An attempt to journal some thoughts and random musings, nothing here should be interpreted as advice. A perfect smile guaranteed!
Joined November 2013
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27 Jan 2023
For those interested in $V here’s a really enjoyable read by @MarcRuby
Captures perfectly the passing of the guard and evolution over past 15 yrs
Favorite part: “One way of thinking about $V ‘s edge is that you could never get so many parties to agree”
netinterest.co/p/growing-vis…
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BlueToothDDS retweeted
19 Oct 2021
I woke up and chose violence today.
New @FintechTakes: A Tale of Two SPACs.
Building a successful neobank is really hard and the MoneyLion and Aspiration SPACs tell us why.
newsletter.fintechtakes.com/…
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28 Aug 2021
A few thoughts on $AMZN, its in-house payments capabilities, external payments offerings and recent news on accepting $AFRM at checkout
TLDR: Amazon is an unheralded innovator, doing a lot in payments for itself (as global leader in e-commerce) and for others (as 3rd party PSP)
27 Aug 2021
I have always wondered why Amazon does not inhouse payments. With ~$600B in GMV this year it should be incredibly profitable. Are authorization rates that much better with Chase?
Same here: Why don't they offer BNPL themselves? They have more data than Affirm.
cc: @BlueToothDDS
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28 Aug 2021
Linking a few thoughts here...
$AMZN among the largest payfacs given its substantial 3P seller marketplace GMV Amazon Pay volumes (in aggregate likely $500B )
Assuming nearly 150bps net yield given its scale and favorable economics (all this is CNP running over Chase) ...
28 Aug 2021
Good thread here explaining difference between using a payfac (e.g. Stripe) and being one (e.g. Toast, Mindbody, FreshBooks)
The latter enabled by payfac-in-box players like Finix, Infincept, Payrix, etc.
Use case is typically SMB software wanting to capture “payments” revenue
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28 Aug 2021
... suggesting $AMZN net payments revenue is approaching $8B after interchange and pass-through processing fees (or $15B gross revenue as master merchant charging 3rd parties for payments)
🥜 relative to Amazon’s overall revenue, but not bad vs standalone payments businesses
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