US banks generated $30B annually in overdraft fees around 2018
Zuben Matthews · How he grew to $100M ARR—then exited for $460M. | Zuben Matthews, Founder of Brigit · PMF Show · Jul 14, 2025 · at 10:47
Zuben Matthews, founder of fintech Brigit, discusses bank revenue dynamics and why incumbent institutions historically avoided replacing overdraft fee models.
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“The reality is when we started our company, banks, We're making about thirty billion dollars in overdraw fees. Thirty billion dollars.”
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