Bummer. This was the one startup I've seen over the last few years on HN that I was actively rooting for.
Blame the Fed, I guess? De novo charters aren't being handed out anymore apparently, so you either have to acquire a charter, or be acquired. It's a pity VCs don't have the gumption to play the game, so Standard Treasury ended up going with the latter route.
Blame the Fed, I guess? De novo charters aren't being handed out anymore apparently, so you either have to acquire a charter, or be acquired. It's a pity VCs don't have the gumption to play the game, so Standard Treasury ended up going with the latter route.