Neben Evolve behandelt @mikulaja’s Fintech Biz Weekly die finanziellen Probleme von Varo aus den Q3-Anrufberichten, die die FDIC am Freitag veröffentlicht hat.
Evolve Q3 loses grow to $5.3 million on falling BaaS rev, growing legal & consulting expenses.
As one source quipped, at the rate Evolve is spending on lawyers & consultants, it’d probably have been cheaper to just cover the shortfall 😂