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SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. But that’s not to say that these FinTechs have a certain path ahead. The More Things Change.

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Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

One comparison that comes to mind is mid-size bank Fifth Third, which is publicly traded at around $15 billion, has 20,000 employees, over $200 billion in deposits, and prints over $1 billion in revenue per quarter. All of those are fractional, digital, and interoperable. Don’t get us started on WeWork, SoftBank, and Silicon Valley.

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