All articles tagged with #digital bank
Originally Published 20 days ago — by Axios
Erebor, a digital bank co-founded by Palmer Luckey, has raised $350 million at a $4.35 billion valuation, received regulatory approvals, and is expected to launch next year, highlighting strong investor interest in innovative banking startups.
Originally Published 6 months ago — by Business Insider
Palmer Luckey's new digital banking startup Erebor, aimed at startups and crypto companies, is raising at least $225 million at a $2 billion valuation, backed by Founders Fund and 8VC, and has applied for a US bank charter to offer crypto-collateralized lending services.
Originally Published 2 years ago — by Business Insider
Elon Musk expressed his desire for X, the platform he took over a year ago, to include dating app features during an all-hands meeting. Musk's vision for X is to create an "everything app" that requires payment for various services, including dating. He also mentioned plans for X to become a digital bank by next year. However, details on how X would function as a dating app were not provided. Musk's push for payment features aligns with his goal of turning X into a comprehensive platform like WeChat. Despite Musk's enthusiasm, some employees remain skeptical about X's future and have raised concerns about the company's financial state and lack of transparency.
Originally Published 2 years ago — by CNBC
Revolut's Chief Financial Officer, Mikko Salovaara, is leaving the digital bank after two years, citing personal reasons. Salovaara resigned and has not been fired, and his decision was unrelated to concerns flagged by auditor BDO about the company's financial accounts.