Marker
Pop business for the intelligent reader. A publication from Medium.

Fintech

In Marker. More on Medium.

Paying in installments is just a Trojan horse for the payments company’s plans to become a shopping destination

If Sebastian Siemiatkowski made the boat, Klarna wouldn’t exist. Siemiatkowski, Klarna’s co-founder and CEO, was backpacking around the world without taking any airplanes. Missing a cargo ship in Australia delayed his schedule so that instead of enrolling in a masters program in Sweden, he spent a year working for an…

No Mercy No Malice

A herd of unicorns is at the stable door, looking to trample Wells Fargo and Chase.

My north star(s) for philosophy, management, and politics are Star Wars, The Sopranos, and Game of Thrones, respectively. The Iron Bank (GoT) is a metaphor for today’s financial institutions, if present-day banks didn’t need bailouts or to invent fake accounts to juice compensation. Regardless, it was well known throughout Braavos…

Affirm’s IPO pop shows that the 2020 IPO fever hasn’t yet broken. The buy-now-pay-later fintech startup founded and run by PayPal co-founder Max Levchin went public on the Nasdaq yesterday, after having postponed its initial IPO plans in December to raise its share price from $33–$38 to $49. In doing…

The Ticker

What you need to know about the buy-now-pay-later startup founded by PayPal veteran Max Levchin that went public today

Welcome to The Ticker, a series that examines everything you need to know about companies going public.

Today, Affirm will discover the value of patience.

Originally slated to go public in late 2020, Affirm, the financial services company created by PayPal co-founder Max Levchin that lets customers “buy now, pay…

Earlier this summer, Marc Rubinstein wrote for Marker about how Alibaba founder Jack Ma’s Ant Group became the “fintech to beat all fintechs.” Now, the company can add another record under its belt: world’s largest-ever initial public offering to date. New filings on Monday reveal that the Chinese online payments…

Alibaba built the “Amazon of the East.” Now, its fintech spinoff is set to be the biggest IPO of the year.

In an IPO market that’s on fire, the biggest is yet to come: Ant Group, a Chinese online payments giant, created by Alibaba founder, Jack Ma. The company filed for its IPO this week and is expected to be the most valuable company ever to go public on a global…

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

Conventional thinking suggests there are two types of companies that would be hit hard in a sudden recession: first, the ones with nowhere to hide because they have exposure to every part of the economy, like payment providers, and, second, the ones who lend to borrowers who can’t otherwise get…

Humans aren’t always great at making financial decisions — enter autonomous finance

Spending a few dollars here on a good sale and a few more there on a fine meal is easy to justify. But then you end up with just enough money for avocado toast but not enough to ever set foot on the homeownership ladder.

That is, unless you’re using…

More and more consumers are going to realize it’s worth their while to join the no-fee revolution hitting the finance industry

Charles Schwab, E*TRADE, and now Fidelity have announced in recent weeks something that was inevitable given competitive pressures, but nonetheless important: None is charging a commission on trades of most stocks and ETFs.

It’s a monumental shift for three of the largest legacy players in an industry that finds itself…

Between the Lines

Bloomberg is one of the best software companies in history, so good luck and best wishes

“I’m going to kill X” is usually a bad business idea. Generally, there are obvious reasons to kill it (it’s profitable, customers hate it), and there are nonobvious reasons nobody has succeeded yet.

Bloomberg is one of the best software companies in history, and it may be the single best…

Marker

Pop business for the intelligent reader. A publication from Medium.

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