Long Take: The fundamentals of Circle's $4.5B SPAC, Robinhood's IPO, and the $30B of fintech venture capital
Hi Fintech futurists --
This week, we cover the following:
Thesis: Last quarter, fintech funding rose to $30 billion, the highest on record. $14 billion of SPAC capital is waiting to take these companies public. Robinhood and Circle are about to float on the public markets, via SPAC and IPO. In this analysis, we explore the fundamentals of both companies,…