Startups And The Un-Banking Of America

TechCrunch

Editor’s note: Rebecca Lynn is a general partner at Canvas Venture Fund, an early-stage venture capital firm. She has led investments in Lending Club in 2009, Check in 2011 and FutureAdvisor in 2014 and sits on the boards of Lending Club, Check, FutureAdvisor, Doximity, Convo, HealthLoop and Socrata. She also led the Series A investment in Practice Fusion.    

Historically, when looking for opportunity in the financial industry where technology can have the greatest impact — for investors and entrepreneurs — the best place to start has been with one of our oldest institutions: banks. However, while critical to our economy, banks are generally inefficient, have high fixed costs and don’t exactly elicit happy thoughts from the average consumer. It’s for these reasons, among others, that the biggest opportunities in the financial world revolve around the disintermediation of these banks and core financial services.

Given this backdrop, it’s not…

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