The CEO claims the neobank’s strategy is right on track. But it’s not profitable, it’s burning through funding, and its low revenue this year hurts the possibility of more funding.
These deals could help both firms sustain business as recession fears, higher competition, and looming BNPL regulation threaten growth.
They may find it easier to meet their financial needs with digital currency, but it’s unclear how they are spending the assets and whether this promotes financial equity.
Watch the on-demand replay of our webinar, Crypto Payments 2022, as our analysts discuss US crypto payment user growth and global crypto transaction value growth trends, as well as drivers and inhibitors.
The duo introduced the Fundbox Flex debit card for small small businesses and plan to add BNPL and instant disbursement through Visa Direct.
More than three-quarters of consumers in the country are ditching physical wallets for mobile payments.