alt Hacker NewsCan you give examples? I thought becoming a bank in the US is famously difficult and regulated, so much so that most businesses who can avoid it do so by partnering up with existing, tiny banks. See almost any “fintech” solution, from startups all the way up to Apple.
As far as I understand, becoming a bank is inviting a ton of overhead with little profit potential.
I don’t think they meant a literal bank, but finance games become a bigger part of their core strategy. For example, AirBnB for a while made a majority of its profits by investing the money guests paid during the gap between booking and actual stay (paying the host).