Alex Payne is leaving Twitter to co-found a… bank:
Imagine, for a moment, a bank that doesn’t suck.
A bank that doesn’t gouge you with fees.
A bank that doesn’t treat you like crap.
A bank that cares about design, but gets out of your way.
A bank that puts your money to work automatically.
A bank that’s building a platform for the future of personal finance.
This is many times more exciting than most projects we see. This is a guy who’s leaving a great job at a company growing really fast to help start something most people would never want to work for–a bank–and do it in a new way. Something that we deal with all of the time, and hate it, but that we all just assumed was the way it was. Banks suck.
I’d love to use a bank run by guys I respect and know have the best of intentions. If the basics are there–a large enough network to make withdrawals being the main issue–then I’m going to switch immediately.
Cheers to Alex for doing something hard that can make all of our lives a little better.