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60 sats \ 4 replies \ @Undisciplined 12 Aug \ on: Fold (FLD) had a tremendous Q2 earnings call adds 10k new customer accounts Stacker_Stocks
I'm eager to cancel my current card in favor of Fold's.
I assumed they would still work with Visa for the card. Wasn't the issue something else?
Prefer Gemini, to stack more sats. Fold was WAY better in the past. They had % back now it’s way lower
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Yeah they had a deal with another issuer that fell through.
I could be wrong but Visa is the network the card issuers use to facilitate payments. So the issuer (usually a bank) is the one extending the credit to the customer Visa’s network just captures the fee.
American Express is unique because they own the network and issue the credit to their customers.
On the call the CEO Will mentioned they have a well documented issuer willing to do the deal with fold. A part of me is hoping it is AMEX but I doubt it.
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Ok, that sounds right.
It's small potatoes, but did they say anything about buying Lolli?
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Nah from what I understand the co founder of fold has another business that acquired Lolli. It’s not 100% clear to me if that co founder of fold is running that business in parallel to fold or as a subsidiary
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