StartupsPYMNTSabout 12 hours ago
As Credit Tightens, FinTechs Look to Deposits for Growth
4 min read
FinTechs including SoFi, Nubank, LendingClub, Revolut, Varo, and Klarna are using high-yield savings accounts to attract deposits as a cheaper, more stable funding source for lending. The strategy reduces reliance on wholesale financing but risks margin pressure from above-market yields and less loyal rate-chasing depositors.
Level
Hype check
Tap to vote and see what everyone thinks.
