neobanks

3 statements across 3 episodes · 1 bullish · 2 bearish · 3 people on the record · first statement Jun 7, 2019 by Zach Perret · across every show →

Everything said about neobanks, oldest first

Jun 7, 2019 bullish
Prediction Partly held up
Perret predicts European neobanks will expand to the US by 2021
“We're going to see a lot of the neobanks coming to the U.S., I suspect, in the next year to two years, and I suspect that we'll see a lot of U.S. Companies coming to the U.K. As well, where they'll be launching more neobank-like products.”
Zach Perret Jun 7, 2019 ▶ 25:08 20VC: Plaid's Zach Perret on Why You Have To Hire For Spikes and What That Really Means, Fintech Predictions From Incumbent Entrants To The Rise of Europe & The 2 Big Questions That CEOs Should Ask Themselves
Mar 26, 2021 bearish
Prediction Partly held up
Velez predicts major neobank consolidation as consumers reduce financial apps
“Customers will have less apps in their phone, not more, and they will not have five banking relationships or 10 banking relationships or five different wallets. So I would expect a significant consolidation of that over the next few years”
David Vélez Mar 26, 2021 ▶ 23:22 20VC: Nubank CEO David Velez on Scaling Nubank to a $25BN Company, Why What Makes a Great Founder Does Not Make a Great CEO & The Responsibility Framework and How Leaders Can Use It To Drive Efficiency
Jul 26, 2024 bearish
Insight
Peiris: Neobanks cannot sustainably subsidize payments with deposit interest
“If a neobank starts, like using that money to subsidize another product, it becomes unfeasible because then people would churn.”
Nilan Peiris Jul 26, 2024 ▶ 14:32 Nilan Peiris: What Growth Hacks Worked and What Did Not, from Wise CPO | E1182 · 20VC with Harry Stebbings
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