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We first wrote about Silvergate Bank when they announced their pre IPO round by the Witter Family Office (not by the usual VC Funds). The Witter name should ring a bell with finance folks as the money came from Mr. Dean Witter and the firm that bears his name (part of Morgan Stanley since 1997). […]
The post Silvergate is becoming a real crypto bank and that should worry legacy banks. appeared first on Daily Fintech.
During the Cambrian explosion phase, lots of Neobanks were funded. It was a period of high excitement, full of hopes and dreams. Cambrian explosion is usually followed by consolidation when: A. Lots of startups fail. For investors with a portfolio, this is difficult. For entrepreneurs, this is traumatic. B. A few startups make it to the […]
The post Fintech Macro Part 2. Neobank consolidation phase will create a few huge winners appeared first on Daily Fintech.