This discussion dives into the impressive growth of Pomelo, a fintech success story from Latin America, following a recent funding boost. Tandem is introduced as a clever app facilitating shared finances without merging accounts, reflecting the evolving needs of couples. The conversation also navigates the ambivalence of enterprises regarding generative AI, revealing a gap between expectations and reality. Lastly, the outlook on startup valuations presents cautious optimism, indicating stability amid uncertain market trends.
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Pomelo's Growth
Mary Ann Azevedo covered Pomelo in 2021 when it was pre-product and pre-revenue.
It has since grown and raised a $40 million Series B, showcasing resilience in the fintech payments infrastructure sector.
insights INSIGHT
Resilient Fintech
Payments infrastructure remains a resilient sector within fintech, as seen with Pomelo's success and Visa's acquisition of Pismo.
This indicates continued opportunity in Latin American fintech and payments.
insights INSIGHT
Tandem's Approach to Finances
Tandem offers a solution for couples who want to manage finances together but not commingle funds fully.
This bridges the gap between joint and separate finances, addressing a common relationship point of contention.
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This week, Mary Ann Azevedo and Alex Wilhelm took to the mics to chew through funding rounds and trends galore. Enjoy, and don’t forget that our interview with Aileen Lee is here.
Pomelo: $40 million more dollars for Latin American fintech? It’s the perfect Mary Ann story. Even better, we got growth data from the company to noodle on. It turns out you can raise up rounds in 2024!
Tandem: Alex chose the Tandem Seed round for his deal of the week, even if he doesn’t want to use it. In short, couples of all types have different money management needs, making Tandem a potential hit.
Briq: Mary Ann has been covering this company for some time, making its recent extension round well worth our time.
AI and the enterprise: AI is going to change everything, AI is going to make your job irrelevant, AI is going to eat your lunch. So we hear. The enterprise, however, is singing a slightly different tune.
Valuations, and their potential recovery: Sadly it doesn’t seem too likely that we are about to see a massive rebound in startup valuations this year. The good news? It doesn’t seem too likely that we are about to see massive price erosion, either.
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.
Equity