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Ask HN: Are there any startups disrupting business banking?
Ally and Simple are doing a great job in the consumer space, but is there anyone working on business banking?
We have used both national and local banks and it's nothing but a struggle. Fees to receive money, fees to move money, fees to send money. There's a fee for just about everything, and almost nothing works as it should.
- jurymatic 11y agoCredit unions + Transferwise
- burritofanatic 11y agoActually, yes: http://dealbook.nytimes.com/2014/12/13/small-bank-in-kansas-is-a-financial-testing-ground/ http://dealbook.nytimes.com/2014/12/13/small-bank-in-kansas-...
- tmaly 11y agoI was going to suggest this one. But outside of that, there are so many regulatory barriers that it tends to keep competition out.
- tixocloud 11y agoWas there a particular process you're thinking of? Business banking in general is huge - I'm only aware of startups who tackle a small subset of the service (i.e. payments, loans, etc.)