Why Fintech Companies Like Square and Stripe Are Thriving Right Now

Here’s why the economic downturn is actually benefiting payments and lending startups

Photo: Nathan Dumlao/Unsplash

Fintech companies spent the last 10 years building products, from payments to lending, that were designed around a fast, flexible, software-first economy.

Riding the e-commerce wave

Tech-enabled loans to serve small businesses

With so many businesses desperate for capital, and so many people moving their spending from physical stores to e-commerce, the companies that can serve those needs well will prosper.

Creating smarter loan products and services

While there’s been an absolute shift to lower spending, there’s been a simultaneous relative shift to more e-commerce, and that benefits payment processors.

Trial by fire

I write about technology (more logos than techne) and economics. Newsletter: https://diff.substack.com/

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