WOW! 🚨 Nubank just got OCC conditional approval for a US bank charter. Huge for the US market — Monzo tried. Failed. Is trying again. Bunq waited 301 days. Withdrew. Now trying again. N26 abandoned the US entirely. Revolut still doesn't have one. Nubank applied September 30. Approved January 29. 121 days. — The difference? They showed up profitable. $4.2B quarterly revenue. 31% ROE. $783M net income last quarter. 127 million customers. $0.90 cost to serve per month. Traditional banks spend $5+. — ...