Dawn of purpose

It was the best of times — then suddenly, it was the worst.
Nothing quite like a global pandemic to recast the lives of
billions. Yet the money wheel of the financial services industry
keeps turning. Q1 2020 saw $10.6 billion of venture funding,
according to FT Partners. Megadeals continue, including a Series
F round of $280 million for Robinhood and $112 million for Stash.


All around the world, financial institutions — incumbents and
startups alike — are making provisions to mitigate the economic
impact of COVID-19. Perhaps it should come as no surprise that
five months after launch, RBS decided to pull the plug on its new
digital bank, Bó, once touted as a response to challenger banks
Monzo, Revolut, and Starling. Building a greenfield digital bank
is never easy — especially given current economic
conditions. 


With so much going on in financial services today — amid a
pandemic no less — it seems like it might take all four hosts
this week to sort it out. Listen to our latest episode of One
Vision when Efi, Arun, Bradley, and Theo are reunited - for the
first time in the show’s history.


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