Fintech Insider Podcast by 11:FS
808. News: JP Morgan eye growth in Abu Dhabi and Check tackle payroll fraud
Dec 4, 2023
Andrew Brown, CEO & Co-Founder at Check, Stew Cofer, Head of EMEA Payment Specialists & Embedded Finance at J. P. Morgan, and Nicole Casperson, Founder & Author at Fintech Is Femme, join the podcast. They discuss Check's new tools for payroll businesses, J.P. Morgan's plans for expansion in Abu Dhabi, Australian banks' new scam protection measures, Kroo Bank's successful crowdfunding, ekko and Tusk's African conservation projects, and the impact of BNPL on Cyber Monday spending.
01:08:54
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Quick takeaways
- Crowdfunding offers a viable funding method for fintech startups, providing access to capital and a supportive investor community.
- Crew Bank differentiates itself by offering innovative digital banking services that prioritize customer needs and convenience.
Deep dives
Crew Bank Surpasses Crowdfunding Target
Crew Bank, a UK-based digital bank, has raised over £2 million in a round of crowdfunding. The campaign saw contributions from over 2,700 investors across 45 countries, with an average investment of £740. This exceeded their initial target by 200%. Crew Bank, which holds a full UK banking license, has raised a total of £72 million in funding so far. With 145,000 customers, they currently have £800 million in current account deposits. The success of Crew Bank's crowdfunding campaign highlights the interest and support from a global investor base in their innovative digital banking offerings.
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