Meow Pivots to Offer Bank Accounts and Loans After Crypto Collapse, Gains $500M in Assets
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Meow pivoted from a crypto yield platform to a fintech offering Treasuries and high-yield savings when crypto collapsed in 2022.
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It has over $1 billion in assets after gaining $500M when Silicon Valley Bank failed.
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Meow now offers checking accounts, mortgages, and venture debt along with Treasuries.
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It has 15 employees and brings in $1M in monthly revenue from small fees and spreads.
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Competitors include Mercury and Brex but Meow thinks the market is large enough for multiple players.