Startup’s Plan to Remake Banks and Replace Credit Cards Just Might Work


“I don’t know if I want to own a bank. But I do want to lend money in a transparent way, and I want to create an institution people love,” says Max Levchin, between sips of coffee on a Friday morning at a New York City cafe. “I want to be the community bank equivalent for the 21st century, where people say: ‘I trust my banker. He’s a good guy who’s looking out for me.’”

The story is too old to be commented.