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brainsrgdropout

Re:Azlo Is Closing Down on Thursday January 07, 2021 @08:52PM (#25680419)
I guess we trade upfront convenience/less friction for potential catastrophic collapse on the back end. Depending on your biz it may or may not be worth it although most new founders have few brick and mortar options.
Re:Azlo Is Closing Down on Thursday January 07, 2021 @08:49PM (#25680395)
Of the internet-only flavor, I only have experience with Axos, Azlo, and Brex... Huh, four letter banks.

Axos was super slow with set up such that half way through the process I applied to Azlo and got approved in a couple days and went with them instead. Bye.

Brex I used with my first startup beginning in 2018 (having migrated from SVB) and I loved it. There used to be a higher bar for getting an account but looks like they got rid of the $10K minimum. The rewards were pretty good and dunno if they still have it open bc pandemic but the Brex Oval Room (members only club) in South Park was a dope place to work and hang.

Based on prior experience, I'm leaning towards giving Brex a go again unless one of you can convince me otherwise.

Re:Azlo Is Closing Down on Thursday January 07, 2021 @03:44PM (#25677193)
Looks interesting. Like that it is based in RWC. THX!
Re:Azlo Is Closing Down on Thursday January 07, 2021 @03:41PM (#25677151)
Yes, I'll wait to hear as well, but otherwise plan to move to Brex. Had a great experience with them in my first startup.

Azlo Is Closing Down

Just got the e-mail below. Odd decision given the massive pandemic growth and recent launch of Azlo Pro.Who has suggestions for migration? THXIt is with regret that I share this news today: Our parent bank, BBVA US, has made the strategic decision to close Azlo. Transparency is incredibly important to me and the Azlo team, which is why we are sharing the news early. There will be no immediate...

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