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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

Sure they had great tech, refreshing UX and a talented team. But, I think we have another strong contender with the latest challenger, Boston-based Envel. From the outside anyway, Envel looks to be a case study in leveraging partners’ technology to stitch together world-class features without building in house. Real language.

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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

US consumers aged 18+ make an average of 70 payments per month, with debit cards accounting for 32% of those purchases, according to a 2017 study by the Boston Fed. PayPal subsidiary Venmo’s forthcoming Venmo Card operates in a similar fashion. ux to help target existing clients.

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