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

PYMNTS

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

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

PYMNTS

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.

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Credit UX: Starter Loans from Self Lender

Fintech Labs Insights

youth to obtain a credit card. So most rely on debit cards for spending. However, debit cards don’t help in establishing credit for the estimated 45 million American adults without a credit score ( see note 1 ). Even before ubiquitous Visa/Mastercards, students in the ’70s and ’80s students easily obtained gasoline charge cards.

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