If you are a startup, that has zero revenue, this short video is a must watch. You are termed in the industry as “Zero-to-One” a company that is going to go from $0 revenue to $1 (pre-revenue to post-revenue). There is a wide difference between the two and why banks prefer “One” rather than “Zero” […]
De-risking is a huge issue for MSBs and MTOs. Banks have been closing accounts, left, right and center, ridding themselves of all MSB / MTO related clients. I’ve written extensively on this: Can’t find MSB Friendly Banks? Go ahead, scream. No one is listening. The Sandstorm that is blanketing the operations of money transfer companies.
The sad state of affairs in the pursuit of access to banking for MSBs / MTOs Earlier I wrote an article (The Sandstorm that is blanketing the operations of money transfer companies) on how difficult it was to get access to banking if one were an Money Services Business (MSB) or a Money Transfer Operator […]