Michael and Johnny look at Plaid, the API service powering the hottest Fintech consumer apps today. We look at the "financial access" part of the Financial Service industry, discuss the value Plaid adds to its users and how society as a whole has benefited from it. We wrap up with a verdict and debate Plaid's future.
In News of the Week, one of Michael's Whiskey bets comes true - there is a new African Fintech Unicorn, Flutterwave, which raised $170M at a $1 B valuation.
Recorded Date: Sunday, March 14, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:02:48: Plaid Intro
- 00:05:01: Industry
- 00:11:11: User Value
- 00:16:31: Societal Value
- 00:18:39: Final Verdict & Future
Highlights
- Michael's whiskey bet pays off - There is a new African Fintech Unicorn (Flutterwave)
- Plaid is helping power this new generation of consumer facing applications
- Plaid is in Financial Plumbing
- What value are users getting from Plaid?
- What value has society derived from Plaid?
- Could Plaid IPO in the next 12 - 18 months?
- If the banks came together to build a unified API, would Plaid be in trouble?
- Could they be an international player?
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