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Fintech Insider Podcast by 11:FS
855. News: Zopa reaches profitability, Chime get fined and Ant goes to Saudi
May 13, 2024
Sam Maule and Kate Drew discuss Zopa's profitability, Chime's fine, iwoca's funding, and Ant's expansion into Saudi. They also explore the rise of online saving communities and the challenges faced by challenger banks in SME lending. Ant's venture into Saudi Arabia is analyzed for its potential impact on the global payment sector.
59:19
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Quick takeaways
- Zopa achieves profitability with £4bn customer deposits, showcasing sustainable growth in the fintech industry.
- Chinese women's trend of forming online savings communities highlights the power of group motivation in promoting financial discipline.
Deep dives
Banco Sabadell rejects takeover bid from BBVA
Banco Sabadell rejects a €12 billion takeover bid from BBVA, citing undervaluation of growth prospects. BBVA's offer to merge with Sabadell is the second attempt in four years, highlighting the complexity of mergers.
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