https://techcrunch.com/2020/11/11/square-and-paypal-earnings-bring-good-and-bad-news-for-fintech-startups/

Earnings season is racing past us, with the big ride-hailing companies’ numbers in, all of the Big Five having wrapped their reporting and lots of SaaS numbers in the market. But amidst all the noise, The Exchange has kept an eye on two companies in particular: PayPal and Square.

We’re not really not concerned with their overall revenue and profit metrics. Instead, we’ve been hunting around in their numbers for hints and notes about what is going on inside of fintech itself. Why? There are a host of hugely-valuable fintech unicorns that have to go public in the future that also share some market space with one or both of our public charges.