Rebank: Fintech Analysis
232 episodes - English - Latest episode: 2 months ago - ★★★★★ - 50 ratingsFinancial innovation, technology advances and social changes are sending shockwaves through the financial services industry.
In an age of increasingly rapid change, important questions, debates and developments are unfolding before our eyes. These ideas, and the choices we make in response to them, will shape our future.
Technology is vastly powerful, creating new industries in response to – or sometimes in anticipation of – changing customer expectations.
Rebank explores the trends, developments and challenges that define our age and shape the future role of money, banking and financial services.
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Episodes
A Differentiated Approach to Venture Investing with Deciens
February 20, 2024 14:27 - 28 minutes - 25.8 MBDan Kimerling is Founder and Managing Partner at Deciens, an early-stage fintech VC and investor in Chipper Cash, Treasury Prime and many others. Prior to starting Deciens, Dan co-founded Standard Treasury and served as its CEO until its acquisition by Silicon Valley Bank. Standard Treasury was one of the earliest players in what has evolved to become the Banking-as-a-Service space. The company was backed by YCombinator, Andreessen Horowitz, and Index Ventures. After the acquisition, Dan b...
Fintech Opportunties in the Current Macro Context with Amias Gerety
February 13, 2024 21:02 - 45 minutes - 41.7 MBAmias Gerety is a partner at QED with a specific focus on infrastructure, insurtech and payments. Prior to QED, Amias served as the President’s nominee and as Acting Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. In that role, he was the lead advisor to the Secretary on policies affecting financial institutions, fighting to restore order during the global financial crisis and impacting policy in the years that followed. Amias is a recipient of the Al...
Building a Distributed Backend for the Global Banking System with Luca Prosperi
May 22, 2023 14:14 - 38 minutes - 30.9 MBLuca Prosperi is the co-founder and CEO of M^ZERO LABS_, a team building a new backend for the banking system. Luca is a deep thinking analyst, economist and builder, with a background in institutional finance, alternative and credit investments and more recently DeFi lending and governance. Luca publishes analysis on Dirt Roads, a must read for anyone thinking about the construct and evolution of money and associated topics. M^ZERO sprang into life recently with the announcement of a $2...
How to Differentiate in Early-Stage Fintech VC with Sheel Mohnot
March 10, 2023 06:52 - 27 minutes - 22 MBSheel Mohnot is Co-Founder and General Partner at Better Tomorrow Ventures, an early-stage fintech VC currently investing out of its $225m second fund. Sheel is a former founder, having built a tech-first card processor way back in 2010 which was quickly acquired by Groupon. Since 2014, Sheel has been angel investing and, as of 2016, investing full-time. Sheel is an incredible Twitter follow and constant source of information, insight and entertainment. In this conver...
What VCs and Founders Get Wrong About the Credit Business
March 03, 2023 07:18 - 36 minutes - 29.4 MBMatt Harris is an entrepreneur and investor and the founder of Bloom Credit, an API platform for credit data access and analysis. Currently, Matt is focused on investing and advising, working with VC-backed founders and advising companies in the credit space. Among other things, Matt is an advisor to Commerce Ventures, writing scout checks and helping the fund make fintech investments. Matt is also an active angel, having invested in 10+ fintech companies including TrueAccord, ...
Rebuilding Checking & Cash Management with Jiko
February 24, 2023 02:46 - 32 minutes - 25.9 MBStephane Lintner is Co-Founder & CEO of Jiko, a new take on the money storage and transaction layer in banking, a.k.a. checking accounts and cash management. Jiko was founded in 2016 with the mission of providing consumers and businesses with direct access to spendable T-Bills, combining all the benefits of checking accounts with the safety and, depending on the economic cycle, yield of treasuries. Jiko has raised $89m according to Crunchbase, including $40m in October. Jiko off...
Payments, Credit and Vertical SaaS with Matt Brown of Matrix Partners
February 17, 2023 20:22 - 45 minutes - 36.1 MBMatt Brown is a venture capitalist and Partner at Matrix Partners. Matt is a founder and operator turned investor, having started two software companies, both backed by Matrix, and then led product for AfterPay in the US in the lead-up to its acquisition by Square, now Block. Matt’s second company, Bonsai, is a vertical SaaS company for micro businesses which evolved from a pure software company into a fintech through the incorporation of financial products, before embedded finan...
The Inner Workings of Banking-as-a-Service with Treasury Prime
February 09, 2023 05:00 - 33 minutes - 27.1 MBChris Dean is the co-founder & CEO of Treasury Prime, a leading US banking-as-a-service platform fresh off a $40m Series C raise. Treasury Prime is a software company that connects sponsor banks to customer facing fintechs and by doing so powers bank accounts, cards and money movement. Unlike others in the banking-as-a-service space, Treasury Prime describes itself as building a network of interoperable sponsor banks and customer-facing fintechs in a ground-up approach to Open Banking ...
Fintech & Crypto Seed Investing with Jared Franklin of Costanoa
February 02, 2023 13:59 - 37 minutes - 31.1 MBJared Franklin is an investor at Costanoa Ventures. Costanoa is a seed-stage VC focused on fintech, data and developer infrastructure, applied AI and security, specifically B2B. The firm has $1.5b under management across seed and growth funds, including its $225m fourth seed fund. Prior to joining Costanoa, Jared worked in product across fintech and crypto for BillMeLater, PayPal and BlockFi. In this conversation, Jared and I discuss his experience transitioning from ...
Examining the Embedded Finance Value Chain in a Moment of Market Dislocation
December 11, 2022 21:25 - 37 minutes - 30 MBI’m joined by fintech and web3 luminary Lex Sokolin, Head Economist at ConsenSys and author of the Fintech Blueprint, for a discussion about the embedded finance value chain. As listeners know, this is a topic of great interested to me, and I was happy to have the opportunity to dig into it with Lex in a conversation that we’re releasing through both of our platforms. In this conversation, Lex and I take stock of the BaaS and embedded finance space in a moment of market dislocati...
The BaaS Value Chain is Broken
November 13, 2022 22:24 - 13 minutes - 10.8 MBBanking-as-a-Service (BaaS) has been the subject of much excitement in fintech over the past few years, together with the related but more general concept of embedded finance. It powers companies like Chime, Robinhood and Coinbase and can include products like checking, savings, debit cards, credit cards, lending and more. In this episode, we read an essay analyzing the BaaS value chain, which we argue is not currently in equilibrium and predict will evolve. Read the article here: htt...
Raising a $20m VC Fund as a Solo GP with Rex Salisbury
August 26, 2022 18:22 - 33 minutes - 26.7 MBRex Salisbury is the Founder of Cambrian and GP of Cambrian Ventures. Rex is a key figure in the Fintech ecosystem, having started Cambrian as a product meetup in 2015 and ultimately growing it into a community of 15,000 newsletter subscribers, 5,000 meetup members, 1,300 founders and now an early-stage venture fund. Along the way, Rex spent two years at a16z as a partner on the Fintech team, backing companies including Deel and Tally, according to TechCrunch. Though only having just...
Competing to Win as an Emerging L1 Blockchain with NEAR
July 08, 2022 16:24 - 42 minutes - 31.6 MBMarieke Flament is CEO of the NEAR Foundation. NEAR is an emerging layer 1 blockchain specifically optimized for usability, along with speed and security. NEAR was founded in 2018 to improve on aspects of layer 1s then in existence. In its short history, NEAR has built an extremely strong institutional backing and vibrant developer community. NEAR has raised an impressive $530m+, according to Crunchbase, from an incredible list of investors including Tiger Global, FTX Ventures, Jump, A...
Seed Investing in a Bear Market with 186 Ventures
May 27, 2022 05:40 - 31 minutes - 25.3 MBGiuseppe Stuto is Managing Partner of 186 Ventures, a $37m seed fund launched in late-2021. 186 has made 10 investments since inception, following on from over two dozen angel investments Giuseppe and his partner Julian made over the past few years. Across angel and seed investments, Giuseppe and 186 have invested in UiPath, Chainalysis, Ponto and dozens more. Prior to starting 186 Ventures, Giuseppe founded Fam, a group video app that was acquired by DraftKings. In this conversa...
Purpose Driven Investing for Financial Return with Flourish Ventures
October 05, 2021 07:00 - 48 minutes - 36.7 MBIt’s great to be back after taking nearly a year off from regular content to build and launch BELLA. The break wasn’t really planned, but between launching the business, having a son and moving to LA all while dodging COVID, it was unavoidable. But just because we weren't publishing, doesn’t mean we weren’t going deep on fintech. The team and I built and launched BELLA in less than twelve months, and we’re aggressively scaling it now. In the background, I've continu...
The Origins of Digital Banking with Shamir Karkal
April 21, 2021 00:27 - 57 minutes - 46 MBToday, we’re joined by Shamir Karkal, co-founder of Simple, the first digital bank in the US, and now co-founder of Sila. Founded in 2009, Simple was the original digital bank, conceived and built to give people more control over their money. After a few successful years, Simple was acquired by BBVA for $117m, under whose ownership it operated until early-2021, when it was shut down. Simple was loved by its users and mourned following it’s closing, in what was a sad moment for fintech. ...
Dissecting the Free Stock Trading Industry with Freetrade
February 15, 2021 05:00 - 50 minutes - 40.7 MBToday, we’re joined by Viktor Nebehaj, Co-Founder of Freetrade, a free stock trading platform in the UK. Founded in 2016 and launched to the public in 2018, Freetrade has grown to over 500,000 users in just over two years in the UK alone. For the full backstory, check out our episode with Founder Adam Dodds from February 2019, available at bankingthefuture.com. In this conversation, Viktor takes us behind the scenes at Freetrade over the past few weeks, during the Reddit-fueled runups ...
Robinhood, Chime and the Emergence of a New American Finance
February 08, 2021 05:00 - 39 minutes - 31.9 MBWelcome to our much anticipated first episode of 2021, and what a start to the year it has been. Last week was a trainwreck as Gamestop, which was initially bid up by Redditers in an attempt to punish Wall Street, crashed back to earth when the very free brokerage platforms that purport to democratize investing for the 99% shut off trading in the most active stocks, benefitting hedge funds at the expense of retail investors. As wild as the events of the week were, they are merel...
How BELLA Is Reimagining Banking with Angelo D'Alessandro
December 20, 2020 01:44 - 35 minutes - 28.5 MBToday, is a special episode, of great personal importance to me. I have been learning and studying and training in fintech for years, both as a founder and through this podcast, where I’m able to have conversations with the most visionary and impactful founders, CEOs and VCs in the world of fintech. For the past year, I’ve been channeling all of this experience and insight into a new company, called BELLA, that is leading with digital banking in an effort to create positive change in the...
Challenging the Incumbent Banking Ethos with Aspiration
December 14, 2020 02:58 - 43 minutes - 35.2 MBAndrei Cherny is the Co-Founder and CEO of Aspiration, a socially conscious bank challenging the traditional banking industry ethos. Prior to founding Aspiration, Andrei worked as a speechwriter for Bill Clinton, authored books on public policy and war history, served as Assistant Arizona State Attorney General, held senior positions at the Harvard Kennedy School and the Center for American Progress, and more. In 2013, Andrei co-founded Aspiration, a socially conscious banking and invest...
Building a Diversified, Profitable Digital Bank with Starling
December 04, 2020 05:00 - 43 minutes - 35.1 MBToday, regular contributor Lex Sokolin and I are joined by Anne Boden, Founder and CEO of Starling Bank, one of the original wave of app-only digital banks in the UK. Starling has built a diversified bank and achieved profitability for the first time in October, a rarity for digital banks. Originally a retail-only offering, Starling has built out business banking and banking-as-a-service offerings and now serves a wide varied of customers. In this conversation, Anne, Lex and I discuss ...
Building a Diversified, Profitable Digital Bank with Starling
December 04, 2020 05:00 - 43 minutes - 35.1 MBToday, regular contributor Lex Sokolin and I are joined by Anne Boden, Founder and CEO of Starling Bank, one of the original wave of app-only digital banks in the UK. Starling has built a diversified bank and achieved profitability for the first time in October, a rarity for digital banks. Originally a retail-only offering, Starling has built out business banking and banking-as-a-service offerings and now serves a wide varied of customers. In this conversation, Anne, Lex and I discuss ...
Self-Funding an International Digital Bank with bunq
November 24, 2020 00:30 - 41 minutes - 33.5 MBAli Niknam is the founder and CEO of bunq, a fully licensed digital bank based in the Netherlands and available in 30 countries across Europe. Prior to starting buns, Ali founded TransIP, the largest domain name and web hosting provider of the Netherlands. Ali is the sole investor in bunq, having invested €80m in the company to date. As of July 2020, the bank had €650 million of user deposits. In this conversation, Ali and I discuss the economics of digital banking, the decisions bun...
Building the Digital Financial Infrastructure for Latin America with Ualá
October 26, 2020 05:00 - 38 minutes - 31 MBPierpaolo Barbieri is the Founder & CEO of Ualá, an Argentinian consumer fintech taking South America by storm. Founded just three years ago, Ualá has already amassed more than two million customers in its native Argentina and recently expnanded to nearby Mexico. Unlike consumer banking offerings in many developed markets, which compete with incumbent banks, Ualá’s main competitor is cash in markets in which as many as half of adults are unbanked. Ualá has raised just under $200 millio...
Understanding the SPAC Boom and What It Means for Founders
October 13, 2020 02:46 - 35 minutes - 23 MBRyan Gilbert is General Partner at Propel Venture Partners, a Bay Area venture capital firm backed by BBVA. He is also as of very recently CEO of Olympus Acquisition Corp, a $750 million SPAC that listed on the Nasdaq in August. In this conversation, we look at why SPACs are coming back in fashion, pros and cons of SPACs versus traditional fundraising and listing routes, Ryan’s plans for the future of Olympus and more. To subscribe to the Rebank newsletter, including insights, essays and...
Remote Seed Investing and Post-Pandemic Fintech Opportunities with Triple Point
October 05, 2020 05:00 - 32 minutes - 26.3 MBToday, Rebank co-host Aman Ghei is joined by Seb Wallace, an investor at Triple Point, an early stage UK venture capital firm that has invested in companies including LendInvest, Credit Kudos, CountingUp and many more. In this conversation, Aman and Seb discuss strategies for remote seed investing, the skew they’re observing in terms of how venture money is flowing, startup opportunities Seb sees in insurance and capital markets and more. To subscribe to the Rebank newsletter, including ...
Breaking Down Ant Group’s Proposed $200 Billion IPO with Max Friedrich and Lex Sokolin
September 23, 2020 12:19 - 48 minutes - 38.8 MBWe’re joined by a pair of fintech analysts, Max Friedrich of ARK Invest and Lex Sokolin of ConsenSys, to break down Ant Group’s highly anticipated IPO. Ant, a spinout from Alibaba and the parent of Alipay, one of China’s leading payments companies, filed papers to IPO in Shanghai and Hong Kong. In this conversation, Max, Lex and I break down Ant’s business, from the origins to today, discuss growth opportunities and potential headwinds and explore the multi-faceted relationships between ...
UBS & Credit Suisse Merger Talks, Klarna Now Worth $10 Billion and a Crypto Exchange Gets a US Banking Charter
September 18, 2020 05:00 - 33 minutes - 26.5 MBToday, we’re joined by Lex Sokolin to talk through a few interesting developments in the world of fintech. M&A is a continued trend in fintech, with the most recent candidates reported to be UBS and Credit Suisse, the latter of which is also in the news with a new digital bank. Will their effort somehow be different than the abortive attempts of their international peers, including JP Morgan Chase in the US and RBS in the UK? Klarna raised $650 million at a $10.6 billion valuation, makin...
Understanding Consumer Fintech in China with Linda Jiang and Yi Luo
September 14, 2020 05:00 - 42 minutes - 34.3 MBConsumer behavior in China has captivated the West for years, and behavior around fintech and payments is no different. Ant Group’s planned $200 billion upcoming IPO raises more questions than it answers in the minds of many in the West, who like me don't have direct experience with super apps and ubiquitous QR code based payments. We recorded a breakdown of Ant Group’s upcoming IPO last week with Max Friedrich and Lex Sokolin, which is under compliance review and will be released soon. ...
The $3.6 Trillion Embedded Finance Opportunity with Mike Massaro and Matt Harris
September 08, 2020 05:00 - 51 minutes - 39.9 MBMike Massaro is the CEO of Flywire, a payments technology company fresh off a $120m Series E led by Goldman Sachs. Matt Harris is a Partner at Bain Capital Ventures and one of the smartest fintech VCs on the planet. Both Mike and Matt have been on Rebank before, in episodes I highly recommend everyone check out. In this conversation, we dig into the embedded finance opportunity and Bain Capital Ventures’ prediction that we’re at the beginning of a platform shift that will be as big as th...
Breaking Down Revolut, Starling and Monzo’s Annual Results
August 14, 2020 02:34 - 40 minutes - 32.8 MBWe’re joined by Lex Sokolin to break down recently published annual reports from Revolut, Starling and Monzo, three of the leading European digital banks. There are some fascinating insights to be drawn from the documents, especially in the context of the broader global fintech market. This is rich subject matter, and we surely didn’t cover everything. You may even disagree with some of our analysis! Let us know. Please get in touch with thoughts, opinions and corrections. We’ll share ...
Building, Investing and Fundraising in a Crisis with Balderton
August 12, 2020 12:37 - 31 minutes - 23.4 MBRob Moffat is a partner at Balderton, a leading European VC, with investments including Revolut, Nutmeg, Wagestream, Zego, GoCardless, ComplyAdvantage and many more. In this conversation, Rob and Rebank co-host Aman Ghei discuss the state of the venture market, fundraising during a crisis, the most interesting new business opportunities in fintech and much more. To subscribe to the Rebank newsletter, including insights, essays and written transcripts of all new episodes, please visit www...
Brands as Banks, Samsung Money, Kabbage vs. OnDeck and Fintech Geopolitics
July 30, 2020 19:29 - 36 minutes - 29.1 MBThe fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention. Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking. Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space. Kabbage and Intuit launched small business bank accounts as exten...
How to Invest in Fintech Remotely with Accel’s Seth Pierrepont
July 28, 2020 18:55 - 34 minutes - 27.3 MBSeth Pierrepont is a partner at Accel, one of the most renowned venture firms in the world and a backer of companies including Facebook, Spotify, Slack, Dropbox and many more. Seth invests in financial technology and data infrastructure and has led the firm's investments in companies like Privitar, AnyFin, Soldo, Worldremit any many others. In this conversation, Rebank co-host Aman Ghei of Finch Capital and Seth discuss how VCs have been adjusting to the new normal of investing remotely,...
KYC as a Competitive Advantage with Fourthline
July 24, 2020 19:01 - 30 minutes - 24.5 MBKrik Gunning is the CEO and co-founder of Fourthline, one of fastest growing companies in Europe. Fourtline verifies the identities of millions of customers for clients like N26, ING, SolarisBank, Degiro, Flatex and many others. Aman and Krik discuss the genesis of KYC and the constant struggle between compliance and risk at regulated institutions. They look at real world examples of how companies are stopping financial crime and how technology offerings in this commoditized market stand o...
Pooling Upside in Baseball and Business with Pando
July 22, 2020 11:09 - 34 minutes - 27.8 MBCharlie Olson is the Co-Founder and CEO of Pando, a Series A stage fintech designing new ways for high financial variability performers to manage financial risk and upside. Pando’s platform allows professional baseball players and more recently business school graduates to pool future earnings potential in ways that smooth income volatility for the group. In theory, this type of approach could help society better allocate talent against opportunities, without the constraint of personal fin...
Figure, SoFi and the Disruption of Finance with Mike Cagney
July 17, 2020 03:16 - 52 minutes - 41.3 MBMike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow. Prior to starting Figure, Mike co-founded and ran SoFi, one of the most successful consumer fintech companies ever. In this conversation, we discuss Figure’s routes to asset origination and capital markets disruption, Fi...
Corporate Venture Capital in Unprecedented Times with Santander InnoVentures
July 15, 2020 11:31 - 29 minutes - 23.6 MBManuel Silva is the Head of Investments for Santander InnoVentures, Santander’s Corporate Venture Capital arm and a leading fintech investor. InnoVentures' investment portfolio includes companies like Kabbage, Ripple, SigFig, Tradeshift, Curve, Payjoy, Roostify, Trulioo, Klar and Upgrade. In this conversation, Manuel and I discuss advice for founders in a recession, potential for COVID-driven consolidation in fintech, opportunities in LATAM and thoughts on the digital banking business mo...
Personal Capital is Acquired for $1 Billion, Lemonade IPOs and PayPal Joins the Crypto Club
July 10, 2020 02:24 - 32 minutes - 25.8 MBRobo 1.0 success Personal Capital was acquired for nearly $1 billion by Empower, a major retirement savings manager. Softbank-backed insurtech darling Lemonade IPOed at less than $2 billion, in a successful fundraise and listing, and has since seen its market cap rise to over $4 billion. The IPO is a landmark for an insurtech industry in desperate need of successes. And PayPal announces the impending launch of crypto trading to its 325 million uses. The move isn’t overly interesting in i...
The Opportunity in US Digital Banking with Current
July 09, 2020 01:40 - 43 minutes - 35.2 MBStuart Sopp is the Founder and CEO of Current, a leading US digital bank. Current has over a million users, with a focus on young, financially excluded Americans. In this conversation, we discuss how Current achieves profitable unit economics, what differentiates Current from competitors, key differences between the US and European digital banking markets and more. For all of our past episodes and to sign up for our newsletter, please visit www.bankingthefuture.com. Thank you very mu...
Fintech Opportunities in LATAM with QED and Broadhaven Ventures
June 30, 2020 05:00 - 41 minutes - 33.3 MBMike Packer, Partner at QED, and Michael Sidgmore, Partner at Broadhaven Ventures, are active investors in Latin America, with collective portfolio companies including Credijusto, Loft, Nubank and many more. In this conversation, we discuss market dynamics, nuances and opportunities in Latin American fintech and much more. For all of our past episodes and to sign up for our newsletter, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Mike...
WhatsApp Payments Halted in Brazil, Checkout.com is Worth $5.5 Billion, Wirecard Misplaces $2 Billion
June 26, 2020 05:00 - 31 minutes - 24.8 MBToday, we’re joined by Lex Sokolin to talk through a few recent events that are indicative of what’s important in fintech right now. And boy, is there a lot to talk about. WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed, DAX 30 index component Wirecard “loses" $2 ...
Building Self-Driving Money with Wealthfront
June 24, 2020 08:00 - 33 minutes - 26.5 MBAndy Rachleff is the Co-Founder and CEO of Wealthfront, one of the world’s leading investments and personal finance companies. Building around a core investments offering for young professionals, Wealthfront has added checking, savings and debit functionality plus automation, with the ultimate vision of delivering self-driving money, where personal finance is fully automated by software. Today, Wealthfront is announcing the launch of checking account features in a significant extension o...
How to Build a Profitable Digital Bank with Tinkoff
June 19, 2020 05:00 - 49 minutes - 39.6 MBOliver Hughes is the CEO of Tinkoff Group, one of the world’s most successful digital banking groups with over ten million customers. Tinkoff is publicly listed, which brings clarity to its operating model in a time when many noteworthy consumer digital banks are pursuing customer acquisition at the expense of profitability. Oliver has led Tinkoff through three financial crises, so brings experience and perspective to the current COVID crisis. This is a fascinating discussion about uni...
Varo and Marqeta Raise Rounds, Should Digital Banks Lend? and Fintech Gets Meta
June 12, 2020 05:00 - 33 minutes - 26.8 MBWe’re joined by Lex Sokolin to talk through a few recent events that are indicative of what’s important in fintech right now. Varo raised $241 million in preparation to start operating under its own banking license later this year. Is a banking license an asset or a liability if you’re a digital bank? Marqeta is reportedly now valued at $4.3 billion, as banking-as-a-service continues its mature. And LA-based fintech Stackin’ raised $13 million to scale its messaging-based offering ...
What Institutional Investors Did During the COVID Crash with Addepar
June 09, 2020 05:00 - 24 minutes - 19.3 MBEric Poirier is the CEO of Addepar, a leading investment technology company with a ten-year track record serving institutional clients. With more than 400 institutional investor clients with approximately $2 trillion in assets on Addepar’s platform, Eric has a fantastic view into how the smart money responded during the COVID crash and where funds are likely to flow during recession and recovery. Addepar has raised $245 million since inception to build and scale its platform and recently...
Cash App, Venmo, Digital Wallets and Challenger Banks with Max Friedrich
June 05, 2020 05:00 - 52 minutes - 48.7 MBToday, we’re joined by Max Friedrich and Lex Sokolin. Max is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. I loved this conversation, which could have been twice as long as it was, and hope to continue explo...
Powering 95% of US Digital Banking with Galileo
June 02, 2020 05:00 - 36 minutes - 29.6 MBClay Wilkes is the founder and CEO of Galileo, one of the leading digital banking and payments platforms in North America. Galileo provides much of the technology that powers banking and payments for companies including Chime, Robinhood and Varo, plus the US operations of Monzo, N26, Revolut and many, many more. In April, SoFi, one of the absolute leading US fintechs and an increasingly full service financial institution, announced the acquisition of Galileo for $1.2 billion. The tie up ...
Brex Raises Again, Shopify Launches Bank Accounts and M&A Ideas for Goldman
May 29, 2020 05:00 - 27 minutes - 21.8 MBToday, we’re joined by Lex Sokolin to talk through a few recent events that are indicative of the fintech world right now. Brex raised an additional $150 million at a slightly improved valuation vs. its last round just as Monzo is reportedly looking at a 40% down round. Why? Shopify launched bank accounts for its merchants and an Amazon competitor plus Klarna, just as it worked with Facebook to support the launch of Facebook Shops and joined the Libra Association. Lots going on. Lastly...
What the COVID Crisis Means for Fintech Now and in the Years to Come with Radboud Vlaar
May 26, 2020 05:00 - 38 minutes - 30.7 MBRadboud Vlaar is the Founding Partner at Finch Capital, an early-stage venture capital firm and one of Europe’s most active series A investors. Prior to starting Finch in 2013, Radboud was a Partner at McKinsey, where he worked for ten years. Finch recently published a fantastic report on fintech in a time of crisis, which forms the basis for our conversation today. The report is available at https://www.finchcapital.com/covid19. For all of our past episodes and to sign up to our newsl...