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Why is every startup becoming a bank?

Why is every fintech or finservices startup becoming a bank? Partially because they can, partially because it can be lucrative, and partially because, we found out, it’s a way to juice customers that they’ve already paid to acquire. Want to make your CAC expenses look more efficient? Stretch out that LTV! TechCrunch is a leading…

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6 years ago

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Why is every fintech or finservices startup becoming a bank? Partially because they can, partially because it can be lucrative, and partially because, we found out, it’s a way to juice customers that they’ve already paid to acquire. Want to make your CAC expenses look more efficient? Stretch out that LTV!

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2 Comments

2 Comments

  1. ingusmant

    November 12, 2019 at 11:39 pm

    If I had to guess it’s because it’s the only kind of startup that’s guaranteed to make money since the bank system has been ripe for disruption for not years but decades

    Reply

  2. subarashi

    November 17, 2019 at 1:23 am

    what is the company name they are talking about which gives on bases of followers ?

    Reply

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