Nice podcast from Odd Lots discussing the Wirecard fraud. Lots of insights but my favourite is to be wary when you see a financial services company exhibit high growth while maintaining profitability.
There may be exceptions to the rule but that is not how the financial services market normally works.
podcasts.apple.com/au/podcast/odd-lots/id1056200096
Tony — From the Outside
“… financial services company exhibit high growth while maintaining profitability” – to all those in awe of fintech, please try to understand the business model. The market of payment services is competitive and has two important, establisher players: Visa and Mastercard. No way they will give ground to a startup if it wasn’t risky.
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