With Wirecard causing major headaches for European fintech companies Revolut is one company poised to take advantage of the situation...
I look at how spending $8 billion can either buy you $3 billion of revenue from Ingenico, or the private valuation of Robinhood and/or Revolut. Would you rather have a massive cash-flow machine, or a venture bet on a Millennial investing meme? To articulate this question in more detail, we walk through the impact behavioral finance has had on economic rational actor theories, and why quantitative financial modeling often similarly fails to capture the underlying tectonic plates of industry. It may not be wrong to bet on Millennials. We talk about what identity economics (ala identity politics) means for market value and how to think about generational change.
Nick Ogden has been around fintech longer than just about anyone; he founded Worldpay in 1997, a company that was...
Dozens of Coinbase users were complaining on Reddit regarding unexpected charges on their credit and debit cards; Worldpay and Visa issued a joint statement saying the issue was not cause by Coinbase; the Financial Times reports that the source of the problem was still not clear though it did seem related to merchant category codes that were assigned to Coinbase; the issues bring up concerns that regulators have been discussing, rules around the new digital currencies are not clear. Source.
Worldpay’s new Global Payments Report says buy now, pay later is set to double in size by 2023; payments and...
2019 has become a big year for fintech mergers and that trends look to continue for some time; payments in...
FIS announced today that it is buying leading payments processor Worldpay in a $35 billion deal, one of the largest...