Bye Bye Banks?

Bye Bye Banks?

How Retail Banks Are Being Displaced, Diminished and Disintermediated by Tech Startups and What They Can Do to Survive

James Haycock, Shane Richmond

LevelMoney, which launched in 2012, is another US-based PFM which targets millennials looking to pay back student loans and to start saving. The business received $5m investment from VC KPCB and as of January 2015 had 700,000 users before it was acquired by Capital One.

Link · Startups and the bit of the banking model they’re after