Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Digital Banks Face an Uphill Climb to Make Money
ShareTweet
Home
Europe
Digital Banks Face an Uphill Climb to Make Money

Digital Banks Face an Uphill Climb to Make Money

Todd Anderson·
EuropeFintechNews Roundup
·Nov. 30, 2017·1 min read

Writing a guest post on FT Alphaville Victor Basta, the managing director of Magister Advisors talks bout the struggle digital banks face in making a profit; digital banks have certainly made a name for themselves and offer a better product to the consumer; rising customer acquisition costs and the tough scaling of affiliate agreements are just two of the reasons these banking startups will find it a challenge to reach profitability; the future looks like potential acquisition of digital banks for technology or merging with other fintechs to form a stronger conglomerate. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

    View all posts
Tags
digital bankslisMagister Advisors
Related
man looking at laptop and phone

Grasshopper bank enlists MANTL for streamlined deposit experience

More News for July 29, 2020

Where UK Digital Banking Founders Got Their Start

Square Is On a Roll Despite the Crisis

Popular Posts

Today:

  • Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What?Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What? May. 28, 2026
  • KanyiThe World According to Kanyi Maqubela Jul. 8, 2025
  • FNWhy Your Loan Portfolio Models Are Lying to You (And What to Do About It) Nov. 4, 2025
  • FN2From MiCA to GENIUS: Standard Chartered’s Jennifer Lassiter on Building Global Crypto Rules Dec. 11, 2025
  • Matt Brown“No Bad Ideas, Just Bad Timing” — Matrix Partner Matt Brown on Fintech’s Next Decade of Runway Jun. 11, 2026
  • fundedFunded: Paige raises $2.5M to bring legacy planning into the fintech stack Jun. 5, 2026
  • FNInside Parafin’s Push to Close Small Business Finance’s $2 Trillion Gap Jun. 4, 2026
  • Email-AI-pieceAvatar CEOs Have Entered the Meeting Jun. 18, 2025
  • Copy of Fintech Nexus – Newsletter CreativeWhy PDF Table Extraction Fails in Production—and What Banks Need to Do About It Feb. 5, 2026
  • 2026 FintechWhat does 2026 hold for Fintech?  Jan. 29, 2026

This month:

  • FNInside Parafin’s Push to Close Small Business Finance’s $2 Trillion Gap Jun. 4, 2026
  • Matt Brown“No Bad Ideas, Just Bad Timing” — Matrix Partner Matt Brown on Fintech’s Next Decade of Runway Jun. 11, 2026
  • FNMerge CEO on building the pipes behind AI, and starting with zero code May. 21, 2026
  • Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What?Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What? May. 28, 2026
  • Chris Taylor Fractional AIFractional AI’s CEO Chris Taylor on Scaling the Unscalable Jul. 23, 2025
  • Stephanie Sher, Founder, Integral VenturesIntegral Ventures’ Stephanie Sher is all about seeing diamonds in the rough May. 14, 2026
  • FNThe Bank Charter Gold Rush: What’s Really Happening and What it Means for Banking Feb. 12, 2026
  • MomentFunded: Moment raises $36M Series B to automate fixed income for financial institutions Jul. 18, 2025
  • Santiago SuarezInside Addi’s mission to build a fairer financial system in Colombia Feb. 19, 2026
  • What is Really Going on With Private CreditWhat is Really Going on With Private Credit Apr. 30, 2026

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results