I do fintech stuff at @twifintech
investing from https://t.co/fWbpP6eOOL
syndicating at https://t.co/3vcbuxQCrc
The dogs bark but the caravan moves on.
Apr 4, 2022 • 11 tweets • 2 min read
This is a good time to talk about the dangers of joining fintech startups with super high valuations relative to their progress (or ARR).
Let's assume that you have two fintech companies, Startup A (low-profile) and Startup B (buzzy), competing head-on to build exactly the same product.
(It's more like 5 per YC cohort these days, but...)
What's the danger of joining the buzzy, highly-valued startup?
Mar 13, 2022 • 17 tweets • 4 min read
A couple ago, I left my BD & Strategy job at @GooglePay. The next morning, I was on a flight from New York to Kampala for a @twifintech meetup.
Attitudes on fintech across Africa – on fintech outside of the US for that matter – have shifted dramatically over the past couple years. It’s amazing to see examples like @ycombinator lending its brand to startups from Sudan.
We all know that Q1 was a crazy quarter for fintech fundraising - but just how crazy was it?
Fintech companies raised *$17.7 BILLION* in Q1, more than 55% over the highest quarter we've ever tracked.
The number of #fintech deals has been sharply ticking upwards:
- 130 funding rounds in Q1 '20
- Up to 211 rounds in Q4 '20
- Up to *301* rounds in the last quarter
Aug 1, 2020 • 12 tweets • 5 min read
This has been my theory for a couple years and it's exciting to see it come to fruition.
@Apple never wanted to be a credit card company. It wants to create lock-in benefits to its core money-maker: the iOS ecosystem, and it wants to (privately) own more types of user data.
