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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). The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

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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). The online-only bank lets customers deposit and save money on its platform and spend using a no-fee debit card.

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Whitepages Pro Spins Out, Becomes Ekata

PYMNTS

Beyond the spin-off and name change comes some brick-and-mortar evolution and regional focus, as the firm opened a new headquarters in Amsterdam earlier this year, focused on sales and marketing efforts. The consumer business, he noted, is driven by web user experience (UX) or mobile apps. The Broader Landscape — And Looking Ahead.

UX 124
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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148
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The 2022 GonzoBanker Awards

Gonzobanker

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Except maybe they did partly.

Community 216
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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. Crafting a simple UX for a personal finance app is a tall order. Swedbank, Capital One, SEB, and Wells Fargo have all introduced bots for similar purposes.