The Payments Shed
Grant Evans and Justin Hanna are joined by Esme Wilson, Private Equity Vice President at Pollen Street Capital, for a conversation exploring why confidence is returning to payments and fintech investment — but under a very different set of rules than just a few years ago. Esme shares her perspective from the front line of private equity, discussing the return of deal activity, how founders should think about raising capital versus continuing to grow independently, and why today's investors are placing far greater emphasis on resilient business models, predictable revenue, and long-term value creation. The discussion explores how valuations have evolved since the highs of 2021 and 2022, what lessons the market has genuinely learned, and whether AI is creating the next wave of investment excitement or another valuation bubble. They also unpack what makes a payments business attractive in today's market, why sectors such as government, education, and essential financial infrastructure are receiving increased investor attention, and what founders need to understand before considering fundraising, acquisition, or private equity investment. Plus, Esme steps up for The Payments Shed's legendary Shelf of Shame to nominate one investing trend she'd happily banish forever. *** The Payments Shed Podcast is headline sponsored by Damisa. Damisa is a regulated cross-border payments and treasury infrastructure provider. Using a blend of traditional banking rails and stablecoin technology, Damisa helps businesses move money faster, cheaper, and more transparently across global markets. Its platform supports collections, settlements, disbursements, and liquidity management, while maintaining a strong compliance-first approach. Damisa is building the next generation of global payment infrastructure. Learn more at: https://www.damisa.xyz/ [https://www.damisa.xyz/] *** The Payments Shed Podcast is also sponsored by Cyclops. Cyclops is a crypto and stablecoin infrastructure platform built for payments companies, enabling PSPs, acquirers and processors to offer crypto acceptance, stablecoin settlement and payouts without building their own blockchain stack. It provides a unified solution for pay-ins, pay-outs and fiat-to-digital asset conversion, with simple API or low-code integration. Learn more at: https://cyclops.finance/ [https://cyclops.finance/] *** The Payments Shed Podcast is supported by PCN. PCN is a boutique recruitment agency rooted in Amsterdam, driven by a singular mission: connecting top talent with industry leaders. PCN specialises in five core pillars — Fintech, Cybersecurity, SaaS, E-Commerce, and Salesforce — backed by a global network across borders. Learn more at: https://teampcn.com/ [https://teampcn.com/] *** Disclaimer: Any views or opinions referenced in this podcast episode are our own, or those of our respective guests, and they do not represent any views, opinions, or statements from our respective employers, or those of our guests. Additionally, any views expressed here are not intended as investment, legal, tax, or financial advice.
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