Today almost 4 billion people have smartphones with internet access. Just like Amazon rendered much of retail obsolete, the same thing is happening to

Modern Banking to the Masses☕

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2021-08-26 14:30:06

Today almost 4 billion people have smartphones with internet access. Just like Amazon rendered much of retail obsolete, the same thing is happening to banks. Bank branches (like this last Blockbuster) are anachronisms. Eventually every consumer will run their financial lives through a mobile app.

The convergences of mobile, digital money, and new data sources offer startups a unique opportunity to surpass outdated infrastructure and compete with the legacy financial institutions to reimagine the way we manage our finances.

Coinbase and Robinhood have already made their public market debuts this year and have commanded huge price tags but there are still several unicorns left in the space. 

*Enter Chime*, the largest American-based neobank recently raised a Series G (their 5th fundraising in 3.5 years), valuing the company at $25 billion dollars and positioning them to continue challenging the personal banking industry.

The last two decades have been defined by software transforming and upending every facet of business; from movies to transportation, businesses are being run on software and delivered as online services.

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