Bits: Decentralized Fintech

Wealthfront Cash Account APY
  1. Business model — at some point there’s only so much margin to go around. Most fintechs seek to move up the food chain by capturing interchange and the sticky direct deposit relationship. To do so, they often launch high rewards savings accounts or credit cards. In the early days, fintechs are happy to pay for speed to market to build their audience, but as they grow the market demands they keep more margin in house.
  2. Flexibility — While these infrastructure players help companies get to market quickly, they lack much flexibility when it comes to iterating on the product. Eventually, fintechs hit the traditional rails again and recall how difficult it is to overcome old tech, heavy compliance, slow moving risk teams, etc to quickly try a new product line or tweak your underwriting / risk criteria. That limits the reach and rates available on these fintech products.




All things fintech, consumer, crypto. Currently @kleinerperkins ex @blockchain, @harvardhbs @jpmorgan @quartethealth @segoviatech @cornell @stuyvesanthigh.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to buy $ASS (Australian Safe Shepherd) PC-Version

NAOS Finance and dForce Partner to Onboard Real-World Assets Backed Loans

What is Central Bank Digital Currency?

Theta (THETA) Analysis

No Supply Limit? The Economics of Ethereum

Insight on the Lighthouse NFT Trading Festival

BullPerks Announces their IDO on ZeroSwap, BSCLaunch and TrustPad

Gain Full Control of Your Finances 完全掌握您的资金

Gain Full Control of Your Finances, Plutus Capital

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Monica Desai

Monica Desai

All things fintech, consumer, crypto. Currently @kleinerperkins ex @blockchain, @harvardhbs @jpmorgan @quartethealth @segoviatech @cornell @stuyvesanthigh.

More from Medium

Why DAOs Series Summary

Breaking up with a TradFi career for Crypto and Web3

Blockchain: The Gateway Technology

What is DeFi, How does it work, and the Future