Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian...
The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention. Banking for brands startup Bond raised...
View ArticleHow Monzo, Revolut, and Starling get to break-even, and comparison with...
This week, we look at: The financial model behind Monzo, and comparisons to Revolut and Starling How the Eastern super apps inspired the marketplace model, and why that success is hard for neobanks to...
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Was SoFi Stadium Worth the Money?
Last Sunday night the world saw SoFi Stadium in all its glory for the first time. Well, that’s not exactly right because there were no fans in the stadium, but the TV coverage showed off the new...
View ArticleThe 2020 guide to Fintech SPACs, and how to get them to like you
This week, we look at: An overdue analysis of the SPAC structure, reflecting on the $75 billion size and stage of the market Economics and regulatory paths of going public via investment bankers,...
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SoFi to Go Public via a SPAC That Values the Company at $8.65 Billion
Big news from SoFi today. While we know that the company has been considering going public for some time, we learned today that they will do so, not via an IPO, but through a Special Purpose...
View ArticleWho wins and loses in the Plaid/Visa divorce, and the $10 Billion in new...
In this conversation, Will Beeson and I break down a few important pieces of recent news — the SPACs for SoFi and Bakkt, and Plaid/Visa falling apart. SoFi is going public with a SPAC deal worth over...
View ArticleHow M1 Finance’s $3B AUM super-app is outcompeting Wealthfront, Robinhood,...
In this conversation, we talk with Brian Barnes of M1 Finance, about finance “super apps”, the cost-efficiencies of robo-advisors, fractionalized share trading, and tackling the titans of the Wealth...
View ArticleHow $12 Billion in Fintech SPAC capital is teaching us about the economics of...
This week, we look at: The $12 billion in cumulative SPAC capital focused on Fintech, of which $3.6 billion has been raised in 2021 Q1 alone Analysis of the private and public financial services...
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SoFi is Acquiring a California Community Bank
Emily Chang of Bloomberg interviews SoFi CEO Anthony Noto It has been a busy first quarter of 2021 for SoFi. The new year kicked off with the announcement that SoFi will go public via SPAC in a...
View ArticleSoFi Starts Trading on Nasdaq as a Public Company
Yesterday, Anthony Noto, CEO of SoFi, rang the opening bell on Nasdaq as his company celebrated its first day as a public company. SoFi merged with a SPAC run by Chamath Palihapitiya called Social...
View ArticleWhat do SPACs and IPOs say about Coinbase, Robinhood, Lemonade, SoFi, and...
We look in detail at the state of marking recently-private-fintechs to the public market in mid-2021. Multiple industry segments have seen IPOs, direct listings, and SPACs transition fintech darlings...
View ArticleThe Law of Unintended Consequences via Wells Fargo, Divergence Ventures, DeFi...
We focus on the law of unintended consequences, and how making rules often creates the opposite outcome from the desired results. The analysis starts with the Cobra effect, and then extends to a...
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Q3 Fintech Earnings Week: a Wild Ride
This earnings season started strong but turned uneven this week. Even firms that showed outsized growth saw their stock prices level: a year of absurd price increases can only go so far before good...
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Dave challenger bank goes public through SPAC
The first fintech to go public in the new year, the Dave challenger banking app went live on the Nasdaq Thursday, after a successful merger with a Victory Park SPAC. With 10 million members and an...
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Home field advantage: SoFi stock pumps on earnings
In its Q4 and full-year 2021 report, SoFi announced record revenue for the quarter and the year after the market closed Tuesday. The company, famous for its branded LA Rams stadium that hosted the...
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SoFi teams up with Mastercard with ‘Pay in 4’
SoFi is the first bank to begin ‘Pay in 4’ within the Mastercard Instalments program that began in mid-December. The company said this partnership is only available for eligible members and will...
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SoFi shows record results despite headwinds
On Jan. 30, 2023, SoFi delivered results that surpassed expectations despite challenging conditions. “We finished a remarkable year with another quarter of record financial results, and continued...
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Marketplace lending loan portfolios: Credit analysis, collateral performance,...
The following is a guest post by Gunes Kulaligil, Managing Director and Co-Head of Structured Finance at Stout. Marketplace lending is a rare versatile asset class. It is held in credit opportunities...
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SoFi reports a solid quarter as student loan repayments return
SoFi reported Q3 earnings earlier today and it was mostly good news. The company had net revenue of $537 million for the quarter, up 27% from the prior year period. Adjusted EBITDA was $98 million, up...
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SoFi reported Q4 2023 earnings, announces growth and profitability
SoFi reported earnings today for Q4 2023 and it was a blowout quarter despite the challenging macroeconomic environment. The big story was the company achieving profitability (officially GAAP net...
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