MoneyNeverSleeps

090: Money Talks #16: WhatsApp | Backstage | Revolut | Olivia


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On this week's episode, Pete and Eoin dive into payments on WhatsApp, the paradox between investing in underrepresented founders and the current demographics of venture capital, and getting digitally closer to your spending through Revolut and Olivia.

This episode is kindly sponsored by Ireland’s fintech and financial services recruitment specialists, Top Tier Recruitment.  If you would like an intro to the team at Top Tier Recruitment, please click here.


In this episode, Eoin and Pete dig into pieces of content from this week that are relevant to the cosmic cloud of startups, tech, venture deals and enterprise in which they live and work. At the end of this episode, Eoin announced the big news on the first edition of the MoneyNeverSleeps newsletter on SubStack, more news to come!

The stories covered in this week's episode include:

Visa, Facebook Link Up For P2P Payments, eCommerce On WhatsApp (PYMNTS.com, 15th June 2020)

-Beginning this week, Brazilian users will be able to pay for things through WhatsApp and can establish an account by adding their card card details to WhatsApp.

-Businesses can receive funds by opening a WhatsApp business account with a 3.99 percent fee applied on top of payments they receive.   Finally, WhatsApp making money!

Arlan Hamilton from Backstage Capital on Backstage Crowd (no news available, older story on Arlan)

-“Invest alongside Arlan Hamilton and Backstage to get access to the best diverse deal flow in VC.”  Backstage Capital focuses on underrepresented founders and now the deal flow is open to all accredited investors through Backstage Crowd.

-Cross-over connection with Beezer Clarkson from Sapphire Ventures on The Full Ratchet with Nick Moran - in this episode, Beezer and Nick had a short exchange on the the impact of the pandemic on how people get to know each other in the VC/founder context.

Revolut launches open banking feature in Ireland - (Silicon Republic, 17th June 2020)

-Revolut launches an open banking feature that enables your transactions and balances data from Bank of Ireland, AIB, UlsterBank and PTSB to be viewable in the Revolut app.

Olivia’s AI assistant encourages mindful spending and saving - (Silicon Republic, 15th June 2020)

-Olivia AI launches in Ireland and Bank of Ireland, AIB, UlsterBank, PTSB and Revolut are enabled to share your transactions and balances data with -Olivia.

To listen to more, please visit https://www.moneyneversleeps.ie/ for all of our other episodes.  Also, follow us on Twitter @MNSShow, @PeteTownsendNV and @EoinFitzgerald9 for updates and more information.



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MoneyNeverSleepsBy Eoin Fitzgerald | Pete Townsend