Equity Fintech TAM explained by dating apps
Mar 2, 2022
In a lively discussion, fintech expert Mary Ann Azevedo, author of a popular fintech newsletter, explores whether startups are playing offense or defense today. The conversation highlights strategic moves by companies like Ramp and Pipe, and dives into their expansion into media and travel. Azevedo shares insights on the competitive landscape, examining whether fintechs are adapting out of necessity or purpose. The hosts also discuss challenges for early-stage founders and the evolving nature of valuations and exit strategies in this dynamic sector.
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Pipe's Expansion
- Pipe, initially focused on SaaS companies, expanded to any business with recurring revenue.
- Their acquisition of Purely Capital marks their surprising entry into media and entertainment.
Ramp vs. TripActions
- Ramp, a corporate spend management startup, expanded into travel.
- This move directly competes with TripActions, which expanded from travel into corporate spend management.
Fintech Convergence
- Fintech companies tend to converge into similar product offerings over time.
- This increases competition and makes it harder for companies to differentiate.