How Does Betterment Make Money? Dissecting Its Business Model

Betterment Business Model

Executive Summary: Betterment is a financial services company that offers investment, retirement, and cash management products to retail investors as well as companies. Betterment makes money via its Digital and Premium plans, receiving compensation from partner banks, fees on debit card transactions, referral fees by promoting insurance packages, as well as through Betterment for Business … Read more

How Does Venmo Make Money? Dissecting Its Business Model

Executive Summary: Venmo is a digital wallet that lets users transfer money between each other. Members can, furthermore, pay at selected merchants, either online (using the Pay With Venmo feature) or via the company’s debit card. Venmo makes money via merchant fees, Instant Transfers fees, interchange and withdrawal fees, spreads and fees on cryptocurrency transactions, … Read more

How Does Chime Make Money? Dissecting Its Business Model

Chime Business Model

Executive Summary: Chime is an American-based neobank that offers various financial products through its mobile applications. As a digitally enabled platform, Chime does not operate any physical branches. The app comes with a physical Visa debit card. Chime makes money by charging so-called interchange fees for every transaction conducted with the card, interest earned on … Read more

The Brex Business Model – How Does Brex Work & Make Money?

Brex Business Model

Executive Summary: Brex is a financial technology company that primarily offers a corporate credit card to early-stage companies. Furthermore, business owners can also create a bank account (called Brex Cash) and utilize the company’s various expense management tools for their business. Brex makes money through a monthly account subscription, interchange fees, referral fees from cashback … Read more

The Stripe Business Model – How Does Stripe Make Money?

Stripe Business Model

Executive Summary: Stripe is a SaaS company developing various products that allow businesses to accept and make payments over the Internet. The company’s full-stack offering ranges from backend cloud infrastructures over a customizable payments platform up to dedicated applications for tasks such as billing or reporting. The business model of Stripe is based on charging … Read more