341. News: More money is always good news!

1h18 listen

341. News: More money is always good news!

David and Sarah are joined by some great guests to talk about some of the most interesting stories of the last 7 days. Including: British fintech booms with 2019 set to be a record year for investment, SoftBank bets big in South America, and Facebook to be fined $5bn! All this and much more on today's Fintech Insider News!

This week we have some great stories for you as David and Sarah are joined by a couple of great guests:

  • Amy Lewin, Senior Reporter at Sifted
  • James Teodorini, European Partnerships Development Manager at Button
  • Oliver Prill, CEO of Tide
  • Megan Caywood, Global Head of Digital Strategy at Barclays

We kick off the episode by taking a look at how British fintech booms as 2019 is set to be a record year for UK investment. To start us off, we have a soundbite from Jo Oliver, Partner at Octopus Ventures, commenting on the story.
Jo explains why the trend of signinificant investment is likely to continue and why we shouldn't read too much into a 30% decline in investment deals. James Teodorini makes the point that only 15% of this investment is early stage and he'd like to see this figure increase, as this indicates that we're still seeing new entrants to the market. (4:35)

Up next, JPMorgan's CEO is looking for the banks next acquisition, and they're expected to be targeting a US neobank. This sparks a built it vs. buy it debate, with the guests discussing the pros and cons of each, as well as a discussion about how open neobanks are to being acquired and much more. (14:47)

Other stories include:

  • Facebook 'to be fined $5bn over Cambridge Analytica scandal' (28:15)
  • Fintech in Latin America continues to draw big dollars as Softbank invests $231 million in Creditas (34:34)
  • Startup Button Rides Mobile Commerce Growth to New Financing (41:53)
  • Sydney could use facial recognition for public transport payments (46:58)
  • Private Eye's analysis of UK challenger bank's tube ads (59:08)

All this and so much more on today's show.

Don't forget to subscribe so you never miss an episode, leave a review on iTunes and let us know your thoughts on the stories @FintechInsiders on Twitter where you can also ask the hosts questions, or email podcasts@11fs.com

This week's episode was produced by Laura Watkins and edited by Alex Woodhouse.

Special Guests: Amy Lewin, James Teodorini, Jo Oliver, Megan Caywood, and Oliver Prill.