Neobanking
topic on 2 shows · 5 statements across 3 episodes
5 statements about Neobanking, every show
Open Co-Founder: Modern Customers Do Not Need Standalone Neobank Accounts
“So personally, if you ask me, like, I'm not a big believer of this new banking as a story, because I don't really believe that today's customers need another bank account onto it.”
Indian Neobanks Are Indirectly Regulated Through Their Partner Banks
“Today neobanking is not fully directly regulated by RBI. The regulation is on the banks, the partner bank.”
Wilkes argues eager venture capital is driving overvaluations in the neobanking sector
“Yes, absolutely. I think the VCs are anxious to jump in and to participate, and that drives a bit of overvaluation.”
Quona has backed three neobanks globally but none in India
“We have three neobanking investments. We are close to making a fourth one. A couple of them in Brazil and in other markets, right? But we have none in India.”
High-quality incumbent Indian banks leave little room for neobank startups
“India, the banks are not terribly inefficient in India. And there are 30, 40 times more banks in India, maybe at least 10 X of the number of banks in Brazil, which are high quality. So in the middle of that, I think without being able to articulate how you are…”