Equity Stripe is playing checkers with Plaid
May 6, 2022
The latest chatter covers Elon Musk's massive Twitter bid and the big bucks backing him. There's a spotlight on fintech innovations, with discussions around inclusivity and bank investments. The team explores how digital health startups are preparing for legal changes affecting abortion rights. A significant pivot in investment strategies raises eyebrows, and the intense rivalry between Stripe and Plaid takes center stage as they transition from partners to competitors. Drama unfolds in the fintech scene, promising more insights ahead!
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Musk's Twitter Funding
- Elon Musk secured over $7.1B from investors like Sequoia, a16z, and Binance for his Twitter bid.
- This raises concerns about potential conflicts of interest, especially with investors from repressive regimes.
Line's Inclusive Fintech
- Line, a public benefit corporation, offers small emergency loans without interest or requiring credit history.
- This inclusive model aims to help those excluded by traditional financial systems.
Line's Revenue Model
- Line charges a flat monthly subscription fee instead of interest, aligning their revenue growth with customer repayment.
- This model fosters trust and encourages responsible borrowing habits.