Eoin Fitzgerald and Pete Townsend dive deep into the annual results from UK neobanks Starling and Monzo and what’s next for both, before getting into Square’s deal for BNPL (buy now, pay later) player Afterpay and how the integration will lead to a ‘fintech flywheel’. They then dive even deeper into their developing fintech flywheel thesis with a look into how Amazon and Shopify built their flywheels around a B2C to B2B bridge and ‘doing one thing well’, before tying it all back together with a look at Revolut’s travel plans.

MAIN STORIES COVERED:

Starling’s Results

Breaking down Starling’s 2020 financials (Sifted, 22-Jul-21)

Monzo’s Results

Monzo reports £114m annual loss and a second “going concern” warning (Sifted, 30-Jul-21)

Square’s big move into BNPL with Afterpay

Why Square is shelling out $29B to snag BNPL player Afterpay (TechCrunch, 2-Aug-21)

When Fintech Meets Marketplaces (a16z Fintech Newsletter, July 2021)

HONORABLE MENTIONS:

Revolut, Europe’s $33 billion fintech giant, launches a travel booking feature(CNBC, 20-Jul-21)

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