1.275 billion dollars, all cash. When news hit two weeks ago that the lending company owned by Cleveland Cavaliers owner Dan Gilbert was buying the personal finance app Truebill, heads turned. It was an eye-popping sum for a company that just 6 months earlier raised a series D at a $500M valuation. Did Truebill deserve […]
If you had to pick a single pandemic stock, Square might have been it. A relatively counter-intuitive pick given the primacy of its offline card reader business, Square gained about $80B in market cap between February 2020 and February 2021. But where the rise is swift, so tends to be the fall. Square was no […]
FinTech has been evolving rapidly in the Real Estate Investing Space – REITs, Equity Crowdfunding, P2P Lending, & Owning Outright. Given the plethora of new investing options, this post explores returns and AUMs. The Allure of Real Estate The collective American (and global) consciousness places a high value on real estate ownership. For decades, this […]
Note: I am currently employed by Affirm. At the time I published this post, I was not an employee of Affirm. My opinions are my own and not that of Affirm or its affiliates. One of the hilarious commercials this Super Bowl was from a relatively unknown FinTech, Klarna. With this ad, the company help […]