Understanding the Fintech user growth behind the $10.4 billion eToro SPAC and coming Chime IPO vs. the melting Megabanks

This week, we look at:

  • Chime, eToro, and Wise targeting the public markets through IPO and SPACs, and their operating performance

  • The overall growth in fintech mobile apps, their install rates and market penetration (from 2.5 to 3.5 per person), and whether that growth is sustainable

  • The implications for incumbents from this competition, and in particular the impact on money in motion vs. money at rest

  • Broader financial product penetration and an anchoring in how the technology industry was able to get more attention that we had to give