Why is every startup becoming a bank?
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Why is every fintech or finservices startup becoming a bank? Partially because they can, partially because it can be lucrative, and partially because, we found out, it's a way to juice customers that they've already paid to acquire. Want to make your CAC expenses look more efficient? Stretch out that LTV!
TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.
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Spotify:
50% off a 1-2 year subscription to Extra Crunch with discount code EQUITY:
Why is every fintech or finservices startup becoming a bank? Partially because they can, partially because it can be lucrative, and partially because, we found out, it's a way to juice customers that they've already paid to acquire. Want to make your CAC expenses look more efficient? Stretch out that LTV!
TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.
Subscribe to TechCrunch today:
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