Equity 'Buy now, pay later' is just another way of saying 'debt'
Nov 3, 2023
The hosts dive into WeWork's drastic decline, discussing its billion-dollar fall from grace. They explore innovative neobanks like Charlie, catering to senior citizens, and the evolving landscape of fintech funding. The conversation shifts to health tech, comparing diabetes solutions in Egypt and the US. They examine the implications of 'buy now, pay later' services on consumer finances. Finally, they tackle the complexities of founder breakups, emphasizing the need for preemptive planning to navigate potential conflicts.
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WeWork's Downfall
- WeWork is on the verge of bankruptcy after being valued at $47 billion.
- Its stock is now trading around $1.10, a massive decline.
Charlie's Fundraising Success
- Charlie, a neobank for seniors, raised two rounds in six months, which is unusual in 2023.
- This is counter-narrative in a market where neobanks are out of favor.
Charlie's Niche
- Charlie targets older people who tend to have more money and got used to using mobile banking in the pandemic.
- They focus on anti-fraud features for this vulnerable demographic.