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Neo banks

https://www.ft.com/content/dc80b04d-1279-4883-b78b-77deaa4e3e2f

Revolut and Wise have become quite profitable in 2023, in no small part thanks to higher interest rates.

Comments

  • Zanderman
    Zanderman Posts: 4,790 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    FT is behind a paywall so, with moneysaving in mind, could you tell us more about the article says? Thanks!
  • lon_don
    lon_don Posts: 97 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    It's Alphaville. You just need to register for free, and log in, then the article is readable.
  • Nasqueron
    Nasqueron Posts: 10,006 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Zanderman said:
    FT is behind a paywall so, with moneysaving in mind, could you tell us more about the article says? Thanks!
    The 10 foot ladder site allows you to bypass paywalls, same as internet archive

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Shakin_Steve
    Shakin_Steve Posts: 2,783 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 26 January at 2:41PM
    Nasqueron said:
    Zanderman said:
    FT is behind a paywall so, with moneysaving in mind, could you tell us more about the article says? Thanks!
    The 10 foot ladder site allows you to bypass paywalls, same as internet archive
    It's grown, it's a 12ft ladder now. It's been taken down by it's ISP, for now anyway.
    I came into this world with nothing and I've got most of it left.
  • Nasqueron
    Nasqueron Posts: 10,006 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 26 January at 2:46PM
    Nasqueron said:
    Zanderman said:
    FT is behind a paywall so, with moneysaving in mind, could you tell us more about the article says? Thanks!
    The 10 foot ladder site allows you to bypass paywalls, same as internet archive
    It's grown, it's a 12ft ladder now. It's been taken down by it's ISP, for now anyway.
    Fair do, https://12ft.io/ is still up though albeit this FT article is still paywall so maybe they bypassed it

    https://archive.ph/ works for it though

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • lon_don
    lon_don Posts: 97 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    edited 26 January at 2:59PM
    FT Alphaville is free of access, has always been free. I'm no FT subscriber, and rarely really read the truly paywalled content.
  • eskbanker
    eskbanker Posts: 34,025 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    FT paywall can be circumvented by Googling the article title (visible in the main link in OP, "UK neobanks need to show sterling qualities, not just fintech growth" in this case), and following the link returned by the search.
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