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> fintech expenses shiuld be negligible And that's the rub - it'd be more profitable to thr mothership if the fintech expenses were not negligible over 20 year
by sangnoir 3y ago
> fintech expenses shiuld be negligible
And that's the rub - it'd be more profitable to thr mothership if the fintech expenses were not negligible over 20 years.
- bornfreddy 3y agoDo you think so? Their profits are their mothership's profits, so any expenses are, too. It's like putting from one wallet to another and harming the businesses (assuming their fintech solution is not optimal) along the way. I don't get it, but from the article I don't think this is what is happening anyway. It wouldn't make sense either.
- sangnoir 3y ago> It's like putting from one wallet to another and harming the businesses Sort of, but they'll be pulling money from a joint wallet that's 80% owned by other people. I expect even if the workers gain majority ownership, they will have no control - so the fintech service contracts will likely outlive the businesses.