869. Insights: How Wio Bank made a profit in just one year with CEO Jayesh Patel

On this episode of Fintech Insider Insights, host Benjamin Ensor is joined by Wio Bank CEO Jayesh Patel. Profitability is what every fintech strives for, but it took Starling Bank and Revolut over seven years to achieve it, and Monzo has just announced its first annual profit in their 2024 annual report. So how did a digital bank based in the UAE achieve profitability after just one year? We wanted to get to the bottom of this massive achievement, so we invited Wio Bank CEO Jayesh Patel onto the show to answer all our questions. This week's guest: Jayesh Patel - CEO of Wio Bank --------------------------------------- Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.  Our expert hosts, with real industry experience, are joined by the biggest decision-makers, VCs, and reporters from across financial services including guests from Visa, Nubank, M-Pesa, Starling, and JP Morgan Chase to discuss the latest news, developments, and trends within the industry. Our weekly news show drops every Monday and tackles the biggest news stories, from acquisitions and launches, to regulatory changes and innovation. Then, every Friday our Insights show dives deeper into the hottest topics shaping the industry like web3 and BNPL. Whether you’re already immersed in the world of financial services, or just keen to learn more, this is the #1 podcast for you. If you enjoyed this episode, don't forget to subscribe and please leave a review Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email [email protected]! Learn more about your ad choices. Visit megaphone.fm/adchoices