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That's wild. I wonder if it's good news for neobanks like Mercury and Brex who will see an influx of new customers, or on the contrary, startups will seek old,
by cissou 4y ago
That's wild. I wonder if it's good news for neobanks like Mercury and Brex who will see an influx of new customers, or on the contrary, startups will seek old, boring, safe banks instead of niche boutiques with lots of exposure to industry risk.
- dopeboy 4y agoIn my circle of founders, it appears JPMC is winning out. We are currently on Brex via lending club and monitoring the situation closely.
- AndreLock 4y agoI think it's the latter. If anything, this will negatively impact Mercury and Brex in the long run as companies will favor safety above all else.