I’ve been an early adopter my entire life. From being the first on my block to have the new Atari, Intellivision, or Apple IIc (dating myself!) to getting the “brick” cell phone and eventually trading my Blackberry in for the 1st iPhone. Technology excites me and I suppose the sci-fi geek in me loves to see the next predicted evolution towards the “future”.
– Chad Butler, President
Remember stopping to ask for directions or dropping off film to be developed and hoping pictures turned out ok? Remember wondering what your old friend from college is up to these days or how much something costs?
Very soon I’ll be asking, “Do you remember going to a bank? Do you remember why you went?”
Modern Technology Meets Secure Banking
As traditional banks attempt to force their branch-based square peg formula into the increasingly fluid shape of the mobile landscape, they are quickly finding they simply can’t keep up. Fintech challengers can build a mobile banking solution without any of the legacy banking constraints designed for the convenience and empowerment of their customers (what a concept!). These virtual “challenger” banking services have exploded in popularity overseas not only outpacing traditional banks with new customers but now holding more assets and managing more transactions than the legacy banks in just a few short years. Privately held Alibaba affiliate fintech Ant Financial is now arguably the largest financial institution in the world based on an implied valuation of $200 billion dollars from secondary market trades in 2019. London based Revolut grew from 1.5 million customers in Feb 2018 to 3 million in Nov 2018 then to an astounding 8 million in Sept 2019.
Now many of us are getting used to sending money immediately with our phones, automatically investing from our direct deposit paychecks or even tapping our card or phone to a merchant terminal for a quick and secure payment transaction. New fintech companies like Venmo, Zelle, Chime, Sofi, and Robinhood are taking the US by storm with their unicorn growth and common-sense mobile solutions while Apple and Google continue to try and take over the world with their branded solutions.
As new technology is introduced and existing technology gets properly packaged for adoption, more and more mobile banking options will be introduced, and more and more specialized solutions will be available to the unique demands and desires of each of us.
Mobile Banking Made Even Easier
I like control! I like to have immediate and customizable access to my money and how it is managed. I like to feel secure that my money is safe and that I can lock it down, invest it, or spend it as I see fit. I like to know how others are making their money grow. I like convenient contactless transactions. Plus I would really like to have an easy way to pay anyone I owe without having to worry about if they accept Venmo, Paypal, Zelle, Bitcoin, cash, check, magic beans, etc.
If you like these things as well, I think you’ll like Marygold & Co. We set out to enrich the financial lives of our customers and their families bringing modern technology and common-sense customizable control of your money to our modern banking platform. No fees, no minimums, and no limits! Setup custom “money pool” savings accounts for things like emergencies, vacations, mountain bikes, down payments, etc. Earn interest on all your money and get paid up to 2 days early with a direct deposit. Pay anyone in the US with just their email or mobile phone number. Make secure contactless payments with your Marygold & Co. Mastercard debit card, mobile phone, or even an associated bracelet or key fob!
Like the sound of that? Join our waitlist now and be one of our early adopters!
PS – there will be gifts and incentives only offered to our waitlist subscribers.
