Banking is necessary; banks are not.
When Bill Gates said this way back in 1994, it was hard for most people to predict just how different the financial world would look 26 years later.
But he was right. Today, financial technology, or fintech, is disrupting banking in ways that will revolutionize the industry for the long-term.
And as always, that level of disruption brings with it some serious money-making opportunities.
Today, let’s dive into exactly how fintech is reshaping how we handle our money… as well as an opportunity for you to take advantage of the space right now.
Brick-and-mortar banks are going out of style
Gone are the days where you need to walk or drive to your nearest banking building just to make a transaction.
Now, you can handle all of your banking needs in just a couple of minutes with the touch of a button on your smartphone.
And fintech companies are taking advantage of this digital landscape in ways that brick-and-mortar banking institutions haven’t
Fintech companies offer a range of financial software services, from online banks, to digital currencies, to cheaper money transfer options, and everything in between.
Some of the biggest companies – Venmo, PayPal, and Square – are worth billions of dollars in enterprise value. In fact, Square-owned CashApp is worth around $27 billion in enterprise value… more than the rest of Square combined.
In short, the range of fintech is unparalleled. Fintech software can do so much more than a traditional brick-and-mortar bank… and it’s doing it faster and cheaper, too.
But why is this significant? That leads us to our next point…
Fintech is democratizing access to money
Around 25% of households in the United States have very limited access – or no access at all – to traditional banks. Many big bank chains are even pulling out of low-income neighborhoods, drawing an even thicker line through the middle of our society.
Fintech has the ability to turn that around and make banking more accessible for everyone.
Enter the world of “neobanks” – direct banks that operate only online with no physical branch networks.
Neobanks target people without physical bank access with more cost-effective structures that oftentimes don’t require any monthly fees, withdrawal costs, or overdraft penalties.
Many neobanks offer other services like budgeting, money-tracking tools, and more personalized customer service experiences.
They also don’t use traditional banking technology and avoid the costs of running physical locations, meaning they’re a win-win for companies and consumers alike.
In other words – traditional banks will need to significantly adapt their services or risk losing the banking competition to a series of up-and-coming fintech superstars.
More on that below…
Digital banks are introducing never-before-seen banking tech
Dozens of digital-only banks are popping up around the country and world, and each have their own shiny bells and whistles that will change the banking world forever.
But there’s one tiny digital bank out there launching a new kind of device that we believe will put them on the map all across the country.
It’s a digital debit ring that takes the place of a physical wallet.
When you hold the fingerprint-paired ring over a contactless reader, the ring becomes your payment method. It basically eliminates the need to carry a wallet full of cards and money… making money-handling safer, easier, and more sanitary.
The company behind this ring is on a big mission to make banking more accessible to all. Their online banking services focus almost exclusively on targeting giving loans to the 89 million underbanked yet credit-worthy and deserving borrowers in the country.
This is the seventh most profitable bank in all of New York City, and now, they’re opening their doors for everyday folks to lock in a ground floor opportunity.
To learn how to take advantage of this opportunity, we suggest you head over to today’s dealroom analysis meeting hosted by Neil Patel and David Weisburd, one of the world’s most successful venture capitalists.
David will share all the company’s details and share exactly why he chose to invest his own money.
And at the end of the event, you’ll have a chance to learn how to invest right alongside him.
The dealroom doors are closing fast, and we don’t want you to miss out on this deal recommendation.
Just click here to enter the deal analysis meeting.
We’ll talk soon.
Until next time,
The Neil Patel’s Private Deal Flow Research Team
When Bill Gates said this way back in 1994, it was hard for most people to predict just how different the financial world would look 26 years later.
But he was right. Today, financial technology, or fintech, is disrupting banking in ways that will revolutionize the industry for the long-term.
And as always, that level of disruption brings with it some serious money-making opportunities.
Today, let’s dive into exactly how fintech is reshaping how we handle our money… as well as an opportunity for you to take advantage of the space right now.
Brick-and-mortar banks are going out of style
Gone are the days where you need to walk or drive to your nearest banking building just to make a transaction.
Now, you can handle all of your banking needs in just a couple of minutes with the touch of a button on your smartphone.
And fintech companies are taking advantage of this digital landscape in ways that brick-and-mortar banking institutions haven’t
Fintech companies offer a range of financial software services, from online banks, to digital currencies, to cheaper money transfer options, and everything in between.
Some of the biggest companies – Venmo, PayPal, and Square – are worth billions of dollars in enterprise value. In fact, Square-owned CashApp is worth around $27 billion in enterprise value… more than the rest of Square combined.
In short, the range of fintech is unparalleled. Fintech software can do so much more than a traditional brick-and-mortar bank… and it’s doing it faster and cheaper, too.
But why is this significant? That leads us to our next point…
Fintech is democratizing access to money
Around 25% of households in the United States have very limited access – or no access at all – to traditional banks. Many big bank chains are even pulling out of low-income neighborhoods, drawing an even thicker line through the middle of our society.
Fintech has the ability to turn that around and make banking more accessible for everyone.
Enter the world of “neobanks” – direct banks that operate only online with no physical branch networks.
Neobanks target people without physical bank access with more cost-effective structures that oftentimes don’t require any monthly fees, withdrawal costs, or overdraft penalties.
Many neobanks offer other services like budgeting, money-tracking tools, and more personalized customer service experiences.
They also don’t use traditional banking technology and avoid the costs of running physical locations, meaning they’re a win-win for companies and consumers alike.
In other words – traditional banks will need to significantly adapt their services or risk losing the banking competition to a series of up-and-coming fintech superstars.
More on that below…
Digital banks are introducing never-before-seen banking tech
Dozens of digital-only banks are popping up around the country and world, and each have their own shiny bells and whistles that will change the banking world forever.
But there’s one tiny digital bank out there launching a new kind of device that we believe will put them on the map all across the country.
It’s a digital debit ring that takes the place of a physical wallet.
When you hold the fingerprint-paired ring over a contactless reader, the ring becomes your payment method. It basically eliminates the need to carry a wallet full of cards and money… making money-handling safer, easier, and more sanitary.
The company behind this ring is on a big mission to make banking more accessible to all. Their online banking services focus almost exclusively on targeting giving loans to the 89 million underbanked yet credit-worthy and deserving borrowers in the country.
This is the seventh most profitable bank in all of New York City, and now, they’re opening their doors for everyday folks to lock in a ground floor opportunity.
To learn how to take advantage of this opportunity, we suggest you head over to today’s dealroom analysis meeting hosted by Neil Patel and David Weisburd, one of the world’s most successful venture capitalists.
David will share all the company’s details and share exactly why he chose to invest his own money.
And at the end of the event, you’ll have a chance to learn how to invest right alongside him.
The dealroom doors are closing fast, and we don’t want you to miss out on this deal recommendation.
Just click here to enter the deal analysis meeting.
We’ll talk soon.
Until next time,
The Neil Patel’s Private Deal Flow Research Team