[plttn]

As someone sitting kinda on the outside of fintech/finance, it just feels like there's a lot less value add and market oversaturation these days from "hipster app with Bancorp account".

I previously had Simple (rest in peace), and was totally okay with it, but it clearly wasn't worth it to BBVA/PNC. I went to SoFi just because they're making moves to get their own charter, rather than sitting with Bancorp.

Now you've got Robinhood, Credit Karma, Chime, etc etc all running Bancorp backing accounts so really there's no fundamental difference between any of them.

[ericlewis]

I can't really talk about it, but that charter things is... in their minds