we dive deep. Today we're talking
0:24.3	about Klarna's big Q3, what's going on with B&PL as a whole, the state of FinTech investing
0:29.8	and how overstretched is the consumer from a credit perspective?
0:33.6	It's all on the show today, but I could not do all this FinTech without my partner in crime.
0:37.8	The Robin to my Batman.
0:39.1	It's Mary Ann Azaveto.
0:40.4	Actually, you can be Batman.
0:41.4	I'll be Robin.
0:42.4	Hey Alex, it's not every day I get to talk for at least 30 minutes on one of my favorite topics, so glad to be here.
0:49.0	Absolutely, and I love going through all these numbers. We're going to have a lot of show notes for this one, everybody.
0:53.7	Just so you know, if you want to go back and pull the data we're looking at,
0:56.9	I'm going to try to give you everything we have.
0:59.2	And so you can go find it if we go a little bit fast,
1:01.9	but there's a lot to get through so let's do it
1:03.7	anyways Mary Ann and I here today because we have quite a lot of FinTech news we wanted to
1:07.8	digest and jest down for you including things like Klarnas Q3 results what what's going on with B and P.L as a whole, state of FinTech,
1:15.7	state of consumer credit.
1:17.2	It's kind of a summary episode because there's a lot to digest as the FinTech world changes.
1:21.4	Marianne, as we said on the show before, back in 2021, FinTech was a solid one at every five
1:26.8	venture capital dollars during a boom, so there was so many companies built, founded, scaled,
	...

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