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.