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Stripe’s first employee, the founder of fintech Increase, sort of bought a bank! Increase acquired a stake in a community bank, offering deeper financial infrastructure access.
Banking Innovation
This move signals evolving fintech strategies. It’s not a full acquisition, but a smart partnership. Stripe’s first employee, the founder of fintech Increase, sort of bought a bank to boost payment processing capabilities.
Actionable Insight
Consider strategic partnerships with traditional financial institutions to accelerate fintech growth. Stripe’s first employee, the founder of fintech Increase, sort of bought a bank, proving collaborative models can unlock significant value.
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