TechCrunch
JULY 26, 2021
CEO Karkal has a long history in the fintech space, co-founding Simple, an app unifying various accounts into one accessible bank card, in 2009. It was acquired by BBVA in 2014 for $117 million and shuttered earlier this year. Karkal told TechCrunch that the idea for Sila was born out of frustration while starting another bank.
TechCrunch
JULY 13, 2022
The incumbent solutions were designed for on-premise, monolithic architecture. “Based on our previous experience from the financial crisis in 2007–2009, an economic slowdown pushes companies to rethink their digital strategy which is often connected with rebuilding their website. region- or product-specific) content.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Unvalidated Learnings
JUNE 8, 2017
Not only did the incumbents fail to grasp the potential value, but it would have made no sense for them to go after such a small unprofitable niche, which would have been irrelevant to their top line, and eating away at their bottom line (CDs were 90%+ gross margin products back then). most of the value created would accrue to new entrants.
abovethecrowd.com
NOVEMBER 14, 2017
I have this theory that democracy and capitalism will destroy one another if you give them enough time, and our most regulated industries are ones that are least open to disruption, so healthcare, finance, telecom, and what ends up happening is the incumbents end up writing the rules and you kind of bog down. Why will that happen?
WSJ - The Accelerators
JULY 2, 2015
One of the best graphic depictions of the cone of venture funding was done by CB Insights, which tracked a cohort of the 160 American tech startups that closed on seed funding in 2009. Only 4% of the 160 startups from the class of 2009 completed a 6 th funding round by April 2014. The graphic follows those startups until April 2014.
abovethecrowd.com
DECEMBER 18, 2017
In 2015, 46 percent of workers were enrolled in a plan with an annual deductible of $1,000 or more, up from 38 percent in 2013 and 22 percent in 2009. Here are a list of the new forces pushing the U.S. As such, the ACA has been a key driver for the continued rise of high-deductible plans.
abovethecrowd.com
JUNE 17, 2014
First, they believe that the current offerings from the financial incumbents are lacking. In July of 2009, the UK instituted a new network known as Faster Payment Service with same day settlement to replace their equivalent of ACH. Many blame Dodd-Frank and the consolidation post 2009 for the loss of free checking.
Expert insights. Personalized for you.
Let's personalize your content