The short answer is because of a combination of what the "Immigrant Mindset" combined with the foundational tenets of the U.S. which are democracy, freedom and capitalism.
FREO - India s first credit-led Neobank is here ANI | Updated: Jun 09, 2021 17:28 IST
New Delhi [India], June 9 (ANI/BusinessWire India): FREO is a first of its kind, credit-led Neobank in India that is designed to serve the banking needs of millennials in India and Southeast Asia.
For many of its offerings, the company has partnered with banks to bring new solutions to its customers.
FREO s vision is to bring consumers freedom from non-digital financial services and provide simple, intuitive, and smart ways for people to access credit and manage money with ease on their phones.
Through this credit-led Neobank, consumers will have access to financial products such as a credit line, credit cards, EMI cards, deposits & savings, buy-now-pay-later, and other financial utilities, in order to help build their credit profiles, borrow flexibly, save easily, and spend smartly.
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Akufo-Addo
One of the noticeable gains of the advent of the internet was the concomitant liberalization of the media. The media has been largely democratized and anyone with a smart phone and internet access can now pass as a journalist.
A trend in the new media is the invasion of the space and the creation of media empires by non-journalists. Facebook, the world’s largest social media group has Mark Zuckerberg as one of the Co-Founders and CEO with a tech rather than a media background. The same goes for Google with Larry Page and Sergin Brin.
Twitter made its debut on March 21, 2006 with Jack Dorsey, Biz Stone, Evan Williams and Noah Glass as co-founders. Dorsey has been its CEO since 2015 and the micro blogging site has grown from no user to about 330 million active users as of 2020. Its net income as at last year was in excess of one billion US dollars and its total assets are in excess of 13 billion dollars.