Coatue direct deposits $20M into Pinwheel, a payroll API for neobanks – TechCrunch
One of the most strategically important financial relationships for neobanks is becoming the account destination for a user’s paycheck. If you’re a bank and you own that specific relationship, users will increasingly use that account for everything from daily spending to saving (after all, that’s where their money is going). That activity in turn leads […]
Source: techcrunch.com