17 June 2024

Sources: Wells Fargo's credit card with fintech startup Bilt, which gets points on rent payments and saw 1M+ signups in 18 months, costs the bank up to $10M/mo. (Wall Street Journal)

Wall Street Journal:
Sources: Wells Fargo's credit card with fintech startup Bilt, which gets points on rent payments and saw 1M+ signups in 18 months, costs the bank up to $10M/mo.  —  Bank is renegotiating deal with startup after incorrectly forecasting key revenue drivers  —  When Charlie Scharf took …

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