The Plaid Business Model – How Does Plaid Make Money?

Executive Summary: Plaid is a financial technology company that offers an API, allowing other companies to connect to their customer’s bank account (as well as other financial institutions). Plaid makes money by charging a variety of fees for connecting and using its service. The company operates on a freemium business model. Founded in 2012, Plaid … Read more

The Shpock Business Model – How Does Shpock Make Money?

Executive Summary: Shpock is an online marketplace that enables people to buy and sell almost any item. The platform can be accessed via Shpock’s website or mobile apps. Shpock makes money from subscription fees, selling advertising space on its platform, as well as referral fees. Launched in 2012, Shpock has become one of the leading … Read more

The Ripple Business Model – How Does Ripple Make Money?

Executive Summary: Ripple is a developer of software for settling payments online as well as the creator of the cryptocurrency XRP. Ripple makes money by selling XRP, payment fees, profits from investments, as well as interest fees on loans. Ripple, founded in 2012, has risen to become one of the most prominent blockchain and cryptocurrency … Read more

The Binance Business Model – How Does Binance Make Money?

Executive Summary: Binance is an exchange that allows users to buy and sell cryptocurrencies and other digital assets. It offers a variety of other products and services, such as an online education platform, cloud solutions, or collective crypto mining amongst others. Binance makes money from trading fees, interest on loans, spreads, fees from its broker … Read more

The BlockFi Business Model – How Does BlockFi Make Money?

Executive Summary: BlockFi is a financial services company that offers a variety of products and services, such as loans or commission-free trading, to retail and institutional investors. BlockFi makes money via interest fees, withdrawal fees, spreads, sponsorship fees, crypto mining, as well as premiums collected from investments into other trusts. Founded in 2017, BlockFi has … Read more

The Quora Business Model – How Does Quora Make Money?

Executive Summary: Quora is an online platform that enables users to ask as well as answer questions about thousands of topics. Quora makes money via text and image advertising. Advertisers can bid based on a cost per click, cost per thousand impressions, as well as conversion basis. Founded in 2009, Quora has grown to become … Read more