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I used to like these kind of bank startups because they usually have a much more polished user interface/well designed app, but they definitely do stuff like th
by dimmke 5y ago
I used to like these kind of bank startups because they usually have a much more polished user interface/well designed app, but they definitely do stuff like this.
Simple was the first big one. Then they got acquired. Then shut down. I switched to a bank called N26 that after 2 months flagged my account for "suspicious activity" and asked me to reupload identification documents. They rejected every single attempt I tried then shut down my account. I then do some reading and turns out they do this to a ton of people.
Having a fancy looking debit card and a nice app isn't worth the drama. I'd love to see one of these fintech startups actually last and not get acquired or turn into a way to market to consumers but it's looking pretty grim.