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Is MYOBs deal with Flare a key indicator on the future of Fintechs?

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Barely a month after failed takeover talks with ANZ, MYOB shifted its focus and invested in one of the biggest fintech deals of the year, buying Flare, in my humble opinion a great deal.

For platforms in the SME space, MYOB are coming.

Does this demonstrate Fintech is thriving as an industry?

Or do you have to build until bought? Risk de-banking or go overseas for primary revenue streams?

What this really says is, Fintech is here to stay.

No matter the end game.

So if you have a good idea to disrupt CeFi, there's never a bad time.

https://www.myob.com/au/about/news/2022/myob-acquires-flare--australian-smes-to-reap-benefits0



What do you think?


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