Seeking Alpha
2021-06-11 19:40:02

TaskUs founders see big action in fintech, cryptocurrency

Speaking as the company's shares make their debut on Wall Street, the founders of digital outsourcing company TaskUs (TASK) said the digital economy "is on fire," with particular growth taking place in the fintech sector, including in the cryptocurrency space.In an interview with Bloomberg, Jaspar Weir, the company's co-founder and president, said that its business has been bolstered by strength across the digital economy.However, TaskUs was seeing particular interest from fintechs. This included cryptocurrencies, as well as challenger banks and lenders.Meanwhile, previously lagging industries, like entertainment and travel, were also starting to make a comeback now that COVID restrictions were being loosened, Weir noted.Asked whether the firm was seeing income inflation for the types of workers it places at companies, Bryce Maddock, TaskUs's co-founder and CEO, acknowledged that wage pressures were hitting the economy.Maddock said the company had seen these throughout the world, but they had become most pronounced in

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer