107 - What Wirecard and Many Other FinTechs Have In Common

When I interacted with Wirecard a few years ago, I had mixed feelings about them. In some ways, Wirecard is very similar to most other FinTechs, but their fraudulent activity is in a league of its own!  If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:38] The mixed feelings that I had towards Wirecard when I worked with them. [03:43] An explanation of what Wirecard does. [04:50] Some of the characteristics that Wirecard has in common with most other Fintechs.  [05:41] Wirecard's unusual path to becoming a public company.  [07:11] How honest mistakes can benefit a business. [07:48] What Wirecard did with the billion dollars they made between 2010 and 2015. [08:27] The blind political support that Wirecard received in Germany. [10:52] An overview of Wirecard's fraudulent activities.  [13:08] My top piece of advice for dealing with mistakes.    Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.  

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