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So where does the revenue come from? A slice of the transaction fees run on the cards or interest on rolling balance? I can’t imagine the balances over 30 days
by koolba 8y ago
So where does the revenue come from? A slice of the transaction fees run on the cards or interest on rolling balance? I can’t imagine the balances over 30 days being that high (the targets have VC money to pay their bills right?) and the transaction fees can’t be that much either.
I can see why they’d need a lot of capital but I fail to see the business model for actually generating (big) income.
- roymurdock 8y agothey're aiming for acquisition. these days you don't need to make money as long as there's a need for something you can often give it away for free using VC money and then get acquired for your exit
- 10010 8y ago1. Start up 2. Cash in 3. Sell out 4. Bro down Or maybe do the dirty work of acquiring lots and lots of small companies and then sell them back to a bank in one package?