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American Banker sits down with Brendan Dickinson, partner at Canaan Partners, to discuss the future of online lending (consolidation likely) and the struggle for VCs to get comfortable with the unit economics of next gen personal finance management tools despite their obvious usefulness for consumers.
So, we are actively looking at that space, but are struggling with the economics of it. But again, a digital aggregator will be valuable if they are able to build that core relationship with consumers. Credit Karma may have won the race, but I’m not sure. Any other areas of interest? Infrastructure in financial services. At the bare minimum, the next generation of platforms is going to be built on top of APIs. The types of things banks will need as they start to look at building their robo-advisers or their personal financial management tools.
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