Dave's digital banking revolution reminds us that neobanking can be profitable 🐻🏦; JPMorgan is bucking branch closure trend 🏠👋; PayPal aims to revolutionize online shopping with Fastlane 👀💳

FinTech is Eating the World, 6 August

Hey Everyone,

Good morning & happy Wednesday! Today’s issue is the best one yet as we’re going to look at challenger Dave who reminds us that neobanking can be profitable (deep dive and breakdown of the bank’s latest numbers to see why Dave might be worth your time and money in 2024), JPMorgan which is bucking bank branch closure trend (what it’s all about and why it matters + a bonus deep dive into JPM & how it’s crushing it in AI + Finance), and PayPal that aims to revolutionize online shopping with Fastlane (what’s the USP & hope for the payments giant + a bonus deep dive into PayPal’s Q2 2024). Let’s jump straight to the hot stuff 🌶️

Dave's digital banking revolution reminds us that neobanking can be profitable 🐻🏦

Following the money 💸 Digital challenger Dave DAVE 0.00%↑ has positioned itself as a disruptive force in the neobanking space, targeting the underserved market of Americans living paycheck to paycheck.

The company's latest financials reveal a compelling growth story and show us (again) that neobanking can be profitable, obviously, not without risks.

Let’s dive deeper and unpack the latest numbers to see why Dave might be worth your time and money in 2024.