Good job to raise funds in these difficult times! I hope they invest it in more deals like Marqueta and Emersion. The billing and payments part of the business has actual revenue growth.
The bank is just a big dream with zero customers yet. Why are so many people here so excited about the banking license? It's not a license to print money! Banking is a low margin business that requires lots of customers and I haven't seen any website or community forum yet. Other successful neo banks like Xinja or Revolut had thousands of customers on their waiting lists before they even got their license (Revolut still has no Australian banking license). I'm expecting the bank to chew through a lot more cash before they'll start generating any revenue...
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