WORKWEEK

What’s good everyone, Ian here. Was scouring the internet for stories and came across a great essay from my homie Jared Franklin. Jared, who’s based in South Florida, is an investor at Costanoa Venture and has a ton of great fintech operator experience as a founder and product person at Blispay, PayPal and BlockFi. Super…

Contrary to popular belief, debit cards have always been second fiddle to credit cards. Banks and issuers have always thought that credit cards had a much stronger consumer value prop—with things like rewards and benefits—and issuers made a lot more off of revolving credit balances and the interest payments attached.  About a decade ago, that…

Reddit x FTX Internet community giant Reddit has teamed up with FTX to allow its users to pay for ETH gas with fiat. Since 2020, Reddit users that participate in certain subreddits (currently only r/cryptocurrency and r/fortnite) and earn Community Points, Ethereum based tokens that are meant for governance and as a status marker on…

Last week, I wrote about some alarming macroeconomic trends that could impact fintech companies— a dramatic increase in consumer credit card balances. My thesis is that, similar to how a portion of debit card spend made its way to fintech companies over the last few years, a portion of the $46 billion increase in credit…

Inflation Is Driving Credit Card Startups Too Last week, I wrote about some alarming macroeconomic trends that could impact fintech companies— a dramatic increase in consumer credit card balances. My thesis is that, similar to how a portion of debit card spend made its way to fintech companies over the last few years, a portion…