to help users calculate how much their stimulus payment will be, along with regular coronavirus updates — these efforts to help customers in their time of need likely also created goodwill toward the fintech.
. The fintech is in an enviable position with its 4.5 million users and $1 billion in assets under management, as customer acquisition costs are often a hurdle to the growth of fintechs. What's more, Stash does not offer any free services — monthly subscription fees range from $1 to $9 — so it already monetizes users and is likely on a path to sustainable growth, which is all the more important during the economic uncertainty caused by the coronavirus pandemic as investors are seemingly Want to read more stories like this one? Here's how to get access:
Business Insider Intelligence analyzes the fintech industry and provides in-depth analyst reports, proprietary forecasts, customizable charts, and more. >>
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zoom quietly edited blog post about 300 million users - Business InsiderZoom quietly retracted a claim that it had 300 million daily active users, and it spotlights a huge area of confusion about its business another chinese fraud company
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dispensed Business Insider's weekly healthcare newsletter May 1 - Business InsiderWelcome to Dispensed, BI's weekly healthcare newsletter. This week, the TLDR on remdesivir, a promising experimental coronavirus treatment.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla turns a surprise profit despite coronavirus factory shutdowns - Business InsiderShares of Elon Musk's electric automaker spiked as much as 8% following the earnings that easily topped Wall Street expectations. This should become the stock photo for elonmusk from now on. This is what happens when you are not bogged down by Union labor costs and blood-sucking auto dealers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Airbnb's valuation slashed by Principal, Hartford Funds - Business InsiderAirbnb's business has been significantly impacted by the pandemic, and several mutual fund managers believe it has hurt the unicorn's valuation.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Paid Instagram posts from influencers fall during coronavirus pandemic - Business InsiderBranded content has fallen from representing 35% of influencer posts in mid-February to 4% in mid-April, according to a new report from Launchmetrics.
Source: BusinessInsider - 🏆 729. / 51 Read more »
RBS Q1 earnings: Profits fall by 59 percent, bank sees further losses - Business InsiderRBS said it expects to take a hit of about $1 billion to stem potential losses from the coronavirus pandemic, as its first quarter profits fell 59%.
Source: BusinessInsider - 🏆 729. / 51 Read more »