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!
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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.
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