Fintech Insider Podcast by 11:FS

963. News: IPOs are on the horizon for Monzo and Chime, Stripe teams up with Ramp, and Klarna's boss says: less AI, more humans

May 19, 2025
Join Jason Mikula, a fintech consultant, Monika Liikamaa, CEO of Enfuce, and Dave Morris, CEO of 11:FS Foundry, as they dive into the latest happenings in the fintech world. They discuss the anticipated IPOs of Monzo and Chime, unraveling their growth strategies and market positions. The collaboration between Ramp and Stripe for stablecoin payments takes center stage, while Nordic countries aim to enhance offline payment systems to counter cyber threats. Furthermore, Klarna's shift to prioritizing human interaction over AI sparks a fascinating debate.
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INSIGHT

Monzo vs Chime: Bank Vs Payments

  • Monzo is a regulated UK bank with deposit insurance and loan capabilities, while Chime is a payments company, not a bank.
  • Valuation differences stem from business models and revenue types, with Chime valued higher largely due to tech company multiples and interchange revenue.
INSIGHT

Stablecoins in Cross-Border Payments

  • Using stablecoins for cross-border payments makes sense in volatile economies like Latin America.
  • The bigger question is whether stablecoins offer a genuine technology benefit or simply regulatory arbitrage compared to fiat currency.
ADVICE

Embrace Collaboration in Fintech

  • Foster collaboration instead of competition for innovation in fintech.
  • Solving complex global problems requires cooperation between established companies.
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