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 it 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!

• Want more insights about FinTech and Compliance delivered directly to your inbox? Let’s stay in touch! Click here.