Ask HN: Are there any startups disrupting business banking?

Posted by cbzink000 on Friday July 24, 2015 @04:57PM
from the ask-hn dept.

Ally and Simple are doing a great job in the consumer space, but is there anyone working on business banking?

We have used both national and local banks and it's nothing but a struggle. Fees to receive money, fees to move money, fees to send money. There's a fee for just about everything, and almost nothing works as it should.

( 4 comments | 6 points | on HN )

Re:Ask HN: Are there any startups disrupting business banking? by burritofanatic on Friday July 24, 2015 @11:23PM (#9946424)

Actually, yes: http://dealbook.nytimes.com/2014/12/13/small-bank-in-kansas-...

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Re:Ask HN: Are there any startups disrupting business banking? by tmaly on Saturday July 25, 2015 @08:23AM (#9947377)

I was going to suggest this one. But outside of that, there are so many regulatory barriers that it tends to keep competition out.

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Re:Ask HN: Are there any startups disrupting business banking? by tixocloud on Monday July 27, 2015 @01:44PM (#9956751)

Was there a particular process you're thinking of? Business banking in general is huge - I'm only aware of startups who tackle a small subset of the service (i.e. payments, loans, etc.)

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Re:Ask HN: Are there any startups disrupting business banking? by jurymatic on Friday July 24, 2015 @08:48PM (#9946106)

Credit unions + Transferwise

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