Name: Corona Virus und Öl-Preis verfall verursachen schwersten Crash seid Lehman by gevestor
Duration: 4 min 35 s
Description: Den Tag heute ist kaum noch zu retten. Der Coronavirus und fallende Ölpreise lösen Panikverkäufe an den Börsen aus. Der Dax Viel zur Eröffnung zwischenzeitlich um bis zu 8 Prozent und steuert damit auf den größten Tagesverlust seit 18 Jahren zu. Des weiteren gibt es wenige Impulse, die von den Corona-Sorgen ablenken könnten.

Welcome to the Tearsheet Podcast, where we explore financial services together with an eye on technology, innovation, emerging models, and changing expectations. I’m Tearsheet’s editor in chief, Zack Miller.

Today I'm joined by Luke Voiles, CEO of Pipe, a high profile revenue-based lender that’s evolving into a platform – we’ll talk a lot about this evolution.
Luke has had an extensive career journey that has prepared him for his role at Pipe. After starting in private equity, he joined Intuit where he helped build and lead the QuickBooks Capital team, providing capital to small businesses during the PPP loan program. He then went to Square to run their banking division before being recruited to join Pipe as CEO. I’ve actually interviewed Luke in each one of these roles and it’s been fascinating for me to watch his own growth as a product-driven leader.

In our conversation, Luke shares insights from his experience at companies like Intuit and Square that have shaped his leadership approach and methodology for building products. We discuss how he has applied lessons around having a clear mission, focusing on the customer experience, and balancing speed with compliance in regulated industries like fintech.

Luke provides a look inside Pipe's evolution from its original vision to the newly launched "Capital as a Service" offering. He explains the strategic prioritization that enabled them to build a scalable product quickly. We also get a preview into Pipe's future plans, including AI-powered tools to streamline operations for small business owners.

Whether you're an entrepreneur, operator at a startup, or just interested in financial technology and product development, I think you'll find Luke's perspectives insightful. So enjoy my conversation with Luke Voiles of Pipe.

From direct lending to embedded finance: Luke Voiles on Pipe's evolving value proposition

The chief prosecutor for the International Criminal Court has caused outrage by <a href="https://www.economist.com/middle-east-and-africa/2024/05/20/the-iccs-threat-to-arrest-binyamin-netanyahu-has-shocked-israel?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">requesting arrest warrants</a> for both Prime Minister Binyamin Netanyahu and Hamas’s leaders. China’s young people, on the lookout for safe ways to invest modest sums, have settled on collecting little <a href="https://www.economist.com/china/2024/04/25/chinas-young-people-are-rushing-to-buy-gold?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">gold beans</a> (13:20). And Hawaii may soon have the first official <a href="https://www.economist.com/united-states/2024/04/30/hawaii-may-soon-have-americas-first-official-state-gesture?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">state gesture</a> (17:04).&nbsp;&nbsp; Get a world of insights for <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">50% off—subscribe to Economist Podcasts+</a>. For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Crimes seen: The ICC chases Israel and Hamas

On today's episode, we're going behind the scenes at one of the most successful money apps out there - Cash App. Our special guest is Ryan Budd, the head of financial products at Cash App, and he's giving us an inside look at Cash App's evolution into a financial powerhouse.

Cash App started as a simple way to send money to friends, but as Ryan explains, it has become so much more. We're talking full-service banking, investing, crypto trading, tax services - the works! Ryan opens up about Cash App's bold vision to be a "one-stop shop" for all your money needs.

But how has this ambitious fintech company maintained its startup hustle and breakneck innovation pace even as it has exploded to over 57 million monthly users? Ryan pulls back the curtain on Cash App's unique team structure filled with "mini CEOs" laser-focused on different product verticals.

He also shares insights into Cash App's drive to bank the underbanked and economically empower communities that have been overlooked by traditional finance. From automated money management to increasing access to credit, Cash App wants to be the #1 choice for how people take control of their financial lives.

Ryan maps out their goal to create the "next gen community bank" by intelligently merging banking, commerce, and that powerful network effect. It's a candid conversation that you won't want to miss!

The big ideas

Cash App as a Comprehensive Financial Platform

Ryan highlights Cash App's evolution from a money transfer service to a comprehensive financial platform: "Everyone knows Cash App has this place to send money to their friends and their families. But a lot of them don't really realise that we've become so much more than that."

Focus on Banking the Base

Cash App aims to deepen its user engagement by becoming the primary banking service for its users: "When we think about banking the base, it's how do we get more customers to actually use us as their primary banking utility?"

Automation and Financial Health

The platform's automation features aim to simplify financial management for users: "You can deposit your paycheck and then we rolled out this auto allocation feature a few months back automatically set a percentage of it to savings, automatically set a percent to investing into Bitcoin."

Incentives to Retain User Funds

Cash App provides significant incentives for users to keep their money within the app, such as high savings yields and overdraft features: "If you deposit your paycheck to Cash App, you get 4.5% savings yield, you get this incredible overdraft feature that allows you to go negative without any interest or fees or anything of the sort."

Synergy Between Cash App and Square

Integrating Cash App with Square's merchant services enhances user experience and creates a seamless ecosystem: "I'm sure you've probably seen at Square point of sale systems, there's oftentimes a little Cash App barcode that's there that you can scan and use Cash App Pay."

Innovative Team Structure and Culture

Cash App's success is driven by a lean, autonomous team structure that empowers employees to innovate: "Every single person knows that they're supposed to own that vertical and they look at name X competitor in that space, and they say we're going to beat them... And they're really incentivized and empowered to kind of really think outside the box and push things."

Inside Cash App's approach to banking its base: A conversation with Ryan Budd

Domestic divisions are already complicating the <a href="https://www.economist.com/asia/2024/05/20/lai-ching-te-aims-to-strengthen-taiwan-but-maintain-the-status-quo?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">daunting task</a> William Lai Ching-te has set himself: strengthening Taiwan while maintaining its ambiguous geopolitical status quo. With more and more big firms choosing to stay private—with good reason—the stockmarket <a href="https://www.economist.com/finance-and-economics/2024/04/18/why-the-stockmarket-is-disappearing?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">is shrinking</a> (09:37). And dating apps are putting an end to the <a href="https://www.economist.com/britain/2024/04/18/online-dating-spells-the-end-of-britains-lonely-hearts-ads?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">lonely-hearts advertisement</a> (16:47). Get a world of insights for <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">50% off—subscribe to Economist Podcasts+</a>. For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

See how the Lai lands: Taiwan’s new president

Artificial intelligence is already <a href="https://www.economist.com/technology-quarterly/2024/03/27/ais-will-make-health-care-safer-and-better?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=babbage&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">making its mark in health care</a>—but new, bigger, models promise to improve how patients access services, help doctors <a href="https://www.economist.com/technology-quarterly/2024/03/27/artificial-intelligence-has-long-been-improving-diagnoses?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=babbage&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">spot diseases faster</a> and transform how medical research is done. In the first of two episodes on the <a href="https://www.economist.com/leaders/2024/03/27/the-ai-doctor-will-see-youeventually?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=babbage&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">potential of AI in health care</a>, we ask: how will patients benefit from the <a href="https://www.economist.com/technology-quarterly/2024/03/27/medical-ais-with-human-faces-are-on-their-way?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=babbage&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">technology behind ChatGPT</a>?&nbsp; Host: Alok Jha, The Economist’s science and technology editor. Contributors: Natasha Loder, The Economist's health editor; Gerald Lip of NHS Grampian; Peter Kecskemethy of Kheiron Medical; Pranav Rajpurkar of Harvard Medical School; Hugh Harvey of Hardian Health. Want to learn more about generative artificial intelligence? Listen to <a href="https://www.economist.com/science-and-technology/2024/04/03/the-science-that-built-the-ai-revolution" rel="noopener noreferrer" target="_blank">our series on the science that built the AI revolution</a>. Transcripts of our podcasts are available via <a href="http://economist.com/podcasts" rel="noopener noreferrer" target="_blank">economist.com/podcasts</a>. Get a world of insights for <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">50% off—subscribe to Economist Podcasts+</a> For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

AI and health part one: DrGPT will see you now

When it comes to the chips used in artificial intelligence, one firm has the market locked up. We look at <a href="https://www.economist.com/business/2024/05/19/can-nvidia-be-dethroned-meet-the-startups-vying-for-its-crown?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">the rivals</a> minded to steal Nvidia’s crown. The death toll from the war in Gaza has been disputed since the start; we cut through the numbers to find a reliable estimate (10:19). And our correspondent examines the <a href="https://www.economist.com/culture/2024/04/29/fed-up-with-biden-v-trump-ii-some-succour-from-fictional-rematches?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">great rematches</a> of fiction (16:07). Get a world of insights for <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">50% off—subscribe to Economist Podcasts+</a>. For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Chip shots: breaking Nvidia’s AI grip

Our editor-in-chief and Jerusalem correspondent pay a visit to Israel’s halls of power, finding that long-whispered dissent is <a href="https://www.economist.com/middle-east-and-africa/2024/05/19/the-revolt-against-binyamin-netanyahu?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">spilling</a> into the open. An Italian subsidy for green home improvements was ripe for abuse by design; the bill has now come due and it is <a href="https://www.economist.com/the-economist-explains/2024/04/17/how-a-home-improvement-subsidy-is-wrecking-italys-public-finances?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">enormous</a> (14:28). And how “Bridgerton”, a sort-of period drama, has made string quartets <a href="https://www.economist.com/culture/2024/05/20/the-hit-series-bridgerton-has-set-off-a-string-quartet-boom?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">fashionable</a> again (21:00).&nbsp; Get a world of insights for <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">50% off—subscribe to Economist Podcasts+</a>. For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Bibi blues: Israel’s fraying consensus

Narendra Modi may well be the most popular politician on the planet. India’s prime minister is eyeing a third term atop the world’s biggest democracy.&nbsp; A tea-seller’s son, Mr Modi began life an outsider and the man behind the political phenomenon remains hard to fathom. India has become an economic powerhouse during his ten years in charge. But he’s also the frontman for a chauvinistic Hindu nationalist dogma.&nbsp; Can Mr Modi continue to balance both parts of his agenda and finish the job of turning India into a superpower? The Economist’s Avantika Chilkoti finds out what makes him tick.&nbsp; Launching June 2024. To listen to the full series, subscribe to <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">Economist Podcasts+</a>. If you’re already a subscriber to The Economist, you have full access to all our shows as part of your subscription. For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs</a> page or watch our <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Trailer: The Modi Raj

The introduction of a’ foreign agent law’ has become a popular tactic among those with autocratic tendencies. Activists in Georgia, who oppose the introduction of such a law, refer to theirs as “the Russian law”. They see it as moving their country closer to Putin, and away from the West. Last week, as Georgia’s parliament prepared to vote on the law, Heidi Pett travelled to Tbilisi, the capital, to meet opposition leaders and find out why they are so afraid. What she discovered was a group being beaten, bruised, and left worried for their personal freedom—wondering, once the dust settles, what the day after tomorrow will bring. The Weekend Intelligence is free for anyone to enjoy for a limited time. To continue listening to this and other award-winning podcasts by The Economist, subscribe to <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">Economist Podcasts+</a> for only $25/year - half off the usual price. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

The Weekend Intelligence: Georgia... the day after tomorrow

Apple and Alphabet operate what is in effect a smartphone-app duopoly. Governments <a href="https://www.economist.com/business/2024/05/13/app-stores-are-hugely-lucrative-and-under-attack?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">want</a> to curb their power, but it is not clear whether more competition would change things. We ask why India’s election is so <a href="https://www.economist.com/the-economist-explains/2024/05/11/why-indias-election-is-the-most-expensive-in-the-world?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">eye-wateringly expensive</a>; the country’s size is not the only answer (08:59). And <a href="https://www.economist.com/science-and-technology/2024/04/17/locust-busting-is-getting-an-upgrade?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">new approaches</a> in the old fight against swarms of locusts (14:07). Get a world of insights for <a href="https://subscribenow.economist.com/podcasts-plus" rel="noopener noreferrer" target="_blank">50% off—subscribe to Economist Podcasts+</a>. For more information about how to access Economist Podcasts+, please visit our <a href="https://myaccount.economist.com/s/article/What-is-Economist-Podcasts" rel="noopener noreferrer" target="_blank">FAQs page</a> or watch <a href="https://www.youtube.com/watch?v=Gczo71bg1uY" rel="noopener noreferrer" target="_blank">our video</a> explaining how to link your account. <hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Stores of value: regulators lean on app vendors

Den Tag heute ist kaum noch zu retten. Der Coronavirus und fallende Ölpreise lösen Panikverkäufe an den Börsen aus. Der Dax Viel zur Eröffnung zwischenzeitlich um bis zu 8 Prozent und steuert damit auf den größten Tagesverlust seit 18 Jahren zu. Des weiteren gibt es wenige Impulse, die von den Corona-Sorgen ablenken könnten.

Corona Virus und Öl-Preis verfall verursachen schwersten Crash seid Lehman

Seit 25 Jahren der publizistischen Beratung verpflichtet, informiert die GeVestor Financial Publishing Group Ihre Leser auf allen Kanälen über neue Entwicklungen am Finanzmarkt und in der Wirtschaft. 

Corona Virus und Öl-Preis verfall verursachen schwersten Crash seid Lehman

gevestor

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