Sunday, April 5, 2020

Execs at US digital banks say European challengers, like N26, are underestimating the hurdles they will face in the US, like regulation and cultural differences (Protocol)

Protocol:
Execs at US digital banks say European challengers, like N26, are underestimating the hurdles they will face in the US, like regulation and cultural differences  —  Banking is becoming increasingly all-digital, and European upstarts want to dominate in the U.S. But it won't be that simple, experts say.



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PitchBook: US startups raised $209B in 2024, up ~33% from 2023; AI startups raised $97B, the largest portion on record; VCs raised $76.1B, the lowest since 2019 (Sarah McBride/Bloomberg)

Sarah McBride / Bloomberg : PitchBook: US startups raised $209B in 2024, up ~33% from 2023; AI startups raised $97B, the largest portion ...