When I did my study on the BaaS providers last year, most of them were venture funded and not profit making and almost all of them were in the business for only

When I did my study on the BaaS providers last year, most of them were venture funded and not profit making and almost all of them were in the business for only a few short years. The only profit making / long term businesses that were into this space were Kii and Apigee App Services. The rest appeared to be candidates for acquisition.