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Starling Bank On Track to Turn a Profit by the End of 2020; SoFi Wins Preliminary Approval for US Bank Charter & Launches Credit Card; Jiko Raises $40M to Build T-Bills-Based Retail Bank
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Starling Bank On Track to Turn a Profit by the End of 2020; SoFi Wins Preliminary Approval for US Bank Charter & Launches Credit Card; Jiko Raises $40M to Build T-Bills-Based Retail Bank

Weekly FinTech Digest | Week 44

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Linas Beliūnas
Oct 30, 2020
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Starling Bank On Track to Turn a Profit by the End of 2020; SoFi Wins Preliminary Approval for US Bank Charter & Launches Credit Card; Jiko Raises $40M to Build T-Bills-Based Retail Bank
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This week (26-30 October) was super interesting week in FinTech. Starling's approach of sustainable growth, not growth at all costs has positioned it to hit its 2021 profitability target even despite the coronavirus pandemic; Alliance Data, an established payments, marketing, and loyalty company, has reportedly agreed to a $450M stock and cash acquisiti…

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