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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Regional players like BankUnited have even smaller market caps (at about $2 billion). On a dollar-for-dollar basis, investors are willing to pay more for the challenger bank than the stalwart.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Regional players like BankUnited have even smaller market caps (at about $2 billion). On a dollar-for-dollar basis, investors are willing to pay more for the challenger bank than the stalwart.

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The 2022 GonzoBanker Awards

Gonzobanker

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Goes to Tom Brown and the Second Curve Capital team for the inspiring message from Clemson CEO Jim Clements. Steve McLaughlin from Financial Technology Partners’ Money 2020 party. talent market.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Slack launched its own $80M chatbot fund, partnering with leading VCs including Spark Capital, Index Ventures, Accel, KPCB, Social Capital, and Andreessen Horowitz. This flurry of activity generated a lot of excitement about the technology’s potential. Crafting a simple UX for a personal finance app is a tall order.