Posts tagged Metropolitan Commercial Bank
Square's Robinhood competitor and Robinhood's Square competitor are rented from API providers, delegating billions
Square's Robinhood competitor and Robinhood's Square competitor are rented from API providers, delegating billions

I look at two mental models explaining why and how financial APIs have led to the creation of billions in enterprise value. The driving news is that Square Cash is competing with Robinhood in free trading, powered by trading API company DriveWealth. Last week, we saw that Chime, Robinhood, and Monzo were powered by payments API company Galileo. Should these enablers be worth the billion-dollar valuations of their clients? Are APIs inevitable technology progress? Or are we just seeing venture financing spilling desperately into a rebundling play to find profitability?

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embedded finance, neobank, digital investingLex SokolinTink, Codefi, Hydrogen Platform, Revolut, OCC, DriveWealth, Galileo, Plaid, The Bancorp, Green Dot, Current, Metropolitan Commercial Bank