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@df
anyone know the LTV for a typical ebank like revolut? Gotta be in the thousands, no?
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Tudor šŸŸ£šŸŸ” pfp
Tudor šŸŸ£šŸŸ”
@tudorizer
varies quite a bit. Some neobanks count in 1, 3 and 5 years, because customer switch banks once in a while (at least in the UK). Their LTV is estimated to be lower than traditional banks. I have seen values randing from 15/year to a few hundred throught the entire customer cycle. Sources: early investor in Monzo, Ziglu and Baanx
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@df
interesting, thanks for sharing! I expected it to be more. Iā€™m seeing more and more upselling of investment products in these apps + high interest rates (inbuilt bond products)
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