I am a big fan of super apps. My biggest frustration with Zuck is him not copying WeChat more.
Maybe I should look at Paypal a bit more.
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Plaid teams up with Square, Marqeta, SoFi, others to move into payments
Plaid said Thursday that it has created a payments ecosystem to allow more individuals and businesses to settle transactions by tapping bank accounts directly.
Plaid’s payments ecosystem promises to allow transactions to be settled via the banking industry’s ACH system rather than rely on credit and debit card payments using networks owned by Visa (NYSE: V) and Mastercard (NYSE: MA)
Essentially want to kill the credit cards.
I own SQ and MQ (@manch take note MQ is involved).
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Moving more transaction off the rails of V and MA is highly disruptive. The V/MA built a strong moat over the years but the fintechs are circling. Too much money at stake to not try to get a bigger slice of payments and transactions pie.
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Visa tried to buy out Plaid last year but the regulators told them to eff off. In internal emails Visa execs were talking about how Plaid was a big threat to Visa and were looking forward to killing them off.
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BTW Plaid is based in SF. Visa is based in Foster City. Can’t go wrong with either one.
If Plaid goes public, I’m definitely getting on that 
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And Stripe (SF or SSF-based) 
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Here I am hyping fintechs when I still like to write checks
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Plaid is going public. I have it in my list to switch job before it becomes public 
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Everybody is preparing and re-organizing for metaverse
So much talk about SOFI would join the Trillion dollar market cap club eventually (I know it sounds familiar, many CEOs and investors say so for their high conviction stocks) because it will be an ONE-STOP shop for all kind of financial needs one may need. That’s Chamath’s vision. Recalled that he said all cars would be EVs made by TSLA and would monopolize energy distribution in USA, I check the chart.
Didn’t have any position in SOFI. May be should wait for the earning result and what happen to the application for a bank license. The price bounces into the downward trending line and reverse down now.
Credit-Card Giants Shrug Off Rising Buy-Now, Pay-Later Threat
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Customers flock to the offering as top merchants sign on
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‘That’s not really a big competitive threat,’ AmEx’s CEO says
Sound like Clay Christensen’s innovation dilemma. Are credit card not worry or pretend to be?
Top 5 FinTech upstarts wanting to disrupt the entire finance and banking industry. Which one do you favor? The most ambitious one is SOFI. Still not listed are Plaid and Stripe.
Timber… lost tons of money in fintech stocks. Just kidding. Sold AFRM. Didn’t own any SOFI, UPST, etc. Anyhoo, they are in some kind of wave two… hard to tell wave two would complete at which retracement… most of them have not declined till the minimum 23.6%… if it re-bounces from here mean my count is wrong.
Maybe you should just copy Puru’s portfolio. Puru lives in Hong Kong BTW.