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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

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