I agree that we're going to see a lot of M&A activity. I disagree that it's some sort of meat market with IPOs at an activity low of two decades now and public companies trading also significantly lower, particularly in tech companies as well. The appetite, the risk appetite and the valuations at the growth stage is dropped significantly. That really limits the funding options for companies in that bracket who typically would have snapped up that growth funding but haven't yet reached profitability. It does feel like we're coming to the end of that endless capital being pumped into these businesses and prioritizing growth over profitability.
Our expert hosts, Ross Gallagher and David Barton-Grimley, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week.
This week's guests include:
- Irina Chuchkina, Chief Marketing Officer, Thunes
- Natasha Jones, Early-Stage Investor, Octopus Ventures
We cover the following stories from the fintech and financial services space:
- Apple Card has cost Goldman Sachs over $1bn in losses - 5:00
- Cashed-up banks ready to buy UK fintech firms on the cheap in 2023, says VC chief - 18:20
- Women pass 40% mark on European financial services boards but hurdles remain - 31:15
- US tech firms are replacing workers with cheaper talent in Latin America - 42:00
- Revolut is assembling a new team to address its workplace culture - 50:10
- Amazon to widely launch 'Buy with Prime', says offering improved merchant sales - 51:50
- Keep cake away from office, suggests food watchdog head - 54:25
Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It’s hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking.
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Special Guests: David Barton-Grimley, Irina Chuchkina, and Natasha Jones.
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