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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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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 technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

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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

  2. subarashi

    November 17, 2019 at 1:23 am

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

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The portal linking New York City and Dublin has been closed. The art installation was intended to stream for six months with no interruptions to create an uninterrupted visual bridge — it only lasted six days. Most people had some nice wholesome fun with it. People played rock paper scissors across continents, made signs,danced, and were generally delighted by the joy of a collective experience… But of course, a couple people had to ruin it.

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