Pipe said it is on the hunt for a “veteran” CEO; & more!

Connecting the dots in FinTech... by Marcel van Oost

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NEWS HIGHLIGHT

Pipe said it is on the hunt for a “veteran” CEO, as the three co-founders are stepping down from their roles as executives of the company in one of the most dramatic management shake-ups seen in the fintech startup world in some time. Link here

BREAKING NEWS

``We're alive and kicking,” said CEO of banking app Dave, expecting to dispel doubts after this year's 97% stock plunge. The CEO also added that the company has enough cash to survive the current downturn for fintech firms and reach profitability a year from now. Link here

Anti-Woke banking startup GloriFi cancels itself less than three months after its public debut. The company, which missed multiple launch deadlines and had its CEO step down due to misconduct, is citing “reputational attacks'' and “the failing economy”. Link here

#FINTECHREPORT

In its latest ‘State of European FinTech’ report, Finch Capital forecasts a period of cooling and consolidation across the FinTech sector, as macroeconomic conditions grow more challenging. Link here

Qonto: The profitability challenge, is C-Innovation's latest addition to its series of Deep-Dive reports, which reveals Qonto’s success factors, current challenges and what the future prospects look like for the company. Link here