Tech Weekly: Investment boom in rapid grocery, and FCA gives breathing space for UK crypto firms
Today Nasson talks to Lily Russell-Jones and Charlie Conchie about this week’s most important stories in crypto and fintech.
Lily explains the FCA’s decision to extend its deadline for crypto firms seeking regulatory approval; and Charlie goes through the latest valuations and funding rounds for rapid grocery delivery firms, and outlines whether their high-spend model is viable in the long-term.
Lily’s FCA deadline extension article, and Emily Hawkins and Charlie’s rapid grocery bubble article.
Episode transcript (auto-generated)
Host 0:07 Hello and welcome to Tech weekly, a podcast by City A.M. where we go through some of the most important stories in the worlds of tech, crypto, FinTech and beyond. If you’ve ever wondered how rapid grocery firms such as Getir and Gorillas operate whilst offering such substantial discounts for everyday products, then you’re not alone. Their rise to prominence over the last year has suddenly been something to watch. Some are worried the bubble might burst and questioning whether their operating model is indeed viable. I’ll be chatting to Charlie about a new funding round for the firm’s their lopsided financial margins and how they’re playing the long game. But first I’ll be talking to Lily about last week’s story regarding the FCA and its controversial deadline for crypto firms seeking regulatory approval in the UK. So Lily, what’s been going on this week in crypto?