Skip to main content

Fintech CAC and the Great Credit Card Craze

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
Today we’re getting two items out of my notebook while sticking to our recent fintech theme (Q1 fintech VC results here and more on investing patterns into the category here). Let’s chat about fintech customer acquisition costs and the rise of card-focused plays inside of the category.

For a little context: I’ve been hunting down a story on rising fintech customer acquisition costs (CAC) for what feels like a year. After a host of calls and chats on the topic, I’m admitting defeat. Details below, but I’m excited to cross the topic off my to-do list.

Regarding cards, I’ve spoken to both the CEOs of Brex and Ramp in recent weeks and corresponded a bit with Coinbase. So let’s chat interchange a little bit as well. Today is a fintech grab-bag, and we’re all going to be better for it. Onward!



from Startups – TechCrunch https://ift.tt/2vhWtXz
Labels:

Comments

Post a Comment

Popular posts from this blog

Thousands of cryptocurrency projects are already dead

Two sites that are actively cataloging failed crypto projects, Coinopsy and DeadCoins , have found that over a 1,000 projects have failed so far in 2018. The projects range from true abandonware to outright scams and include BRIG , a scam by two “brothers,” Jack and Jay Brig, and Titanium , a project that ended in an SEC investigation. Obviously any new set of institutions must create their own sets of rules and that is exactly what is happening in the blockchain world. But when faced with the potential for massive token fundraising, bigger problems arise. While everyone expects startups to fail, the sheer amount of cash flooding these projects is a big problem. When a startup has too much fuel too quickly the resulting conflagration ends up consuming both the company and the founders and there is little help for the investors. These conflagrations happen everywhere are a global phenomenon. Scam and dead ICOs raised $1 billion in 2017 with 297 questionable startups in the mix. The
Post a Comment
Read more

Dance launches its e-bike subscription service in Berlin

German startup Dance is launching its subscription service in its hometown Berlin. For a flat monthly fee of €79 (around $93 at today’s exchange rate), users will get a custom-designed electric bike as well as access to an on-demand repair and maintenance service. Founded by the former founders of SoundCloud and Jimdo , the company managed to raise some significant funding before launching its service. BlueYard led the startup’s seed round while HV Capital (formerly known as HV Holtzbrinck Ventures) led Dance’s €15 million Series A round, which represented $17.7 million at the time. E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures The reason why Dance needed so much capital is that the company has designed its own e-bike internally. Called the Dance One, it features an aluminum frame and weighs around 22kg (48.5lb). It has a single speed and it relies on its electric motor to help you go from 0 to 25kmph. And the best part is that you
Post a Comment
Read more