Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Can you expand on this? Never heard of this but I'm not super involved in fintech/banking. Something like Solarisbank?


Not OP, but here's generally how you would do it [0].

However, in the EU there are a few other banks to try [1], [2].

In the US, you could try [3].

There's also companies which partner with multiple banking services to provide a cohesive offering [4], [5].

For anyone wanting to do this, here's two issues that I have found.

1) If you don't have banking licenses, the conversation will stop abruptly. Even if they advertise that they may work with you from their website. It's a big hurdle.

To overcome that, I know of 1 company that may help [6]. If anyone knows of any more, please reply.

2) It's rare to talk to VP/Management level operatives, which is where you want to be. Unless you manage to dig out the CEO/COO email and contact them directly. Going from the bottom (contact us form) upwards just means you'll end up speaking to a Z level employee who doesn't know the banking business at all.

Disclaimer: I've contacted over 100 fintech companies. The whole state of affairs is pretty bad. It's improving, but won't be there until 2020 at least.

[0]: https://blog.faisalkhan.com/money-transmitter-license-applic...

[1]: https://www.fidor.com

[2]: https://www.mambu.com

[3]: https://www.crossriverbank.com

[4]: https://www.railsbank.com

[5]: https://www.unnax.com

[6]: https://www.coinx.com


Wow, you know I am always blown away by how helpful people are and how awesome responses can be. I really appreciate this and all the resources, I'm reaching out to Fidor today to learn more




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: