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Bank portability for startups – when to get it, why and how to prep
- kunle 4y agoPrior to the regulatory actions aimed at banks that underwrite startup fintech companies over the last few years (Column, Radius, Blue Ridge etc) I didn't think startups would have to care about this, but they do. This piece covers bank portability: - who needs it (startups issuing financial instruments) - when to get it (when you're scaling) - how to prep for it (get a bin, routing number, and abstracted ledger)