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Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

Companies were abandoned and it led to a 5- to 6-year drought in fintech innovation. The fintech hits : The seeds of several important companies were sown in the 1999 to 2007 stretch (Paypal, Prosper, Zoka, Mint, Credit Karma). Financial crisis (2007-2008). The S&P dropped 56% from its peak in Oct 2007 to the bottom in Mar.

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We analyzed 7 of the fastest-growing personal finance apps of all time to figure out the secrets to their success — here’s what we learned

CB Insights

An explosion of new consumer finance brands is transforming how people save, spend, and manage their money. Allowing users to “cut” by referring other users was an innovative idea, and it worked. Much of Mint’s early success can be tied to a very simple product innovation. In aggregate, they command $1.3 ” — BJ Fogg.

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