Wharton FinTech Podcast

By Wharton Fintech Podcast

Listen to a podcast, please open Podcast Republic app. Available on Google Play Store.


Category: Podcasting

Open in Apple Podcasts


Open RSS feed


Open Website


Rate for this podcast

Subscribers: 104
Reviews: 0

Description

Connecting you with the leaders, ideas, and companies that are reinventing global financial services. Our guests are the top FinTech founders, executives, investors, and thinkers from across the world. Follow us for more FinTech content including videos, blogs, and analysis by searching @whartonfintech on your preferred platform.

Episode Date
Greycroft Partner, Alison Lange Engel – Backing Unicorns, Building Trust, & Fintech VC!
00:36:27
Miguel Armaza sits down with Alison Lange Engel, Venture Partner at Greycroft, a leading venture capital firm focused on investments in the Internet and mobile markets, with offices in New York City and LA. Greycroft manages over $2 billion and has made over 200 investments, including some leading fintech companies like Acorns, Venmo, Flutterwave, and Public. Alison works across the Greycroft portfolio, advising companies on go-to-market strategy, execution, and sourcing new investments. She’s also a proud MBA alum from our very own Wharton School. We discuss - Her operator background at companies like LinkedIn, Microsoft and Stripe - A deep dive into her experience as Head of Marketing at Stripe - Transitioning to the investing side - Greycroft’s story, investment thesis, and what defines their portfolio companies - Why Alison and Greycroft are bullish on the future of consumer fintech - Inside stories on fast-growing portfolio companies - And a lot more! Alison Lange Engel Alison Lange Engel is a Venture Partner at Greycroft. She works across the Greycroft portfolio, advising companies on go-to-market strategy and execution and sourcing new investments. Alison has 20+ years of experience leading, structuring, and scaling high growth businesses. She’s managed teams throughout North America, Europe, Brazil, and Asia. Prior to Greycroft, Alison was the first CMO at Stripe and worked to establish the marketing function, scaling the team 5x in one year and driving quantified growth. Prior to Stripe, Alison was a Vice President of Marketing at LinkedIn. In her 6 years at LinkedIn, she had a broad impact on LinkedIn’s advertising business strategy and execution, with overall company revenue growing from $200MM at IPO in 2011 to $5Bn+ today. Alison’s early career in technology started with the sale of Massive Incorporated, a venture-backed video game advertising business, to Microsoft in 2006. She held marketing leadership roles at Microsoft Advertising for 3 years. Prior to her career in technology, Alison was an investment banker at Goldman Sachs, focused on Media, Entertainment and Consumer sectors. Her media background includes HBO and the CBS Television Network, where she held sales and programming roles. Alison has a BA from UCLA and an MBA from The Wharton School. About Greycroft Greycroft is a seed-to-growth venture capital firm that partners with exceptional entrepreneurs to build transformative companies. The firm has deep experience in both consumer and enterprise technology, with a portfolio that spans the globe. Greycroft values building enduring relationships with founders and understands that they want more from investors than just capital. Greycroft has raised $2 billion in commitments and has over 200 active investments. The portfolio includes Acorns, Anine Bing, App Annie, Axios, Bird, BetterCloud, Braintree, Bright Health, Buddy Media, Bumble, Flutterwave, Goop, Happiest Baby, Huffington Post, Icertis, Lightricks, Maker Studios, Medly, Openpath, Scopely, SEMrush, Shipt, TheRealReal, Thrive Market, Trunk Club, Venmo, and Yeahka. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Apr 21, 2021
Jon Zanoff, Founder of Empire Startups & Stella Ventures - YOLO Fintech and the Get Sh*t Done KPI
00:42:43
"We're in the YOLO era of fintech...it will lower CAC, but also LTV" The always entertaining and insightful Jon Zanoff joins Ryan Zauk on today's fun episode. Jon Zanoff is the Former Mayor of Fintech, founding Empire Startups, an 18,000+ person strong fintech community. Jon now runs Stella Ventures, an early-stage Fintech VC focused on the US & Canada. Jon will join the Wharton Fintech Conference on April 22-23, leading a panel called “Building a Fintech, Lessons Learned” featuring Finch, Pando, Intrinio, Public.com, and MassChallenge Fintech. The conference will include numerous industry CEOs, VCs, founders, and more. Check out the star-studded panel here! whartonfintechconference.com For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Apr 19, 2021
Unqork's Head of Solutions, Jane Tran - Leading The No-Code Revolution & Scaling a Unicorn!
00:22:44
On today's episode, Ryan Zauk sits down with Jane Tran, Head of Solutions at Unqork, one of New York’s newest tech unicorns. Unqork is a completely visual, no-code application platform that helps enterprises build complex + custom software faster, with higher quality, and lower costs, all without a single line of code. Backed by companies like Blackrock, Goldman Sachs, and Google, Unqork is serving some of the world’s top financial institutions as well as numerous healthcare firms, governments, and more. As Head of Solutions, Jane is the youngest member of Unqork’s executive team and has helped supercharge Unqork from nascent platform to billion-dollar company. In today’s episode, they discuss: - The amazing problems Unqork solves for large enterprises - Unqork's most powerful use cases - Their amazing projects during the pandemic with NYC and Washington DC - How she thrives as a young, female exec (and beats imposter syndrome) - And much more. For more fintech insights, check us out below! WFT Conf: whartonfintechconference.com/ For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Apr 18, 2021
Tosin Eniolorunda, Founder & CEO of TeamApt – Delivering Financial Happiness
00:29:10
Miguel Armaza sits down with Tosin Eniolorunda, Founder and CEO of TeamApt, a financial software company focused on building solutions and running infrastructure for African banks, businesses and people to manage their money. In this episode, we discuss: - Tosin’s background, his journey as an entrepreneur, and why he decided to bootstrap the company for several years before raising any venture dollars. - TeamApt’s impressive growth - Building the company and how they develop the biggest non-bank, mobile money platform in the market. - The amazing Nigerian opportunity and the state of FinTech and the entrepreneurial ecosystem in Africa - And a whole lot more! About TeamApt TeamApt is a financial technology company focused on developing Digital Banking, Digital Business solutions and Payments Infrastructure by rethinking the needs of consumers, businesses and the financial industry. Beginning operations in 2015, TeamApt was borne from a desire to create financial happiness, building solutions and tools for businesses and individuals to happily manage money. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Apr 16, 2021
Anthony Scaramucci, Founder of SkyBridge – Entrepreneurship, Bitcoin Investing, & Public Service
00:30:27
Miguel Armaza sits down with none other than Anthony Scaramucci, Managing Partner & Founder of SkyBridge, a $10 billion global alternative investments firm specializing in a wide array of investment strategies, including fund of hedge funds products, hedge fund advisory solutions, and a bitcoin-dedicated fund. Prior to SkyBridge, Mr. Scaramucci co-founded Oscar Capital Management, which he later sold to Neuberger Berman in 2001. In this entertaining episode, we discuss - Anthony’s trajectory and entrepreneurial spirit - why he decided to leave big finance to launch his own firm Founder Lessons: 1. The importance of showing up and putting all your time and energy into your business as a founder 2. Resourcefulness and flexibility, why these are some of the most important traits necessary for an entrepreneurial career - All things Bitcoin and why he’s so bullish on it and decided to launch a dedicated Bitcoin fund and strategy at SkyBridge - Reflections on his short stint at the White House as Communications Director under President Trump, and what he learned from this experience - Advice for the younger generation - And a lot more! Anthony Scaramucci Anthony Scaramucci is the Founder and Managing Partner of SkyBridge Capital. He is the author of four books: The Little Book of Hedge Funds, Goodbye Gordon Gekko, Hopping Over the Rabbit Hole (a 2016 Wall Street Journal best seller), and Trump: The Blue-Collar President. Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001. Earlier, he was a vice president in Private Wealth Management at Goldman Sachs & Co. In 2016, Scaramucci was ranked #85 in Worth Magazine’s Power 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year – New York” Award in the Financial Services category. Anthony is a member of the Council on Foreign Relations (CFR), vice chair of the Kennedy Center Corporate Fund Board, a board member of both The Brain Tumor Foundation and Business Executives for National Security (BENS), and a Trustee of the United States Olympic & Paralympic Foundation. He was a member of the New York City Financial Services Advisory Committee from 2007 to 2012. In November 2016, he was named to President-Elect Trump’s 16-person Presidential Transition Team Executive Committee. In June 2017, he was named the Chief Strategy Officer of the EXIM Bank. He served as the White House Communications Director for a period in July 2017. Scaramucci, a native of Long Island, New York, holds a Bachelor of Arts degree in Economics from Tufts University and a Juris Doctor from Harvard Law School. About SkyBridge SkyBridge is a global alternative investment manager that provides a range of investment solutions to individuals and institutions. Addressing every type of market participant, SkyBridge's investment offerings include commingled funds of hedge funds products, customized separate account portfolios, hedge fund advisory services, and an Opportunity Zone focused non-traded REIT. The firm is headquartered in New York. For more information, visit: www.skybridge.com. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Apr 14, 2021
How Community Banks Fight Back - Ron Shevlin, Forbes Columnist & Director at Cornerstone
00:32:12
In today's episode, the ever-snarky Ron Shevlin, Director of Research at Cornerstone Advisors and frequent columnist at Forbes, sits down with Ryan Zauk. Cornerstone is a leading research platform focused on financial services, where Ron spends his days advising community banks, mid-size institutions, and credit unions on strategy, market research, technology, fintech, and more. He also writes the "Forbes Fintech Snark Tank." With community banks, credit unions, and small to medium financial institutions facing major crossroads over the coming years, advice is more crucial than ever. Thankfully, Ron comes on to talk about how they can fight back, what they can learn from The Grateful Dead (it's actually quite compelling), the current state of neobanks, and more. In today’s episode, they discuss: - How these institutions can “fight back,” especially through the lens of community and affinity - Why community banks need to "find their bullseye" - The tech problems facing these institutions - How Ron is thinking about the neobank space and how the top leaders will play out - and of course a rapid fire round. For more fintech insights, check us out below! WFT Conf: whartonfintechconference.com/ For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Apr 12, 2021
Shamir Karkal, Co-Founder/CEO of Sila – Pioneering and Reimagining Financial Innovation
00:34:02
Miguel Armaza sits down with Shamir Karkal, Co-Founder and CEO of Sila, a banking and payments platform that aims to break open the Financial System and make it easy for any company to offer out-of-the-box financial services. Shamir is also a true FinTech pioneer and legend, having played a crucial part in building the infrastructure that would pave the way for online banking. In 2009, he co-founded Simple, the first digital bank of its kind in the US, and later headed the Open Platform group at BBVA. In this episode, we discuss - Shamir’s fascinating background and how in fact he comes from a long line of Indian bankers - The story behind Simple and the ups and downs they faced launching the first independent digital bank in the US and what led them to an eventual acquisition by BBVA - Launching Sila and his approach as a second time fintech founder - Why’s so excited about the future and is convinced these are the early days for the industry - Founder lessons - And a lot more! Shamir Karkal A true FinTech pioneer, Shamir Karkal played a crucial part in building the infrastructure that would pave the way for online banking. In 2009, he co-founded Simple, the first bank of its kind in the United States, and later headed the Open Platform at BBVA. Shamir was drawn to serve smaller companies, co-founding Sila in 2018 with the goal of empowering financial innovations. Shamir studied physics and computer science at Bangalore University and is a graduate of Carnegie Mellon’s Tepper School of Business. He lives with his family in Portland, Oregon, and enjoys jiu-jitsu, long-range target shooting, and studying history whenever possible. About Sila Sila is a banking and payment platform for software teams building the next generation of financial products & services in regulated and unregulated industries. The Sila API enables white-label ACH payment processing, money transfer, digital wallets, bank account linking, and identity verification of business and individuals. We power any web, desktop, or mobile application with built-in compliance. Sila was co-founded in 2018 in Portland, Oregon by a diverse team of fintech, legal, and financial experts. For more information visit silamoney.com. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Apr 11, 2021
moov Founder Wade Arnold - Building for Developers at the Core of Fintech!
00:32:25
In today's episode, Ryan Zauk sits down with Wade Arnold, Founder & CEO of moov. moov raised a $27M Series A from a16z in December 2020, following a $5M seed round led by Bain Capital Ventures. Moov provides developers with an elegant, simple platform that takes the complexity out of embedded payments and more. They take a developer-first approach of being built on open source, portable to cloud providers or on-premises, modular for customization, and decoupled from any single bank program. Wade is a self-described “engineers engineer,” a true nerd at heart who has built a number of technical products in fintech and beyond. Wade will be at the Wharton Fintech Conference on April 22 and 23, on a panel titled “Unpacking APIs and SaaS: how best-in-class fintechs are building from the ground up” alongside execs from Treasury Prime, Finix, OpenPayd, Railsbank, and QED. WFT Conf: https://whartonfintechconference.com/ Fintech Devcon: https://fintechdevcon.io/ For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Apr 09, 2021
Fin VC Founder, Logan Allin - Fueling Fintech Enablers and Transforming the Industry
00:38:40
Miguel Armaza sits down with Logan Allin, Founder and Managing General Partner at Fin VC, a Venture Capital firm focused on Enterprise SaaS FinTech companies in the US, UK and Europe, with a portfolio that includes 6 unicorns. In this episode, we discuss: - Logan’s background and the journey to becoming a Venture Capital entrepreneur - Transition from corporate VC under SoFi to a becoming a stand-alone firm - Why Fin VC focuses specifically on backing the fintech enablers that are building disruptive B2B-oriented businesses - Investing theses and portfolio company examples - Venturing internationally - His passion for chess - And a lot more! Logan Allin Founded in 2018, Fin VC is focused on Enterprise SaaS FinTech companies in the US, UK and Europe. Their portfolio currently has 21 companies globally, including 6 unicorns. Fin VC doesn’t just deliver with capital- it adds value through engaging with their portfolio companies at every stage. The team believes the acquisition of fintech stacks is the future of banks and big tech, and that through the integration of innovative fintech the US can outpace other geographies. An entrepreneur turned VC, prior to founding Fin VC, Logan was VP of SoFi Ventures and also worked at Light Street Capital, TMT investments and Formation Group, focused on early-expansion stage cross-border. Previously, Logan was a Senior VP in City National Bank’s wealth management division (now part of RBC). He also spent much of his career in leadership positions at Capgemini, EMC, and PwC. Logan earned Bachelor of Arts degrees in public policy and political science from Duke University and a M.S. in Management from Stanford University’s Graduate School of Business where he was a Sloan Fellow.
Apr 07, 2021
Charles Moldow, General Partner at Foundation Capital – Investing in Fintech Gems
00:31:53
Miguel Armaza sits down with Charles Moldow, General Partner at Foundation Capital, a legendary Venture Capital firm founded in 1995 that has raised nine funds, received over $3B in committed capital, has seen 28 IPOs, and over 80 acquisitions from their portfolio companies. Charles has been at Foundation since 2005, having led impressive investments like Uber, LendingClub, OnDeck and Rappi. Before Foundation, he lived the startup journey and was part of the founding team of two high-profile startups with successful exits in 97 and 2006. He is also a proud alum of our amazing Wharton School! We discuss: - Charles experience as an operator and entrepreneur through the dotcom bubble and why he eventually transitioned to the investing side - Thought process behind his investment strategy and reflections on some early mistakes as a venture capitalist - All things Fintech, including trends he’s most excited about - Foundation’s impressive track record and their secret behind this success - Why he’s particularly excited about the entrepreneurial scene in Latin America - And a lot more Charles Moldow Charles current portfolio contains fintech breakouts and emerging direct to consumer businesses. Fintech investments include StatesTitle, HealthIQ, LendingHome, Auxomoney, OneFinance, Hatch, Branch, Canopy, Agentero, Deepfraud and Decent. Direct to consumer businesses include Rappi, Rover, NextRoll and Clubhouse. Charles has seen four portfolio companies go public with Uber, LendingClub, OnDeck and Everyday Health. He has also managed nine companies through acquisition: Powerset by Microsoft, Motif by Schwab, Coverwallet by Aon, Finxera by Stonepoint Capital, Xoopit by Yahoo!, CloudOn by Dropbox, Zoomer by GrubHub, Refresh by LinkedIn and Bureau of Trade by Ebay. In 2016, CB Insights listed Charles among The Top 100 Venture Capitalists, and Forbes named Charles to the Midas List for the second time—citing among other factors his deep experience in all things marketplace lending. Charles attended the 2016 White House FinTech Summit, one year after publishing “A Trillion Dollar Market by the People, For the People,” which became the authoritative must-read on the potential of and challenges facing the marketplace lending industry. The paper has been downloaded more than 30,000 times and has frequently been cited by leading thinkers in finance and the media. Charles is an alumnus of the Wharton School at the University of Pennsylvania and the Harvard Business School. Charles moonlights as a AAA little league coach and family vacation planner. Foundation Capital Foundation Capital was founded in 1995. As an early-stage venture capital firm, Foundation has lived through the emergence of the World Wide Web, the IT war of the 90s, the dot-com bubble, Web 2.0, the mobile revolution, the Great Recession, the rise of Big Data, software’s ascension to the cloud, and the birth of blockchain. The wisdom of those experiences remains with the company, transmitted to each successive generation of partners. Two-thirds of VC firms never make it past their first fund; only 10 percent survive beyond their fourth. Foundation is 25 years and nine funds strong, with over $3B in committed capital, 28 IPOs, and 80+ acquisitions to their name. Their fintech, enterprise, and consumer investments have reinvented industries and defined new markets, with companies that include Lending Club, Sunrun, TubeMogul, Chegg, and Netflix. For a quarter of a century—through boom and bust, prosperity or calamity—Foundation Capital has endured, evolved, and thrived. Building companies is in their bones. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Apr 05, 2021
Yoco Co-Founder, Carl Wazen - Revolutionizing South Africa's Digital Payments
00:32:06
Miguel Armaza sits down with Carl Wazen, Co-Founder & Chief Business Officer at Yoco, South Africa’s leading payments platform for small businesses offering a convenient way to accept card payments in-person or online. Founded in 2012, the company serves over 100,000 small businesses and has received multiple rounds of investment from industry leaders like Quona, Partech, Greyhound Capital, FMO, and many more. We covered a wide range of topics, including: - Carl’s background and his entrepreneurial journey in Cape Town, South Africa as an immigrant outsider - Stories about the early days of Yoco and how they took the company from 0 to 1 - The importance of company culture in the fast moving fintech space - Navigating COVID and Yoco’s meaningful role in helping small businesses during the pandemic - The State of the fintech industry in South Africa and the rest of the continent - Entrepreneurial advice - And a lot more! About Yoco Yoco is an African technology company that builds tools and services to help small businesses get paid, run their business better, and grow. The company believes that by opening up more possibilities for entrepreneurs to be successful, they can help create more jobs, enable people to thrive and help to drive our economy forward.
Apr 04, 2021
Lex Sokolin, ConsenSys CMO & Fintech Futurist - Fintech Trends, Defi, & Digital Collectibles
00:42:10
On today’s episode, Ryan Zauk sits down with Lex Sokolin, CMO, Chief Economist, and Global Fintech Co-Head at ConsenSys, the world’s leading Ethereum software company. Lex also runs the Fintech Blueprint, an amazing fintech subscription newsletter. Before ConsenSys, Lex worked in strategy at Lehman Brothers before getting a JD MBA from Columbia. At Columbia he founded NestEgg, a private label robo, later selling it to AdvisorEngine, then worked in research at Autonomous Research. Lex is a fintech and technology futurist in every sense of the word, always writing at the intersection of finance, tech, law, philosophy, economics, and sociology. We are a huge fan of his work here at Wharton Fintech! Fintech Blueprint: https://lex.substack.com/ In today’s episode, Ryan & Lex discuss: - The deep meanings behind his career decision making, breaking from gold-star chasing to startups and now frontier technology - How Duchamp's "Fountain" can help people understand NFTs - How a conversation with a Deloitte exec turned him into a budding futurist - What ConsenSys is and how it works with the crypto ecosystem - His predictions for Defi and the road to mass adoption - His boredom with fintech super apps, robo advisors, and neobanks - Why Google Pay is going to kill many fintechs For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Apr 02, 2021
S&P Global CEO, Doug Peterson - The Future of Finance, Power of Data, and Global Business Trends
00:25:56
Miguel Armaza is joined by Doug Peterson, President and CEO of S&P Global (NYSE: SPGI), one of the largest companies in the US that specializes in providing ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. Prior to S&P, Doug held multiple leadership positions at Citigroup, including roles around the world as CEO of Citi Japan, Uruguay, and Costa Rica. He is also a proud alumni of our very own, Wharton School! In this episode, we talk about: - Doug’s journey, from childhood in New Mexico, to international student in South America, to global corporate leader. - The important role that Wharton had on his career and how it sparked his love for Finance - Why S&P Global is focusing on data analytics and artificial intelligence and how it has built a fintech portfolio around these topics - The rise of Environmental, Social, and Governance factors in capital markets around the world, particularly over the last year - Leadership advice and Doug’s approach to managing an organization with tens of thousands of professionals - The important difference between visiting and actually living in a new place and why he actively pursued an international career from early on - And a whole lot more... Douglas L. Peterson Doug Peterson has served as President, Chief Executive Officer and a member of the Board of Directors of S&P Global since 2013. He joined the Company in 2011 as President of Standard & Poor’s Ratings Services. Mr. Peterson has repositioned S&P Global to power the global capital and commodity markets of the future with transparent, innovative and independent credit ratings, benchmarks, analytics and data. His long-term business strategy for S&P Global focuses on six key priorities essential to the Company’s ongoing growth and success: global expansion, customer orientation, technology, innovation, operational excellence and people. Previously, Mr. Peterson was the Chief Operating Officer of Citibank, N.A., Citigroup’s principal banking entity that operates in more than 100 countries. Mr. Peterson was with Citigroup for 26 years. His prior roles include CEO of Citigroup Japan, Chief Auditor of Citigroup, Country Manager for Uruguay, and earlier he served as Country Manager for Costa Rica. Mr. Peterson is a member of the Boards of Directors of Business Roundtable, the Japan Society, the National Bureau of Economic Research, and is a member of the Council on Foreign Relations, the New York Stock Exchange Board Advisory Council and the U.S.-India CEO Forum. He is co-chair of the World Economic Forum’s Stewardship Board of the Platform for Shaping the Future of Cities, Infrastructure and Urban Services. In addition, he serves on the Advisory Boards of the Federal Deposit Insurance Corporation’s Systemic Resolution Advisory Committee, the US-China Business Council and the Kravis Leadership Institute, and the Boards of Trustees of Claremont McKenna College and the Paul Taylor Dance Company. Mr. Peterson received an MBA from the Wharton School at the University of Pennsylvania and an undergraduate degree from Claremont McKenna College. About S&P Global S&P Global (NYSE: SPGI) is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical economic, market and business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. For more information, visit www.spglobal.com. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Mar 31, 2021
Upstart CEO Dave Girouard - Revolutionizing Lending and Taking a Fintech Public on the Nasdaq!
00:31:32
In today's episode, Ryan Zauk sits down with Dave Girouard, Founder & CEO of the recently IPO’d Fintech, Upstart. Upstart is an online lending marketplace that provides personal loans using 1,600+ non-traditional variables, such as education and employment, to predict creditworthiness. If you listened to our episode the other week with Chi Chi Wu of the National Consumer Law Center, you know credit and lending is a huge issue in America (https://soundcloud.com/wft/credit-reporting-and-consumer-protection-chi-chi-wu-national-consumer-law-center) Upstart is using artificial intelligence and rigorous machine learning to attack this issue, making it not only a great company, but a wonderful mission. In today’s episode, Ryan and Dave discuss: 3:30 – What exactly is Upstart? 6:44 – The current state of credit scores and how Upstart is upending the traditional credit score 10:57 – What needed to be true for banks to trust Upstart? 13:19 - How he navigated the regulatory environment, who he hired, and what a no-action letter is 15:39 – How COVID affected his business 18:40 – Why it was time to IPO, why he questions SPACs, and why raising private money was really, really hard 21:50 – How the IPO was different from private rounds and the importance of momentum 23:00 – The toughest challenges he faced as a founder 25:15 – His decision-making framework for leaving an amazing role at Google and founding Upstart...including the long conversations he had with his wife that made him take the plunge 26:24 – A rapid-fire round including his thoughts on bitcoin, where he was when the IPO bell rang, his favorite dinner meal before a long work night, first covid vacation and more! For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 29, 2021
Rally Co-Founder, Rob Petrozzo - Investing in Collectibles & Building a 21st Century Portfolio
00:35:26
Miguel Armaza is joined by the talented Rob Petrozzo, Co-Founder and Chief Product Officer at Rally, a groundbreaking platform for buying & selling equity shares in collectible assets, that aims to give every investor a 21st Century Portfolio. The company has raised close to $30 million, from top industry investors like Upfront Ventures, Anthemis, Porsche Ventures, Alexis Ohanian, and many more. We discussed: - Rob’s winding road from artist to entrepreneur - Working with his co-founders and why they bring the perfect balance of personalities - Challenges and stories from building Rally and their vision of a 21st century portfolio - Operating with collectible luxury items like cars and art pieces, and the important question of whether they get to test-drive all those incredible cars - The importance of building a community and why most people confuse community and monetization - His vision for the future of Rally - And a lot more! About Rally Rally is a platform for buying & selling equity shares in collectible assets. Together, we rally to make investing behind ideas, emotions, and communities safe, easy, and accessible. The result… A 21st Century Portfolio, for everyone.
Mar 28, 2021
Apply Now! Techstars & Western Union Accelerator Lead Elle Bruno
00:23:23
Miguel Armaza sits down with Elle Bruno, Managing Director of the Techstars & Western Union Accelerator. Armed with 19 years of experience as a founder, startup operator, and angel investor, Elle now leads the Techstars/Western Union accelerator focused on identifying innovative and disruptive startups working on cross border and cross-currency money movement for consumers and commercial businesses. In fact, if you are an entrepreneur in this category or know someone who’d be a good candidate, be it in the US or an emerging market around the world, make sure to apply by April 7, 2021. Apply Here -> https://bit.ly/2QE16FM Company Stage -> MVP+ Categories within fintech: - Alternative Financial Services Offerings (lending, emerging market asset management, P2P lending) - Payments and Remittance - KYC, AML, Compliance - Digital ID, Fraud Detection - Settlement and Transaction Processing - Digital Banking and Neo Banks - SMB emerging market POS Elle Bruno Elle Bruno is the Managing Director of the Techstars & Western Union Accelerator. Elle has been a founder and startup operator for 19 years. In 2004 she started her first company, an eBay ancillary marketplace, and since then she has been involved in building three venture-backed startups, most notably Trunk Club. Her expertise is in consumer tech, specifically revenue and growth. Elle has been an angel investor and advisor since 2015, with a focus on investing in female-founded companies, and was an EIR in the 2020 Techstars & Western Union program. About Techstars Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,700 companies with a market cap of $20 Billion. www.techstars.com About Western Union The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2019, our network included over 550,000 retail agent locations offering Western Union, Vigo or Orlandi Valuta branded services in more than 200 countries and territories, with the capability to send money to billions of accounts and mobile wallets. Additionally, westernunion.com, our fastest growing channel in 2018, is available in approximately 70 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.
Mar 26, 2021
Bessemer Venture Partners' Charles Birnbaum - Fintech Infra, Wealth Management, and Thesis Investing
00:37:26
In today's episode, Ryan Zauk sits down with Charles Birnbaum, Partner at Bessemer Venture Partners, one of the world’s oldest & most successful venture capital firms. Charles joins the show fresh off of Bessemer’s $3.3B raise in February across two funds. Charles is a proud Wharton alum, joining the MBA program after a long stint on Wall Street. He then was employee #10 at Foursquare before joining Bessemer. In today’s episode, they cover: - His transitions from sell-side to MBA to startups to VC, and doing “tech” way before it was a normal part of the Wharton path (2:50) - Bessemer's structure & emphasis on thesis-driven investing (8:05) - His focus on fintech infrastructure and embedded finance, how it was shaped by BVP's existing portfolio, and his underestimation of Shopify (10:48) - His missed investment in Plaid’s Series A and why it made him a better investor (13:58) - His investment in Alloy and why it's critical to find companies with 'Pull' in financial services. (15:55) - The current state of wealth management, how he thinks about segmenting the market, and the sale of United Capital (BVP portco) to Goldman Sachs (19:51) - The fundraising process, portco management, and where you can get creative in hiring (24:40) - And a Rapid fire round including his fintech hero and Wharton classmates in fintech he most admires (31:43) Referenced in the episode: - PFOF Debate with Atom Finance CEO Eric Shoykhet https://medium.com/wharton-fintech/atom-finance-founder-eric-shoykhet-building-for-the-retail-investor-and-debating-pfof-a3156bd79bc - Robinhood COO Gretchen Howard https://medium.com/wharton-fintech/robinhoods-coo-gretchen-howard-democratizing-finance-navigating-a-crisis-embracing-change-d6b293c39e8e For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 24, 2021
NFL Star + Penn Professor Brandon Copeland - Tackling Financial Literacy through "Life 101"
00:43:36
Today, Ryan Zauk sits down with NFL Player and UPenn Professor Brandon Copeland. Formerly on the Patriots, Jets, and Titans Brandon just signed with the Atlanta Falcons this past Friday! But this episode isn't about football - Brandon is MUCH more than a football player. See below: - Penn Professor where he teaches “Life 101” every spring to educate students about the financial basics of becoming an adult. Think stocks & bonds, buying a home, credit 101, networking/brand-building, taxes, car payments, and more. - He has since made this course available to the public, where he hosts lectures and guest speakers every Tuesday, and fosters an amazing Telegram community. You can learn more and sign up for the course here: life101.io - Forbes 30 under 30 winner, motivational speaker, and noted brand consultant - Columnist at Kiplinger + CNBC and is member of CNBC’s Invest in You Wellness Council with Acorns - Serial private and public investor as well as real estate developer, having worked on 50+ homes Brandon has always been focused on what he calls “the business of me” and has made it a life mission to share his lessons with others. Ryan & Brandon discuss: - Interning at hedge funds and bulge bracket banks since high school (7:30) - What he teaches in ‘Life 101,’ how he got UPenn on board, and his unique final exam (11:50) - How you can get involved with Life 101 and what he needs you to promise before you join (22:30) - His favorite Fintech apps (25:50) - The NFL approach to financial education (29:25) - A rapid-fire round including his personal finance stack, best investments, and the best QB he ever faced (32:40) ...And so much more! For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 22, 2021
Everett Cook, CEO & Co-Founder of Rho - Modernizing Business Banking
00:25:59
Miguel Armaza sits down with Everett Cook, Co-Founder & CEO of Rho Business Banking, a NYC-based company offering banking services to SMBs, including corporate cards, payments and expenses. The company has raised close to $20 million from leading investors, including M13 Ventures, Torch Capital, Inspired Capital, Interplay Ventures, and Mike Vaughan. We talked about - Everett’s journey from hedge fund portfolio manager to startup founder - What inspired him and his co-founders to launch Rho - Why SMB banking in the US needs a refresh - Lessons learned from clients and investors over the past couple of years - And a lot more! Everett Cook - Co-Founder and CEO of Rho Everett Cook is the CEO and co-founder of Rho Business Banking. With over 10 years of experience in finance and investment management, Everett is an expert in financial structuring, macroeconomics and fintech regulations. Everett led research at two $1 billion macro funds, and has worked under leaders like Steve Cohen and Michael Bloomberg. About Rho Business Banking Rho Technologies is the NYC-based fintech behind Rho Business Banking, the only finance platform built from the ground-up to help business teams work better together. The company was founded by former Point72 and Deutsche Bank alum Everett Cook and British-Canadian serial entrepreneur Alex Wheldon. With backgrounds in both finance and operations, they understood how badly fragmented and outdated current commercial finance solutions and tools were relative to the rest of today’s enterprise software. The Rho Business Banking platform approach consists of a single solution that encompasses both collaborative finance software and commercial-grade banking, which together help businesses save time, money, and effort as they grow. Clients are all supported by its team of business bankers and capital markets professionals. Rho Business Banking offers banking, corporate cards, payments and expenses — all in one place. Rho provides finance technology on top of core banking to help businesses move, manage, and leverage money within their whole organization. Rho’s all-in-one platform consolidates banking and cash management with powerful financial tools like global payments, built-in expense management, and A/P, alongside its leading corporate card program. Rho clients are served by dedicated business bankers and introduced to growth options by our capital markets team.
Mar 21, 2021
Smart US CEO Jodan Ledford - The Future of US Retirement, PEPs, and The SECURE Act
00:28:00
In today's episode, Ryan Zauk sits down with Jodan Ledford, CEO of Smart USA. Smart is a retirement tech provider and one of the largest global recordkeepers with strategic investors J.P. Morgan, Legal & General, Barclays, the Link Group, and Natixis, today launched in the US. Smart’s enters the US with over 70,000 retirement plans already on its platform -- on par with the US’ second-largest recordkeeper. It is entering the US market in response to the SECURE act. Smart’s recordkeeping and retirement income solutions are purpose-built for the Pooled Employer Plans and the facilitation of lifetime income in retirement plans the SECURE Act Allows. Smart has established its US headquarters in Nashville, a growing Fintech hub, and is primed to help US plan advisors, employers, and participants further close our retirement coverage gap In this episode, Jodan and Ryan cover a number of topics, including: - Why he chose Nashville to locate Smart - The history of US retirement, including pensions, ERISA, The Secure Act, and 401ks - How people can utilize Smart to standup plans in <1 hour! - PEPs and the Secure Act 101 - The good and bad of current retirement regulations, what needs to change, and some interesting incentive alignments - And a rapid-fire round including the best places to eat in Miami! (23:40) For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 19, 2021
SoftBank COO Marcelo Claure – Investing, Dreaming Big, and the Golden Era of Entrepreneurship!
00:35:46
Miguel Armaza is joined by the one and only, Marcelo Claure, CEO of SoftBank Group International, and all-around fascinating business leader and entrepreneur. Born and raised in La Paz, Bolivia, Marcelo immigrated to the US for college and later founded Brightstar, a company he built into a global category leader and also became the largest Hispanic-owned business in US history. Most recently, Marcelo, alongside Softbank Chairman & CEO Masayoshi Son, oversees the strategic direction of Softbank along with a vast portfolio of operating companies and investments, including SoftBank’s $5B dollar Latin America Fund. As a fellow Bolivian, Miguel Armaza has been a longtime admirer of Marcelo so this was a particularly exciting interview where they discussed: - Marcelo’s background from entrepreneur to global business and fintech leader - Challenges of building a company without much access to funding - The story behind building the Softbank Latin America fund and why there’s no doubt this is the golden era of entrepreneurship in the region - His take on the state of the fintech industry and why several of their portfolio companies have a strong fintech component - The importance of backing diverse and minority entrepreneurs and what Marcelo and the Softbank team are doing about it - Valuable entrepreneurial advice for founders - And a lot more valuable information! About SoftBank Group The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing up to US$100 billion to help extraordinary entrepreneurs transform industries and shape new ones; the SoftBank Latin America Fund, the largest venture fund in that region, and the SB Opportunity Fund, a US$100 million fund dedicated to investing in enterprises founded by entrepreneurs of color in the U.S. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Mar 17, 2021
Robinhood’s COO, Gretchen Howard – Democratizing Finance, Navigating a Crisis, & Embracing Change
00:32:29
Miguel Armaza is joined by the very interesting Gretchen Howard, Chief Operating Officer at Robinhood, one of the most defining fintech companies of 2021, best known for aiming to democratize investing for everyone and popularizing commission-free trades. Founded in 2013 by Vlad Tenev and Baiju Bhat, Robinhood has grown to one of my most recognizable household fintech brands over the last few months with more than 13 million clients. However, the company’s journey has not always been easy and without criticism. In this great episode, Gretchen and I explore: - Career trajectory, and what drove her to leave a senior role at CapitalG (Google) and join Robinhood in 2019 - What inspires her about the company and some of their exciting plans for the future - Gretchen’s first-hand account navigating the GameStop debacle in late January 2021 and, more importantly, some of the lessons learned from this experience and why Gretchen, Vlad, and the Robinhood team are now advocating for real-time trade settlement to improve the market. - As well as a number of other interesting topics Gretchen Howard Gretchen Howard is the Chief Operating Officer of Robinhood, a fast-growing brokerage giving millions of people access to our financial system. Before joining Robinhood, Gretchen was a Partner with CapitalG, Alphabet’s Growth Equity fund. While at Google, Gretchen was the co-site lead of the Google San Francisco office and a Managing Director in Sales & Business Operations, where she helped incubate, launch and scale Google's advertising offerings for SMB and large advertisers. Prior to joining Google in 2006, Gretchen was VP of Market Development and Field Sales for Fidelity Investments. She started her career working in consulting, helping companies implement new technology strategies. Gretchen holds a B.A. from Williams College and an M.B.A. from Harvard Business School. She spends her free time serving as a Trustee of Williams College, serving on the board of the YMCA of Northern California, and spending time outside with her family. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Mar 15, 2021
Richard Sarkis, Co-Founder of Reonomy - Revolutionizing Commercial Real Estate
00:28:30
Miguel Armaza is joined by Richard Sarkis, serial entrepreneur, Executive Chair, and Co-Founder of Reonomy, a commercial real estate data and analytics platform. Since inception in 2013, the company has raised over $130 million in equity from leading industry investors like Georgian Partners, Softbank, Citi Ventures, Bain Capital Ventures, Fintech Collective, and many more... Rich is also a proud graduate of our very own Wharton School In this episode, we discuss: - His journey as a repeat entrepreneur - Exciting stories and challenges of building Reonomy from the ground up - His views on company culture why it is extremely important - Transitioning from CEO to Executive Chairman and what this entails - State of the US commercial real estate market and the impact of COVID - Valuable founder advice and takeaways after almost two decades of entrepreneurship - And a whole lot more! Soundcloud: Spotify: Apple: Full interview --> Spotify | Soundcloud | Apple Richard Sarkis Richard Sarkis is Executive Chair and co-founder of Reonomy, a commercial real estate data and analytics platform. Since the company’s founding in 2013, Sarkis has been instrumental in raising $128 million in venture capital and led Reonomy through a successful web-platform launch in New York City, as well as the launch of a second nationwide platform in 2017. About Reonomy Reonomy leverages big data, partnerships and machine learning to connect the fragmented, disparate world of commercial real estate. By providing unparalleled access to property intelligence, Reonomy products empower individuals, teams, and companies to unlock insights and discover new opportunities.
Mar 14, 2021
Wealthfront’s Andy Rachleff — On Lifelong Learning and the Future of Wealthfront
00:31:36
Former podcast host, Daniel McAuley, is joined by former podcast guest, Andy Rachleff — Co-Founder & CEO of Wealthfront, the only company that integrates banking and investing to automate your savings. We discuss: - Andy’s storied and career as both an investor and entrepreneur - His experience coming out of retirement to found Wealthfront - The ride of day trading app such as Robinhood - Whether payment for order flow is good for retail investors - The current crypto bull run - Market bubbles and what investors can do in today’s environment - Self-Driving Money™ and Wealthfront’s future Andy Rachleff Andy is Wealthfront’s co-founder and CEO. He serves as a member of the board of trustees and chairman of the endowment investment committee for University of Pennsylvania and as a member of the faculty at Stanford Graduate School of Business, where he teaches courses on technology entrepreneurship. Prior to Wealthfront, Andy co-founded and was general partner of Benchmark Capital, where he was responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware. He also spent ten years as a general partner with Merrill, Pickard, Anderson & Eyre (MPAE). Andy earned his BS from University of Pennsylvania and his MBA from Stanford Graduate School of Business. About Wealthfront Wealthfront is the only company that integrates banking and investing to automate your savings. They provide all of the financial services you need like high-interest checking that offers an ATM/debit card, low-cost investment portfolios managed for you, one-click loans and free advice and planning tools all through a five-star rated mobile app. The company recently began implementing the first of its Self-Driving Money™ services to automate your savings plan so you don’t need to worry about monitoring accounts and moving money around. To learn more please visit wealthfront.com or download the app on the App Store or Google Play.
Mar 12, 2021
Atom Finance Founder Eric Shoykhet - Building For The Retail Investor and Debating PFOF
00:29:04
In today's episode, Ryan Zauk sits down with Eric Shoykhet, Founder & CEO of Atom Finance. Atom Finance is the fastest-growing investment research & portfolio management platform, backed by the likes of Greycroft, General Catalyst, and FlatIron’s Zach Weinberg. Think of it as the "Bloomberg Terminal" for the retail investor and prosumer. Their DAU has grown over 300% since the pandemic. While working on Wall Street, Eric identified the massive information gap between enterprise platforms like CapIQ, and what was available to retail investors. Atom Finance was founded in 2018 to close this gap, empowering any investor with the tools typically reserved for Wall Street professionals. Eric and Ryan discuss: 3:13 - His journey from Wharton to one of the top groups on Wall Street, to investing, to starting his own venture 6:55 - Atom Finance and its key features to equip retail investors with better information 10:40 - How Eric thinks about building products for the many different types of investors 12:50 - Their "freemium" model 14:30 - The start of a 10-minute discussion on Robinhood, the dark side of PFOF, retail trader psychology, and its implications for his users 25:08 - His thoughts on Public.com's tipping model 27:00 - A rapid, rapid-fire question round For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 10, 2021
The Broken Credit Reporting System - National Consumer Law Center Attorney Chi Chi Wu
00:31:02
Happy International Women's Day! In today's episode, Ryan Zauk sits down with Chi Chi Wu, Attorney at The National Consumer Law Center. Since 1969, the nonprofit National Consumer Law Center has used its expertise in consumer law and energy policy to work for consumer justice and economic security for low-income and other disadvantaged people in the U.S. Chi Chi is a Harvard Law Grad who fights for consumer protections in Massachusetts, Washington DC, and around the country, with a focus on credit reporting, credit bureaus, and medical debt. In today’s episode, Chi Chi and Ryan discuss: - The Fair Credit Reporting Act's strengths and weaknesses - The Big 3 Credit Bureaus...what’s broken, and how we can fix it - Pros and cons of the new alternative data boom - COVID's devastating effects on individual credit - Her hopes for the new CFPB and administration and much more! For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 08, 2021
Gamifying Millenial Personal Finance - Lindsay Holden, Co-Founder & CEO of Long Game
00:18:01
In today's episode of the Wharton Fintech Podcast, Anchit Gupta (WG'21) is joined by Lindsay Holden, Co-Founder & CEO of Long Game. Long Game is a gamified personal finance app for Millenials that encourages saving through fun rewards and cash prizes. Before starting Long Game, Lindsay Holden co-founded the Applicant Auction, the primary auction for Top Level domain names, which held over $500M in auctions before being acquired. Before that, she helped launch Formation 8, a venture capital firm with over $1B under management. Ms. Holden holds a B.S. in Chemical Engineering and an MBA from the University of Colorado, Boulder. In this interview, Lindsay shares: - Her motivation behind launching Long Game - The many financial planning problems faced by Americans & how Long Game is working to solve these issues - Their typical customers and how Long Game can help them - The toughest parts of being a founder and launching Long Game - The future product pipeline for the company and much more! For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 07, 2021
Fintech Collective's Brooks Gibbins & Gareth Jones - Partnering with Persistent Visionaries
00:36:36
Miguel Armaza is joined by two great guests, Brooks Gibbins and Gareth Jones - Managing Partners and Co-Founders of Fintech Collective, a global early-stage venture capital firm focused on technology startups with the potential to reimagine financial services. We discuss: - Their entrepreneurial background and why they eventually decided to switch from operators to investors - Challenges of launching a Fintech focused fund in 2012 - Their decision to invest beyond the US and why they are excited about fintech in Latin America and other emerging markets - Why they are particularly proud of their weekly newsletter - Their investment strategy and what gets them excited to invest in a startup - And a nice story of how they helped our very own Wharton Fintech Club just as we were getting started almost seven years ago Brooks Gibbins Brooks is a co-founder and Managing Partner of FinTech Collective. Prior to becoming a venture capitalist, Brooks had a successful career as an entrepreneur and global operating executive in capital markets, payments, and enterprise tech. He was a key executive and officer at New York-based Multex, which successfully IPO’d and exited to Reuters; London-based Serverside, which successfully exited to Gemalto; and Oslo-based FAST, which successfully exited to Microsoft for over $1b. Brooks began his career as an enterprise software developer. Brooks completed Harvard Business School’s program for Management Development and graduated from Williams College with distinction. Gareth Jones Gareth is co-founder and Managing Partner of FinTech Collective. Prior to becoming a venture capitalist, Gareth was a successful entrepreneur and business leader, who helped build and sell three category-leading fintech companies. These included Multex, which IPO’d and then successfully sold to Reuters; Serverside, which successfully sold to Gemalto, a European digital security company; and CardLab, which was successfully acquired by Blackhawk Networks, a global leader in prepaid gift, reward and incentive technologies and solutions. Prior to starting his career in fintech, Gareth spent three years ‘double handing’ a 36ft sailing boat 33,000 nautical miles from the UK to the Antarctic circle. Gareth has completed Columbia Business School’s Senior Executive Program and graduated from the University of the West of England with a BSc. Honours Degree. About Fintech Collective FinTech Collective is a global early-stage venture capital firm focused on technology startups with the potential to reimagine financial services. The firm, founded in 2012, has deep experience investing across capital markets, wealth management, banking, lending, payments, insurance, and crypto/blockchain. The managing partners of FinTech Collective met in their mid 20’s and then helped build, scale and sell four fintech businesses generating over $1.5 billion of shareholder value. Backed primarily by institutional investors and a small handful of tier-one financial institutions from around the world, FinTech Collective has invested in 43 portfolio companies and is currently investing out of its third fund, a $150m+ early-stage fund. Some notable investments include Anyfin (Stockholm), Axoni (NYC), Flutterwave (Africa), IMMO Capital (London), Minka (Latin America), MoneyLion (NYC), NYDIG (NYC), Ocrolus (NYC), Quovo (NYC, acquired by Plaid) and Vestwell (NYC).
Mar 05, 2021
Commonstock CEO David McDonough - Empowering Everyday Investors and Building An Investing Community
00:31:09
“If Robinhood exists to democratize markets, Commonstock exists to democratize information.” Ryan Zauk sits down with Commonstock Founder & CEO David Mcdonough to learn how Commonstock is creating a community that amplifies insights from top investors, backed by the performance and portfolio of their linked brokerage accounts. Community members can link their existing brokerage accounts and share their real-time portfolio, performance, and trades (by percent only - $ amount is never shared), while sharing detailed investment theses, industry takedowns, and more. The idea has attracted investors such as Social Capital, Floodgate, and WFT favorite Frank Rotman of QED. The community has exploded over the past year, with professional investors writing highly detailed memos and users heavily engaged. They discuss: - His authentic journey to founding Commonstock and why he was the 'Rudy of Private Equity' - The amazing Commonstock community, its network effects, and growth - The Robinhood and Gamestop fiasco and how learning Robinhood’s business was like seeing the green binary codes in the matrix - Plus a rapid-fire round with some of his amazing stock successes (and some misses caused by paper hands) Check out Commonstock here: https://beta.commonstock.com/login For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Mar 03, 2021
Milind Mehere, YieldStreet Founder/CEO - Transforming Digital Wealth Management
00:33:48
Miguel Armaza is joined by the fascinating Milind Mehere, serial entrepreneur, and Founder/CEO of YieldStreet, a digital wealth management platform that aims to transform the investing landscape by enabling individual investors to invest in classes such as Real Estate, Marine Finance, Art Finance, Legal Finance, and Commercial loans. The company has raised over $180M in equity and debt from top VCs including Edison Partners, Greycroft, and Raine Ventures. They discuss: - His successful entrepreneurial journey and the path to Yieldstreet as a second-time founder - Company Culture - Challenges of building an investing platform and disrupting an industry traditionally reserved for the wealthy - Leveraging regulatory opportunities for a new asset class - The incredible impact of COVID on the business - And a lot more! Milind Mehere Milind Mehere is an award-winning entrepreneur with a track record of building large scalable businesses and creating new product categories. He is the founder and CEO of YieldStreet, a digital wealth management platform changing the way financial products are delivered and how wealth is created. Previously, Milind co-founded and scaled Yodlee (an ad-tech platform for SMBs) to $200M+ in revenue and 1,400 employees - the company was acquired by Web.com for $342M in 2016. About Yieldstreet YieldStreet is striving to become the world’s largest digital wealth management platform to change the way wealth is created. YieldStreet is accomplishing this by transforming the investing landscape, opening up access to investments for individual investors across a range of asset classes such as Real Estate, Marine Finance, Art Finance, Legal Finance and Commercial loans. Headquartered in New York City with offices in Brazil, Argentina and Greece, the company is backed with $178M in equity and debt funding from firms including Edison Partners, Greycroft and Raine Ventures. Join the movement at www.yieldstreet.com.
Mar 01, 2021
Aquiline’s Vincenzo La Ruffa - Driving Value Creation in Financial Services
00:26:16
Aquiline’s Vincenzo La Ruffa - Driving Value Creation in Financial Services Miguel Armaza sits down with Vincenzo La Ruffa, President of Aquiline Capital Partners and head of their financial technology group. Aquiline was founded in 2005 and is a private investment firm based focused on businesses across the financial services sector with almost $6B in assets under management. Vincenzo is also a proud alum of our amazing Wharton and Penn school. We talked about - Vincenzo’s career path - Fintech trends and exciting opportunities - Their approach to partnering with entrepreneurs - Stories and case studies from some of their exciting portfolio companies - Challenges as an investor during COVID - Identifying Fintech opportunities in a fast moving and fast changing market - Private Equity as a career - And why he still loves reading physical books! Vincenzo La Ruffa Vincenzo is president of Aquiline. Vincenzo also heads the financial technology and services group and serves on the investment committees for the AFS, ATG and ACO fund families. Prior to joining Aquiline in 2014, Vincenzo was managing director of Susquehanna Growth Equity, a group he co-founded, where he invested in financial technology, healthcare IT and software companies across the US, Europe and Israel. Vincenzo currently serves on the boards of portfolio companies Ascensus and HedgeServ. He previously was on the boards of Simply Business (sold to Travelers), Togetherwork (sold to GI Partners), Fenergo (realized in 2018 recapitalization) and BISAM (sold to FactSet); his prior investments include The Logic Group (sold to Barclays), 29West (sold to Informatica) and Managed Markets Insight and Technology (sold to Welsh Carson). Vincenzo serves as a trustee of the Collegium Institute on Catholic Thought and Culture at the University of Pennsylvania, Delbarton School, the Montfort Academy, the National Catholic Bioethics Center, and the Regina Angelorum Academy. About Aquiline Capital Partners LLC Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across the financial services sector in financial technology, insurance, investment management, business services, credit and healthcare. The firm has $5.6 billion in assets under management as of September 30, 2020. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit aquiline.com.
Feb 28, 2021
Corvus Insurance CEO Phil Edmundson - Making Commercial Insurance Smarter through AI
00:33:03
In our latest episode of the Wharton Fintech podcast, Anchit Gupta (WG'21) is joined by Phil Edmundson, CEO & Founder of Corvus Insurance. Founded in 2017, Corvus is a leading provider of smart commercial insurance products powered by AI-driven risk data. Corvus finished 2020 at a $100M annual premium run rate, capping off a year that was marked by meteoric growth for the company. In addition to Corvus, Phil is also the Managing Partner of Edmus Ventures where he invests in InsurTech companies including Verifly/Thimble, Wellthie, Agentero, Cover Wallet, Openly, and CoPatient. In this interview, Phil shares: - The state of the cyber-insurance industry - Corvus's core products and services - Using AI/ML to improve risk management tools - The biggest challenges facing cybersecurity - COVIDs impact on cybersecurity and insurance - Emerging trends in the insurtech industry For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Feb 26, 2021
11:FS Co-Founder Simon Taylor - The State of Crypto, CBDCs, NFTs, and Clubhouse!
00:36:58
Worlds collide today as the two gold-standards of fintech content come together on the Wharton Fintech Podcast. Ryan Zauk sits down with Simon Taylor, Co-Founder and Head of Ventures at 11:FS, a challenger consultancy and emerging fintech empire. They help the world’s top founders build financial services products, conduct highly customized market research, bring PMs behind the scenes of various fintech applications, and of course have their own media arm. In today’s episode, Simon and Ryan dive into: 7:00 - His journey through fintech and how 11:FS is building the industry's top challenger consultancy 12:00 - The current state of the crypto market and if it has finally 'crossed the chasm’ 17:00 - The power of stablecoins and interest-bearing accounts (BlockFi, Celsius, etc) 22:54 - NFTs, sports memorabilia, and NBA top shot 28:10 - Their thoughts on Clubhouse 31:40 - And a very fun rapid-fire round including his favorite follows on Twitter For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Feb 24, 2021
Y Combinator's Michael Seibel & Dalton Caldwell - Lessons from 5000 Entrepreneurs
00:39:01
Miguel Armaza is joined by Michael Seibel and Dalton Caldwell, Managing Directors and Group Partners at Y Combinator (YC). YC is one of the most successful startup accelerators and venture capital funds, and since March 2005 has helped over 5,000 startup founders build and launch companies like Stripe, AirBnB, DoorDash, Dropbox, Reddit, and the list goes on and on… This was a fascinating conversation and Michael and Dalton talked about lessons learned from their years of experience with YC, what they look for in a founding team, and why they are so passionate about helping entrepreneurs. We also touched on their decision to expand beyond the US to back entrepreneurs from all over the world, and the fascinating network effects this has created. Dalton and Michael also shared lessons learned from working with over 200 Fintech companies, including Brex, Stripe, and Coinbase. And some of the Fintech trends they are excited about. Finally, we could not end this conversation without talking about the state of diversity in the industry and hearing what Michael has to say about it Plus a lot more golden nuggets of information! Michael Seibel Michael Seibel is the Managing Director, Early Stage and Group Partner at YC. He was the cofounder and CEO Justin.tv and Socialcam. Socialcam sold to Autodesk in 2012 and under the leadership of Emmett Shear, Justin.tv became Twitch.tv and sold to Amazon in 2014. Before getting into startups, he spent a year as the finance director for a US Senate campaign and in 2005, Michael graduated from Yale University with a BA in political science. Dalton Caldwell Dalton Caldwell is the Managing Director, Architect and Group Partner at YC. He was the cofounder and CEO of imeem (acquired by MySpace in 2009), and the cofounder and CEO of App.net. He has a BS in Symbolic Systems and a BA in Psychology from Stanford University. About Y Combinator Y Combinator is a startup fund based in Mountain View, CA. In 2005, Y Combinator developed a new model of startup funding. Twice a year they invest a small amount of money in a large number of startups. The startups move to Silicon Valley for 3 months, and the YC partners work closely with each company to get them into the best possible shape and refine their pitch to investors. Each batch culminates in Demo Day, when the startups present their companies to a carefully selected audience of investors. Y Combinator has invested in over 3,000 companies including Airbnb, Dropbox, Stripe, Reddit, Instacart, Docker and Gusto. The combined valuation of YC companies is over $300B. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp
Feb 22, 2021
Manuel Silva, General Partner at Mouro Capital - Fueling the Fintech Innovators
00:26:05
Miguel Armaza sits down with Manuel Silva, General Partner at Mouro Capital, a venture capital fund with $400m assets under management, looking to back the most innovative fintech innovators and startups across North America, Latin America, and Europe. We talked about: - Manuel’s career path and what led him to venture capital - History of Mouro Capital and why they recently decided to spin out of Santander Bank - Mouro’s investment strategy - Investing in global fintech – regions and markets where they see the biggest opportunities (hint: Latin America) - Navigating COVID - and a lot more! About Mouro Capital Mouro Capital is a venture capital firm with $400M assets under management that targets early to growth fintech investment opportunities across Europe, North America and Latin America.
Feb 21, 2021
Dan Rosen, Founder of Commerce Ventures - Powering the Future of Commerce
00:33:59
Miguel Armaza sits down with Dan Rosen, Partner and Founder of Commerce Ventures, a sector-focused VC fund, investing in infrastructure and enablers for the Commerce Continuum Dan is also an alum of our very own, Wharton School. We talked about - Dan’s background and why he decided to build Commerce Ventures - The evolution of the fintech industry over the last 20 years - Commerce Ventures investment process - Their approach to building sector theses - The importance of talent, diversity, and mentoring future generations - And a lot more! About Dan Rosen Dan Rosen Partner Dan has been investing in tech startups for 20 years. He founded Commerce Ventures with the vision of creating a sector-focused firm that demonstrably helps its portfolio companies. At Commerce, Dan focuses on technology innovations in the payments, financial services and insurance fields. He serves on the boards of Blooom, ClickSWITCH, Kin and Socure, and participates as an observer on several other portfolio boards, such as BillGO and MX Technologies. Prior to starting Commerce Ventures, Dan was a Principal at Highland Capital Partners, where he focused on mobile and payments-related startups. He has also worked as an Associate at HarbourVest Partners, in Corporate Development at RSA Security, and as a financial services software consultant for American Management Systems (now CGI Group). Dan studied Finance and Information Systems at the University of Pennsylvania and earned an MBA with Distinction from Harvard.
Feb 19, 2021
Mike Dudas, 'The Block' Founder and Paxos VP: Crypto, Venmo vs. CashApp, Andrew Yang, and More
00:34:53
Ryan Zauk sits down with one of the crypto world's most popular figures, Mike Dudas. Mike navigated a long career spanning Disney, Google, Venmo, and Circle before founding The Block, one of the world's premier research and news sources for all things crypto and blockchain. Mike recently stepped back into a Chairman role at The Block, moving to Paxos as their VP of Stable Coin Business Development. The Block: https://www.theblockcrypto.com/ On today's episode, Mike and Ryan discuss: - The Venmo / CashApp battle of the last few years (6:45) - When Mike first learned about Bitcoin and realized its massive potential (10:50) - The new wave of DeFi and how this technology will disrupt incumbents (14:04) - The Block and why its model will be the business model of the future (17:00) - How he went about deciding to build The Block with no journalism experience (22:05) - His passionate, outspoken support for Andrew Yang for Mayor of NYC (24:30) - And a great rapid-fire round (28:30) For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Feb 17, 2021
Alexa von Tobel, Co-Founder at Inspired Capital - Bucking the Status Quo
00:34:31
Miguel Armaza sits down with the talented and energetic Alexa von Tobel, Co-Founder and Managing Partner at Inspired Capital, a $200M early-stage venture capital firm based in New York City, focused on backing founders with transformative ideas, brilliant teams, and relentless determination. The firm was founded by Alexa and Penny Pritzker, former U.S. Secretary of Commerce. Prior to Inspired Capital, Alexa founded LearnVest with the goal of helping people make progress on their money and later sold the company to Northwestern Mutual for $375M. We talked about - Alexa’s background & entrepreneurial journey - Why she dropped out of Harvard Business school to build LearnVest - What it really means to be the CEO of a large company and why she decided to sell her business - The reason why she loves hosting her own podcast, The Founders Project, and what led her to write two books - Working with President Obama - The importance of having a supportive spouse - And a whole lot more! Alexa von Tobel Alexa is the co-founder and managing partner of Inspired Capital. Prior to Inspired Capital, she founded LearnVest in 2008 with the goal of helping people make progress on their money. After raising nearly $75 million in venture capital, LearnVest was acquired by Northwestern Mutual in May 2015 in one of the biggest fintech acquisitions of the decade. Following the acquisition, von Tobel joined the management team of Northwestern Mutual as the company’s first-ever Chief Digital Officer. She later assumed the role of Chief Innovation Officer through which she oversaw Northwestern Mutual’s venture arm. Alexa, who holds a Certified Financial Planner™ designation, is the New York Times-Bestselling Author of Financially Fearless and Financially Forward. She is also the host of The Founders Project with Alexa von Tobel, a weekly podcast with Inc. that highlights top entrepreneurs. Alexa is a member of the 2016 Class of Henry Crown Fellows and an inaugural member of President Obama’s Ambassadors for Global Entrepreneurship. She has been honored with numerous recognitions including: a Forbes Magazine cover story, Fortune’s 40 Under 40, Fortune's Most Powerful Women, Inc. Magazine's 30 Under 30, and World Economic Forum's Young Global Leader. Originally from Florida, Alexa attended Harvard College and Harvard Business School before settling in New York City where she currently resides with her husband, Cliff, and three children, Toby, Cashel, and Rosey. About Inspired Capital Inspired Capital is a $200M early-stage venture capital firm based in New York City. Inspired backs founders with transformative ideas, brilliant teams, and relentless determination. The firm was founded by Alexa von Tobel, who previously founded LearnVest, and Penny Pritzker, founder and chairman of PSP Partners who served as U.S. Secretary of Commerce. By leveraging deep experience across consumer and enterprise technology, the firm invests in tech-advantaged, capital efficient businesses, striving to help them become category-defining companies. For more information, visit www.inspiredcapital.com.
Feb 15, 2021
From LendIt Fintech LatAm 2020: Pierpaolo Barbieri, Founder & CEO of Ualá
00:29:07
This episode comes from the LendIt Fintech Latam 2020 conference. It features Miguel Armaza’s conversation with Pierpaolo Barbieri, Founder & CEO of Ualá, one of the fastest-growing fintechs in Latin America. We discuss: - Digitization of cash and the incredible progress of mobile wallets in Latin America. - The role of the regulator and why some governments are starting to embrace the fintech industry. - Fueling e-Commerce – how fintech companies are bringing millions of new users to transact online. - Open Banking and the future of fintech in Latam. - And a lot more... About Ualá Ualá is a fintech company whose mission is to bring Latin American financial services into the 21st century. Through an app and an international Mastercard, it offers an innovative and integrated experience. It also brings the unbanked into the financial system by offering cheaper and more convenient services than any other alternative. It was founded by the Argentine entrepreneur Pierpaolo Barbieri and launched in October 2017 in Argentina and in September 2020 in Mexico. With more than 2 million cards issued, it is available throughout Argentina for anyone above 13 and Mexico for anyone above 18, both for Android and iOS.
Feb 14, 2021
Valentine's Special: Couples Finance 101 - Strategies, Wisdom, Prenups, and More with Neale Godfrey
00:33:17
Welcome to a very special Valentine’s Day episode of the Wharton FinTech Podcast! Today, Ryan Zauk sits down with the always-entertaining NYT Bestseller and Oprah collaborator, Neale Godfrey, to discuss Love and Money. Neale and Ryan dive into: 3:20 - The disasters that can arise from delaying that money conversation until marriage 7:30 - Strategies and tips for having the conversation 9:30 - How to split your finances in single and dual-income couples without building resentment 18:00 - A lot about prenups 27:40 - How to file taxes if one person is an entrepreneur At the end, Ryan shares a few fintech apps tackling this problem as well as the Top 10 Couples Money Tips from Fintech Today's Julie Verhage-Greenberg, who crowdsourced her best nuggets of advice from the FTT community. Links: Deeper breakdown in Ryan's Medium Article: medium.com/wharton-fintech Neale's Previous Episode on Fighting For Financial Literacy: https://tinyurl.com/2uvr47je Mentioned Prenup WSJ Article: https://tinyurl.com/y49nv9zc -- WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/
Feb 12, 2021
Ben Narasin, Venture Partner at NEA – Navigating IPOs, Fintech Investing, & Guiding Founders
00:38:15
Miguel Armaza sits down with the fascinating Ben Narasin, Venture Partner at New Enterprise Associates (NEA), a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. Founded in 1977, NEA has received nearly $24 billion in cumulative committed capital since day one. Ben is not only a prolific investor but also a celebrated founder who launched fashionmall.com in 1993 and took the company public six years later. We talked about - Ben’s journey and entrepreneurial ambitions - A deep dive into his experience taking FashionMall public via IPO and the challenges it entails - The transition from entrepreneur to investor - The elements he looks for in every founder and how COVID has influenced his investment process - And plenty of stories and anecdotes from his exciting journey! Ben Narasin Ben Narasin is a Venture Partner at NEA. A prolific entrepreneur and highly regarded early-stage investor with three decades of company-building expertise, Narasin has focused on emerging technologies and new markets throughout his investment career. With a portfolio comprising key early successes in some of today’s fastest-growing sectors, such as fintech, digital marketplaces, mobile and connected devices. His overarching focus in seeking new investments is, in his words, “to find founders who make me say wow.” Narasin is a 25-year entrepreneur and 10-year early-stage investor. His knack for spotting emerging trends led him to make seed investments in companies like Dropcam, Lending Club, TellApart, Kabbage and Zenefits. Before NEA, Narasin most recently served as a General Partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm’s seed funding investment activities. Like many of NEA’s partners, Narasin’s path to investing is rooted in entrepreneurship. He founded several consumer companies before launching his investing career, including Fashionmall.com, one of the first e-commerce companies, which he founded in 1993 and led to a successful IPO in 1999. Narasin frequently writes and speaks about technology and investing, as well as food and wine, a lifelong passion. He holds a B.A. in Entrepreneurial Studies from Babson College. About NEA New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $24 billion in cumulative committed capital since the firm's founding in 1977, NEA invests in technology and healthcare companies at all stages in a company's lifecycle, from seed stage through IPO. The firm's long track record of successful investing includes more than 230 portfolio company IPOs and more than 390 mergers and acquisitions. www.nea.com.
Feb 10, 2021
Farewill CEO Dan Garrett - Revolutionizing Wills, Probates, and How We Deal With Death
00:30:30
On today’s episode, WFT covers one of the two certainties of life…and no, we’re not talking about taxes. Ryan Zauk is joined by Dan Garrett, Founder & CEO of Farewill, the UK fintech radically changing the way we deal with death (from the financial side, of course). You might be asking, what does death have to do with fintech? Well, 1 Trillion Pounds of assets will be transferred intergenerationally in the next decade in the UK alone. And wills are the primary method of transfer. Farewill is the first company offering a friendly, simple, D2C website to set up wills, probates, funerals measures, and more for a fraction of the cost of your local lawyer. Farewill has become the largest will-writer in the UK while maintaining an astounding NPS of 85. Last year, Farewill raised 20 million pounds from a top list of investors including Highland Europe, the CEOs of Transferwise and Headspace, and former Wharton FinTech guests Tim Levene of Augmentum Fintech and Michael Sidgmore of Broadhaven. In this fun episode, Dan and Ryan discuss: - Dan’s inspiring mission to change the way we handle death - The funniest things he’s seen in a will...it involves a Karen (Starts at about 13:30) - Farewill’s core products and why they have been so successful - Marketing a product nobody wants to think about (with the help of rugby legend Gareth Thomas) - Why ‘death tech’ was so ripe for disruption thanks to private equity and a lack of innovation - And the absolutely stunning canary in a coalmine he saw at the start of COVID. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Feb 08, 2021
US Credit Market Year in Review with Erin (Welter) Lyons, Head of US IG at CreditSights
00:29:06
In today's episode, Ryan Zauk sits down with Erin (Welter) Lyons, W'01, Head of US Investment Grade Credit at CreditSights. Creditsights is one of the top credit research firms in the world serving the world’s top institutions, family offices, and more while producing over 300 research reports a month. Erin and Ryan discuss: - Her journey from Wharton, to Wall Street's top institutions, to landing at CreditSights - What she saw during the COVID crisis, especially March 15 - April 15, how her team tackled the problem, and how the outcomes really surprised her - The incredible power (and transparency) of the Fed's "Bazooka" COVID response, and how it saved the markets - The massive search for yield occurring in the fixed income market - Her approach to analyzing credit products - Her outlook on the coming year for markets, including potential implications of a Biden administration - The reasons they were just bought by Fitch and their own investment in Singapore Fintech "Alphastream" - "Throwing Toast" at Penn and more! For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Feb 07, 2021
Miami Mayor Francis Suarez – Bringing Silicon Valley to Miami!
00:14:21
In today’s episode, co-hosts Ryan Zauk and Miguel Armaza sit down with tech’s most beloved politician, Mayor Francis Suarez of Miami. For those not familiar, in 2020 numerous prominent VCs and founders began a great migration to Miami. On Twitter, Founders Fund's Delian Asparouhov tweeted "What if we moved Silicon Valley to Miami?" Mayor Suarez then tweeted 4 now famous words - "How Can I Help?" And the rest is history. Ryan, Miguel, and Mayor Suarez discuss the past, present, and future of Miami, his big ideas for crypto, Softbank's $100M commitment to Miami, how he's been investing in tech long before 2020, and much more. Ryan and Miguel left the episode convinced - Miami is not having a moment, it’s starting a movement. Vamos! For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Feb 05, 2021
Entrepreneurship Lessons with Brian Requarth, Co-Founder of VivaReal & Latitud
00:39:37
Miguel Armaza sits down with Brian Requarth, a seasoned entrepreneur who in 2009 launched the Brazilian real estate marketplace, Viva Real, successfully grew the business over the following decade, and sold it in 2020 for over half a billion dollars. His recently-published book Viva the Entrepreneur is a fascinating modern guide designed to inspire and inform current and aspiring Latin American entrepreneurs. However, the book is just as applicable to founders from Silicon Valley to rest of the globe. Humble and often funny, Brian’s reflections of his own journey help humanize the perception and mystique behind successful tech entrepreneurs. The book is unequivocally straightforward and Brian is not afraid to celebrate his successes. But perhaps more importantly, he is also willing to reflect on his mistakes. In fact, one of the biggest takeaways from Viva the Entrepreneur is that successful founders use mistakes as learning opportunities and grow from these experiences. Perhaps my favorite aspect of the book is that Brian lays out incredibly important lessons for entrepreneurs, but he doesn’t just teach you the theory, he also illustrates every lesson with countless examples from his own experience. From balancing your personal life, managing your relationship with your co-founders, recruiting a team, building and scaling a product, fundraising and dealing with investors and board members, and even the importance of taking care of your mental and physical health. Finally, Mr. Requarth is putting his money where his mouth is. Because he sees tremendous opportunity in Latin America, Brian recently co-founded Latitud, an accelerator to help Latin America's top thinkers and doers build the next generation of world-class tech companies. If you are even remotely interested in entrepreneurship, I encourage you to take a look at Brian’s book - Viva the Entrepreneur. You can also catch Brian on his own show, Latitud Podcast, where he sits down with the biggest innovators and tech founders in Latin America.
Feb 03, 2021
James Paris, CEO of Avant - Pioneering Online Credit
00:38:03
Miguel Armaza sits down with James Paris, CEO of Avant, one of the pioneer in online lending dedicated to providing banking solutions for the US middle. Since 2012, Avant has served over 1.5 million customers with over $6.5 billion in loans and 400,000 credit cards. The company has also raised over $600 million of equity capital from General Atlantic, JP Morgan, Peter Thiel, Ribbit Capital, DFJ, Tiger Global, QED, August Capital, and many more! We talked about: - James’ background as a traditional investment banker - The story behind Avant - Their decision to spin out Amount, a SaaS business - His thoughts on the evolution of the fintech lending and underwriting space - Talent and company culture - Why you should always be nice to your interns and junior employees - And a whole lot more! About Avant Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service. Since 2012, Avant has connected over 1.5 million customers to $6.5 billion in loans and to 400,000 credit cards. A high growth financial technology company, Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg, and has raised over $600 million of equity capital. Visit www.avant.com for more information.
Feb 01, 2021
Ben Savage & Adriana Saman from Clocktower Technology Ventures – Reinventing Financial Services
00:43:08
Miguel Armaza sits down with Ben Savage and Adriana Saman, from Clocktower Technology Ventures, a fintech-focused venture capital fund that’s also the technology investing affiliate of Clocktower Group, a global macro investment firm. Ben is a fintech entrepreneur turned investor with an MBA from Stanford University and Adriana got her Bachelors from our very own University of Pennsylvania. We discussed: - Their backgrounds and what led them to Venture Capital - Clocktower’s investment strategy and approach - Their decision to focus on fintech and why they are excited about the reinvention of financial services - Why they have invested beyond the United States, with a particular emphasis on Latin America - Navigating COVID - Their outlook for the road ahead of the industry - And a lot more! Ben Savage Ben manages Clocktower Technology Ventures and is responsible for all of Clocktower Group’s private market activities. Ben was previously Director, Investment Associate Program for Bridgewater Associates, where he worked with the firm’s CIOs on strategic priorities, talent development and research. Ben began his career as a VC and private equity investor with Wasserstein Perella. Ben also co-founded Artivest fka Resonance Funds, an online issuer of actively-managed exchange traded vehicles, as well as Waterfall Mobile. Ben holds an MBA from the Stanford Graduate School of Business and a BA in philosophy from Yale University. Ben lives in Bel Air with his wife and two young children. Adriana Saman Adriana focuses on deal sourcing, diligence, and execution. Prior to Clocktower, Adriana was a Strategy Associate in Chase’s Digital Payments team where she worked closely with all consumer-related payment products to develop consolidated roadmaps, business cases, and strategic initiatives. Before joining Digital Payments, she worked at J.P. Morgan as an Investment Banking Analyst focusing on M&A transactions across Latin America. Adriana is originally from Ecuador and holds a BA in Political Science from the University of Pennsylvania. About Clocktower We partner with phenomenal entrepreneurs who have the vision and drive to reinvent financial services, investing from the earliest seeds of startup life to businesses scaling for growth. We support leading companies across all sectors of financial services, including lending, credit & banking, payments, insurance, capital markets & investments, personal finance, enterprise financial stack and real estate finance. Our distinctive approach to fintech venture capital is crafted around a curated network of global macroeconomic thinkers and investors. Launched in 2015, Clocktower Technology Ventures is the technology investing affiliate of Clocktower Group, a global macro investment firm. CTV is based in Santa Monica, CA and invests worldwide.
Jan 31, 2021
Did Fintech Save Minority-Owned Businesses in the PPP? With NYU's Dr. Sabrina Howell
00:35:20
Ryan Zauk sits down with NYU Stern's Dr. Sabrina Howell to discuss her most recent paper titled 'Which lenders had the highest minority share among their PPP loans?' Though the answer may not surprise you, the data, methodology, reasoning, and implications might. In the wake of the PPP, there was a lot of scrutiny into who was getting (and not getting) access to crucial government aid. Gatekept by financial institutions, from Wells Fargo to fintechs, small businesses were at the mercy of institutions. So it begged the question, who did these institutions choose to allocate their money to? And did the data differ across institution types and loan applicants? If so, why? Professor Howell, her colleagues, and a consortium of partners set out to dig into the data, with a focus on who was lending to minority-owned businesses. In today’s episode, Ryan and Dr. Howell discuss: 4:40 Her previous research in ICOs and the ‘joke’ ICO she saw that hit $15M in market cap (it's even stranger than Doge Coin) 8:07 The basics of the PPP and the abstract of her paper 11:21 Why Fintechs were able to more effectively lend to minority-owned businesses, and why this giant lending gap existed 15:50 What data they used to triangulate the race of business owners 17:48 How the PPP can be a turning point for Fintechs to build relationships with small businesses 21:10 What the government, fintech, and small business should take away from the PPP 25:00 Her two key recommendations for the ‘next PPP’ 28:07 What’s taught in her NYU fintech class The Paper: http://nebula.wsimg.com/c26ae478f12bf4a15666ac250c259240?AccessKeyId=1EB5B81197329425B7C4&disposition=0&alloworigin=1 For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Jan 29, 2021
Jackie Reses - Leadership Lessons, Fintech Innovation, & Helping Small Businesses
00:38:48
Miguel Armaza sits down with Jackie Reses, former Head of Square Capital, current Chairman of the Economic Development Council of the Federal Reserve of San Francisco, board member of Affirm and Wish (Context Logic), and all-around business and fintech leader. Some of her past roles also include Chief Development Officer at Yahoo and Board member of Alibaba. She’s also a proud alum of our very own Wharton School. We talked about - Jackie’s upbringing and professional background - Why she describes Wharton and the University of Pennsylvania as a place that saved her life - The meaningful lessons she learned while working at Goldman Sachs, Apex Partners, and Yahoo - Key reflections from her experience as an Alibaba board-member and what we can all learn from Chinese entrepreneurs - What drove her decision to join Square and why she fell in love with its culture - The incredibly impactful experience of the Square Capital team navigating COVID and the complex dynamics of launching a PPP product in record-time - Her outlook of the road ahead and what’s next for Jackie - And a whole lot more! Jackie Reses Ms. Reses is the CEO of Post House Capital and Chairman of the Economic Advisory Council of the Federal Reserve Bank of San Francisco. She previously led Square Capital, part of Square Inc., where she built the business and transformed the ability of small businesses in the US to access credit. She was also the Executive Chairman of Square Financial Services, an approved FDIC-insured bank owned by Square Inc. and the first industrial bank in the US started by a technology company. Prior to Square, Jackie was the Chief Development Officer for Yahoo and the head of the US media group at Apax Partners, one of the largest global private equity firms. Jackie also spent seven years at Goldman Sachs in mergers and acquisitions and the principal investment area. Jackie is a member of the Board of Advisors of the Wharton School of the University of Pennsylvania and serves on the Advisory Board of Wharton's Stevens Center for Innovation in Finance, its fintech center, which is chaired by Mr. Stevens. Jackie also serves on the boards of Affirm and Wish (Context Logic). Jackie received a bachelor's degree in economics with honors from the Wharton School of the University of Pennsylvania.
Jan 27, 2021
Sam Bobley, Co-Founder and CEO of Ocrolus - Transforming Documents into Data Analytics
00:32:13
Miguel Armaza sits down with Sam Bobley, Co-Founder and CEO of Ocrolus, an infrastructure company that transforms documents into data analytics with incredible accuracy designed to help financial services companies make high quality decisions at unprecedented speed. Sam started building Ocrolus in his parent’s kitchen when he was only 22 and seven years later, the company employs nearly 1,000 people globally and has raised close to $50 million in equity from top VC funds, including Stage 2 Capital, QED, Fintech Collective, Oak HC/FT, and Bullpen Capital. We talked about: - Company origins - Sam’s entrepreneurial journey - Strategies on building and hiring the initial team - Finding product-market fit and how he decided to shift and expand his client base - The fast-changing and fast-moving fintech ecosystem - Entrepreneurial advice - And a whole lot more Sam Bobley Sam started building Ocrolus in his parent’s kitchen when he was 22-years-old. Six years later, the company employs nearly 1,000 people globally, spread across four offices. As Ocrolus matured, Sam authored a patent application and helped raise more than $30 million in venture capital. He was named to Forbes 30 Under 30 in Finance, Class of 2020. About Ocrolus Ocrolus is a human-in-the-loop infrastructure company that transforms documents into data analytics with over 99% accuracy. Ocrolus technology is designed to help financial services companies make high quality decisions with trusted data and unprecedented speed. Inc. Magazine recognized Ocrolus as the #1 fastest-growing fintech nationwide, and the #1 fastest-growing software company in NY. Visit ocrolus.com to learn more.
Jan 25, 2021
Samir Chaïbi, Investor at Insignia Ventures - Fintech in Southeast Asia
00:22:27
Miguel Armaza sits down with Samir Chaibi, investor at Insignia Ventures Partners, a Southeast Asian growth and venture investing fund with over $350 million in assets under management, where he specifically focuses in backing fintech startups. Prior to Insignia, Samir spent many years working around the world and got his MBA at our Wharton School. We discussed: - Samir’s background and his path to venture capital - Company history for Insignia Ventures Partners, their investment thesis, and a bit about the portfolio companies - The evolution and current state of the fintech ecosystem in Southeast Asia - The surprising parallels between fintech in Latin America and Southeast Asia - His outlook of the regional future of the industry - And a lot more! Samir Chaibi Samir Chaibi is a Principal at Insignia Venture Partners (IVP), a Southeast Asia-focused growth and venture investing fund with US $350M+ in AuM. Prior to IVP, Samir was a venture investor at STRIVE, a Tokyo headquartered VC fund deploying capital into seed rounds across Japan, Southeast Asia, and India. Samir started his career in investment banking with Lazard (France) and Citigroup (UK) before transitioning to private equity and joining the Qatar Investment Authority (QIA), a US $400bn+ sovereign wealth fund. Samir also co-founded DocEx Legal, a legal technology startup, leveraging an experienced team of lawyers based in South Asia to solve the legal talent gap across the Middle East. Samir graduated from a three-year dual-degree MBA/MPA program at The Wharton School, University of Pennsylvania and Harvard University, John F. Kennedy School of Government with a focus on entrepreneurship, finance, and technology policy. About Insignia Ventures Partners Insignia Ventures Partners is an early-stage technology venture capital firm focusing on Southeast Asia since 2017, managing capital from premier institutional investors including sovereign wealth funds, foundations, university endowments and renowned family offices from Asia, Europe and North America.
Jan 22, 2021
Eyal Shinar, Co-Founder of Fundbox - Disrupting B2B Financing
00:31:16
Miguel Armaza sits down with Eyal Shinar, Co-Founder and Executive Chairman of Fundbox, a company focused on disrupting the $21 trillion B2B commerce market by launching the world’s first B2B payments and credit network. Since its inception in 2013, Fundbox has raised more than $300 million dollars from leading investors like Khosla Ventures, General Catalyst, Spark Growth Capital, and Jeff Bezos. We talked about - Company origins - Customer acquisition and distribution strategies - Entrepreneurial challenges - Reflections around the PPP loan program in the US and the company’s incredibly meaningful role at the height of COVID to disburse and fund these loans to small businesses. - His thoughts on the key and strategic roles of fintech and tech during the pandemic - Lessons for entrepreneurs - And a whole lot more! Eyal Shinar Eyal Shinar is the Executive Chairman & Co-Founder of Fundbox. Prior to his current role he served as a vice president at Battery Ventures where he led many projects and investments in the areas of finance, machine learning and software as a service. Additionally, Shinar was one of the first employees of Old Lane, a $5.5 billion New York-based global hedge fund (later acquired by Citigroup), and also worked for Castle Harlan, a leading $6 billion NYC-based buyout firm. Shinar earned his MBA from The Wharton School of Business at the University of Pennsylvania. About Fundbox Fundbox is a leading financial technology company focused on disrupting the $21 trillion B2B commerce market by launching the world’s first B2B payments and credit network. With heavy investments in machine learning and the ability to innovatively analyze transactional data, Fundbox is reimagining B2B payments and credit products in new category-defining ways. Fundbox has received numerous accolades for innovation including the prestigious Forbes A.I. 50, Red Herring North American 100, Forbes Fintech 50, CB Insights Fintech 250, Benzinga 2019 Fintech Listmakers, Forbes Billion Dollar Startup To Watch among others. Since the company’s founding in 2013, Fundbox has raised more than $300 million from a blue-chip group of investors led by Khosla Ventures, General Catalyst, Spark Growth Capital, and Jeff Bezos.
Jan 20, 2021
Fractional Trading 101 with Apex Chief Product Officer Dustin Kirkland
00:35:50
What happens after you hit “buy” on that $300 order of Shopify stock (worth over $1,100 as of the day of the episode)? Fractional trading has become one of the hottest product features in Fintech, democratizing access to expensive shares (AMZN, BRK-A, CMG, etc.) to everyday investors. In addition, they allow more precise and comfortable investing and budgeting, as people can designate a notional dollar amount toward a purchase. But how exactly do you buy .3 of a share? Enter Apex Clearing, a PEAK6 company, one of the most innovative and digital-first clearing and custody platforms in the world. Apex powers the fractional capabilities of many companies you may use today, including Stash, M1 Finance, broker-dealers, major banks, and RIAs. They also powered Robinhood up until recently. In today’s episode, Ryan Zauk sits down with Apex’s Chief Product Officer, Dustin Kirkland, to learn about: - Dustin’s unusual path to FinTech (2:00) - What Apex does (8:00) - What is clearing & custody (9:00) - Clearing & Market Making (11:00) - The nuts & bolts of Fractional Trading (15:00) - Crypto trading and how it will disrupt equities (20:18) - And a rapid-fire round including the best Austin BBQ and some shared love for the Grateful Dead For more insights and analysis from FinTech leaders, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/ Apex Clearing is a custody and clearing engine that’s powering the future of digital wealth management. Our proprietary enterprise-grade technology delivers speed, efficiency and flexibility to firms ranging from innovative start-ups to blue-chip brands focused on transformation to capture a new generation of investors. We help our clients provide the seamless digital experiences today’s consumers expect with the throughput and scalability needed by fast-growing, high-volume financial services businesses. Founded in 2012, Apex Clearing is registered with the SEC, a member of FINRA and a Participant in SIPC.
Jan 18, 2021
Kathleen Utecht, Managing Partner at Core Innovation Capital - Unlocking Upward Mobility
00:36:39
Miguel Armaza interviews Kathleen Utecht, Managing Partner at Core Innovation Capital, a venture capital firm, with offices in Los Angeles and San Francisco, investing in high-growth financial technology companies that can unlock upward mobility for everyday Americans. Kat holds a Bachelor’s Degree from Babson College and an MBA from The Wharton School. We talked about: - Kat’s journey, from family upbringing, schooling, all the way to how she ended up in VC - Why she continues to be excited about Fintech, even after investing in the sector for over a decade - What’s changed in the industry over the past few years - Core’s investment and valuation approach and how they work with portfolio companies to prepare them from seed, to series A, and beyond - Her vision for Core’s future - And a lot more! Kat Utecht Kat Utecht is co-managing partner of Core Innovation Capital, an early stage venture capital fund making mercenary returns through missionary investments in financial services and insurance technology. Portfolio companies include HealthSherpa, Bestow, Ripple and Synapse. Prior to investing with Core and at Comcast Ventures, Kat was CEO of Green Rock Entertainment, a commerce company acquired by private equity in 2009. Kat began her career in financial services, both as an investment banker and a graduate of General Electric Capital's Financial Management Program. Kat has an MBA from The Wharton School of the University of Pennsylvania and a BS from Babson College. About Core Innovation Capital Core Innovation Capital is an an early stage venture capital fund making mercenary returns through missionary investments in financial services and insurance technology. Core invests across three themes: 1. Modernizing financial and insurance infrastructure, 2. Expanding access to better financial services and insurance, and 3. Creating wealth through fintech adjacencies that help increase a household or SMB GDP. We optimize our portfolio by focusing on high conviction, early-stage investments with the flexibility to participate in unique opportunities across the venture lifecycle. Our main value add is our contacts - regulatory (e.g. state insurance regulators, CFPB), people flow (internal database for hiring), commercial contracts (e.g. insurers / reinsurers; lenders / debt capital, SaaS customers) - and to bounce ideas off of since we are so focused. Investments include Ripple, NerdWallet, and Oportun, among many others. For more information, visit www.corevc.com.
Jan 17, 2021
Laura González-Estéfani, Founder & CEO of The Venture City - From Miami to the World!
00:28:43
Miguel Armaza sits down with Laura González-Estéfani, Founder and CEO of The Venture City, a global accelerator and venture capital fund of emerging ecosystems specialized in growth with the mission to help entrepreneurs from all over the world. Prior to Venture City, Laura spent many years at Facebook, eBay, Siemens, and Ogilvy Group. We talked about - Laura’s career in big tech - Her decision to leave Facebook and launch the Venture City - The challenges of building a fund and why she believes she leads the most diverse VC in the industry - Her decision to base the company in Miami (before the Miami twitter crazy of 2020, I should add) - Her investing and portfolio management approach - What excites her about investing in fintech around the world - And much much more! Laura González-Estéfani Laura spent nearly nine years with Facebook in various roles supporting overall growth strategies. Laura led the Growth, Mobile & Partnerships team for Latin America, spearheading the Internet.org and connectivity initiatives from Silicon Valley and later Miami. Before Facebook, Laura held management roles at eBay, Siemens and Ogilvy Group.
Jan 15, 2021
Dan Henry, CEO of Green Dot - Modern Banking for Everyone
00:31:46
Miguel Armaza sits down with Dan Henry, CEO of Green Dot (NYSE: GDOT), a 20-year-old company focused on making modern banking and money movement accessible for everyone. Green Dot also recently launched Go2Bank a digital bank for Americans living paycheck to paycheck. Green Dot is far from being Dan’s first rodeo. In fact, this is the third publicly listed company he’s led in the last three decades. He previously served as CEO of Netspend, a leading provider of prepaid debit cards, and led the company through its IPO and eventual sale to TSYS Corporation. Prior to Netspend, he co-founded Euronet Worldwide (NASDAQ: EEFT), a leader in secure electronic financial transaction processing, where he served as President and COO from 1994 through 2006. We talked about: - Dan’s entrepreneurial and international fintech journey since the early 90s - What motivates him and why entrepreneurs are his favorite type of folks - Two fundamental things he believes make a business successful - The evolution of fintech - Why he came out of retirement to lead GreenDot - What led him to launch Go2Bank in January 2021 and a bit about their Go2Market strategy - Reflections for aspiring founders - And a whole lot more! Dan Henry Dan Henry joined Green Dot as CEO in early 2020 with a vision to maximize the potential of the 20-year-old digital bank and make modern, affordable banking and payments accessible to everyone. He previously served as CEO of Netspend, a leading provider of prepaid debit cards for personal and commercial use, from 2008 to 2014. In 2010, Mr. Henry led Netspend through its initial public offering, and in July 2013 completed an all-cash sale of the company to TSYS Corporation, valued at $1.4 billion USD. Prior to Netspend, Mr. Henry co-founded Euronet Worldwide (NASDAQ: EEFT), a leader in secure electronic financial transaction processing, where he served as President and Chief Operations Officer from 1994 through 2006, and remained on the company’s Board until 2008. Mr. Henry has been Chairman of Paysign Inc (NASDAQ: PAYS), a vertically integrated provider of innovative prepaid card programs, digital banking and processing services for corporate, consumer and government application, since 2018. He also served as a director of The Brink’s Company (NYSE:BCO) from 2017 through early 2020. About Green Dot Green Dot (NYSE: GDOT) is a financial technology and registered bank holding company focused on making modern banking and money movement accessible for all. Our proprietary technology enables faster, more efficient electronic payments and money management, powering intuitive and seamless ways for people to spend, send, control and save their money. Through our retail and direct bank, we offer a suite of financial products to consumers and businesses including debit, prepaid, checking, credit and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. GO2bank is FDIC-insured, so your money is protected up to the maximum allowable limit. And GO2bank is a brand of Green Dot Corporation, founded in 1999 and headquartered in Pasadena, CA. Green Dot has served more than 33 million consumers directly over the last 20 years and many more through our banking partners.
Jan 13, 2021
Public's Leif Abraham on FinTech Marketing, Choosing Values, and Changing the Culture of The Market
00:35:36
What do you think of when you hear “stock trading”? For most of us in 2020, we thought of YOLO Calls, Tesla Bulls, Robinhood, Wall Street Bets, and Day Trading. Going back to earlier days, you might think of men in suits on the phone, scrambling to buy & sell stocks. The culture of the market needs to change. Enter Public.Com, the stock investing app with a social, community-based focus making stock trading approachable (and free) for everyday people. On today’s episode, Ryan Zauk sits down with Co-Founder Leif Abraham to learn how Public is changing the culture of the market through approachability, community, in-app features, and celebrities like Tony Hawk and Adrian Grenier (netting 40% female users, an industry-high). Public has taken social media and FinTech by storm, and just raised $65M in a Series C backed by A list celebrities (Chainsmokers, Tony Hawk) and VCs (Accel, Greycroft) who are also prominent users of the platform. Lief and Ryan cover a ton in this episode, including - What FinTech marketers get wrong (and how they can fix it) - How Public has focused on building its app to reach 40% female users in a male-dominated market - A flurry of marketing tips and frameworks around K-Factor, Retention, Content Marketing, and more - Tangible advice on how to build a culture that democratizes and scales decision making ...And much more This is one of our most information-dense episodes to date – Leif does not disappoint. For more insights and analysis from FinTech leaders, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/
Jan 11, 2021
Andrew Lerner, Managing Partner of IA Capital Group – Investing in the Future of Mass Markets
00:26:30
Miguel Armaza sits down with Andrew Lerner, Managing Partner of IA Capital Group, a New York-based private investment firm and manager of the Inter-Atlantic funds, that’s dedicated to partnering with innovative entrepreneurs in venture and growth capital across InsurTech and FinTech. Andy has been at the company since 1995 and is responsible for the day-to-day activities of IA Capital, and is a member of its investment committee. He holds a Bachelors in Electrical Engineering and Computer Science from Princeton University and an MBA from our amazing Wharton School We talked about - Andy’s background - What drove him to fintech VC in the mid-1990s - His take on the evolution of the fintech industry - The advantages of being in an industry with meaningful tail winds - Why he’s excited about InsurTech for the foreseeable future - Importance of Financial Empowerment, along with diversity and inclusion - Why he prefers backing young entrepreneurs and thinks experience is overrated - The effects of COVID on their portfolio - And much, much more! Andrew Lerner Andrew Lerner is Managing Partner of IA Capital Group, where he has been employed since 1995. Mr. Lerner is responsible for the day-to-day activities of IA Capital, and is a member of its investment committee. In 2000, he launched IA Capital's venture capital business which is now the firm’s core activity. Mr. Lerner was also President and Managing Director of Guggenheim Securities, LLC, IA Capital's former broker-dealer business, until 2003. Mr. Lerner is a Director of Homeowners of America, SMArtX, Crown Global Insurance Group, Credit Sesame, Wellthie, Boost, SmartAsset, Gainfully, and Matic. Mr. Lerner has over 25 years of experience in the financial services industry. Prior to joining IA Capital, he served as an investment banker in the Financial Institutions Group of Smith Barney Inc. for four years and in its Mortgage and Asset Finance Group for two years. Mr. Lerner holds a B.S.E. in Electrical Engineering and Computer Science from Princeton University and an M.B.A. in Finance from The Wharton School, University of Pennsylvania. He serves as a director of Transportation Alternatives. About IA Capital Group IA Capital is the longest-tenured independent venture capital firm focusing on insurtech. Based in New York City, IA Capital has a two-decade track record of successfully partnering with innovative early and growth stage companies in insurance and—more broadly—financial services. IA is currently investing in its sixth, seventh, and eighth venture capital funds and manages strategic venture capital programs for 15 insurers. Learn more at iacapgroup.com.
Jan 08, 2021
Dave Unsworth & Kerri Golden from Information Venture Partners - Investing in Tomorrow's Leaders
00:36:47
Miguel Armaza sits down with Dave Unsworth and Kerri Golden from Information Venture Partners, a Canadian Venture Capital firm that primarily invests in early-stage North American B2B FinTech and enterprise software. We talk about: - Dave and Kerri’s transition from operators to investors - IVP’s relationship with the Royal Bank of Canada - Fundraising from institutional LPs - The duo’s strategy to invest in the next generation of leaders - The importance of engineering a culture early on - Interesting fintech trends - The role of a CFO at a Venture Capital firm - And a lot more! Dave Unsworth Dave Unsworth co-founded Information Venture Partners in 2014. Dave has led investments in eSentire (exited, 2017), Verafin, Sensibill, Igloo Software (exited, 2017), Viigo (acquired by BlackBerry), Coconut Software, BigID, Knowtions and LendingFront. Dave is focused on FinTech and Enterprise software and is particularly interested in cybersecurity, mobile, enterprise 2.0 and ventures that create highly valuable data assets by being at the center of large-scale financial transactions. Prior to founding Information Venture Partners Dave worked as an investor with RBC Venture Partners from 2001. Prior to his career in venture capital, Dave had a successful career in operating roles focused on e-commerce strategy development, technology-enabled financial services product development, technology project management and retail/commercial financial services. Dave is an active member in the start-up community in Toronto and Waterloo as a mentor to early-stage CEOs and founding teams. Dave also serves as a mentor in the Kaufmann Fellows program and more recently with the Holt FinTech Accelerator and as an investment committee member for the Investment Accelerator Fund. Dave has been a frequent contributor to Private Capital Magazine. Dave is an original member and past Chair of the Financial Services Venture Capital Alliance. Dave was granted an MBA from Queen’s University, a Bachelor of Arts Degree in Economics from Wilfrid Laurier University. He is also a graduate of the NVCA’s Venture Capital Institute and the Rotman SME Board Effectiveness Program. Kerri Golden Kerri Golden joined Information Venture Partners at inception in 2014 and works with the investment team to help select and support the fund’s investee companies and manage the financial operations of the fund. She has over 30 years of general management and finance experience in a variety of technology industries and she’s been active in securing financings of over $1 billion in equity and debt and in negotiations of a number of merger and acquisition transactions. Kerri was a General Partner of Primaxis Technology Ventures for eight years where she led and managed several investments in early-stage companies in the IT, software and communications sectors and also served as CFO of the fund. Kerri had a successful corporate career with high growth technology companies. She was a mobile pioneer at Rogers Wireless, joining prior to service launch and experiencing start-up challenges and opportunities as company grew from zero to $200M in revenue during her 2.5 year tenure. She was a public company CFO at Alliance Atlantis Communications and Lorus Therapeutics and ended her successful 7-year career at Bell Mobility as CEO, Paging Division after progressive leadership positions in Finance and IT. Kerri is an experienced start-up executive. She co-owns a small business Urban Flats Toronto and served as COO at SeaWell Networks and CFO at Infobright. She serves the start-up community as an active mentor at MaRS, where she co-founded the JOLT Fund and continues to serve as a volunteer general partner. Kerri obtained an HBA from the Richard Ivey School of Business at the University of Western Ontario and earned her CA designation while working with KPMG in Toronto.
Jan 06, 2021
Noah Kerner, CEO of Acorns - Leveling the Investment Playing Field
00:23:33
Miguel Armaza sits down with Noah Kerner, CEO of Acorns, a mobile savings and investment platform that has raised hundreds of millions of dollars from PayPal, Bain Capital Ventures, DST Global, NBC, Comcast, Greycroft as well as a long list of Hollywood celebrities including The Rock and Jennifer Lopez. Originally from New York City’s East Village, Noah is a 4-time entrepreneur who at one point DJ'ed for Jennifer Lopez, built a creative agency in his 20s, and is also a Co-Founder of the shareholder rights fintech startup Say. We discuss: - Noah’s eclectic background - Why he only pursues projects that make him come alive - His journey at Acorns and the evolution and challenges over the years - Their approach to building company culture, defining corporate values, and recruiting talent - The surprising effects of COVID on their business - Entrepreneurial advice - And a whole lot more! Noah Kerner Born in New York City’s east village, Noah Kerner is the CEO of the micro-investing app Acorns and co-founder of the shareholder rights startup Say. His background is colorful: 4X entrepreneur, Co-author of "Chasing Cool” with the former CEO of Barneys, and former DJ for Jennifer Lopez. In his 20s, Noah built the leading creative agency for the young adult market, Noise. Before being acquired by Engine, Noise developed hundreds of products and marketing campaigns for this generation including Facebook’s first application, the first credit card to reward responsibility rather than spending for Chase, Vice's music site Noisey, and the top branded game in the App Store. Noah has been recognized as one of Billboard Magazine’s “Top 30 Under 30,” AdWeek’s “Top 20 Under 40,” Fast Company’s “Innovation Agents” and “Impact Council” members, and as a judge for the Webby Awards. He has also advised and invested in a variety of fast-growing startups, including WeWork, where he served as the first Chief Strategy & Marketing Officer from 2013-2014. Passionate about educating today’s youth, Noah has lectured on entrepreneurialism, fintech, and media at NYU, UCLA, Stanford, and Columbia and currently serves on the Board of VH1's Save The Music Foundation. Noah is a graduate of Cornell University where he studied Psychology and Economics. About Acorns Acorns is the country's fastest-growing saving and investing app helping more than 8.2 million save and invest for the future. Its easy-to-use, mobile-first technology makes it simple for anyone to set aside and invest life's spare money. Acorns allows customers to automatically invest in a low-cost, diversified portfolio of exchange-traded funds offered by some of the world's top asset managers (including Vanguard and BlackRock). Customers grow their wealth in one of five portfolios constructed with help from world-renowned Nobel laureate economist Dr. Harry Markowitz. Acorns' smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time. From Acorns mighty oaks do grow. Acorns is accessed simply and easily via the app for iPhone, Android, or desktop. Visit Acorns.com for more.
Jan 04, 2021
2020 End of Year Special
00:36:11
As 2020 comes to a close, we bring you a special episode featuring our hosts, Miguel Armaza and Ryan Zauk. You will finally get to hear from the hosts themselves as they share: - Some of the major trends they've seen after interviewing over 100 FinTech leaders. - Some funny anecdotes & growing pains. - The hyper-growth of Wharton FinTech. - Tips on turning a podcast into a rocketship. - And provide a sneak preview at what's ahead for 2021... Thank you to all of our listeners for your incredible support during this memorable year. We have great plans for 2021 to keep bringing you insights on the companies, founders, investors, and trends shaping financial services.
Dec 30, 2020
Upending the $15B Debt Collection Industry with Ohad Samet, Founder of TrueAccord
00:33:20
"The most contrarian take I have is that there is value in working with consumers in debt." Here are a few stats for you: - The average US household as of November pays almost 9% of its income to debt - Total household debt reached $14.35 trillion this fall per the New York Fed - The average person in debt owes money to 4 different lenders The current process for debt collections  --  a highly sensitive, case-by-case, and often life-defining financial situation -- has not evolved much in the last 50 years. The process is still how most would imagine…a collections team is assigned a low-base salary and high-commission, and is tasked with harassing debtors multiple times a day with a one size fits all approach. This process is inflexible, stressful, and borderline inhumane as each person has unique financial needs. Enter Ohad Samet and TrueAccord. After honing his time at companies like Fraud Sciences (acquired by PayPal), Signifyd, and Klarna (as their CRO), Ohad recognized this enormous problem and the need for a better solution. Fast forward to 2020, TrueAccord has built a digital-first, ML-powered, humane debt collection agency that leads with empathy. TrueAccord's successes have been incredible, with collection rates 30–50% higher than industry averages and an NPS of 40 (astoundingly high for a debt collections agency, and higher than a lot of financial institutions). TA's impact on daily lives cannot be understated. One stat I loved - "85% of customers wouldn't have been able to repay their debt without the highly flexible payment plans we offer." In today's episode, Ohad comes on the show to discuss: - The different ways TrueAccord engages with the customer, and how that approach has shifted overtime thanks to Machine Learning - 3 questions about debt that he bets none of our listeners can answer - Why his HQ2 city, Kansas City, is a hidden talent and cost of living gem - The cruciality of mission-alignment in business and at TrueAccord (P.S. they're hiring!) - Navigating FinTech partnerships - A special "rapid-fire" question set …and much more. For more insights and analysis from FinTech leaders, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/
Dec 28, 2020
Rohit Arora, CEO and Co-founder of Biz2Credit - Building the Next Generation of Business Lending
00:32:37
Miguel Armaza sits down with Rohit Arora, CEO and Co-Founder of Biz2Credit, a New York based company that offers financing, research, and educational resources to small businesses. Rohit and his brother founded Biz2Credit in 2008 and in the last 13 yrs the firm has arranged $2B in funding and registered over 200,000 clients. They have also raised over $60M in equity and $300M in debt from investors including Westbridge Capital and Nexus Venture Partners. We discussed - Rohit’s journey scaling Biz2Credit - Fundraising challenges as a contrarian entrepreneur - Lessons on resilience and leadership - The perils of a “growth at any cost” business mindset - Biz2Credit’s experience navigating the COVID crisis and what he believes will be the long term effects of the pandemic - And a whole lot more Rohit Arora Rohit Arora, CEO and Co-founder of Biz2Credit is one of America’s top experts in small business finance. He is responsible for driving Biz2Credit to its leadership position in the alternative lending industry among Deloitte’s Technology Fast 500. He holds a Masters in International Business from Columbia University and an Engineering degree from Delhi University. Rohit is often quoted about small business lending by major news media outlets, including the New York Times, Wall Street Journal, Bloomberg, Entrepreneur, American Banker, CNNMoney, MSNBC, Inc., and the Washington Post. In 2011, he and his brother Ramit were named New York City's “Top Entrepreneurs” by Crain’s New York Business, which also named Biz2Credit among NYC’s “Fast 50” of 2014. Since its inception in 2007, Biz2Credit has arranged $2 billion in funding and now has over 200,000 registered small and mid-sized company clients. About Biz2Credit Biz2Credit was founded in 2007 with one goal: make the business financing process work better for lenders and their customers. The company is focused on funding what’s next for small businesses and leverages data, cash flow insights, and the latest technology to give business owners an automated small business funding platform. Biz2Credit has provided over $3 billion in small business loans and financing. With over 350 employees globally, the team – made up of engineers, marketers and data scientists – is building the next generation in business lending solutions. Biz2Credit is also the company behind the Biz2X Platform. Biz2X is the natural outgrowth of Biz2Credit’s established platform software that brands like HSBC, Oriental Bank, and TATA Capital have chosen to launch new online lending initiatives. Biz2Credit raised $52M Series B in 2019 and is headquartered in New York City. Learn more at www.Biz2Credit.com.
Dec 23, 2020
AWS FinTech's Kathryn Van Nuys on Empowering The World's Top Startups
00:25:27
On today’s episode, Ryan Zauk sits down with Kathryn Van Nuys, Head of Business Development for AWS FinTech. Kathryn was just named one of the Top 50 Women in FinTech by NYC FinTech Women, highlighted as one of the top network builders in the industry. Most of us know AWS as the cloud storage and computing behemoth, generating over $35B in revenue and the lion’s share of Amazon’s profits. However, AWS is much more than just cloud. It’s a tailored, industry-by-industry solution that is becoming closer and closer to a one-stop-shop for all things technical startups. Kathryn talks about the huge variety of services AWS provides for a who’s who of FinTech, including Chime, Coinbase, Betterment, Nubank, Affirm, and more. AWS served all 50 of Forbes FinTech 50 last year. In today’s episode, Kathryn delves into - The huge range of services AWS offers startups at each stage of their development - Some of their strongest case studies helping clients - What sub-verticals she’s paying special attention to - The explosion in FinTech partnerships ...And much more For more insights and analysis from FinTech leaders, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/
Dec 21, 2020
Santiago Suarez, Co-Founder/CEO of Addi - Financing for the Digital Age
00:42:15
In this episode, my guest is Santiago Suarez, Co-Founder & CEO of Addi, the leading POS financing platform in Latin America, backed by Andreessen Horowitz, Foundation, Monashees, Quona, and Village Global. Prior to returning to his native Colombia to launch Addi, Santiago started his career in finance in New York City at JP Morgan, and later moved to Silicon valley for a leadership role at Lending Club. We talk about: - Santiago’s entrepreneurial fintech journey and fundraising experience - Regional market dynamics - The virtues of applying an American credit-scoring approach in Latin America - Navigating an evolving regulatory landscape - The importance of company culture - And a lot more! Listen to the full interview --> Spotify | Soundcloud | Apple About ADDI ADDI was founded in 2018 by co-founders Santiago Suarez, Daniel Vallejo, and Elmer Ortega, to power commerce and make point-of-sale financing accessible to every Latin American merchant and consumer. For more information, visit https://addi.com/.
Dec 20, 2020
Jan Bellens, EY Global Banking & Capital Markets Head – Advising & Digitizing Banks Worldwide
00:27:08
Miguel Armaza sits down with Jan Bellens, Global Head of EY’s Banking & Capital Markets Group. In his role, Jan counsels banks in defining their strategies and supports their implementation with investments, acquisitions, and ambitious organic growth initiatives around the world. He has been supporting banks for the last two decades and has worked with clients in over 20 countries. We talk about: - Jan’s professional journey and what led him to his current role where he oversees 45k people - A few of the trends he’s seeing from banks across different regions - What the impact of COVID really means for banks - The challenges of managing an organization with 45k+ professionals - And much, much more! Jan Bellens As the EY Global Banking & Capital Markets Sector Leader, Jan counsels banks in defining their strategies and supports their implementation with investments, acquisitions and ambitious organic growth initiatives. He has been supporting leading banks’ executive teams with their growth opportunities and multi-year business transformations for the last two decades. He has worked with clients in over 20 countries. Before joining EY, Jan was in management consulting for 17 years. He has an MBA from INSEAD. About EY Banking and Capital Markets EY’s worldwide team of industry-focused assurance, tax, transaction and advisory professionals integrates sector knowledge and technical experience. They work with clients to navigate digital innovation, new business models and ecosystem partnerships, helping banks become the nimble, responsive organizations that customers demand. About EY EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
Dec 18, 2020
The Evolution of Private Investing with Griffith Norville of Hamilton Lane + Cobalt LP
00:33:19
In today’s episode, Ryan Zauk sits down with Griffith Norville, Managing Director at Hamilton Lane. Over the last decade, the scope of private investments has exploded across products, asset classes, and geographies. LPs, often equipped with just a small investment team, are facing greater difficulty sorting through droves of funds, managers, trends, and data. Hamilton Lane and its cutting-edge product, Cobalt LP, are tackling this problem head-on. Griff is the Head of Cobalt LP, a software solution that helps LPs with portfolio construction, benchmarking, and investment selection focused on the private markets. Cobalt also offers front-office analytics and back-office managed services solutions, all backed by Hamilton Lane’s first-class historical data and insights. In addition to this role, Griff helps run strategic technology investments for the firm. They talk about the state of Private Markets investing and how the explosive growth of private markets has created such a need for Cobalt LP. They close with his role in strategic tech investing, including how he sourced a deal from a fishbowl (don’t you miss in-person conferences?). Hamilton Lane is an alternative investment management firm that provides private markets solutions to investors around the world with over $500B total assets under management and supervision as of September 30, 2020 - Inclusive of $73.1B in assets under management and $474.1B in assets under supervision as of September 30, 2020. For more insights and analysis from FinTech leaders, follow us below: Ryan's Twitter: twitter.com/RyanZauk Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/
Dec 16, 2020
Crypto Comes to India with Neeraj Khandelwal, Co-Founder of CoinDCX
00:28:15
In today’s episode, Anchit Gupta (WG’21) is joined by Neeraj Khandelwal, Co-Founder of CoinDCX. Started in 2018, CoinDCX is India’s largest and safest cryptocurrency exchange and liquidity aggregator. CoinDCX offers users single-point access to a diverse suite of crypto-based financial products and services. Neeraj spearheads the technical development of all CoinDCX products. Prior to his role at CoinDCX, he served as Vice President of Engineering at Holachef and Chief Technology Officer at Doormint, leading a team of over 20 talented developers. Neeraj holds a degree in Electrical Engineering from the Indian Institute of Technology Bombay. In this interview, Neeraj shares: - CoinDCX’s customer base and their investment preferences - Awareness of crypto in India and CoinDCX’s efforts to increase it - Their competitive landscape and ecosystem in India - His business strategy in response to Crypto’s high volatility and risk - The future of Cryptocurrency in India For more insights and analysis from FinTech leaders, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: www.facebook.com/whartonfintech/ Instagram: www.instagram.com/whartonfintech/
Dec 13, 2020
Reinventing Financial Systems – Henrique Dubugras, Co-Founder/Co-CEO of Brex
00:18:14
In this episode, my guest is Henrique Dubugras, Co-Founder & Co-CEO of Brex, a financial operating system for startups and growing companies, with services including a charge card, cash management, and controls in a single account. Originally from Brazil, Henrique built a payments company when he was only sixteen and in just three years grew it to process over $1.5 billion in processed transactions. Shortly thereafter, he co-founded Brex along with Pedro Franceschi. In this interview, we talk about: - Henrique’s story from entrepreneur, to Stanford student, to Stanford dropout and Brex co-founder - How he met his co-founder, Pedro, and their inspiration to launch Brex - Their significant decision to move Brex into a remote-first company and what that means for them - The importance of company culture and some key lessons for fintech founders - And a whole lot more! Henrique Dubugras Henrique Dubugras is Co-Founder & Co-CEO of Brex — the smartest corporate card in the room. A Brazilian entrepreneur, Henrique built payments company Pagar.me — the Stripe of Brazil — when he was sixteen years old. In just three years, Pagar.me grew to US$1.5 billion in volume of transactions processed. In the fall of 2016, Henrique sold Pagar.me and enrolled at Stanford University. After eight months, he left school and founded Brex. About Brex Brex is reimagining financial systems so every growing company can realize its full potential. By rebuilding from scratch the entire technology stack for credit card issuing, storing and transferring money, Brex has designed financial software that avoids previously painful banking problems. Traditional banking systems are broken; previously neither founders nor their businesses had access to great financial perks and benefits that their corporate counterparts enjoyed. Brex created products for fast moving companies that are intuitive, well designed, and have more powerful functionality than anything on the market. At its core, Brex exists to empower every growing company to dream bigger. In June 2018 Brex launched the first corporate card and rewards program designed for Startups. Brex reimagined every aspect of corporate cards, including 10-20x higher limits than traditional cards, tailored rewards with points on every purchase, and no personal guarantee for founders. This is a radically better experience for customers. In Fall 2019, Brex introduced its second product, Brex Cash. A first-of-its-kind cash management account that enables companies to simplify financial operations, pay for expenses and grow their business, all with zero fees. As a unified platform, Brex brings together the ability to store money and pay bills in a single, elegant dashboard replete with integrations to other financial software -- a new vision for the autonomous finance function. Having started as part of the Y Combinator accelerator program in 2017, the team has grown to over 400 people. Based in San Francisco, Brex has raised over US$465 million in venture capital, with support from Kleiner Perkins Growth, YC Continuity Fund, Greenoaks Capital, Ribbit Capital, IVP, DST, as well as fintech insiders like Peter Thiel and Max Levchin. Brex has also raised over $510 million in debt funding from Barclays. As of writing it is worth $3 billion.
Dec 11, 2020
Building Big Things and Moving Fast - Allison Barr Allen, Co-Founder/COO of Fast
00:34:37
Miguel Armaza sits down with Allison Barr Allen, Co-founder and COO of Fast, an online login and checkout platform on a mission to make buying online faster, safer and easier. The company is backed by Stripe, Index Ventures, Susa Ventures, Global Founders Capital, and Brian Sugar. Prior to Fast, Allison held senior product roles at Uber, where her team launched and scaled Uber’s payments, risk, and compliance products globally. Before that she was a strategy consultant at PwC. Allison is also a passionate private and public investor, both as an LP at Operator Collective and as an advocate for value investing in the public stock market. We talked about: - Allison’s fascinating experiences at Uber - The power of investing in public and private markets - Her journey at Fast over the last 12 months, - The value of listening and acting on client feedback - The importance of company culture, partnerships, and having a really clear vision of the future of your company - and much, much more! Allison Barr Allen, Co-founder and COO Allison Barr Allen is the co-founder and COO of Fast, the world’s fastest online login and checkout platform. Previously, Allison was the head of global product operations for the Money Team at Uber, where she helped scale Uber from 2,000 employees to more than 26,000 worldwide. Allison’s team launched and scaled Uber’s payments, risk, and compliance products globally, including on-demand payments, cash products, debit cards and credit cards. Prior to Uber, Allison served as a healthcare strategy consultant at PwC. In addition to her role at Fast, Allison is a limited partner at Operator Collective, a venture capital firm that brings together leaders from diverse backgrounds to invest in the next generation of enterprise technology. Allison is also deeply committed to supporting entrepreneurs through Trail Run Capital, her angel investment fund. Allison graduated from Northwestern University with a Bachelors of Science degree in Communication Sciences and Disorders. About Fast Fast's mission is to make buying online faster, safer and easier for everyone. Its Fast Login and Fast Checkout products enable a one-click sign-in and purchasing experience that makes it easier for people to buy and merchants to sell. The company's products work on any browser, device or platform to deliver a consistent, stress-free purchasing experience. Fast is entirely consumer focused and invests heavily in its users' privacy and data security. Headquartered in San Francisco, Fast is a privately held company funded by Stripe, Index Ventures, Susa Ventures, Global Founders Capital and Brian Sugar – who also serves on the board.
Dec 09, 2020
Frank Rotman, Founding Partner at QED Investors - Past, Present, and Future of Fintech!
00:40:28
Miguel Armaza interviews Frank Rotman, Founding Partner of QED Investors, a Venture Capital fund that invests in early-stage, disruptive financial services companies around the world. Frank focuses on financial services and financial technology companies that are credit-oriented or have data analytics foundations at their core and his portfolio includes some of the fintech rockstars of our generation, including LendUp, Credit Karma, Avant, SoFi, and many more. We talk about: - Frank’s experience at Capital One, starting as one of the first employees to senior executive and chief credit officer - The evolution of QED - The state fintech in the US, Latin America, and around the world - His approach to evaluating early-stage fintech startups - His outlook on the road ahead for the industry. - And much, much more! Finally, we also talk about Frank’s Twitter presence. It’s not an exaggeration to say he is probably the most respected fintech voice on Twitter and has become famous for sharing some of the most thoughtful and in-depth twitter threads. In case you’re not following him, I recommend you check him out. His username is @FintechJunkie. Frank Rotman Frank Rotman is a founding partner of QED Investors. His investments are focused on financial services and financial technology companies that are credit oriented or have data analytics foundations at their core. His portfolio of 20+ investments includes many of the emerging next-generation companies in the financial services eco-system such as Credit Karma, Prosper, Avant Credit, SoFi, GreenSky, LendUp and ApplePie Capital. Frank was one of the earliest analysts hired into Capital One and spent almost 13 years there helping build many of the company’s business units and operational areas. With two decades in consumer & small business finance, Frank is widely known in the industry as a Credit Risk and Portfolio Management Expert. His responsibilities have included turning around underperforming business units, building new businesses from concept to market leadership positions, overseeing the credit performance of Capital One as a whole, and creating a Student Lending company after leaving Capital One in December 2005. Frank graduated from the University of Virginia with degrees that included Applied Mathematics (B.S.) and Systems Engineering (M.S.). About QED Investors QED is a leading boutique venture capital firm based in Alexandria, VA, co-founded by Nigel Morris and Frank Rotman. It invests in early-stage, disruptive financial services companies in North America, South America, and the United Kingdom. QED is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners’ decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth. Notable investments include Nubank, SoFi, Credit Karma, Klarna, GreenSky, Avant, Flywire, Remitly, QuintoAndar, Creditas, ClearScore, and Konfio.
Dec 07, 2020
The Future of Financial Advice with Jess Liberi, Head of Product at eMoney
00:32:43
On today’s episode, Ryan Zauk is joined by Jess Liberi, Head of Product for eMoney, a Fidelity-owned company. eMoney is a company most people aren’t familiar with, but many have been affected by. eMoney is a software company that empowers financial advisors with the tools to create robust financial plans, set savings, investing, and spending goals, conduct cash flow analysis, and much more. eMoney is used by over 70,000 financial professionals across a wide variety of practices in the US, reaching the financial future of ~5 million US households. It’s been trendy over the last decade to claim that financial advisors are becoming obsolete, have archaic fee models, etc. But Jess and Ryan dive into how advisors have adapted to new consumer demands both from the product and fee side, and the importance of a planning-centric advisor. During the COVID crisis, advisors were as important as ever, helping people stay the course during rough times. They also cover eMoney's product, the advisor trends Jess spotted during COVID, their new "Project Incentive," how advisors have been (and will continue to) adapt, and much more. Highlights below: 7:50 - A brief look at the evolution of the financial advisor 9:01 - eMoney's "competitive advantage" and what differentiates them 10:05 - Some incredible initiatives eMoney has taken on to help 2,000+ students get externships and push advising toward planning-centricity 12:41  - What behavior changes, or lack thereof, they saw during COVID 18:45  -  What's keeping advisors up at night, how they need to adapt products and fee structure, and surprising statistics about the engagement of people over the age of 60 22:50  -  eMoney's "Project Incentive" For more insights and analysis from FinTech leaders, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/ Facebook: https://www.facebook.com/whartonfintech/ Instagram: https://www.instagram.com/whartonfintech/
Dec 04, 2020
Building Unicorns and Redefining Online Banking - Renaud Laplanche, Upgrade CEO/Co-Founder
00:30:05
Building Unicorns and Redefining Online Banking - Renaud Laplanche, Upgrade CEO/Co-Founder I sat down with Renaud Laplanche, co-founder and CEO of Upgrade, a neobank that offers affordable and responsible credit to mainstream consumers. Since inception in 2017, Upgrade has surpassed $100 million in revenue run rate and a billion-dollar valuation. The company is backed by some of the best VCs in the industry and has raised over $200M dollars in debt and equity, including Mouro Capital, Ribbit Capital, Union Square Ventures, FirstMark Capital, CreditEase, and many more. Prior to Upgrade, Renaud founded and ran Lending Club, a company that pioneered consumer fintech and that he took public in December 2014 at a 10B dollar valuation. There’s no doubt Renaud and Lending Club inspired a generation of fintech founders around the world and countless of fintech founders repeatedly cite Lending Club as an inspiration for their companies. Renaud is also in a select and exclusive club of founders that have started not one, but two unicorns. Listen to the full interview --> Spotify | Soundcloud | Apple Podcasts Renaud Laplanche Renaud is the co-founder and CEO of Upgrade, Inc. a neobank that offers affordable and responsible credit to mainstream consumers. Under his leadership, Upgrade reached $100 million in revenue run rate, profitability and a billion-dollar valuation within 3 years of launch. Upgrade is the only neobank backed by one of the world’s top 10 largest banks. Prior to Upgrade, Renaud founded and ran Lending Club for 10 years. He took the company public, reaching a market capitalization of $10 billion in December 2014. At Lending Club, Renaud pioneered consumer fintech and grew the company to become the largest provider of personal loans in America. Renaud was ranked #23 in Bloomberg Markets’ 2015 Most Influential List, an annual ranking of the World’s top 50 most influential leaders across technology, finance, and politics. He was also recognized at the Clinton Global Initiative by President Clinton for expanding access to affordable and responsible credit. In 2014, he won the Economist Innovation Award in the consumer products category and was named the "best start-up CEO to work for" by Business Insider. Renaud was named “Fintech Executive of the Year” by Finovate in 2020. He also holds the Newport-Bermuda world speed sailing record. About Upgrade Upgrade is a neobank that offers affordable and responsible credit to mainstream consumers through personal loans and cards, together with credit monitoring and education tools that help consumers better understand and manage their money. Over $3.5 billion in loans and cards have been originated by the Upgrade platform since inception in 2017. Upgrade is headquartered in San Francisco, California, with an operations center in Phoenix, Arizona, and a technology center in Montreal, Canada. Personal Credit Lines are issued by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. Upgrade Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Rewards associated with the Upgrade Card, when applicable, are provided by Upgrade, Inc. More information is available at: https://www.upgrade.com. Wharton Fintech https://www.whartonfintech.org/ | https://twitter.com/whartonfintech | https://www.linkedin.com/company/wharton-fintech-club Miguel Armaza https://www.linkedin.com/in/armaza/ | https://twitter.com/MiguelArmaza
Dec 02, 2020
Anish Acharya, General Partner at Andreessen Horowitz - Doubling Down on Fintech
00:29:53
Miguel Armaza sits down with Anish Acharya, General Partner at Andreessen Horowitz (A16Z), where he invests primarily in financial services and adjacent technologies. Prior to joining A16Z, Anish held multiple leadership roles at Credit Karma and before that he founded two different startups – SocialDeck (acquired by Google) and Snowball (acquired by Credit Karma). In this episode, we talk about his transition from operator investor; The evolution of his investing approach; Why all of his best career decisions have mostly been focused on people; and, why he believes there’s a huge opportunity in fintech for the GenZ generation. Anish is also a passionate DJ and loves to spin records, so as bonus for our listeners, we have included a few minutes of his latest mix at the end of the show! Anish Acharya Anish Acharya is a General Partner at Andreessen Horowitz where he invests primarily in financial services and adjacent technologies. He currently serves on the boards of remote payroll and compliance platform Deel and construction technology company Mosaic. Anish joined Andreessen Horowitz in 2019. Prior to joining a16z, Anish held multiple roles at Credit Karma including the General Manager of Core Product and General Manager of U.S. Card, which he helped scale to over 100MM members and nearly $1B in 2019 revenue. Anish joined Credit Karma in 2015 via the acquisition of Snowball, a notifications startup he founded a year earlier. Prior to creating Snowball, Anish founded SocialDeck, a social-gaming company that was acquired by Google in 2010. He went on to lead various mobile product efforts as well as invest at Google Ventures. Anish graduated from the University of Waterloo and lives in the Bay Area with his family. About A16Z Andreessen Horowitz (a16z) is a Silicon Valley-based venture capital firm that backs bold entrepreneurs building the future through technology. The firm is stage agnostic, investing in seed to late-stage technology companies, across the consumer, enterprise, bio/healthcare, crypto, and fintech spaces. a16z has nearly $16.5B in assets under management across multiple funds. See portfolio companies here: https://a16z.com/portfolio/. Wharton Fintech https://www.whartonfintech.org/ | https://twitter.com/whartonfintech | https://www.linkedin.com/company/wharton-fintech-club Miguel Armaza https://www.linkedin.com/in/armaza/ | https://twitter.com/MiguelArmaza
Nov 30, 2020
The Latin American Opportunity - Hernán Fernández, Founder of Angel Ventures
00:37:57
Miguel Armaza sits down with Hernan Fernandez, Founder and Co-Managing Partner at Angel Ventures, one of the oldest and most active Venture Capital funds in Latin America investing in early-stage to early-growth companies with business models tailored for the Latin American market. We talked about Hernan’s career, what drove him to leave the corporate world and launch one of the first VC’s in the region, his take on the entrepreneurial market in Latin America, and some of the trends and opportunities that get him going these days. Hernan is also the founder of the largest angel investment network in Latin America and serves as a Board Member at the Mexican Association of PE & VC Funds. Prior to AV, Hernan got his MBA degree at MIT’s Sloan School of Management Hernán Fernández Lamadrid Hernan is the Founder and Co-Managing Partner at Angel Ventures, where he manages deal-flow, investor relations and shares duties in creating value for the investment portfolio. He is also the founder of the largest angel investment network in Latin America. He currently serves as a Board Member at the Mexican Association of PE & VC Funds (AMEXCAP). Prior to Angel Ventures, Hernan started his professional career as a corporate lawyer in PwC’s Mexico City and Paris branch offices, as a consultant for the Sustainable Business Initiative of the United Nations Development Program in the U.S. and Paraguay and later as a management consultant for Strategy& (formerly Booz & Company) in Mexico City. He has been named one of CNN/Expansion 30 Mexico’s Promises and the Most Influential Angel Investor in Mexico according to TechCrunch. Hernán holds a master’s degree in Business Administration (MBA) from the MIT Sloan School of Management and a law degree from ITAM in Mexico. AV has put together a strong and flexible team, bestinclass, in-house developed processes and attracted a multidisciplinary group of advisors, mentors and allies that not only provide capital, but most importantly, talent, relationships, and brain power. The managing team has extensive experience in company development and growth, private equity transactions, management and operation of venture capital funds, mergers, and acquisitions, launching startups and new business units, as well as strategic consulting and operational administration of multinational conglomerates. About Angel Ventures Founded in 2008, AV is one of the most active and influential Mexican VC firms in Latin America. The Firm invests in early-stage to early-growth companies by becoming a leading Series Seed and Series A investor in startups that drive innovative business models tailored for the Latin American market. We manage two investment funds (one in fundraising), and we strive to perform the best possible investments by attracting best-in-class entrepreneurs, applying exhaustive and progressive methodologies to assess opportunities and leveraging our intangible assets to boost our portfolio returns, all while being compliant with major global standards for VC practices. AV is the official VC firm recognized by the four governments of the pacific alliance region (México, Colombia, Perú and Chile). The Company was awarded such recognition through a call of proposals organized by the Inter-American Development Bank in June 2016. Wharton Fintech - https://www.whartonfintech.org/ - https://twitter.com/whartonfintech - https://www.linkedin.com/company/wharton-fintech-club Host https://www.linkedin.com/in/armaza/ https://twitter.com/MiguelArmaza
Nov 29, 2020
Entrepreneurship, Stand-up Comedy, & Investing – Eric Satz, Founder/CEO of AltoIRA
00:38:49
Miguel Armaza sits down with Eric Satz, Founder and CEO of AltoIRA, a company on a mission to help individuals in the US access and execute investments in alternative assets using their retirement savings. We cover: - Eric’s journey from investment banker, to coffee shop owner, to venture capitalist, to AltoIRA founder. - What influenced him to pursue entrepreneurship throughout most of his life. - Why he thinks this is now a great time to invest in private companies. - The advantages of launching a fintech startup in Nashville, Tennessee. - Why he thinks the only thing harder than fundraising for startup money is making somebody laugh and why he has so much respect for stand-up comedians. - And much, much more! Eric is also the host of his own podcast, The Altogether Show, which features unfiltered interviews with untraditional entrepreneurs who ignored boundaries and followed their instincts. https://altogether.show/ Eric Satz An entrepreneur and former investment banker, Eric worked for DLJ/Credit Suisse First Boston before co-founding Currenex, Plumgood Food, and Tennessee Community Ventures, a VC firm. Eric served on the Board of the TVA from 2015-January 2019, and he teaches an entrepreneurship class to high school students. A Miami native and diehard 'Canes and Dolphins fan, Eric went to Amherst College. After years in NYC and then San Francisco, he and his wife moved to Nashville, her hometown, to raise their kids. When he's not breathing life into startup companies, Eric loves to ski, play soccer, and practice yoga. About AltoIRA AltoIRA is a financial technology company on a mission to help individuals access and execute investments in alternative assets using their retirement savings. The firm's cost-effective and hassle-free platform streamlines the process for investors, funding portals and issuers alike. Alto currently works with leading platform partners including AngelList, Wefunder and Masterworks, as well as financial advisors, funds and other direct issuers. Launched in 2018, the Nashville-based fintech firm is backed by leading investors including the family office of Tony James, Moment Ventures, Foundation Capital and the Sequoia Scout Fund. For more information, please visit www.AltoIRA.com - https://www.whartonfintech.org/ - https://twitter.com/whartonfintech - https://www.linkedin.com/company/wharton-fintech-club - Host: https://www.linkedin.com/in/armaza/
Nov 25, 2020
Financial Regulation for the Digital Age – Jo Ann Barefoot, CEO & Founder of AIR
00:32:33
In this episode, Miguel Armaza sits down with Jo Ann Barefoot, CEO & Founder of the Alliance for Innovative Regulation and host of the podcast Barefoot Innovation. Jo Ann is a famous advocate of “regulation innovation,” and is one of the most active and visible fintech leaders working to improve and modernize financial regulation around the world. She is also a Senior Fellow at the Harvard Kennedy School Center for Business & Government and in the past was Deputy Comptroller of the Currency of the United States and a staff member at the U.S. Senate Banking Committee. Jo Ann Barefoot Jo Ann Barefoot is CEO & Founder of AIR - the Alliance for Innovative Regulation and host of the global podcast show Barefoot Innovation. A noted advocate of “regulation innovation,” Jo Ann is Senior Fellow Emerita at the Harvard Kennedy School Center for Business & Government. She has been Deputy Comptroller of the Currency, partner at KPMG, Co-Chairman of Treliant Risk Advisors, and staff member at the U.S. Senate Banking Committee. She’s an angel investor, serves on the board of Oportun, serves on the fintech advisory committee for FINRA, is a member of the Milken Institute U.S. FinTech Advisory Committee, and is a member of the California Blockchain Working Group Advisory Board. Jo Ann chairs the board of directors of FinRegLab, previously chaired the board of the Financial Health Network, and previously served on the CFPB’s Consumer Advisory Board. She was a Cofounder of Hummingbird Regtech. About Alliance for Innovative Regulation AIR is a nonprofit dedicated to modernizing the financial regulatory system. We believe that the regulatory framework needs to migrate from a largely manual to a Digitally-Native Design. This will ensure financial stability, protect consumers from harm, promote financial inclusion, curtail financial crime, and enable continuous innovation. AIR works at the intersection of technology, innovation, and regulation to help regulators better understand emerging technologies that can help improve financial health. Examples like cash-flow underwriting can expand safe and affordable credit to people with no credit history, increasing credit access and a creating a more fair financial system. AIR’s Regtech Manifesto Financial regulation needs to convert from analog to digital design. This seminal thought piece calls for gradual, but urgent, conversion of the financial regulatory system to a “digitally-native” framework. The Manifesto is a Request for Comments (RFC). It calls for discussion about a system that will be rebuilt over time to leverage the power of digitization and make regulatory outcomes better, faster, and cheaper, all at once. Join the conversation.
Nov 24, 2020
B2B Venture Investing with Evgenia Plotnikova, Partner at Dawn Capital
00:31:36
Ryan Zauk sits down with Evgenia Plotnikova, Partner and Investor at Dawn Capital in the wake of Dawn's $400M raise in September. Dawn Capital is one of the premier venture firms in Europe and is focused on B2B Software and FinTech, investing mostly in Series A and B rounds for high-growth companies across Europe. Evgenia is a seasoned investor in both venture and private equity. Prior to Dawn, she was a VC at Atomico, where she spearheaded the firm's entry into France and worked with a number of businesses, including Ontruck and Memphis Meats. Before VC, Evgenia was an investor at TPG Capital focused on telecommunications, retail, transportation, and mining. She started her career at J.P. Morgan in the London and Dubai offices, where she advised businesses on potential M&A transactions as well as equity and debt financings. Evgenia is fluent in French and Russian, has lived in 5 countries, and has traveled to 55 (though COVID may be slowing her march to 60). In 2017, Evgenia was named to Forbes’ “30 Under 30” and became the judge for its prestigious Finance category in 2018. Ryan & Evgenia cover a great deal in today’s episode, with highlights broken out below: - How she describes Dawn and her general investing style (4:20) - Raising a $400M fund in COVID, a huge fund for venture capital (7:40) - How Dawn positions themselves to entrepreneurs and founders, and the incredible value they have offered founders (10:29) - Her general sourcing and diligence processes (12:30) - Her investment in Soldo and the bright future ahead for the company (18:35) - A special rapid-fire question round (27:08) …And much more. Enjoy the show! For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Nov 23, 2020
Transforming Banking for Immigrants – Matt Oppenheimer, Co-Founder & CEO of Remitly
00:35:44
In this episode, Miguel Armaza sits down with Matt Oppenheimer, Co-Founder and CEO of Remitly, a Seattle-based mobile payments platform enabling consumers to send and receive payments around the world that aims to provide the full suite of financial services to immigrants and migrants. The inspiration behind Remitly came when Matt was working in Kenya in 2010 and saw how difficult it was to send and receive money overseas. He began working on the problem immediately and has since grown the business to a rumored 1.5 Billion dollar-valuation in 2020. The company has raised almost $500 million in debt and equity from top industry VCs, including Generation Investment Management, Nasper’s PayU, Stripes Group, Threshold, QED, the World Bank’s IFC, Jeff Bezos, and many more! Matthew Oppenheimer Matthew Oppenheimer is Co-Founder and CEO at Remitly. The inspiration behind Remitly came when Matt was working for Barclays in Kenya and saw how difficult it was to send and receive money overseas. Matt was drawn to the global impact his business could have: remittances eclipse foreign aid in improving global wealth equality and give people who receive them upward mobility. He began working on the problem immediately as an Entrepreneur in Residence at Highway 12 Ventures in Idaho and launched the company from Techstars in Seattle. Matt was named EY Entrepreneur of the Year 2016 in the Pacific Northwest and has been recognized as a Puget Sound Business Journal 40 Under 40 honoree for his work with Remitly. He holds an MBA from Harvard Business School and a bachelor’s degree in psychology from Dartmouth College. About Remitly Founded initially to disrupt the nearly $600 billion global remittance industry, Remitly is now transforming the lives of millions of immigrants and their families with the most trusted financial services products in the world. Remitly makes international money transfers faster, easier, more transparent and more affordable through its global network. Remitly’s reliable and easy-to-use mobile app eliminates the long wait times, complexities and fees typical of traditional remittance processes, returning millions of dollars in savings and spending power to immigrants every year. Remitly is also expanding its portfolio to include additional critical financial services for immigrants. The company’s Passbook offering is a modern banking solution that eliminates fees and other common barriers to creating a bank account, and introduces new cross-border money transfer benefits. Established in 2011 and headquartered in Seattle, Remitly is backed by more than a dozen industry-leading investors, including Prosus’s PayU, Generation Investment Management and Bezos Expeditions. The company operates globally, with offices in London, Kraków, Manila and Managua. For more information, visit Remitly.com.
Nov 22, 2020
Empowering the Vulnerable with Financial Tools - Claire McDonnell, Co-Founder of True Link
00:26:17
Miguel Armaza sits down with Claire McDonnell, Co-founder and COO of True Link Financial, a company that aims to make life better for people with disabilities, vulnerable elders, individuals in recovery, and their families and professional support networks. At True Link, she focuses on growth, product, operations, and customer experience. There’s no doubt True Link is a transformative firm that is making the world a better place by serving and meaningfully helping some of the most vulnerable members of society. The company has raised over $50 million from a list of impressive Investors, including Centana Growth Partners, Khosla Ventures, Initialized Capital, QED, Radicle Impact, Y-Combinator, Alexis Ohanian, and many more! Claire McDonnell Claire is co-founder and COO of True Link Financial, a venture-backed fintech company that makes life better for people with disabilities, vulnerable elders, individuals in recovery, and their families and professional support networks. At True Link, she focuses on growth, product, operations, and customer experience. Before True Link, Claire helped build and lead organizations in the private and social sectors -- she worked at Bain & Company’s social sector affiliate The Bridgespan Group and Teach for America, founded Awardly, a wellness app, and served as a Runway Entrepreneur at the venture capital firm Innovation Endeavors. Claire was a Fulbright Scholar in Argentina and holds a BA from Columbia University. About True Link Vulnerable older adults, people with disabilities, and those recovering from addiction – fifty million Americans in total – need more from their financial institutions. Whether it’s protecting seniors from fraud, helping people with special needs preserve lifesaving medical benefits, or preventing an impulsive cash withdrawal or purchase that could lead to relapse, families turn to True Link when they need a financial partner who can help them navigate life’s challenges. Serving people in all fifty states, True Link has offices in San Francisco, Denver, and New York, in addition to distributed team members throughout the United States. For more information, visit www.truelinkfinancial.com.
Nov 20, 2020
M&A Special - CB Insights buys Blockdata with Founders Anand Sanwal and Jonathan Knegtel
00:32:01
In this Wharton Fintech exclusive, Ryan Zauk went behind the scenes with CB Insights’ Anand Sanwal and Blockdata’s Jonathan Knegtel to discuss their recent transaction. The three of them walk through the details of the acquisition, the current state of global blockchain, and the cold email Jonathan sent that kicked off this entire deal. What was the email that caught Anand’s eye amongst a sea of inbounds? You can view it on our LinkedIn, Twitter, Instagram, and Medium - just search Wharton FinTech or Ryan Zauk. Anand & Jonathan strike a perfect balance with Anand's macro view of corporate blockchain strategies/appetite and Jonathan's in-depth knowledge of the space. Episode details below: - How Anand and Jonathan first got into blockchain technology (4:19 - 6:53) - The cold email that got Blockdata on Anand's radar and what made it so effective (6:54 - 9:25) - Challenges & benefits of doing this deal in COVID (9:26 - 11:37) - A deeper look at Blockdata and why Anand bought them (11:38 - 15:27) - The roadblocks still facing global blockchain adoption and "Internet 2.0" (15:28 - 19:18) - The Perez Technology Surge Cycle and how it applies to Blockchain (19:19 - 21:14) - Our favorite part...Jonathan comparing the blockchain reg ecosystem of the US, EU, and China (21:15 - 23:47) - Where they see the most growth in blockchain tech ahead (24:31 - 27:01) ---- Anand Sanwal is the CEO & Co-founder of CB Insights, a technology market intelligence platform that provides predictive intelligence into emerging technology trends, startups and corporate strategy. Prior to founding CB Insights, Anand managed the $50 million Chairman's Innovation Fund at American Express and worked in VC and corporate M&A. Before AmEx, Anand worked at Kozmo.com, one of NYC's most infamous dot com flameouts, where he learned that if you buy something for $2 and sell it for $1, you will not make it up in volume. He has degrees in Chemical Engineering from the University of Pennsylvania and in finance and accounting from the Wharton School of Business. Jonathan Knegtel is a passionate community builder and connector of people and technology. Before he started wearing his wooden bow tie at blockchain meetups, he studied electrical engineering and has worked in startups as diverse as 3D food printing, private jets, bitcoin exchanges, and a data company tracking VC funding for tech companies. He co-founded Blockdata to help people track the growth and application of this revolutionary technology. For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Nov 18, 2020
Building a Global Payments Powerhouse – Kamran Zaki, COO of Adyen
00:28:29
In this episode, I sit down with Kamran Zaki, COO of Adyen (AMS:ADYEN), a Dutch payments company that allows businesses to accept and receive payments across multiple channels and platforms. Publicly listed in the Amsterdam Internet Exchange, the company has grown over 120% since the beginning of the year and has a current market cap of $50 billion. Prior to Adyen, Kamran worked in several tech and payments companies, including PayPal, Netflix, and Citigroup, where he headed global payments teams across Europe, North America and Emerging Markets.
Nov 16, 2020
Innovation for the Emerging Middle Class - Christine Kenna, Partner at IGNIA
00:31:57
Miguel Armaza interviews Christine Kenna, Partner at IGNIA, a Venture Capital firm that invests in innovative solutions for the emerging middle class in Latin America. Christine joined IGNIA in 2011 and has been investing and working with entrepreneurs in strategic planning, critical problem solving, and operational issues. We discussed her background, investing approach, the evolution of the fintech ecosystem in the region, and the important efforts she leads to continue improving diversity and inclusion within the private capital industry in Latin America. About IGNIA IGNIA is a leading Mexico-based venture capital firm that partners with entrepreneurs who are reinventing the way to do business with the emerging middle class. IGNIA invests in sectors where innovation has a high impact on people’s lives such as healthcare, housing, financial services and basic services (water, energy and communications). By providing effective market responses to the enormously underserved needs of low income populations, IGNIA empowers entrepreneurship and builds a more equitable. Christine Kenna Christine Kenna joined IGNIA in 2011 and focuses on managing portfolio companies and evaluating new investment opportunities. She works closely with entrepreneurs in strategic planning, critical problem solving, and operational issues. Christine leverages her operating experience gained from running the marketing and sales operations of EF Education First, the world´s largest private international education company, where she was a key figure in managing the company´s turnaround in Mexico. Previously, while working at Google during the company´s IPO, she developed international growth strategies and helped resolve human capital management challenges. As Managing Director of The Guggenheim Foundation in Mexico, Christine became familiar with challenges faced in Mexico as she helped street children reintegrate into society, and worked with Mexican public schools and teachers to implement innovative learning methods. As a Senior Associate at The Parthenon Group, a Boston-based strategy consulting firm, she learned rigorous financial analysis and applied herself to resolving international marketing issues for Fortune 500 companies and entrepreneurial start-ups. Christine graduated from Duke University with a BA in Economics and International Relations, and has an MBA from Harvard Business School.
Nov 15, 2020
Building the FedEx of Financial Data with Crux CEO Philip Brittan
00:28:13
“To someone who’s not involved in this business you might think what's the big deal? But if you're in this business you think oh my god this is a big deal...but it really shouldn't be...and that's why we exist.” In today’s episode, Ryan Zauk sits down with Philip Brittan, Founder & CEO of Crux. You know that frustration when someone routinely sends you great data but they’ve added rows, changed date formats on you, or re-ordered tabs? Then all of your pulls, lookups, and macros need to be redone? Enter Crux, which Philip has built into the “humble, neutral utility” of data connections, or what he calls the “FedEx of financial data.” Crux ingests data sets from over 100 suppliers, then routinely cleans and standardizes them for delivery to end-users like hedge funds in the format they need. Building off partnerships with Snowflake, AWS, and a who’s who of strategic investors, Crux is transforming financial data. If you’ve spent time in this space, you know the scale of this problem. Philip has been in the FinTech space for over 30 years, first as a serial entrepreneur, then as an executive with Google Finance, Bloomberg, and Thomson Reuters. Philip has a Bachelor of Arts in Computer Science from Harvard. In this episode, we go deep into Crux’s product, how they work with AWS and are taking advantage of the cloud explosion, the birth of their partnership with Two Sigma, why he only uses strategic funding, and much more. For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Nov 13, 2020
Steve Sarracino, Founder of Activant - Fintech Investing, Driving Growth, and Staying Vigilant!
00:34:04
“I always get most nervous when things are going really well, I think that's when you need to be the most vigilant.” In this episode, Miguel Armaza interviews Steve Sarracino, Founder of Activant Capital, a growth equity fund with over $500 million in assets under management that partners with high-growth companies transforming the industrial complex. Steve has a great track record of investing in disruptive tech and places particular emphasis on data-heavy businesses that can act as the source of truth for large industries. He is also an MBA graduate from our very own Wharton School and was a great guest! Steve Sarracino - Founder and Partner of Activant Steve founded Activant Capital in 2012, and is a partner on the investment team. He has a long track record of investing in disruptive technology companies, and has extensive experience as a board director in high-growth B2B platform businesses. Steve places a particular emphasis on data-heavy businesses that can act as the source of truth for large industries. As Activant’s founder, he sees the importance of investing in outstanding people, both founders and the Activant team. Prior to founding Activant, Steve was a founding member at Serent Capital, a leading lower-middle market private equity firm focused on investing in high growth service and technology businesses. Previously he helped open the technology investing office at American Capital Ltd. in Palo Alto. Steve also worked at McKinsey & Co. in their Hong Kong office. He began his career in mergers and acquisitions at Robertson Stephens in San Francisco, CA. Steve has an MBA from the Wharton School at the University of Pennsylvania. He attended Southern Methodist University for his undergraduate degree, where he received a BBA in Finance with a minor in History.
Nov 11, 2020
Financial Literacy, Mocking Oprah, and Life Lessons with Neale S Godfrey
00:32:23
On today's episode, Ryan Zauk sits down with legendary entrepreneur, author, and financial literacy advocate Neale S Godfrey. How do you summarize the background of someone like Neale? Let’s give it a try: - First female VP at Chase Manhattan Bank where she worked on some of the largest M&A deals in history - New York Times bestseller, but only after buying a publishing company because she couldn’t get a deal! - Founder of both the First Women’s Bank and the First Children’s Bank, the latter of which was famously used by Princess Diana in NYC’s FAO Schwartz - Founder of “Children’s Financial Network” where she has become one of the nation’s top crusaders, advocates, and thought leaders on financial literacy - Collaborator with Oprah, Executive in Residence at Columbia Business School, served on a number of boards including UNICEF Quite a life, right? Well, Neale is only getting started. In this episode, Neale discusses: - Her life as a woman on wall street in the 70's and 80's and the discrimination women faced (summing up to $2M in lost wages) - How she pivoted from banker to entrepreneur and author - Key issues with financial education in the US - Her financial advice for kids and parents - Tons of great anecdotes along the way including a 12 hour stop in Brazil, mocking Oprah to her face (accidentally), and more. For more FinTech insights, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Nov 09, 2020
Creating an African Fintech Giant - Olugbenga Agboola, Co-Founder & CEO of Flutterwave
00:17:59
In this episode, Miguel Armaza sits down with Olugbenga “GB” Agboola, Co-Founder and CEO of Flutterwave, a revolutionary company building the digital payments infrastructure for Africa that’s enabling businesses to receive or make payments across the continent and the entire globe. Launched in 2016, Flutterwave has grown at an astonishing rate and in 2019 processed 107 million transactions worth $5.4 billion. The company has also raised over $55 million in equity from a long list of top VCs, including Y-Combinator, Visa Ventures, Fintech Collective, Endeavor, Mastercard, Golden Palm Investments, and many more! Olugbenga Agboola Olugbenga Agboola is the co-founder and CEO of Flutterwave. Prior to co-founding Flutterwave, Olugbenga contributed to the development of fintech solutions at several tech companies and financial institutions such as PayPal, Standard Bank, among others. He is a serial entrepreneur with two successful exits under his belt. He is a software engineer with a master's degree in information technology security and behavioral engineering and an MBA. About Flutterwave Flutterwave is a technology company headquartered in San Francisco with operations and offices across Africa and Europe. The company was launched in 2016 with the goal of building digital payments infrastructure for Africa and enable businesses to receive or make any payments across Africa and globally. Since inception, Flutterwave has processed billions of dollars across all product platforms and has been the recipient of several awards including the "Top 100 Fintech Firms" around the world.
Nov 06, 2020
Embracing Math for Daily Decision Making – Sebastian Ceria, CEO of Qontigo
00:37:38
Miguel Armaza sits down with Sebastian Ceria, CEO of Qontigo, a NY-based global company that combines the most sophisticated risk analytics and portfolio-construction tools in the market, while also offering indexing services. Qontigo has over 550 employees, but it’s one of those revolutionary and successful companies most people haven’t heard of. Prior to launching his own venture, Sebastian was an Associate Professor of Decision, Risk and Operations at Columbia Business School. But after seeing the incredible entrepreneurial success from some of his former students, he decided to leave academia and launch his own ventures in 1998. About Qontigo Qontigo is a financial intelligence innovator and a leader in the modernization of investment management, from risk to return. The combination of the group’s world-class indices and best-of-breed analytics, underpinned by technological expertise and customer-driven innovation, enables its clients to achieve competitive advantage in a rapidly changing marketplace. Qontigo’s global client base includes the world’s largest financial products issuers, capital owners and asset managers. Created in 2019 through the combination of Axioma, DAX and STOXX, Qontigo is part of Deutsche Börse Group, headquartered in Eschborn with key locations in New York, Zug and London.
Nov 02, 2020
InsurTech Trends and Opportunities – Steve Pretre, Partner at World Innovation Lab
00:46:58
In this episode, Miguel Armaza interviews Steve Pretre, Partner at World Innovation Labs, a US and Japan-based venture capital fund with investors from governments and corporations in Japan and throughout Asia. Steve is also a fintech veteran with particular expertise in the insurance space, having spent several years at RMS and Asurion as an operator and then co-founding Metromile, one of the very first insurtech innovators that leveraged technology to build a better and cheaper consumer product. Steve is an MBA graduate from the Wharton School and holds two bachelor degrees from Stanford University. Steve Pretre Steve Pretre is a veteran of multiple successful startups with deep operating experience across product development, marketing, and strategic planning. In his current role as Partner at World Innovation Lab, Steve works with leading startups in the fintech and insurtech space, including Ladder, PeerStreet, and Unqork. Prior to joining World Innovation Lab, Steve was the co-founder and CEO of Metromile, an early innovator that paved the path for the current wave of insurance startups. He held executive roles at Asurion, leading their mobile applications business unit as the company grew to a multi-billion dollar provider of mobile device insurance sold through the wireless carriers. He was the first marketing and product lead at RMS, which developed predictive risk modeling software that became the defacto standard for pricing and transfer of catastrophe risk for the global insurance industry. Steve holds an MBA from the Wharton School, where he graduated as a Palmer Scholar, and holds a BS in Mechanical Engineering and a BA in Economics from Stanford University. About World Innovation Lab World Innovation Lab (WiL) is a US & Japan-based VC firm with capital from governments and leading global corporations in Japan and throughout Asia - including Sony, Suzuki, NTT, KDDI, 7-Eleven & others. WiL invests in companies that are ready to scale and enter new markets. The firm helps US startups expand to Japan and Asia, and Japanese startups expand worldwide. Recent direct company investments include Algolia, Asana, Automation Anywhere, Auth0, DataRobot, Kong, Mercari, MURAL, TransferWise, and Unqork. In addition to direct investment, WiL invests in exceptional venture funds - both established and emerging. WiL also works with its corporate investors on evolving their own innovation capabilities through new business creation, partnerships with leading startups, and organizational culture change. WiL acts as the bridge between startups and corporates across key innovation hubs around the globe in driving growth - starting with Japan and the US.
Nov 01, 2020
Empowering India's Next Generation with Rajan Bajaj, Founder & CEO of Slice
00:27:22
In our latest episode of the Wharton Fintech Podcast, Anchit Gupta (WG’21) is joined by Rajan Bajaj, Co-Founder and CEO of Slice. Slice is a fintech startup that offers payment and credit solutions for people between the ages of 18 and 29. Slice is one of India's top card issuers and generated net profits within four years of its inception. Rajan graduated from IIT Kharagpur in India and built products for Flipkart Marketplace in its hatching phase. Rajan's unit was the fastest-growing business unit at the company during his tenure. Afterward, Rajan founded Mesh, a furniture rental startup. In this interview, Rajan shares: - His journey as an entrepreneur and motivations for launching Slice - The financial habits of India’s Gen-Z - How Slice compares to other card issuers and financial institutions - The future of digital payments in India and COVID's impact - Slice’s business model and the challenges of fraud, underwriting risk, etc. in India
Oct 30, 2020
Chris McCann & Edith Yeung of Race Capital – Why Now is the Best Time to Invest in VC!
00:44:06
Miguel Armaza interviews Edith Yeung and Chris McCann, General partners of Race Capital, a Venture Capital fund looking for market-transforming companies. Edith is also an author and creator of the China Internet Report, an annual report on China technology trends as well as the writer of Silicon.news – a weekly briefing on Silicon Valley news. Chris is an entrepreneur turned investor who previously founded and led the community program at Greylock Partners. In this interview, we talked about their background, investing strategy, and we even explore the Chinese fintech ecosystem.
Oct 28, 2020
Revolutionizing Working Capital Financing - Sandy Kemper, Founder & CEO of C2FO
00:43:18
In this podcast, Miguel Armaza sits down with Sandy Kemper, Founder & CEO of C2FO, the world’s largest platform for working capital financing. C2FO serves over a million businesses representing over 10 trillion dollars in annual sales across more than 180 countries and their platform connects over 100 billion dollars of daily volume. Truly a global financial powerhouse! C2FO is a Series G company and has raised hundreds of millions of dollars from elite investors like Temasek, Union Square Ventures, Softbank, Allianz, Citi Ventures, Tiger Global and many more. Sandy has had a long and successful career in banking, technology, fintech, and asset management and he even told us how he turned his art collecting passion into a profitable business. Alexander “Sandy” C. Kemper Sandy is the founder of C2FO and serves as Chairman of the Board and CEO. In addition, he is Chairman of the Board of The Collectors Fund, a private equity fund focused on alternative asset classes. Prior to founding The Collectors Fund and C2FO, Sandy founded Perfect Commerce (fka eScout) and served as the company’s Chairman and Chief Executive Officer from 2000-06. Prior to founding Perfect Commerce, he served as Chairman of the Board and CEO of UMB Bank and CEO of UMB Financial, a NASDAQ traded financial services company more than $20 billion in assets. Sandy began his career with UMB after graduating from Northwestern University in 1987. He majored in American History. Sandy is an active angel and venture investor and serves on the corporate boards of UMB Financial (NASDAQ: UMBF), UMB Bank, NIC (NASDAQ: EGOV), and AXA Art USA (NYSE: AXA). He previously served on the board of Cboe Global Markets, Inc. (Cboe) and BATS Exchange, two of the largest stock exchanges in the world. Sandy and his family are active in academic, civic and philanthropic endeavors. He serves on the board of the Agriculture Future of America (AFA), a non-profit scholarship and leadership development organization that he co-founded. Sandy and his family live on a farm in Kansas City, Mo., where they raise and care for their horses, sheep and any and all wild animals (not including their four children). About C2FO C2FO is the world’s largest platform for working capital. We serve over one million businesses representing $10.5 trillion in annual sales across more than 180 countries. Our online platform connects more than $100 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate™, and the C2FO platform will match your request in seconds. You can accelerate or extend AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options. C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to grow. To learn more, visit C2FO.com.
Oct 26, 2020
Fueling Fintech's Growth - Sheel Mohnot, Co-Founder of Better Tomorrow
00:29:16
In this episode, Miguel Armaza sits down with Sheel Mohnot, Co-Founder of Better Tomorrow, a $70 million venture capital fund that invests in seed-stage Fintech companies around the world. His own startup experience includes 2 successful FinTech exits – a payments company and a high-stakes auction firm, and he is also a General Partner of the 500 Fintech fund. He formerly worked as a financial services consultant at BCG and started his FinTech career at Kiva, a non-profit p2p lender. In this interview, we explore Sheel’s background, his journey as a fintech operator and entrepreneur, the transition from Angel Investor to Venture Capitalist, and his approach to evaluating seed-stage fintech investing opportunities.
Oct 25, 2020
Plaid's John Pitts on the Current Regulatory Landscape, COVID FinTech Adoption, and More
00:39:06
It's no secret that FinTech has boomed during COVID as workers, companies, and everyday people were forced to digitize their lives. But by how much is FinTech changing people's lives, and are they happy with this transition? In today's episode, Ryan Zauk sits down with Plaid's John Pitts to discuss the company's inaugural report with the Harris Poll analyzing FinTech in the wake of COVID (and plenty of other topics). Plaid and the Harris Poll surveyed the nation to understand consumer behavior changes and preferences, and whether they will last through this COVID crisis. Report Link: https://plaid.com/the-fintech-effect-2020-consumer-report/ Though Plaid needs no introduction, it is a data transfer network that powers Fintech and digital finance products by enabling applications to connect with users' bank accounts. Prior to Plaid, John was one of the first hires at the Consumer Financial Protection Bureau. Before the CFPB, he was an associate at Orrick, Herrington, and Sutcliffe. John is a graduate of UPenn's Carey School of Law and Kenyon College. In today's episode, John covers a lot of ground including: - His time at the CFPB and their initial assessment of Bitcoin - Comparing and contrasting the US, UK, Canadian, and EU fintech regulatory landscape - Why he's so excited about Canada's fintech prospects - Their landmark study with the Harris Poll on FinTech adoption during COVID - Where the government went right and wrong during its stimulus efforts And much more For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Oct 23, 2020
Rewriting the History of Banking - Stefan Möller, Co-Founder & CEO of Klar
00:30:02
In this episode, Miguel Armaza interviews Stefan Möller, Co-Founder and CEO of Klar, a Mexican challenger bank working to democratize debit and credit in Mexico. Klar is making credit accessible to all Mexicans, including those with no credit history. It helps people build credit by looking at how and where they spend their money, without having to rely on obsolete and traditional credit scores. Klar’s business has experienced rapid growth having issued over 25,000 credit lines amongst its 200,000 customers in less than 12 months and their growth has tripled during the pandemic. Klar has raised almost $73 million in debt and equity from some of the most prestigious funds in the industry, including Prosus Ventures, the World Bank’s IFC, Quona, Mouro Capital, aCrew, FJ Labs, and Gilgamesh Ventures*. Stefan Möller Stefan Möller is the Co-Founder and CEO of Klar, a Mexican challenger bank working to democratize debit and credit in Mexico. Before starting Klar, Stefan was a Venture Director at Nova Founders Capital, a global fintech investment company where he learned first hand the challenges faced by consumers seeking access to decent financial services. Before Nova Founders, Stefan worked as a consultant at Bain and Company where he developed a deep understanding of the limitations faced by financial institutions in their path to digital transformation. Prior to that, Stefan developed several entrepreneurial ventures in Mexico and Germany. Stefan has an MBA from IESE Business School in Barcelona, and a BA in Economics from the Goethe Institut in Frankfurt and studies in Yale university. About Klar Klar has been working to democratize financial services in Mexico since 2019 by offering a 100% digital, transparent, free and secure alternative to traditional credit and debit services. Unlike traditional financial institutions, Klar provides consumers with a unique set of features and benefits. For more information visit: www.klar.mx * Miguel Armaza is a Co-Founder of Gilgamesh Ventures and a proud supporter of Klar.
Oct 21, 2020
Driving Innovation for Inclusion – Irene Arias Hofman, CEO of IDB Lab
00:28:03
Miguel Armaza sits down with Irene Arias Hofman, CEO of IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, the leading source of development finance for Latin America and the Caribbean. The purpose of IDB Lab is to drive innovation for inclusion by supporting early-stage entrepreneurial solutions capable of transforming the lives of vulnerable populations. Previously, Irene worked for 20 years at the IFC, the private sector arm of the World Bank Group, where she managed the Financial Institutions Group and also the LAC region with its 16-billion- dollar portfolio. Her focus has been on innovation and technology, venture capital, and organizational development.
Oct 19, 2020
FinTech Investing with Michael Sidgmore, Partner at Broadhaven Ventures
00:35:36
In our latest episode, Hinal Shah (WG’20) is joined by Michael Sidgmore, a Partner at Broadhaven Ventures. Broadhaven is a venture capital firm focused on early-stage investment opportunities at the intersection of financial services and technology. Broadhaven Ventures is a VC fund affiliated with Broadhaven Capital Partners, an independent fintech investment bank that has done over $50 billion in transaction volume. Broadhaven Ventures has investments in companies like Liveoak (acquired by DocuSign), Credijusto, Kyash, MoneyLion, Starship, BioCatch, Harvest Wealth, Kovi, and Nowports. Michael Sidgmore is also a Venture Partner at Goodwater Capital, a consumer tech VC that has invested in fintech companies including Toss, Monzo, Stash, Kyash, and Tide, amongst others. Prior to Broadhaven, Michael was an operator at two different fintech startups, where he helped build their sales teams. He was employee #8 at iCapital Network and was the first sales hire at Mosaic. Michael started his career on Goldman Sachs' Principal Strategic Investments Group in London. Michael holds a BSc in International Relations from the London School of Economics. In this interview, Michael shares: - Broadhaven’s approach to fintech investing globally - The types of business they seek out - Fintech opportunities in emerging markets and future trends to watch - The impact of COVID-19 and the opportunities it may bring for fintech and non-fintech players - Advice for those looking to enter venture capital or start/join fintech companies And much more…
Oct 16, 2020
Creating Pathways to Better Financial Health - Anu Shultes, CEO of LendUp
00:46:56
In this episode, Miguel Armaza sits down with Anu Shultes, CEO of LendUp, a mission-driven fintech company focused on expanding access to credit and creating pathways to better financial health. A 25-year veteran of the financial services industry, Anu has a personal mission to lift people out of poverty and infuses her work with her passion for financial inclusion. Anu’s career spans a broad spectrum of roles across subprime credit cards, subprime loans, and prepaid cards. Her significant experience building efficient operational processes and teams to support them has led her to become one of the few female CEOs in fintech. LendUp is backed by a long list of top VCs, including QED, PayPal Ventures, Google Ventures, Y-Combinator, Thomvest, Radicle, Data Collective, Susa Ventures, and many more!
Oct 14, 2020
FinTech Goes Open Source with Rob Underwood, Chief Development Officer of FINOS
00:38:53
In today’s episode of the Wharton FinTech Podcast, Ryan Zauk sits down with Rob Underwood, Chief Development Officer of FINOS. FINOS, short for the FinTech Open Source Foundation, is a global community creating open-source solutions for financial services. As a community of people, companies, and events, FINOS’s purpose is to accelerate collaboration and innovation in financial services through the adoption of open-source software, standards, and best practices. Their 30+ member organizations include Morgan Stanley, Goldman Sachs, Github, Citi, Symphony, and many more. They have over 300 contributors developing over 40 open-source projects. Before FINOS, Rob served as CTO at Relay Graduate School of Education; was Executive Director of TeachCS; founded CodeBrooklyn; and later, after starting his own consulting firm, TTM Advisors, advised and consulted for edtech startups such as Codesters. Before these roles, Rob was a senior manager at Deloitte Consulting, LLP and KPMG Consulting/BearingPoint. Earlier in life, Rob spent time both teaching and working in Japan after graduating from Colby College. In this episode, Rob covers: - The genesis of FINOS and its purpose - How the world’s leading financial services and tech companies get involved with FINOS - How these brutally competitive firms work together - Some of the most exciting projects they’re taking on - His love for the Grateful Dead and Phish …And much more To learn more about FINOS, you can click the links below as well as find Rob on Twitter at @BrooklynRob. perspective.finos.org fdc3.finos.org landscape.finos.org www.twitter.com/brooklynrob For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Oct 12, 2020
Building a Banking Legend – Greg Krasnov, Founder & CEO of Tonik
00:39:06
In this episode, Miguel Armaza sits down with Greg Krasnov , Founder & CEO of tonik, a digital bank in the Philippines with a mission to revolutionize the way money works in Southeast Asia. Tonik is backed by major industry investors, including Sequoia Capital, Point72 Ventures, Insignia Ventures, and Credence Partners. Greg is a serial entrepreneur at heart and launched his first business at the age of 18. Prior to starting tonik, he invested in, co-founded and chaired four other successful fintech startups through his Singapore-based fintech venture builder called FORUM. Greg is also a talented musician and, as a bonus for our listeners, we have included some of his work at the end of the interview. Greg Krasnov Greg is the Founder & CEO of tonik (www.tonikbank.com), the first digital neobank in the Philippines, and one of the few neobanks globally that is operating on the basis of its own bank license. tonik is backed by major international Venture Capital investors, including Sequoia Capital, Point72 Ventures, Insignia Ventures, and Credence Partners. Prior to starting tonik, Greg co-founded and chaired four other successful fintech startups in Asia: Credolab (www.credolab.com), FLOW (www.flow-tech.ai), Solarhome (www.solar-home.asia), and AsiaKredit (www.asiakredit.com). Greg invested into and supported these ventures through his Singapore-based fintech venture builder FORUM (www.forum-cap.com), in partnership with some of the leading Venture Capital funds in Southeast Asia. Prior to moving to Asia, Greg was the Founder/CEO of one of the top private equity-backed success stories in Consumer Lending in Eastern Europe, Platinum Bank (Ukraine), which was exited in 2013 generating over $150 million for the investors. Before that, Greg spent 10 years in Private Equity in Europe at Bank of America (London) and Innova Capital (Warsaw). A serial entrepreneur at heart, Greg’s launched his first business at the age of 18, earning his way through college in the USA through coding and PC repair. Global citizen, having lived in 8 countries across 3 continents, and done business in 40+ countries, currently residing in Singapore. Married, with one son. Lifelong hobbies include sailing and music. Considering balance to be key to a successful life, Greg had lived and cruised Southeast Asia aboard a sailboat for 2 years with his family, as well as recorded two albums, one of which is published on Spotify. Greg is a long-standing member of the global Young President’s Organization (www.ypo.org), and the Founder of its Kyiv Chapter. Fluent in English, Polish, and Russian. Graduate of Cambridge University (UK) and Arizona State University (USA).
Oct 11, 2020
Launching a Fintech PE Fund – Sean Collins & Bill McNichols of Goldfinch
00:25:46
In this episode, Miguel Armaza sits down with Sean Collins and Bill McNichols, Co-Founders of Goldfinch Partners, a Private Equity firm focused on enterprise technology companies that power digital transformation, with a focus on marketing, Commerce, Payments, FinTech, Supply Chain, and Human Capital. Prior to Goldfinch, Sean was Co-Founder and Chief Investment Officer of BCG Digital Ventures, where he oversaw investments globally into 75+ ventures and Bill was the Senior Vice President of Corporate and Business Development at Starbucks where he led over 40 transactions including more than $11 billion of acquisitions, divestitures and investments. Sean Collins Sean has over 20 years of experience investing, advising, operating, and building companies focused on digital transformation. Prior to Goldfinch, Sean was Co-Founder and Chief Investment Officer of BCG Digital Ventures, where he oversaw investments globally into 75+ ventures. Prior to BCG DV, he was SVP of E-commerce, Marketing, and Strategy at the Sports Authority where he helped engineer a turnaround that leveraged digital marketing and e-commerce to drive revenue growth. Previously, he was an Associate Partner at McKinsey & Company where he advised Retail, TMT, and Private Equity clients. Sean holds a BA from Whitman College in Economics & Music. Bill McNichols Bill has more than 20 years experience as an investor and operator. Prior to co-founding Goldfinch, Bill was SVP of Corporate and Business Development at Starbucks where he led over 40 transactions including more than $11 billion of acquisitions, divestitures and investments along with numerous commercial partnerships. Prior to Starbucks, Bill was a senior investment professional at Vulcan Capital, where his portfolio included DreamWorks, Oxygen Media, and TowerCo. Bill began his career at Gleacher & Co where he focused on advisory and investment work in the CPG, quick service restaurant and TMT sectors. Bill holds an MBA from Harvard Business School and a BA with high honors from Colgate University. Goldfinch Partners Founded in 2018, Goldfinch Partners invests in the enterprise technology companies that power digital transformation. Goldfinch thematically invests in the sectors and spaces they know deeply, including Marketing, Commerce, Payments, FinTech, Supply Chain, and Human Capital.
Oct 09, 2020
Investing in Transformational Technologies - Raj Ganguly, Co-Founder of B Capital Group
00:26:53
In this episode, Miguel Armaza sits down with Raj Ganguly, Co-founder and Managing Partner at B Capital Group, a global growth equity firm with $1.5 billion in assets under management, focused on investing in B2B startups across four technology-enabled verticals, including Fintech and Insuretech. In this interview, we talked about the story behind B Capital, their investing approach, his outlook on fintech around the world, the road ahead, and the challenges and opportunities of fundraising and investing over zoom. Raj Ganguly Raj Ganguly is a co-founder and Managing Partner at B Capital Group. He currently serves on the boards of Winmore, Journera, Atomwise, and Evidation Health. In addition, Raj is a Senior Advisor to the Boston Consulting Group. Previously, Raj was a Managing Partner of Velos Partners, a global venture growth firm with offices in Los Angeles, Singapore, and London. Before his career in venture capital, Raj spent six years at Bain Capital, conducting operational due diligence and driving growth and operational improvements in portfolio companies across the United States and Asia. Raj earned an MBA from Harvard Business School, and summa cum laude honors as a BSE and BAS from the University of Pennsylvania’s Wharton School and School of Engineering and Applied Science, where he graduated from the Management & Technology Program as a Benjamin Franklin Scholar and Joseph Wharton Scholar. B Capital Group B Capital Group is a growth equity firm focused on investing in B2B startups across four technology-enabled verticals: Enterprise technology and Consumer enablement, Fintech and Insurtech, Transportation and Industrial and HealthcareTech and Bio IT.
Oct 07, 2020
Helping Banks Build Flexible + Scalable Solutions - Elliott Limb, Chief Customer Officer of Mambu
00:28:36
In our latest episode of the Wharton Fintech Podcast, Anchit Gupta (WG’21) is joined by Elliott Limb, Chief Customer Officer of Mambu. Founded in 2011, Mambu is a cloud-native software-as-a-service provider powering banking through open API-enabled architectures. Mambu helps financial institutions of all sizes to rapidly design, launch, service, and scale their banking and lending portfolios. Mambu has been featured in the CBInsights list of 250 world’s most promising fintech companies. Prior to Mambu, Elliott held several senior positions in the banking and Fintech industry. He has been named one of the most influential people in fintech as an entrepreneur, board member, and investor across multiple sectors. At Mambu, Elliott is focused on a customer-centric approach to doing business, growing revenue, and helping banks build flexible and scalable solutions. In this interview, Elliott shares: - His background and journey to Mambu - The history of Mambu and its service offerings - How Mambu helps financial institutions develop an edge over their competitors and launch rapidly in new markets - The shift in mindset and rapid adoption of cloud-based architecture in the banking industry - The challenges of building a common and flexible service for different types of FIs - Elliott’s opinion on the future of large incumbent banks with the rise of digital-first neobanks
Oct 05, 2020
Driving Entrepreneurship in the Heartland – Erika Lucas Co-Founder of StitchCrew
00:25:57
In this episode, Miguel Armaza sits down with Erika Lucas, Co-Founder of StitchCrew and VEST. StitchCrew, in partnership with the NBA team, the Oklahoma City Thunder, runs an accelerator program to connect entrepreneurs with the capital, resources and networks they need to launch and scale businesses. VEST is a curated network of highly influential women across business and civic sectors working together to dismantle the barriers precluding more women from reaching positions of power and influence. Prior to launching her own venture, Erika was a Private Equity Partner and led the Global Division at the Oklahoma Department of Commerce. She serves on multiple private and public boards, including the board of directors of ARVEST Bank.
Oct 04, 2020
Refinancing your Education with David Green, Chief Product Officer at Earnest
00:24:20
In this podcast, Miguel Armaza is joined by David Green, Chief Product Officer at Earnest, where he oversees Product Management, Product Design, User Research, Data, and Analytics. Earnest is a company tackling the $1.6 trillion student debt balance in the US by helping graduates take control of their financial wellness and empower them with the capital they need to live better lives. Earnest has raised over $120 million from investors including Maveron, Accomplice, New York Life Insurance, and many more. Prior to his current role, David founded Poplar Finance, which sought to eliminate the need for large security deposits in residential rentals. He received his MBA from The Wharton School and a B.A. from George Washington University. David Green David Green is an accomplished operator and Chief Product Officer at Earnest where he oversees Product Management, Product Design, User Research, Data, and Analytics. Known for constantly seeking out new challenges and driving better outcomes by continuously improving his skill set, David loves to build companies and products he believes in. Prior to his role with Earnest today, he founded a fintech startup, Poplar Finance, which sought to eliminate the need for large security deposits in residential rentals. During his first stint at Earnest he helped scale the company from 20 to 200+ employees and as the Vice President of Business Operations at the American Mortgage Consultants, Inc. he managed large operations teams of 300+ remote employees. He received his MBA from The Wharton School and a B.A. from George Washington University. When he’s not founding startups or training teams, David can be found playing outside, either mountaineering, hiking, trail running, or camping. He is an avid fitness fiend, also looking for new songs and albums he can play while he takes in the sights and sounds of Mother Nature. About Earnest Earnest is a fintech company that’s tackling the $1.6 trillion student debt balance in the US. One in five adults is affected by student loan debt – Earnest is on a mission to help graduates take control of their financial wellness and empower them with the capital they need to live better lives. Earnest uses technology, data and design to build better loan products that help customers. The company currently has over 124k clients and has refinanced over $10.2 billion in student loans. In addition to student loan refinancing, Earnest introduced its own private student loan product in 2019.
Oct 02, 2020
From Poker Star to Unicorn Founder – Nima Ghamsari, CEO & Co-Founder of Blend
00:34:46
Miguel Armaza is sits down with Nima Ghamsari, CEO and Co-Founder of Blend, a company transforming the $40+ trillion consumer lending industry, by delivering speed and efficiency to mortgage lenders to navigate a complex industry. Blend is a newly minted unicorn that has raised almost $400 million in equity from some of the top VCs in the industry, including Canapi Ventures. Temasek, General Atlantic, 8VC, Greylock, Peter Thiel, and many more! Prior to Blend, Nima was an early employee at Palantir Technologies, where he co-founded its commercial group focused on major data challenges for the financial sector. Nima is also a former semi-professional Poker player and talked to us about some of the parallels between entrepreneurship and the game of Poker. Nima Ghamsari Nima Ghamsari is the CEO and co-founder of Blend, a Silicon Valley technology company transforming the $40+ trillion consumer lending industry. Blend’s cloud-based technology, for mortgages and consumer banking, delivers speed and efficiency to lenders so they can serve the modern borrower and safely navigate the industry’s changing rules and regulations. Prior to Blend, Nima was an early employee at Palantir Technologies, where he co-founded its commercial group solving major data challenges for the financial sector. After the 2008 financial crisis, Nima worked directly with major banks and agencies to develop and implement software enabling underwater borrowers to avoid foreclosures while saving financial institutions billions of dollars. About Blend Blend helps lenders streamline the customer journey for any banking product from application to close. Its Digital Lending Platform is used by Wells Fargo, U.S. Bank, and over 250 other leading financial institutions to acquire more customers, increase productivity, and deepen customer relationships. The company enables customers to process more than $3.5 billion in mortgages and consumer loans per day, helping millions of consumers get into homes and gain access to the capital they need to lead better lives. To learn more, visit blend.com.
Sep 30, 2020
Redesigning the Asset Management Experience – Brian Barnes, Founder & CEO of M1 Finance
00:34:35
Miguel Armaza interviews Brian Barnes, Founder and CEO of M1 Finance, a money management platform that combines investing, borrowing, and banking into a single app. Brian launched M1 in 2015 after he felt frustrated with the tools available to manage his own money and has since grown the company into a platform that manages more than $2 billion dollars on behalf of 200k users with 75 employees. M1 has also raised over $55 million dollars in equity from backers including Clocktower Technology Ventures, Left Lane Capital, Chicago Ventures, and many more. Brian Barnes Brian Barnes is the Founder and CEO of M1 Finance. He started M1 in mid-2015 after frustrations with the tools available to manage his own money and has grown the company from an idea to a platform that manages more than $2B. Prior to M1, Brian worked as an equity researcher at a hedge fund and as a management consultant. He has a BA in Economics from Stanford University. M1 Finance M1 Finance is a money management platform the combines the best of investing, borrowing, and banking into one easy to use app. With M1, users can automatically invest in a customizable portfolio for free, borrow against your portfolio for rates as low as 2%, and use M1 as your primary bank with an industry leading 1% APY and 1% cash back on debit card purchases. M1 manages more than $2B on behalf of 200,000 users. The company is headquartered in Chicago and has 75 employees.
Sep 28, 2020
Pioneering Angel Investing in Africa - Tomi Davies
00:24:11
Tomi Davies. A systems Analyst turned Tech Strategy Advisor, Public Speaker and Angel Investor, Tomi Davies is Collaborator-in-Chief at TechnoVision, co-founder of the Lagos Angel Network and President of the African Business Angel Network. He has been described by Techcrunch as Africa’s Top Angel investor. As a thought leader with increasing knowledge gained from nurturing entrepreneurs in a growing portfolio of tech-enabled early-stage business ventures originating from Africa, Tomi’s personal mission is “to help drive Africa’s development by supporting young entrepreneurs using innovation and technology to create social impact and economic value.”
Sep 27, 2020
Investing for 2 Billion Muslims with Kareem Tabbaa, Chief Product Officer of Wahed
00:19:03
We hear a lot about ESG investing, Catholicism-based investing, and more in the wealth & asset management world. But what about Earth’s 2 billion Muslims? In a religion that disallows interest and has plenty of restrictions (alcohol, etc.), finding shariah-compliant investments is not easy. Enter Wahed, a halal investment platform for everyday Muslims. We sat down with Kareem Tabbaa, Chief Product Officer of Wahed to learn more about this product and their $25M fundraise from Saudi Aramco. Wahed allows everyday Muslims to build wealth by investing in companies in compliance with their faith. Wahed’s portfolios include a combination of Wahed-made ETFs, Gold, Cash, and Sukuks, which are a shariah-compliant instrument similar to debt that pays revenue share instead of interest. In today’s episode, Kareem discusses: - His background - The unexpected role Apple played in starting Wahed - What their investment portfolios look like - Their first customers and initial growth strategy - The massive, underserved Muslim market - And much more Kareem joined Wahed in 2017 as Chief Growth Officer and moved to Chief Product Officer in 2018. Before Wahed, Kareem worked in London and his home country of Jordan at companies such as HeadStart Advisers, Diversified Retail Trading, and Goldman Sachs. Kareem graduated from London’s Cass Business School with 1st-Class Honors where he wrote his dissertation on the effect of sovereign credit rating changes on the local stock markets in the MENA region. For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Sep 25, 2020
The Future of Fintech with Bo Brustkern, Co-Founder & CEO of LendIt Fintech
00:38:53
Miguel Armaza sits down with Bo Brustkern, Co-Founder & CEO of LendIt Fintech, one of the world’s leading fintech events and media companies. In this episode, we talk about Bo’s career, LendIt’s journey, and his take on some of the most interesting fintech trends out there. Bo also talked about LendIt USA 2020, their upcoming online conference scheduled for September 29 - October 1. This year’s agenda will be their best on yet, featuring 4,000+ attendees, 1,500+ companies, and 230+ speakers from 50+ countries. For Wharton Fintech listeners interested in attending, LendIt has offered a 15% discount using the promo code WHARTON15%. Wharton Fintech will then donate the proceeds of our commission to First Generation Investors, a non-profit that teaches high school students in underserved communities the power of investing. Bo Brustkern For over 20 years, Bo Brustkern has set himself apart as a leader in understanding, funding and leading cutting-edge developments in fintech and financial services. In addition to co-founding and leading LendIt Fintech, Mr. Brustkern co-founded Arcstone Valuation (2006), Arcstone Equity Research (2010) and NSR Invest (2013). Previously, he was a venture capitalist at Rustic Canyon Partners in Silicon Valley; and a private equity investor at BACE Industries in Denver, Colorado. Mr. Brustkern earned his MBA from the Anderson School at UCLA, with distinction as a Deutschman Venture Fellow, in 2001; and his BA from Dartmouth College in 1995.
Sep 22, 2020
Creating a Financial Ecosystem for Mexican SMBs - David Poritz, Co-Founder of Credijusto
00:40:20
Miguel Armaza sits down with David Poritz, Co-Founder and Co-CEO of Credijusto, a company focused on lending to the underserved and rapidly growing small and medium-sized enterprise (SME) market in Mexico. The company aims to provide products that are superior in price, speed of delivery, and quality of customer experience. Credijusto uses a combination of cutting-edge software design, innovative applications of data science, and advanced internal processes for decision making and product structuring. Credijusto is backed by a world-class group of institutional investors, including Goldman Sachs, Credit Suisse, Victory Park Capital, QED Investors, Point72 Ventures, Kaszek Ventures, Thomvest Ventures, Broadhaven Ventures, Ignia, Elevar Equity, and John J. Mack. David Poritz David Poritz, Co-Founder & Co-CEO of Credijusto, is responsible for leading the finance and legal departments as well as all investor outreach and engagement, including relationships with banks, credit funds and equity investors. Prior to Credijusto, he was the Co-Founder & President of Equitable Origin, an organization focused on standards development and certification of responsible energy development. David was a Rhodes Scholar at the University of Oxford and holds an undergraduate degree from Brown University where he was a Harry S. Truman Scholar. About Credijusto Founded in 2015, Credijusto is a financial technology company focused on lending to the underserved and rapidly growing small and medium-sized enterprise (SME) market in Mexico — via products that are superior in price, speed of delivery and quality of customer experience. The company uses a combination of cutting-edge software design, innovative applications of data science and advanced internal processes for decision making and product structuring.
Sep 21, 2020
Leading Innovation in the Mortgage Industry - Kenon Chen, Corporate Strategy at Clear Capital
00:27:33
In our latest episode of the Wharton Fintech podcast, Anchit Gupta (WG’21) is joined by Kenon Chen, Head of Corporate Strategy at Clear Capital, a leading real estate valuation, analytics and platform technology solutions company. Clear Capital is the largest independently-held real estate analytics firm in the US, having 47 of the top 50 US lenders (banks) as customers. As the Head of Corporate Strategy, Kenon Chen sits at the intersection of the executive, product, marketing, and sales teams, guiding growth and ensuring the delivery of consistent and long-term value to customers and partners. Kenon has developed and launched some of their most forward-looking solutions, including ClearProp and ClearCollateral. After honing his engineering and tech leadership skills in San Francisco as a director of technology for Roundpeg, Kenon was introduced to the mortgage industry in the early 2000s leading tech projects for a large lender. In this interview, Kenon shares: - His educational background and journey before joining Clear Capital - The history of Clear Capital and its launch - Clear Capital’s customer base and competitive landscape - The challenges of working in the dynamic real estate industry - Their new remote inspection tool for property valuation during COVID-19 - The impact of technology in revolutionizing the real estate industry - The firm’s expansion plans beyond the US and the change in the firm’s strategy due to the pandemic - Kenon’s opinion on the future of real estate industry Enjoy the show.
Sep 18, 2020
How Entrepreneurs Can Avoid Legal Mistakes with Daniel Green, Partner at Gunderson
00:53:12
In this episode, Miguel Armaza sits down with Daniel M. Green, Partner and Co-head of Gunderson Dettmer’s Latin America practice group, an international elite law firm focused on startups and venture capital. Dan’s focus is Latin America and Europe, where he represents companies as well as U.S. and international investors pursuing business opportunities in those regions. His practice encompasses all areas of corporate and securities law, including company formation and financing, public offerings, debt transactions, corporate governance and investor-side financings. Recent transactions handled by Dan include Uber’s Cornershop acquisition, recent financings by Clip, Konfio, Credijusto, and Valar Ventures’ investments in TransferWise, N26, and many more. Dan holds a JD from Harvard Law School and a Bachelor from Stanford University.
Sep 17, 2020
Disruptive Entrepreneurship with Alexis Pantazis and Emilios Markou from Hellas Direct
00:51:05
Miguel Armaza sits down with Alexis Pantazis and Emilios Markou, Co-Founders of Hellas Direct, a digital-first, full-stack insurance company located in Greece. Modeling itself on Amazon, Hellas Direct aims to disrupt the insurance value chain by adopting an extreme focus on operational excellence and data analytics. Hellas Direct was recently listed by the Financial Times as one of Europe’s 1,000 Fastest Growing Companies. The company is backed by a roster of leading investors, including Portag3, the IFC from the World Bank, Endeavor Catalyst, and a number of world-renowned angel investors. Alexis Pantazis Alexis Pantazis is the Co-Founder and Executive Director of Hellas Direct. Prior to Hellas Direct, he was an Executive Director at Goldman Sachs where he led principal investing and new strategic initiatives for the firm in the European investment management field. A former strategy consultant with the Boston Consulting Group, he also worked for Miramax Films in New York and the Competition Directorate General of the European Commission in Brussels. Alexis is a Fulbright and British Chevening Scholar, a Robert & Diane Levy Fellow and an Endeavor Global Entrepreneur. Emilios Markou Emilios Markou is the Co-Founder and Executive Director of Hellas Direct. Prior to Hellas Direct, he was a Director in the European Financial Institutions Structuring team at Barclays Capital. Before that, he was an Executive Director at the Goldman Sachs Investment Banking Division where he led a number of projects within the firm's European insurance practice. A former strategy consultant with McKinsey & Company, Emilios advised a number of European, US and Asian clients on numerous strategic issues in insurance, banking, energy and transportation. Emilios is a Fellow of the Institute of Actuaries (FIA) in the United Kingdom and an Endeavor Global Entrepreneur. Hellas Direct profile Hellas Direct is a digital-first, full-stack insurance company, empowered by cutting-edge technology and the use of advanced analytics. The company is backed by a roster of leading investors, including Portag3, IFC (a member of the World Bank), Endeavor Catalyst, former Goldman Sachs economist Lord O’Neill and private equity veteran Jon Moulton. Modelling itself on Amazon, Hellas Direct aims to disrupt the insurance value chain by adopting an extreme focus on operational excellence. Hellas Direct was recently listed by the Financial Times as one of Europe’s 1,000 Fastest Growing Companies.
Sep 15, 2020
Developing Talent & Culture with Crystal Williams, Chief HR Officer at FLEETCOR
00:35:11
Miguel Armaza sits down with Crystal Williams, Chief Human Resources Officer for FLEETCOR (NYSE: FLT), a leading payments company that aims to simplify the way businesses manage and pay their expenses by allowing them to automate, secure, digitize, and control payments on behalf of their employees and suppliers. FLEETCOR operates around the world and is listed on the NYSE with a current market cap of $20 billion. Crystal leads human capital across multiple business units and geographies and serves as strategic advisor to the Chairman and CEO. She is also an MBA graduate from the Wharton School. Crystal Williams Crystal Williams is the Chief Human Resources Officer for FLEETCOR, a leading global payments company. Williams leads human capital across multiple business units and geographies and serves as strategic advisor to the Chairman and CEO. She applies deep-rooted experience to establish widespread success in her key roles in mergers and acquisitions, talent management, and organizational development. During her 17-year tenure, Williams navigated the cultural transition around FLEETCOR’s IPO, grew the workforce from a few hundred to more than 8,000 employees, instituted numerous successful leadership development programs and leads a 129-person HR department with team members spanning 9 countries. Her strategic and dynamic approach to HR and leadership has earned recognition from the Atlanta Business Chronicle, Women Worth Watching and the Stevie Awards for Women in Business. Williams received an MBA in strategic management from the Wharton School of the University of Pennsylvania. About FLEETCOR: FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands helps companies automate, secure, digitize, and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners, and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.
Sep 13, 2020
Avoiding Career Inertia & Pursuing a 3rd Act - Caribou Honig, Investor Extraordinaire
00:41:38
In this Wharton Fintech Podcast, Miguel Armaza is joined by Caribou Honig, Chairman & Co-founder of InsurTech Connect, as well as Co-founder of the HR Transform Conference, focused on the impact of technology on the workplace. Caribou is also a legendary investor that sits on the board of several startups. He previously co-founded QED Investors, a VC firm focused on data-driven companies, was a top executive at Capital One, and is currently a partner at SemperVirens, a VC focused on the Future of Work. Caribou’s Insurtech Connect, the leading InsurTech conference, will be taking place September 21 – 23, bringing 200+ leaders to the virtual stage. Register and find more information at https://insuretechconnect.com/ Caribou Honig Caribou Honig enjoys pursuing harebrained ideas and supporting the creation of new businesses. He is Chairman & Cofounder of InsureTech Connect as well as cofounder of the HR Transform conference focused on the impact of technology on the workplace. Caribou is an independent board director with several startups and is a partner at SemperVirens, a VC firm focused on the Future of Work. He previously cofounded QED Investors, a boutique venture capital firm focused on data-driven companies. Caribou and his wife live in Richmond, Virginia with their two occasionally annoying dogs.
Sep 10, 2020
Fintech Trends and Opportunities with Donna Parisi, Global Head of Finance at Shearman & Sterling
00:22:20
Miguel Armaza is joined by Donna Parisi, Global Head of the Finance Business Unit for Shearman & Sterling, a global law firm with over 850 lawyers in 24 offices worldwide. Donna is one of the firm’s Financial Services Industry leaders and also leads Shearman & Sterling’s FinTech Foundry and Shearman Women, the firm’s women’s initiative. About Shearman & Sterling With more than 850 lawyers in 24 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow.
Sep 08, 2020
Fintech for the Future of Work with Craig J. Lewis, CEO & Founder of GigWage
00:36:03
Miguel Armaza sits down with Craig J. Lewis, Founder and CEO of Gig Wage, a company building modern payment tools for the future of work. Gigwage’s innovative vision aims to modernize an antiquated industry by designing a service that meets the needs of on-demand workforces. Craig graduated from Morehead State University and upon graduation became a Professional Basketball player across Europe, until returning back state side and becoming an expert in payroll technology. Prior to building Gig Wage, Craig became the Chief Strategy Officer of Kairos, a facial recognition/emotion detection startup. Craig was an excellent guest and is an ambitious dreamer who believes is technology’s capacity for wealth creation and its ability to improve lives. He is committed to building this legacy for his family, wife, and 4 children, while elevating the community around him through mentorship and growth.
Sep 04, 2020
Simplifying India's Payments with Nitya Sharma, CEO & Co-Founder of Simpl
00:36:34
In our latest episode of the Wharton Fintech podcast, Anchit Gupta (WG '21) sits down with Nitya Sharma, CEO and Co-Founder of Simpl. Simpl is a technology company that offers Pay-later solutions in India. Simpl has revolutionized online checkout in India by creating a market-leading Pay-Later platform, empowering e-commerce merchants to offer their consumers 1-click checkout, a line of credit at POS, and full buyer protection. Before starting Simpl, Nitya worked on Wall Street for more than 10 years, where he structured, traded and risk-managed structured credit portfolios at Bear Stearns and Goldman Sachs. Before that, he was a co-founding portfolio manager at JNF Financial, a distressed credit hedge fund from 2010–2014.   Nitya initially moved back to India with the objective of starting an emerging-markets focused hedge-fund. However, he experienced the shortcomings of the Indian payments and credit stack first-hand when his credit card application was declined. This experience prompted him to dig deeper into the Indian payments landscape and subsequently led to the founding of Simpl. In this interview, Nitya shares: - His educational background and journey as an entrepreneur - His motivations for launching Simpl - Simpl's business model and the challenges of underwriting risk in a cash-first economy like India - Differences between banking infrastructure in India and the US - Simpl's plans to compete with financial incumbents as well as big tech firms such as Amazon and Google - The impact of the COVID-19 crisis on Simpl - Nitya's future plans for the organization Nitya has his B.E. in Mechanical Engineering from Punjab Engineering College and his Masters in Financial Engineering from the University of Michigan.
Sep 02, 2020
Join us at the Wharton Hackathon with Sarah Hammer from the Stevens Center for Innovation in Finance
00:25:13
Miguel Armaza sits down with Sarah Hammer, Managing Director of the Stevens Center for Innovation in Finance at the Wharton School of the University of Pennsylvania. The Stevens Center is the premier research, education, and thought leadership institution in the world for financial technology and blockchain. Amongst Sarah’s many interesting initiatives, she is now leading and helping organize the upcoming Wharton Hackathon, COVID and the Economy, taking place September 21-27, 2020! Visit the website at https://whartonhackathon.com/ for full details, rules and to register yourself or a full team. Hackathon Prompt: How has COVID-19 affected different aspects of the global economy and financial markets? The Wharton Hackathon is open to anyone around the world and we are seeking a diverse group of participants from all levels of experience and academic and professional backgrounds. Teams can consist of 1-4 members and no technical expertise is necessary. Registration closes Friday, September 18th at 12:00 PM. There is no cost to register. Submissions are due Friday, September 25th @ 5:00 PM. Participants will compete for prizes totaling $4,000. We are also excited to announce that throughout the hackathon, academics and accomplished industry professionals will hold virtual discussions on the effects of COVID-19 on a variety of topics related to the economy and financial markets.
Sep 01, 2020
Solving Consumer Financial Needs with Lupina Iturriaga, Founder & Co-CEO of Fintonic
00:36:49
Miguel Armaza sits down with Lupina Iturriaga, Founder and Co-CEO of Fintonic, the leading financial platform in Spain, solving the main financial needs more than 1 million users, by enabling them to make payments worldwide with the Fintonic account and to control their finances in the same app. Launched in 2012 at the height of the financial crisis in Spain, Fintonic has raised over $50 million in funding from backers including Atresmedia, Blackbox, ING Ventures, Premier Specialty Network, All Iron Ventures, Ideon Media. Lupina graduated in Business Administration and Management from CUNEF, where she was awarded a scholarship based on academic merit, which proved her worth within the business and financial sector. For some time she was fully dedicated to the world of banking, first in New York and then in Madrid, where she spent some years in the world of treasury and commercial banking, to finally join the company IDEON as a partner, leader in the area of financial consulting. Lupina Iturriaga's professional career positioned her as an expert in financial planning from a very young age and this, together with her entrepreneurial profile, led her to found Fintonic in Spain. FINTONIC was born at the end of 2012, proving a success among those interested in taking advantage of new technologies applied to simplify and control personal finances, saving, getting the best financing and a very exclusive card and account available to its users. Today, more than one million users are already taking advantage of this application, which offers information in a neutral and objective way, so that any citizen can make the best decisions regarding their money, save and also contract the best products from more than 50 entities directly from their mobile phones. Fintonic's usefulness and efficiency in managing personal finances has earned it the first Mobile Innovation Award in the Finance sector from Google, and it was named by IOS as the best Finance app, included in the select ranking of the best 20 apps, with Fintonic being the only one in Finance.
Aug 31, 2020
Digitizing Japan’s Status Quo with Shinichi Takatori, Founder/CEO of Kyash
00:32:06
Miguel Armaza is joined by Shinichi (Shin) Takatori, Founder and CEO of Kyash the largest digital bank in Japan offering digital wallet, mobile payments, and credit card services. Launched in 2015, Kyash has raised more than $70 million in funding from backers including all three major Japanese megabank groups and venture capital investors including Greenspring Associates and Broadhaven Capital Partners. Prior to Kyash, Shin worked at Sumitomo Mitsui Banking and Kurt Salomon Consulting. He is a graduate of Waseda University.
Aug 28, 2020
Unlocking Entrepreneurial Progress with Vanessa Colella, Head of Citi Ventures
00:40:16
Vanessa Colella is Citi’s Chief Innovation Officer (CIO), Head of Citi Ventures, and Head of Citi Productivity. She is focused on harnessing the power of Citi to help people, businesses, and communities thrive in a world of technological, behavioral, and societal change. Before assuming the role of CIO, Vanessa led venture investing and D10X for Citi Ventures, and previously ran marketing for Citi’s North American Consumer Bank. She joined Citi in 2010 from U.S. Venture Partners (USVP) after having held senior roles at Yahoo and McKinsey & Company. Vanessa received her masters’ degrees from Columbia University and M.I.T. as well as a Ph.D. from M.I.T.’s Media Lab. She holds an S.B. degree in molecular biology from M.I.T. and currently serves as a member of the Corporation’s Visiting Committee for the Media Lab.
Aug 26, 2020
Simplifying Small Business Payments with Veem's Co-Founder & CEO, Marwan Forzley
00:13:49
In our latest episode of the Wharton Fintech podcast, Anchit Gupta (WG’21) is joined by Marwan Forzely, co-founder and CEO of Veem, a global payments company helping small businesses transfer money internationally. Veem is revolutionizing global business payments and wire transfer systems to help small businesses grow at home and abroad. Marwan is also the author of “Small Business in a Big World: A Comprehensive Guide to Doing International Business." Formerly of Western Union and eBillMe, Forzley is a thought leader in global finance, innovating in the space through disruptive technology like blockchain. In this interview, Marwan shares: - His background and journey as an entrepreneur - The difference between SWIFT and bitcoin-based transfers - The various ways in which Veem is helping businesses transfer money across borders - The impact of the COVID-19 crisis on Veem as well as their response to the pandemic and SBA Paycheck Protection Program - His opinion on the future of contactless payments - Advice to young entrepreneurs hustling through this crisis
Aug 24, 2020
Making Fintech Possible with Iñigo Rumayor, Co-Founder and CRO of Arcus
00:21:30
In this Wharton Fintech Podcast episode, Miguel Armaza is joined by Iñigo Rumayor, Co-Founder and CRO of Arcus, the leading platform making fintech possible for everyone in the Americas. Arcus’ fintech-as-a-service platform helps any business launch a fintech business across the Americas including BBVA, Santander, Walmart, 7-Eleven and Rappi. Based in New York City, Arcus has raised $16M from Y-Combinator, Ignia, Maverick, Winklevoss, Initialized, HOF and Kapor. Inigo Rumayor Inigo is the co-founder and CRO of Arcus, the leading platform making fintech possible for everyone. Arcus’ fintech-as-a-service platform helps any business launch a fintech business across the Americas including BBVA, Santander, Walmart, 7-Eleven and Rappi. In his current role, Inigo is responsible for generating, managing and ensuring the growth of Arcus' business. As a founding member of Arcus, Inigo has served in several roles at the company, including a Vice President and CFO. Prior to Arcus, Inigo worked at Morgan Stanley and as the Managing Director of Rumayor Genetics, his family business, managing all aspects of the operations and expansion of the company. He is a graduate of the University of Pennsylvania. About Arcus Arcus is the leading platform making fintech possible for everyone. Arcus’ fintech-as-a-service platform helps any business launch a fintech business. The world’s largest and most innovative companies choose Arcus to launch fintech products across the Americas including BBVA, Santander, Walmart, 7-Eleven and Rappi. The company is based in New York City and has raised $16M from Y-Combinator, Ignia, Maverick, Winklevoss, Initialized, HOF and Kapor. For more information, please visit https://www.arcusfi.com/
Aug 23, 2020
Leading a Public VC with Tim Levene, CEO of Augmentum FinTech
00:43:22
On today's episode, Ryan Zauk sits down with Tim Levene, Co-Founder & CEO of Augmentum Fintech. Augmentum invests in fast-growing fintechs disrupting financial services and is the UK's only publicly listed investment company focusing fintech in Europe. Launched on the London Stock Exchange in 2018, Augmentum gives businesses access to patient capital and support unrestricted by conventional fund timelines. This structure also gives public market investors access to a largely privately held investment sector during its main period of growth. Their portfolio of 19 fintech companies includes Tide, interactive investor, iwoca, Zopa, Monese, BullionVault and Farewill. In this episode, we discuss: - Getting started in a fledgling EU VC & Entrepreneurship Scene - The Decision to go Public as a VC - Why fintechs stay private and how it hurts the public investor - His portcos and some he's kept his eye on including "death services" …and more Tim Levene is Co-Founder and CEO of Augmentum Fintech plc. As well as being an active fintech investor, Tim is an experienced entrepreneur, having also co-founded juice bar business Crussh and betting exchange Flutter.com, the latter of which became one of the highest-profile internet businesses in the UK after it merged with Betfair.com. Tim subsequently served as Commercial Director of Betfair. For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Aug 21, 2020
Impact-Driven VC with Emmalyn Shaw, Managing Partner of Flourish
00:31:51
In our latest podcast, Peter Jankovsky (WG'20) is joined by Emmalyn Shaw, Managing Partner at Flourish, a $500 M global venture fund whose investments leverage technology to advance financial health and economic resilience. Emmalyn co-manages the fund and leads its US investment efforts. She has 20 years of technology investing experience, working closely with entrepreneurs to build large-scale businesses. In this extensive interview, Emmalyn shares: • Flourish's goal of advancing financial health and how it grew out of Omidyar Network's impact mission • How Flourish identifies investment themes as well as specific companies to invest in • Portfolio companies that Emmalyn is especially excited about, and how they are helping consumers during COVID-19 • FinTech’s role in helping consumers overcome the financial challenges they are facing • Advice that Emmalyn has for those building careers as venture capitalists and/or entrepreneurs Prior to Flourish, Emmalyn was a Managing Partner at Omidyar Network where she co-managed the financial inclusion team. She joined Omidyar from Oak Investment Partners, where she was a venture partner. Prior to that, Emmalyn held roles at VantagePoint Partners and Barksdale Group. She began her career at Morgan Stanley and MSCI Barra. Emmalyn holds an MBA from Wharton and a BA from University of California at Berkeley, where she graduated summa cum laude and Phi Beta Kappa. When not with entrepreneurs, Emmalyn enjoys time with her husband and six kids.
Aug 19, 2020
Transforming Debt Collections with Hanif Joshaghani, Co-Founder & CEO of Symend
00:41:16
In today's episode, Ryan Zauk sits down with Hanif Joshaghani, Co-Founder & CEO of Symend. Symend is a Calgary-based FinTech helping transform the impersonal, outdated, and inefficient problem of debt collections across the world.  Symend's digital engagement platform combines behavioral science, AI and machine learning to provide a simple, personalized experience that empowers customers to take desired actions while improving outcomes and collector KPIs. Demand has only increased during COVID, where Symend has helped numerous companies personally engage each customer depending on his or her unique situation. Hanif shares how his own experiences as a child inspired him to create Symend, how the product works, how he spotted COVID back in January, and how he raised $52 million virtually. Hanif is serieal entrepreneur who is passionate about building high performing teams that deliver results for clients. Hanif's background includes 15 years of senior roles in capital markets, energy finance, business development and entrepreneurship in a broad range of industries including investment banking, energy and technology. He has raised about $100MM across the four companies he has founded with several exits to date. Hanif is also passionate about helping other entrepreneurs and is an active angel investor in several technologies companies. Hanif received his BA in Economics from UChicago and an MBA from the University of Toronto - Rotman School of Management. For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Aug 17, 2020
Breaking Currency Borders with Prajit Nanu, CEO and Co-Founder of NIUM
00:38:04
In this episode, Miguel Armaza is joined by Prajit Nanu, CEO and Co-Founder of NIUM, a global fintech platform that aims to break currency borders by allowing businesses and consumers to send, spend and receive funds anywhere in the world. Founded in 2014, Nium now has hundreds of employees around the world and has attracted investment from industry leaders, including Beacon Venture Capital, MDI Ventures, Vertex Growth, Visa Ventures, and Rocket Internet. Prajit Nanu, Co-Founder and CEO of NIUM Prajit Nanu is the Co-Founder and CEO of NIUM, a global financial technology platform that aims to break currency borders by empowering businesses and consumers to send, spend and receive funds anywhere in the world in a more convenient and transparent way. Based in the company’s headquarters in Singapore, Prajit is responsible for expanding the company’s geographic reach and establishing NIUM as a leading financial technology platform all over the world. He oversees not just NIUM’s B2B arm of the business, but also its B2C platform InstaReM, powered by NIUM’s technology. Prajit is also responsible for driving innovation in key markets that NIUM has offices in, including Australia, Canada, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, United Kingdom and the United States of America. Prior to co-founding InstaReM and eventually, NIUM, Prajit held leadership positions in various global organizations. He was the Global Sales Director at TMF Group, a multinational professional services firm headquartered in Amsterdam, and was the Vice President of Sales and Account Management at WNS Global Services, a business process management company. Prajit holds a Bachelor’s in Commerce & Economics from the University of Mumbai.
Aug 16, 2020
Empowering Mexican Businesses with Adolfo Babatz, Founder & CEO of Clip
00:35:19
In this podcast, Miguel Armaza is joined by Adolfo Babatz, Founder and CEO of Clip, the leading solution in Mexico for small and medium businesses to accept digital payments. Founded in 2012, Clip now has more than 400 employees across Mexico and the US and has raised close to $150 million in equity from leading investors, including SoftBank, General Atlantic, Google for Startups Accelerator, and Angel Ventures. Adolfo Babatz Adolfo is the founder and CEO of Clip, the leading solution in Mexico for SMBs to accept digital payments. The company currently has more than 400 employees in different offices located in Salt Lake City, California, Utah, Guadalajara and Mexico City. Before Clip, Adolfo was responsible for Customer Engagement and New Product Development for PayPal Latin America. Before moving into the Engagement team, Adolfo led the team that opened PayPal in Mexico. Right before PayPal, Adolfo studied an MBA at MIT where he specialized in Entrepreneurship & Economics of Information. Previously, Adolfo worked as an advisor to the Executive Vice President of Grupo Desc, one of the largest industrial conglomerates in Mexico and shortly thereafter, was part of the founding team of The Carlyle Group Mexico, where he worked as an analyst. Adolfo Babatz Adolfo is the founder and CEO of Clip, the leading solution in Mexico for SMBs to accept digital payments. The company currently has more than 400 employees in different offices located in Salt Lake City, California, Utah, Guadalajara and Mexico City. Before Clip, Adolfo was responsible for Customer Engagement and New Product Development for PayPal Latin America. Before moving into the Engagement team, Adolfo led the team that opened PayPal in Mexico. Right before PayPal, Adolfo studied an MBA at MIT where he specialized in Entrepreneurship & Economics of Information. Previously, Adolfo worked as an advisor to the Executive Vice President of Grupo Desc, one of the largest industrial conglomerates in Mexico and shortly thereafter, was part of the founding team of The Carlyle Group Mexico, where he worked as an analyst. Clip Clip is Mexico’s leading solutions for SMBs to accept digital payments. Clip transformed card acceptance in Mexico by offering different models of portable card-reading hardware to accept all credit and debit cards as well as other payment options. The company is focused on empowering Mexican businesses via a set of tools designed to increase merchant’s sales and help them manage their business. The company currently offers hardware products and other solutions to help merchants thrive. For more information visit www.clip.mx Clip is a financial technology startup based in Mexico City (MEX) and Silicon Valley (USA).
Aug 14, 2020
Leading Russia’s Fintech Innovation with Oliver Hughes, CEO of Tinkoff
00:46:06
In this podcast, Miguel Armaza sits down with Oliver Hughes, CEO of Tinkoff Bank- the leading Neobank in Russia and one of the largest fintechs in the world. The Tinkoff ecosystem offers a full range of financial services for individuals and businesses and has evolved into one of the largest super-apps of the region. Listed on the London Stock Exchange as well as the Moscow Stock Exchange, Tinkoff has a Market Cap of nearly $5 Billion with an ROE of 59%. Oliver Hughes, Tinkoff CEO At Tinkoff, Oliver Hughes is heading the team that is building Russia's leading financial ecosystem. He joined Tinkoff as CEO in 2007 right at the start of the project and has been at the helm every step of the way, helping Tinkoff grow into the world's largest independent digital bank with 11 m customers. Before joining Tinkoff, Oliver worked for Visa International for a decade, including as Head of Visa in Russia from 2005 until 2007. Prior to Visa, he held various positions including at Reebok, Shell UK and the British Library. Oliver holds a Master of Arts degree in International Politics from Leeds University and a Master of Science degree in Information Management and Technology from City University in London. He also has a Bachelor of Arts (First Class) degree in Russian and French from the University of Sussex. Tinkoff Ecosystem Tinkoff is an online financial ecosystem centred around the needs of its customers. The Tinkoff ecosystem offers a full range of financial services for individuals and businesses. With a focus on lifestyle banking, the Tinkoff ecosystem enables customers to assess and plan personal spending, invest their savings, earn loyalty programme bonuses, book trips, buy movie tickets, make restaurant reservations and much more. All Tinkoff services are accessible via our mobile applications and on the Tinkoff.ru website. The Tinkoff ecosystem is branchless: its proprietary network of smart couriers can deliver the Company’s products anywhere in Russia in the shortest time span possible, and customer service is handled online and by call centres (both office and cloud-based). Tinkoff makes active use of AI and machine learning technologies to streamline communications: over 30% of customers' chat queries are resolved with no employee involvement. All Tinkoff products and most of its IT systems have been developed in-house. Some 70% of the bank’s HQ staff are IT specialists. At the core of the ecosystem is Tinkoff Bank, which was founded in 2006 and has since become one of the world’s biggest independent direct banks with over 10 million customers. In 2018, Global Finance named Tinkoff Bank the world’s Best Consumer Digital Bank, in 2019, 2018, 2016 and 2015, the Best Consumer Digital Bank in Russia, and in 2019, the Best Consumer Digital Bank in Central and Eastern Europe. In 2017 and 2013, the Banker recognised Tinkoff Bank as the Bank of the Year in Russia. The bank’s parent company — TCS Group Holding PLC — has been listed on the London Stock Exchange and on the Moscow Exchange. The 9M 2019 IFRS net income of TCS Group Holding PLC amounted to RUB 25.1 bn. The ROE was 59%.
Aug 12, 2020
Building a Financial Giant with Lex Greensill, Founder and CEO of Greensill Capital
00:42:43
Miguel Armaza sits down with Lex Greensill, founder and CEO of Greensill Capital, a leading provider of working capital and supply chain finance solutions for businesses and individuals around the world. Founded in 2011, Greensill employs over 1,000 people worldwide and has raised close to $1.3 billion in equity from some of the largest funds in the industry, including SoftBank and General Atlantic. Lex Greensill Lex Greensill, Co-founder and CEO of Greensill Capital, saw first-hand the impact that an inefficient financial supply chain can have on a family’s finances, growing up on his parents’ sugar cane farm in Australia. Farming sugar cane is highly inefficient when it comes to working capital and getting paid. It takes up to 18 months to grow the crop and then another 12 months to get paid for it. Lex’s parents couldn’t afford to send him to university. He clerked at a country law firm, studied law at by correspondence at night and worked pro-bono for the Queensland Fruit and Vegetable Growers Association with a brief to make sure farmers got paid promptly. That principle, and the payment code Lex devised for farmers in Australia, became the foundation of Greensill that still guides the company today. Lex’s vision was always to make finance fairer for everybody. As a business, Greensill is harnessing its technology and financial expertise to accelerate the movement of cash into the real economy. Lex previously established the global SCF business at Morgan Stanley and led the EMEA SCF business at Citi. Lex holds an MBA from Manchester Business School and is a Solicitor of the Supreme Courts of England and Wales, and Queensland. In 2018, Lex was awarded the CBE for services to the UK economy. About Greensill Greensill makes access to finance faster, cheaper and fairer. Powered by financial technology but with deep expertise in credit management, we accelerate the movement of capital to where it is needed most, in the real economy. And through our vision of equal access to finance, we want to revolutionise the world of work, so no-one should have to wait to be paid. Greensill is the market-leading provider of working capital finance for businesses and people globally. Our more than 800 specialists worldwide have provided $143bn of financing in 2019 to more than 8m customers and suppliers in over 175 countries.
Aug 10, 2020
Reimagining Small Business Insurance with Jay Bregman, CEO and Founder of Thimble
00:25:23
In this podcast, Miguel Armaza sits down with Jay Bregman, Founder and CEO of Thimble, an on-demand insurance startup for small businesses and independent workers. Thimble is the first company to offer on-demand insurance by the hour, day, or month to cover the 57 million people who work independently in the US. Jay is an accomplished entrepreneur who previously founded two successful startups, including Hailo, a London-based ridesharing company backed acquired by Daimler Mercedes-Benz in 2016. Jay Bregman Jay Bregman is the Cofounder and CEO of Thimble, an on-demand insurance partner for small businesses and independent workers. An innovator in the $100 billion small business insurance market, Thimble is the first and only company to offer on-demand insurance by the hour, day or month to cover the 57 million people who work independently. Thimble has raised over $29 million from top investors including IAC. Bregman is an accomplished entrepreneur who previously founded Hailo, a London-based ridesharing company backed acquired by Daimler Mercedes-Benz in 2016. Earlier, he founded and sold a technology-enabled services company to Royal Mail, the U.K. equivalent of USPS. Bregman holds a Master’s Degree from the London School of Economics and Political Science and a Bachelor’s Degree from Dartmouth College. About Thimble Thimble's mission is to make insurance simple, to help businesses succeed on their own terms. Its flexible insurance policies are designed with small businesses in mind, who face great uncertainty in normal times, and are now on the road to economic recovery. Available by-the-month or for as little as one hour, Thimble coverage takes less than one minute to obtain and can be scaled up, adjusted or paused at any time. Thimble has sold over 100,000 policies representing over $125B in coverage since launching in 2016. Founded by Jay Bregman and Eugene Hertz, Thimble is based in New York City and has raised over $29 million in funding from IAC and other top firms. All General Liability and Professional Liability policies are underwritten by Markel Insurance Company. For more information, visit www.thimble.com.
Aug 07, 2020
Growth Equity FinTech Investing with Chris Sugden, Managing Partner at Edison Partners
00:25:27
In our latest podcast, Peter Jankovsky (WG'20) is joined by Chris Sugden, Managing Partner of Edison Partners. Edison Partners is a 32-year old tech investment firm specializing in fintech, healthcare, IT, and enterprise solutions with $1.6 B in AUM. Chris leads the firm's FinTech practice and has led 32 financings including 20 new investments and has served as a Director of 21 companies. In this extensive interview, Chris shares: • Edison's storied history investing in growth equity and the unique value it brings to entrepreneurs through Edison Edge • What he looks for when investing in entrepreneurs • Edison portfolio companies that are innovating across consumer banking, asset management, regtech, and payments • His views on the key themes shaping FinTech, including the impact of COVID-19 Prior to Edison, Chris held several roles at start-ups and began his career at PwC.
Aug 05, 2020
Enabling E-Commerce Across Africa with Daniel Yu, Founder CEO of Sokowatch
00:31:52
In this episode, Miguel Armaza is joined by Daniel Yu, Founder and CEO of Sokowatch, a B2B e-commerce platform with integrated financial services and logistics transforming access to essential goods for communities across Africa. With operations across Kenya, Tanzania, Rwanda, and Uganda, Sokowatch provides free same-day delivery of essential goods to over 16,000 informal retail shops as well as additional services to help them grow. Daniel Yu is the founder and Global CEO of Sokowatch. Prior to founding Sokowatch, Daniel worked as a software developer for several early-stage startups in the US and attended the University of Chicago where he focused on International Studies and Linguistics before dropping out. Through his work with Sokowatch, Daniel has received international recognition as the winner of the Prince of Wales Young Entrepreneur Prize, designation by the White House as an Emerging Global Entrepreneur, and as one of Forbes 30 Under 30 Social Entrepreneurs. Daniel has worked in or traveled to 60+ countries and speaks Mandarin, Swahili, Portuguese, Spanish, Arabic, Cantonese, and French.
Aug 03, 2020
Future of Wealth Management and Investment – Future of Banking Week
00:38:35
On this episode, Miguel Armaza moderates the Wealth Management and Investment panel as part of the Future of Banking Week, joined by three excellent guests: • Ed Robinson, President and co-founder of STASH, one of the fastest-growing consumer investing and banking platforms in the U.S., pioneering the future of personal finance. • Joe Percoco, Co-CEO and Co-Founder of Titan, a digitally-native investment manager based in New York City backed by Y-Combinator, Box Group, Maverick, and others. • Ryan Finneran, Director of Investment Operations at Moneylion, a leading mobile finance platform offering consumer products for borrowing, saving, and investing. Ed, Joe, and Ryan are leading some of the most revolutionary Wealth Management platforms in the world. Although each company has its own distinct focus, we can find plenty of commonalities amongst them as they attempt to democratize asset management services. All three are reimagining financial services and using modern tools to create a delightful user experience. Every single one of them is laser-focused on providing the right educational tools for their clients to foster investing literacy and helping its customers make the best decisions. And, most importantly, they understand that the only way to compete and win against large incumbent asset management houses is to build trust and loyalty at the beginning of their client’s investing life while recognizing their products will also have to evolve and mature with their users.
Aug 02, 2020
P2P Lending in Southeast Asia with Kelvin Teo, Co-Founder of Funding Societies
00:36:40
Miguel Armaza is joined by Kelvin Teo, Co-founder of Funding Societies (Modalku in Indonesia), the largest SME digital financing platform in Southeast Asia, licensed in Singapore, Indonesia and Malaysia, and backed by Sequoia, Softbank, and many more. In four years, Funding Societies has helped finance over 2 million business loans with over $1 billion in funding. About Kelvin Kelvin Teo is the co-founder of Funding Societies. Selected as one of the Top 200 FinTech Influencers in Asia and appointed Co-Chairperson for the Marketplace Lending Committee of Singapore FinTech Association, Kelvin has spoken at major conferences such as LendIt Shanghai, Boao Hainan and Money20/20. He has also been featured on Bloomberg, BBC and Business Times. Prior to this, Kelvin served as a consulting professional at KKR, McKinsey and Accenture. Kelvin graduated from Harvard Business School and National University of Singapore, and is a certified Chartered Accountant. About Funding Societies Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. It is licensed in Singapore, Indonesia and Malaysia, and backed by Sequoia India and Softbank Ventures Asia Corp amongst many others. It provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by individual and institutional investors. In 4 years, it has helped finance over 2 million business loans with over $1 billion in funding. It was given the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, Brands for Good in 2019, and recognized by IDC as amongst the 5 fastest growing FinTechs in Singapore in 2020.
Jul 31, 2020
Securing Your Digital Identity With Vinny Lingham, Civic CEO
00:17:04
In today's episode, Ines Gonzales Del Mazo sits down with Vinny Lingham, CEO of Civic. Civic is a personal identity protection and management service that allows banks, financial institutions, and other merchants to confirm the usage of social security numbers with the true owner of that number before creating new accounts. Vinny is a South African Internet entrepreneur who is the co-founder & CEO of Civic. He was previously the founder and CEO of Gyft (acquired by First Data Corporation in 2014 for over $50m) & Yola, Inc. He is also the co-founder of SiliconCape, an NGO based in South Africa that aims to turn Cape Town into a technology hub. Vinny was named one of the Top 500 CEOs in the world by Richtopia in 2015.
Jul 29, 2020
Data-Driven Lending in Latin America with Tarek El Sheriff, Founder and CEO of Zinobe
00:26:48
Miguel Armaza is joined by Tarek El Sheriff, Founder and CEO of Zinobe, a Colombian fintech specialized in online lending. Founded in 2012, Zinobe has made almost 1.3 million loans and uses technology to develop online credit products for consumers and small businesses. Zinobe has developed a data-centric credit model to help target underserved markets in Colombia. In 2020, Zinobe was the highest-ranked Colombian company on the FT's fast-growing companies ranking with a compound annual growth rate (CAGR) of more than 100%.
Jul 27, 2020
Helping SMBs stay afloat during COVID - Jared Hecht, Co-founder & CEO of Fundera
00:27:34
In our latest episode of the Wharton Fintech podcast, Anchit Gupta (WG’21) is joined by Jared Hecht, Co-founder & CEO of Fundera, an online marketplace that matches SMB to lenders. Fundera is a financial-services marketplace for small businesses, helping connect business owners with the right lenders. Fundera is helping thousands of SMBs right now to help them navigate the chaotic Paycheck Protection Program application process. Since inception, Fundera has facilitated close to 3Bn USD financing for thousands of customers. Back in 2010, Jared also founded GroupMe, a popular group messaging app. GroupMe was a massive success with over 1 Mn users within a year and was eventually acquired by Microsoft and Skype. Prior to GroupMe, Jared worked as an early employee at Tumblr. He currently serves on the Advisory Board of the Columbia University Entrepreneurship Organization and is an investor and advisor to startups such as Codecademy, SmartThings and TransferWise. In this interview, Jared shares: - His background and journey across 2 very different entrepreneurial ventures - The challenges faced by Small and Medium Businesses to access financing in the United States - The various ways in which Fundera is helping solve these issues and creating a suite of financial service solutions for SMBs - The impact of the COVID-19 crisis on Fundera as well his opinion on the Paycheck Protection Program (PPP) - His experience launching a viral messaging product (GroupMe) during the early days of smart phones - Advice to young entrepreneurs hustling through this crisis
Jul 24, 2020
Solving Payments in Emerging Markets with Sebastian Kanovich, CEO & Founder of dLocal
00:20:39
In our latest episode of the Wharton Fintech podcast, Miguel Armaza is joined by Sebastian Kanovich, CEO of dLocal, a 360 payments technology company which handles payins and payouts in emerging markets for some of the largest global e-commerce and marketplace companies, including Amazon, Facebook, Netflix, and Google. As the CEO of AstroPay, prior to dLocal, he grew the company into a premier cross-border payment-card provider that processed millions of transactions daily. Sebastián holds a Bachelor degree in Economics from Universidad ORT Uruguay. He also studied Entrepreneurship, Innovation and Management of Technology at Tel Aviv University, and completed a prestigious Endeavor Innovation and Growth Program at Stanford Graduate School of Business. He continues to be fascinated with how payments work around the world.
Jul 22, 2020
Innovation & Entrepreneurship Beyond Silicon Valley with Alex Lazarow
00:44:41
Miguel Armaza is joined by Alex Lazarow, Investment Director at Cathay Innovation, Kauffman Fellow, Professor, and recent author of Out-Innovate: How Global Entrepreneurs - from Delhi to Detroit - Are Rewriting the Rules of Silicon Valley (HBR Press). Out-Innovate: How Global Entrepreneurs - from Delhi to Detroit - Are Rewriting the Rules of Silicon Valley In recent memory, the concept of entrepreneurship has been popularized by the explosive success of Silicon Valley startups. While the Valley's framework of building lean startups that "move fast and break things" has done wonders in their ecosystem, this model hasn't necessarily translated to outside the Valley. In his book, Alex Lazarow explores the framework of dozens of successful entrepreneurs and investors from around the world, acknowledging that entrepreneurship is never a one size fits all approach. Out-Innovate comes out at an especially relevant time as the COVID-19 crisis threatens VC investing volumes in emerging markets. Armed with data and real-life examples, Alex presents a compelling case to invest in emerging market ecosystems with startups that look a lot more like Camels rather than Unicorns -built for sustainability and resilience to navigate frequent shocks and survive droughts. Mr. Lazarow also reminds us that some of the best technology innovations increasingly come from outside of Silicon Valley. In fact, average returns for emerging-market VCs have outperformed their peers in traditional entrepreneurial hubs over the last fifteen years. By the same token, some of the most relevant fintech startups were born outside of the US. Nubank, a Brazilian company, is the largest independent digital bank in the world, and Ant Financial, a Chinese company, is considered the largest private fintech company worldwide. Out-Innovate is a must-read for any investor, entrepreneur, and aspiring builder interested in learning about some of the most resourceful founders around the world who are building lasting companies and improving their communities in the process. Alex Lazarow Alex Lazarow has worked at the intersection of investing, innovation, and economic development across the public, private, and social sectors for more than a decade. He is a venture capitalist with Cathay Innovation and was previously with Omidyar Network. He is a Kauffman Fellow, Council on Foreign Relations term member, and an adjunct professor specializing in social impact investment and entrepreneurship at the Middlebury Institute of International Studies at Monterey. He is a graduate of Harvard Business School and the University of Manitoba.
Jul 20, 2020
Stopping Financial Crime with Charlie Delingpole, CEO and Founder of ComplyAdvantage
00:23:34
In our latest podcast, Peter Jankovsky (WG'20) sits down with Charlie Delingpole, the CEO and Founder of ComplyAdvantage. ComplyAdvantage is a FinTech start-up disrupting the compliance space using AI and machine learning to detect money laundering. In 5 years, Charlie has grown the company from 5 people in a garage to 250 employees with 500 customers in over 50 countries. Charlie is a successful serial entrepreneur, with this being his third venture. In this interview, Charlie shares: - The genesis of ComplyAdvantage and the opportunity that Charlie saw for a streamlined compliance experience - How ComplyAdvantage uses AI and ML to monitor bad actors and financial crime more effectively than traditional solutions - How bad actors are engaged in an "arms race" to change behavior in response to new innovations to stop them - The future vision for ComplyAdvantage - Lessons learned from Charlie's experience successfully scaling 2 previous ventures Prior to founding ComplyAdvantage, Charlie successfully founded two companies, MarketFinance and The Student Room. He also spent several years in investment banking at JP Morgan. He holds degrees from the University of Cambridge and London School of Economics and Political Science.
Jul 17, 2020
Accelerating Global Fintech Ecosystems - Maelis Carraro, Director of Catalyst Fund
00:33:18
Miguel Armaza is joined by Maelis Carraro, Director of Catalyst Fund and the Impact Ventures Practice at BFA Global. The Catalyst Fund is an inclusive fintech accelerator supporting early-stage inclusive startups with flexible capital, bespoke venture building support, and connections to investors and corporate innovators. Maelis Carraro is the Director of Catalyst Fund and the Impact Ventures Practice at BFA Global. She spent her career working alongside fintech startups, investors, banks and donors to pioneer tech and data-enabled solutions for underserved communities in emerging markets. She runs global accelerator-Catalyst Fund, supported by JP Morgan Chase & Co and the UK Department for International Development, and helped over 30 early-stage fintech startups create innovative and affordable solutions for underserved populations in Africa, Asia and Latin America. Previously, Maelis worked at the International Finance Corporation (World Bank Group), advising financial institutions on digital innovation and responsible financial inclusion strategies across fragile and emerging markets, as well as the OECD and the Grameen Bank, where she researched micro financing schemes for climate adaptation in South Asia, and impact fund- Global Partnerships, where she designed impact investing strategies to support tech-enabled businesses across Africa. Maelis also co-founded RemitMas, an inclusive fintech startup focused on remittances for savings for Latino immigrants in the US. Maelis is a Fulbright Scholar and holds a dual MBA and Master in International Affairs from Columbia Business School and the School of International and Public Affairs. She received her B.A Cum Laude from University College London in Political Science and Development Economics. About BFA Global BFA is a global consulting firm striving to build inclusive economies for a sustainable and equitable world. Together with partners and clients, BFA works at the frontier of applied research and innovation using finance, data, technology and behavioral science to build solutions for underserved populations. About Catalyst Fund Catalyst Fund is BFA’s flagship inclusive fintech accelerator, supported by The UK Department for International Development (DFID), JPMorgan Chase & Co and previously the Bill & Melinda Gates Foundation. Catalyst Fund accelerates early-stage inclusive fintech startups with flexible capital, bespoke venture building support and connections to investors and corporate innovators. It also accelerates the ecosystem by fostering networks of fintech investors, corporates and talent organizations, to spur more fintech innovation for the world’s 3 billion underserved.
Jul 15, 2020
Roger.ai's Cathrine Andersen on Optimizing Accounting & Finance
00:30:13
In today's episode of the Wharton FinTech Podcast, Anchit Gupta sits down with Cathrine Andersen, Co-Founder and CEO of Roger.ai. Founded in 2017, Roger's accounting and finance automation technology help organizations automate time-consuming and expensive manual tasks like bookkeeping and expense management. Before Roger, Cathrine also founded Assemblage, which offered developers a solution to add real-time collaboration apps such as shared whiteboarding to their products. Assemblage was acquired by Cisco in 2014, where Cathrine then worked for 3 years in Innovation and Emerging Product Development. Cathrine holds a bachelor's degree from Copenhagen Business School and a Masters from University of Copenhagen. Cathrine was named to inc. magazine's Top 100 Female Founders in 2019.
Jul 13, 2020
Scaling a Payments Business with Mike Vaughan, former COO of Venmo & Exec-in-residence at Oak HC/FT
00:31:42
In our latest podcast, Peter Jankovsky (WG'20) is joined by Mike Vaughan. Mike is currently an Executive in Residence at Oak HC/FT, a leading venture capital firm investing in early to growth-stage companies in healthcare and fintech with ~$2 B in AUM. Prior to this role, Mike was the COO of Venmo, scaling the business from the ground floor to 40 M active users, a $300 M revenue run rate, and $100 B in payments in 2019. In this episode, Mike shares: - His background and why he jumped into entrepreneurship after graduating from Wharton - Lessons learned from the early days of Venmo - The key decisions that enabled Venmo to scale over time - Mike's focus at Oak HC/FT and his view on where the next wave of innovation will be in FinTech - Advice for those starting their careers in FinTech Over more than two decades, Mike has developed successful businesses across multiple industries, including three exits totaling >$1 B in market value. He currently serves as an independent board member and active advisor to several early and growth-stage enterprise and consumer tech companies. Mike graduated with an economics degree from Wharton.
Jul 09, 2020
Building a Customer-Centric Culture with David Vélez, Founder and CEO of Nubank
00:30:01
Miguel Armaza is joined by David Vélez, Founder and CEO of Nubank, the largest independent digital bank in the world. Nubank has over 25 million clients and has raised $1.2 billion from some of the most prestigious venture capital funds in the globe, including Sequoia, Ribbit Capital, DST, Kaszek Ventures, and QED. David grew up in a family of Colombian entrepreneurs. The concept of being your own boss was engrained in him daily and he always thought he would launch a company at an early age. However, after graduating from Stanford University, he found himself lost at the thought of starting a venture. He didn't know where to even begin. So, he took a more traditional route and joined Morgan Stanley, which later led him to General Atlantic, to focus on growth equity. Armed with 5 years of investing experience, he went back to Stanford in 2010 to pursue an MBA. His goal was to leverage the MBA experience to find a business idea. However, shortly after starting school, he was approached by non-other than Sequoia Capital to lead their Latin American group. He took the chance, but after almost 3 years with Sequoia, it became evident that the startup ecosystem of the region was not robust enough for them, and the Latin American strategy was scrapped. David saw this as an opportunity and decided it was time to start something. Inspiration His painful experience of opening a bank account in Brazil, which he describes as “almost going to jail”, convinced him there was a better way of doing banking in the country. Not only was customer service terrible, but banks were charging astronomically high interest rates to creditworthy customers. This is where Nubank was born. During his years at GA, David had the chance to work alongside Nigel Morris, Co-Founder of Capital One. David credits Capital One as a big inspiration for Nubank, as a data-driven company with a culture focused on recruiting the best analytical talent. Another source of inspiration was Tinkoff, a Russian neobank with a similar focus and excellent customer experience. Additionally, learning from technology companies like Amazon and Netflix convinced David that Nubank should be a technology company that happens to operate in financial services, and not a bank that uses technology. In his own words, “This makes all the difference”. Culture If there’s something that stands out when talking to David, it’s his dogged determination on building a customer-centric company culture that also takes care of its employees. In fact, back in 2013 when launching Nubank, he created two company presentations. One for investors and another one about company culture that he used to recruit his co-founders and first employees. He is clearly proud that the latter hasn't changed much in the last seven years and he continues to deliver this presentation to every single new employee at the company. Interestingly, in light of the COVID-19 pandemic, the Nubank culture has overperformed and employee engagement has never been better. Be it through the creation of a 20 million reais (≈US$3.8 million) fund for customer assistance or by providing over 1,000 remote service stations for their employees to work from home, the pandemic has allowed them to prove to clients and employees that they live and breathe these company values. Post-COVID World David argues that the current crisis doesn’t necessarily create any new trends, but instead accelerates several tendencies and behaviors that were already taking place. From digitalization to more flexible remote working policies, these trends are only accelerating. However, more importantly, David is convinced the pandemic is forcing companies to rethink their values and embrace a much broader view of capitalism, through a model that requires companies to show integrity and take care of their customers, their people, their communities, and the environment. As evidenced by their recent actions, Nubank is certainly adopting this philosophy.
Jul 07, 2020
Modernizing Life Insurance with Melbourne O’Banion, CEO and Co-Founder of Bestow
00:32:20
Miguel Armaza is joined by Melbourne O’Banion, CEO and Co-Founder of Bestow, a digital life insurance company leveraging technology to make protection accessible and affordable. Bestow has received over $68 million in equity financing from Peter Thiel’s Valar Ventures, NEA, Morpheus Ventures, Core Innovation Capital, Abstract Ventures, Sammons Financial, 8VC. Melbourne O’Banion is the CEO and Co-Founder of Bestow, a digital life insurance company leveraging technology to make protection accessible and affordable. Through data-driven technology applications and innovative products, Bestow is changing the way life insurance is perceived and purchased. He is an entrepreneur and investor with expertise in fintech and direct-to-consumer businesses. Among his startups, he was a founding member of Presidio Title, a leading title insurance agency in Texas. He is also co-founder of Beauty Bioscience, a skincare line sold via TV shopping channels and luxury retailers. Melbourne is a member of the National Advisory Council for the Marriott School of Management at Brigham Young University and is on the board of the SMU Tate Lecture Series. He is a graduate of BYU and studied Finance and Ancient Near Eastern Studies. Bestow is an insurance technology company that builds products and software that make life insurance accessible to millions of families. In addition to its direct-to-consumer arm, Bestow provides industry-first APIs enabling partners to offer bespoke life insurance coverage to their customers with ease. Bestow is reshaping the life industry as the insurance company of the future. The company is headquartered in Texas with offices in Dallas and Austin. Learn more at www.bestow.com In this episode, Melbourne shares: - His background as a serial entrepreneur and what drove him to life insurance. - Why he and his co-founder decided to avoid third party software solutions and, instead, built an insurance product along with its integrated software from scratch. And why this decision has made a huge positive difference. - Reasoning behind Bestow’s entry market strategy. - Finding product-market fit and how they decided what customer segment to focus on - Bestow’s key partnerships, ranging from traditional life insurance companies to Fintechs like Acorns, Chime, Stash, Moneylion, and more. - The importance of hiring a great team, establishing company principles early on, and leading and hiring by those principles. - Famous Texas Hospitality. The advantages of launching a startup in Texas and why he thinks there isn’t a better place in the US to start a company. - How the COVID-19 crisis has awakened a lot of people to a sense of their own mortality and what this has meant for the life insurance business. - The state of InsurTech and why he thinks new entrants in the insurance space will have to do something radically new and different to differentiate themselves. - Valuable advice for entrepreneurs and aspiring founders.
Jul 06, 2020
Increasing Shopping Cart Conversion & Managing Credit - Brad Paterson, CEO of Splitit (ASX: SPT)
00:21:30
Miguel Armaza is joined by Brad Paterson, CEO of SplitIt (ASX: SPT), a global payment platform that enables shoppers to pay installments via their credit cards, by splitting credit card purchases into interest and fee-free monthly payments. Splitit is a global payment platform that enables shoppers to pay installments via their credit cards, by splitting credit card purchases into interest and fee-free monthly payments. Splitit’s consumer solutions enable merchants to offer their customers an easy way to pay for purchases in monthly installments with instant approval, decreasing cart abandonment rates and increasing revenue. Splitit Business Payments allows manufacturers and suppliers to provide buyers with an interest-free, installment credit solution for purchasing goods and services utilizing their existing credit cards. Serving many of Internet Retailer’s top 500 merchants, Splitit’s global footprint extends to 27 countries around the world. Headquartered in New York, Splitit has an R&D center in Israel and offices in London and Australia. Brad Paterson has accumulated a wealth of knowledge over nearly two decades working with some of the world’s most successful payment companies, including Intuit, PayPal, and Visa. As Intuit’s VP of Marketing, Brad led the go-to-market team responsible for the US QuickBooks Online revenue and customer outcomes. His responsibilities included the strategy, sales, marketing, and general business operations for the QuickBooks Online portfolio. Prior to this role, Brad served as Intuit’s VP of Asia-Pacific and Global Operations, driving business growth in critical international markets. He also served as PayPal’s Head of Merchant Services, Asia-Pacific and Visa’s Director of Consumer and Emerging Products for Australia and New Zealand, among other roles at the two companies. In this interview, Brad shares: - His background and experiences from his days as an executive at PayPal, Intuit, and Visa. - What drove him to Splitit and why he sees a lot of parallels between them and the early days of Paypal. - The benefits of Splitit’s, business model and why they are experiencing incredibly fast growth during the COVID-19 crisis. - Going public on the Australian Securities Exchange. The benefits and challenges of running a publicly listed company. - Insightful advice for fintech professionals.
Jul 02, 2020
Streamlining Client Experience and Fighting Fraud — Laura Spiekerman, Co-Founder and CRO at Alloy
00:32:55
In our latest episode of the Wharton Fintech podcast, Miguel Armaza is joined by Laura Spiekerman, She’s the Co-Founder and Chief Revenue Officer at Alloy, an operating system for identity in financial services, including KYC, AML and fraud. Laura Spiekerman is a cofounder and CRO at Alloy. Alloy's API enables financial services companies to better manage their digital onboarding and identity requirements, increasing conversion and reducing fraud for banks and fintechs alike. Alloy works with both fintech companies and banks, including Marqeta, Petal, Brex, Radius Bank and others. Alloy was recognized on the recent Forbes' Cloud 100 Rising Stars list and as one to the global Venture Radar Top 10 RegTech Startups. Prior to Alloy, Laura led Business Development & Partnerships at an ACH payments startup and was on the Research & Investment team at Imprint Capital Advisors (acquired by Goldman Sachs). Laura is a proud Barnard College alumna and lives in Oakland, California. Alloy is an operating system for identity in financial services, including KYC, AML and fraud. The Alloy API allows its clients to customize which data sources they access and the rules applied, to validate an identity in real time so that 98% of users will be automatically decisioned upon onboarding, increasing conversion, lowering fraud, and reducing manual reviews. Alloy has been working with both fintech companies and banks since it launched in 2016, and has a client base of ~80, including institutions like Radius Bank, KeyBank, Brex, Marqeta and others. In this interview, Laura shares: - Her background and how she got started in the industry as employee #1 at Kopo Kopo, a Kenyan fintech company. - What inspired Laura and her co-founders to build Alloy and how they crafted a successful strategy to secure their first customers. - The strategic reasons why Alloy's products are attractive for fintech startups, community banks, and large banks alike. - Company Culture. Why it's important to hire people that are different from each other and why Alloy emphasizes celebrating differences and being bold. - Her experience as a female fintech leader and why men should take on more responsibility to recruit and cultivate women in the industry. - COVID-19's impact on Alloy and its clients- as fraud and cybersecurity attacks have increased in the last few months, Alloy has taken steps to help their customers combat these attacks. - Lessons for founders! Why learning how to sell is the most important skill to learn for entrepreneurs.
Jul 01, 2020
Building a Financial Communications Unicorn - David Gurle, Founder and CEO of Symphony
00:43:30
In today's episode of the Wharton FinTech podcast, Miguel Armaza is joined by David Gurle, Founder and CEO of Symphony, a financial services communications company that's helping individuals, teams and organizations of all sizes improve productivity, while meeting security and compliance needs. David Gurle is an author, inventor and visionary. David's ideas have influenced the major trends in consumer and enterprise communications and most recently secure collaboration technologies over the past two decades. He founded and ran Microsoft's unified communications products (Skype for Business) and as Global head of collaboration services at Thomson Reuters, introduced the first consumer-to-business federated communications to the financial services industry. After the sale of Skype to Microsoft where he was the GM of Skype's Enterprise Business, David founded and sold Perzo before founding Symphony. David sits on the Monetary Authority of Singapore's International Technology Advisory Panel, is regularly featured on global broadcast (CNBC, BFM, Fox News) and print media (TechCrunch, Le Monde, Wall Street Journal) and is a sought-after keynote speaker on the future of the digital workplace, collaboration technologies, workplace diversity and all matters related to privacy and information security. In January 2020, he received the Légion d'Honneur, the highest French order of merit for military and civil service. Symphony transforms the way users communicate effectively and securely with a single workflow application. Forging a new path in the financial services industry, Symphony is designed to help individuals, teams and organizations of all sizes improve productivity, while meeting complex data security and regulatory compliance needs. Symphony was founded in October 2014 and is headquartered in Palo Alto, CA, with offices in New York, Hong Kong, Singapore, Tokyo, Stockholm, Sophia-Antipolis and London. In this episode, David shares: -The powerful influence of his international upbringing and how it influenced him to pursue a career in telecom at ETSI, France Telecom, Microsoft, and Skype. -How being an intrapreneur earned him the title of "great, but unmanageable" by his first supervisor. -The key role he played in Microsoft's surprising acquisition of Skype. -The thought process that helped him identify a problem in secure persistent communications and how he devised a winning strategy for Symphony. -Challenges and anecdotes of Symphony's early days. -The importance of building a no-trust, end-to-end encrypted system, and why that has made a big difference between Symphony and other similar solutions. -Why it's critical to give users control of their data and the reason he thinks Apple has taken the wrong approach. -Symphony's recent explosive growth of 300%-400% in light of COVID-19 and how they have quickly become one of the top mission critical applications for their customers. -His vision of a post-COVID world and the steps Symphony is taking to implement a flexible work policy. -Valuable entrepreneurial advice and achieving childhood dreams.
Jun 29, 2020
Current CEO Stuart Sopp on Banking the Under-Banked During Covid-19
00:44:26
In this episode, Ryan Zauk sits down with Stuart Sopp, Founder and CEO of Current. Current is a leading U.S. based challenger bank enabling access to affordable and premium financial services to people traditionally overlooked by the banking industry. After explosive growth serving essential workers during COVID-19, Current raised additional funding from Foundation Capital and is expected to reach 2 million customers by the end of 2020. From 1999 - 2014, Stuart spent his career as a senior trader developing financial systems and trading at Morgan Stanley, Citi, and Deutsche Bank. He started Current after recognizing that the growing inequality gap could be addressed through innovation in technology to improve financial outcomes for everyone. In this episode, Stuart discusses: - Current’s crucial contribution to the pandemic's frontline workers - Why banks have historically overlooked Current’s customers - What’s wrong with the phrase ‘choosing your investors’ - His view on the extremely competitive FinTech space and Current’s key competitive advantage - How he switched an NYC team to fully remote in a pandemic - And much more...including a surprising quarantine hobby For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Jun 26, 2020
Empowering Black Millennials with Ras Asan, Co-Founder of BREAUX Capital
00:48:27
On today’s episode of the Wharton FinTech Podcast, Ryan Zauk sits down with Ras Asan, Co-Founder of BREAUX Capital. BREAUX Capital is the first fintech built by and for Black Male Millennials. It is a cooperatively owned and operated financial technology company that provides a software platform and membership community to increase the financial wellness of Black millennials. They accomplish this through savings goals, dividends & revenue sharing, co-investing opportunities, education, community building, and much more. Ras and his team have been: - Named to INC Magazine’s 30 under 30 - Featured in The New York Times, Black Enterprise, The Associated Press, Time Magazine, BET, The Chicago Tribune, American Banker, CNN, Huffington Post, and more - Successfully pitched and secured investment from FUBU Founder and Shark Daymond John - And just announced a partnership with Lenovo In this episode, Ras discusses: - His background and motivations for starting BREAUX Capital - The obstacles his team faced along the way as young, black, first-time founders - How BREAUX Capital's financial and social sides work - Aspects of systemic inequality in the US that have destroyed black wealth creation including over-policing, redlining, and the GI Bill - And much, much more For more content from BREAUX Capital and their team, we encourage viewing Ras's Co-Founder, Derrius Quarles in his Ted Talk on YouTube, "Derrius Quarles: How banks are failing African-Americans," or their website, BREAUXCapital.com. For more insights and analysis from FinTech leaders, follow us below: Medium: https://medium.com/wharton-fintech WFT Twitter: https://twitter.com/whartonfintech Ryan's Twitter: https://twitter.com/RyanZauk LinkedIn: https://www.linkedin.com/company/wharton-fintech-club/
Jun 24, 2020
The Future of Payments with Frank Young, President of VMSS at Global Payments
00:35:38
In our latest podcast, Peter Jankovsky (WG'20) is joined by Frank Young, President of Vertical Market Software Solutions at Global Payments, a leading worldwide provider of payment technology services. In this role, Frank is responsible for guiding and directing the firm’s efforts to leverage software and services to deliver the next generation of digital commerce solutions on a global basis. He leads the company’s efforts in achieving business results through software-led solutions in all of our markets around the world.   In this extensive interview, Frank shares: - Major themes in the payments industry observed over his ~30 year career, including the evolution of e-commerce and the staying power of the major networks - His view of how COVID-19 is impacting the payments industry - The opportunity that he sees for embedded fintech, and how this represents a natural evolution from "knuckle-busters," electronic terminals, and integrated payments - His views on Big Tech's ambitions in financial services and how those will evolve going forward - Career advice for those beginning their career in FinTech   Prior to joining Global Payments, Frank served as the Global Lead of Payments Partnerships at Google, managing a team of professionals developing and delivering innovations to support Google’s in-store and online commerce goals. Previously, Mr. Young served as Senior Director of Business Development for Qualcomm, a worldwide leader in telecommunications products and services, where his responsibilities were to manage the development of mobile payments and commerce initiatives. Prior to that, Frank held senior roles at Mastercard and Accenture. He began his career with Chase Manhattan Bank.   Franks holds an MBA from The Wharton School, University of Pennsylvania, where he was honored with the Dean's Award for Excellence, and graduated with a Bachelor of Arts degree in economics from Rutgers University.
Jun 22, 2020
US Open Banking with Susan French, Head of Product at BBVA Open Platform
00:24:46
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG’21/G’21) is joined by Susan French, Head of Product at BBVA Open Platform where she leads the design and development of Open Platform’s suite of white-label, banking-as-a-service APIs in the US. About BBVA Open Platform BBVA Open Platform offers API-driven, white-label banking and payments solutions for the enterprise. Open Platform enables companies to embed end-to-end banking and payments services into their brand to create engaging and intuitive customer experiences . Founded in 2016, BBVA Open Platform works with industry leading companies, at the forefront of digital innovation, to optimize their user experience through API-powered banking and payments solutions provided by leading U.S. bank BBVA USA, Member FDIC. For more information, visit Open Platform at https://bbvaopenplatform.com/ Susan French Susan is Head of Product at BBVA Open Platform. She lead the design and development of Open Platform’s groundbreaking suite of white-label, banking-as-a-service APIs in the US. Susan is a payment, digital commerce and financial services expert, with an unparalleled understanding of what fintech companies navigating this landscape want from an API platform – and how to deliver it. Susan has been working in the financial services sector for more than 25 years, most recently leading the team that created and launched Visa’s Developer Program, a suite of APIs that opened up Visa’s network to all developers, from startups to large financial institutions. A former CTO, Head of Enterprise Architecture and Technology Strategist at Visa, Susan also worked as Chief Operating Officer at Euphorion, a website design and development startup in Silicon Valley, and started her own independent consulting business. In this interview, Susan shares: - Her journey through the financial sector and what led her to BBVA - How BBVA positioned itself as one of the leading proponents of fintech innovation - Some of the reasons why the US has been slower than Europe to adopt Open Banking solutions and why the COVID-19 is forcing the US to catch up - Some of the startups benefiting from BBVA Open Platform’s services such as Azlo, Wise, Catch, and Jet. - The importance of a unified regulatory environment and some of the opportunities currently being developed in the US
Jun 19, 2020
Pooling Career Risk with Charlie Olson, Co-Founder & CEO of Pando
00:32:28
In our latest podcast, Peter Jankovsky (WG’20) is joined by Charlie Olson, CEO and co-founder of Pando. Pando is an innovative new income pooling solution that allows people in high volatility careers to pool their career risk. Since inception, Pando has signed hundreds of professional athletes into income pools and has raised a Series A from top fintech investors. In this extensive interview, Charlie covers a number of topics, including Pando’s value proposition for different customer segments and how it has grown; the challenges Charlie has overcome as an entrepreneur; and his views on how careers will change, especially as a result of the current pandemic. Pando was founded after Charlie and his co-founder, Eric Lax, graduated from Stanford GSB in 2017. Prior to his time at the GSB, Charlie worked for Cheyenne Capital, a private equity firm based out of Jackson, WY. Concurrently, Charlie worked in search fund investing for Professor David Dodson and was a speechwriter and policy analyst for two governors. Charlie also holds two other degrees from Stanford, including a B.A. in International Relations and an M.A. in US History. Charlie was named to Forbes’ 30 Under 30 in 2019.
Jun 17, 2020
Investing in Latin American Unicorns. Hernan Kazah, Managing Partner & Co-Founder of Kaszek Ventures
00:49:22
In our latest episode of the Wharton Fintech podcast, Miguel Armaza is joined by Hernan Kazah, Managing Partner and Co-Founder of Kaszek Ventures, the largest venture capital firm in Latin America, with over $1 Billion dollars of raised capital. Kaszek was launched in 2011 and has invested in more than 75 startups, including at least 5 unicorns. Prior to Kaszek, Hernan co-founded MercadoLibre, the largest technology company in Latin America which is also listed on the NASDAQ Stock Market with a current market cap of over $43 Billion. Here, he worked for 12 years, nine as COO and three as CFO. Hernan received an MBA from Stanford University, and graduated magna cum laude in Economics from the University of Buenos Aires. In this fascinating interview, Hernan shares: - His entrepreneurial journey from zero to a Nasdaq IPO. What led him to Co-Found MercadoLibre with Marcos Galperin and some of the major challenges they faced along the way. - Almost 40% of Kaszek's portfolio is concentrated in Fintech companies and they continue to be extremely bullish on the industry. Technology has opened new opportunities for the financial sector, which has allowed fintechs to vastly expand in a sector with historically-low customer penetration. Tech has also allowed some of their portfolio companies, like Nubank, to build widely scalable platforms. - Kaszek's investing approach. Why the founding team is the most fundamental piece of a startup and why a third of the teams from Kaszek's first fund would not make the cut today. - COVID-19's impact on their portfolio. Why most Fintechs haven't been too affected nor have greatly benefited by this crisis. - Fintech sector focus. The main reasons why Kaszek is interested in backing Financial infrastructure companies and why this sector presents one of the biggest opportunities in Latin America. - Peculiarities and challenges of VC investing in Latin America and Emerging Markets. - And much, much more…
Jun 15, 2020
Investing in The Blockchain with Jalak Jobanputra, Founding Partner of Future Perfect Ventures
00:22:12
In this episode, Ines Gonzales Del Mazo sits down with Jalak Jobanputra, Founding Partner of Future Perfect Ventures to discuss her investing career across FinTech, software, and the blockchain. Jalak Jobanputra is Founding Partner of Future\Perfect Ventures, an early stage venture capital fund in NYC focused on next generation technology such as blockchain and machine learning. FPV’s portfolio includes Abra, Blockstream, Bitpesa, Fusemachines, Everledger and Blockchain. Jalak was awarded Institutional Investor’s Most Powerful Fintech Dealmakers from 2016-2018. In May 2018, Jobanputra was awarded Microsoft’s VC Trailblazer Award for “her early and bold” investments in the sector. She has been listed as a 100 Most Influential Fintech Leader of 2016 and 2017 based on her investment strategy at FPV. In 2017, she was cited as a “Top 5 Investor Powering the Blockchain Boom” and Crunchbase noted FPV as one of the top VC funds in blockchain “before it was cool.” Since founding the firm, she has spoken on blockchain technology, IoT, and artificial intelligence at many global conferences, including the Milken Global Institute, Dutch Development Bank/FMO Annual Meeting, and The Economist Buttonwood Gathering. She also founded Collective Future, an organization to foster diversity and inclusion in the nascent blockchain sector. FPV’s incubator FPV Labs was selected by the NYC Economic Development Corporation in January 2019 to operate the NYC Blockchain Center, a unique private-public partnership formed to serve as an access point to the growing blockchain ecosystem and collaborate with elected officials on policy initiatives. Prior to FPV, Jobanputra was the Director of Emerging Market Mobile Investments at Omidyar Network, a philanthrocapitalist fund started by Pierre Omidyar, co-founder of eBay. Previously, she worked at Intel Capital investing in enterprise software in Silicon Valley from 1999-2003, as well as New Venture Partners and the NYC Investment Fund where she formed one of NYC’s first seed funds and helped establish the Fintech Innovation Lab in 2010. She started her career as a media/tech/telecom investment banker in NYC and London. Jobanputra is also active in supporting education reform and social entrepreneurship. She served as a Trustee of Achievement First Bushwick Charter Schools (Brooklyn). She is on the Board of Directors for the Center for an Urban Future, Advisory Board of L’Oreal’s Women in Digital Initiative, member of Mayor DeBlasio’s Broadband Taskforce, and former Access to Capital Committee member of the US Secretary of State Clinton Women’s Leadership Council. She is a magna cum laude graduate of the University of Pennsylvania, with a B.S. in Economics (concentration in Finance) from The Wharton School and a B.A. in Communications from the Annenberg School. She received her MBA from Kellogg in 1999. Her full bio can be found here, and she has been active on twitter since 2007 at @jalak.
Jun 12, 2020
Tackling Big Hairy Problems with Marc Weiser, Founder & Managing Director of RPM Ventures
00:34:16
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG’21/G’21) is joined by Marc Weiser, Founder & Managing Director of RPM Ventures, an early-stage venture capital firm. Marc is also a board member of NASA and the James Beard Foundation. Marc Weiser is the Founder and Managing Director of RPM Ventures, a seed and early stage venture firm where he focuses on investing in mobility and autonomous vehicle companies. Over the last 15 years he has served on over 20 boards of directors and currently sits on the boards of: BountyJobs, the leading contingency recruiting marketplace; Mobi, a machine learning, multi-modal, dynamic route planning system; and Polysync, a platform for delivering safe and reliable autonomous vehicles. Prior to forming RPM, Mr. Weiser was an internet and software entrepreneur. He co-founded and led technology development at QuantumShift, a provider of web-based business-to-business technology and services focused on corporate telecommunications needs. He was also an early employee at MessageMedia (acquired by DoubleClick) where he pioneered some of the original methods for e-commerce and helped lead the company’s IPO. In addition to his board roles for RPM, Marc serves as Vice-Chair of McKinley, Inc., and the Board of Trustees of the James Beard Foundation. Previously he was the founding member of the Board for the Center for Entrepreneurship (CFE) and Wolverine Venture Fund at the University of Michigan, where he was adjunct professor. He is the recipient of the University of Michigan College of Engineering Alumni Distinguished Service Award for his efforts in founding the CFE, the TechArb (student accelerator), and the Masters in Entrepreneurship (a joint program between the College of Engineering and Ross School of Business). Additionally, he and his wife led the creation of the Mary H. Weiser Food Allergy Center at the University of Michigan. This Center provides national leadership in food allergy research and a path to a cure for those that suffer from food allergies. Marc graduated cum laude from the University of Michigan with a BSE in aerospace engineering and an MBA with highest honors. In this interview, Marc shares: - His background and how he landed the role of employee #1 at MessageMedia (acquired by DoubleClick), the first online payments system company in the early 1990s. - Why he decided to Co-Found QuantumShift, a SAS company, in 1996 and the reason why he calls this experience a "successful failure". - Launching RPM and the challenges of starting a Venture Capital fund in the year 2000. - The reason why after several years of operations, RPM narrowed its scope to invest only in Mobility and Fintech. - His conviction that most startups that win are the ones that generally fall over in the right direction and then pick themselves back up and then fall over again in the right direction again. The ones that do this process faster are the ones that win. - His fascinating journey as an early stage investor and advisor of SoFi. - What an RPM entrepreneur looks like. Hint: “We look for entrepreneurs that can run up the beat at the machine gun nest while simultaneously biting the heads off of chickens.” - The importance of investing in companies that have no rational chance of success. - His journey to becoming a board member at NASA and why this is his proudest personal achievement. - Going from restaurant investor to board member of the James Beard foundation. The devastating effects of the COVID-19 crisis on the industry and how the James Beard foundation is helping save the restaurant industry.
Jun 11, 2020
Analyzing the SoFi-Galileo Acquisition with Anthony Noto-SoFi CEO, & Clay Wilkes-Galileo Founder/CEO
00:30:26
In a Wharton Fintech exclusive podcast interview, Miguel Armaza and Guillermo Gonzalez went behind the scenes of one of the most transformational acquisitions in the fintech space to date. We sat down with Anthony Noto, CEO of SoFi, and Clay Wilkes, CEO of Galileo, to discuss their most recent transaction in which SoFi acquired Galileo for the total sum of $1.2 Billion. What prompted SoFi to consider Galileo as a crucial strategic alternative? What were the challenges of executing a landmark transaction amidst a global pandemic? Similarly, we had an opportunity to explore what the future holds for both companies. What products will both companies build by leveraging their unique strengths and capabilities? Wondering about international expansion? Notably, both Anthony and Clay believe in the mission of advancing financial independence and inclusion for millions of historically disadvantaged consumers. This conviction has guided their decision to keep both companies independent, opening the door for far-reaching, industry-wide collaborations. Thrilled enough? Join us for this exciting conversation with Anthony and Clay.
Jun 09, 2020
Investing in Fintech Opportunities with Ryan Falvey, Managing Partner of Financial Venture Studio
00:35:06
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG’21/G’21) is joined by Ryan Falvey, Managing Partner of Financial Venture Studio, a venture capital firm that invests in early stage teams who are seeking to improve how Americans conduct their financial lives. Ryan Falvey is the Managing Partner of Financial Venture Studio. He has spent the last 15 years identifying, supporting and leading market-changing innovations in technology. Since 2015, he's invested in 40 early stage fintech firms, which have grown to represent approximately $3 billion in aggregate equity value. Prior to founding the Venture Studio, Ryan led the development of the Financial Solutions Lab, a partnership between JPMorgan Chase and the Financial Health Network. Prior to managing the Lab, Ryan worked with leading tech firms to develop payment solutions at Silicon Valley Bank. He also served as Strategy Group Lead at Enclude Solutions, overseeing global strategy consulting work around mobile-enabled financial products. Financial Venture Studio invests in great early stage teams who are seeking to improve how Americans conduct their financial lives. From more efficient savings to superior investments to faster payments and better information, the promise of today’s financial products has never been greater. Learn more at www.finventurestudio.com. FVS has selected three cohorts of startups for its unique model of support since its founding in 2018. Of the first 13 startups to participate in the firm’s previous two cohorts, 12 have raised subsequent funding—with over $37 million in follow-on capital raised by firms since participating in the FVS program. In this interview, Ryan shares: - Their investment thesis and the type of company FVS invests in. - Details about their accelerator program and its strong partnerships with investors, regulators, operators, and media companies. - Highlights of some their portfolio companies and what drew FVS to invest in them. - His analysis on how technology is breaking down the centuries-old nature of financial services. - His take on the opportunities being exposed by the COVID-19 crisis and why this event will have broader implications on the financial sector for many years to come. - The reasons why you don’t want to be a founder with a pre-COVID mentality in a post-COVID world. - And much, much more…
Jun 05, 2020
The Current State of Payments with Eric Rosenthal, VP & MD of Rapyd
00:22:16
Eric Rosenthal is a Vice President and Managing Director of Rapyd, managing their North American Business Unit. Rapyd is the world's largest global payment network, accepting and disbursing more than 900 payment types in over 100 countries. It connects 2 million global ATM and over-the-counter (OTC) cash access points across the globe.  Before Rapyd, Eric worked in startups and major enterprises including Abra, American Express, First Data, Citigroup and McKinsey.
Jun 03, 2020
Digitizing Financial Services with David Brear, CEO of 11:FS
00:34:49
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG’21/G’21) is joined by David Brear, CEO of 11:FS, a challenger consultancy building out new propositions and ventures in the UK, US, Europe and Asia. David Brear is the CEO of 11:FS and since his dream of being a sportsperson was crushed (along with the ligaments in his knee!) and he had to get a proper job, he has worked in pretty much every angle of the financial services industry never losing that competitive desire to win. Having pitched, established and run billion-pound transformations for some of the biggest FS companies on the planet the realization that digital banking is only 1% finished has spurred his desire to establish an organization that can actually make it happen. 11:FS is a challenger consultancy building out new propositions and ventures in the UK, US, Europe and Asia for some of the biggest brands on the planet. Alongside this 11:FS build in-house products from competitor benchmarking tools like 11:FS Pulse, to core banking systems like 11:FS Foundry. Most recently David has led the creation and market establishment of the challenger business bank Mettle for Natwest in the UK as it’s CEO, proving that the big banks can fight back against the fintech threat. He is also a host of the global business podcast, Fintech Insider. In this interview, David shares: - Why he strongly believes digital banking is only 1% finished and what the 11:FS team is doing to change the fabric of financial services. - Culture at 11:FS. The importance of finding people that revere each other’s talents and not just their own. - The reasons why culture and talent are the only two things that really matter in any organization. - His plea to large institutions acquiring fintech companies: Don’t break what you buy! Plenty of examples of fintechs being acquired and eventually being left to die. - The biggest challenges of incumbent banks and why legacy mentality and culture are more impactful than legacy technology systems. - Fintech in the UK. Why the UK regulators took an innovator-friendly approach and how it benefited the local scene by spurring competition and attracting some of the best global talent. - The horrific impact of COVID-19 and why this crisis is unlocking the realization of senior bankers that digitization is not optional, but mandatory. - Why he thinks this is the best time to be working in financial services and what 11:FS is doing to help financial institutions unleash their full potential.
Jun 01, 2020
Entering the US Consumer Banking Market with N26's US CEO, Nicolas Kopp
00:27:21
In our latest podcast, we're excited to speak with Nicolas Kopp, the US CEO of N26. In Europe, N26 is a fully licensed mobile bank offering an effortless, sleek user experience with no hidden fees. It has grown to serve over 3.5 M customers across 24 markets and recently launched in the US with a mobile banking app and Visa debit card together with Axos Bank. In this extensive interview, Nic speaks to: ● N26's founding and how it was built to offer a completely different approach to banking ● The rationale for N26's launch in the US and the opportunity it sees in the market ● N26's plans for expanding in the US to better meet consumers' needs, particularly with its Perks and Spaces offerings ● How N26's culture enables it to innovate and challenge the status quo ● Nic's thoughts on how consumer banking will evolve in the US Nic originally joined N26 in 2015 as one of its first employees heading up Business Development and Operations, which he built from the ground up. Prior to N26, Nic spent several years at Morgan Stanley.
May 28, 2020
Inclusive Banking with Pierpaolo Barbieri, Founder & CEO of Ualá
00:18:36
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG’21/G’21) is joined by Pierpaolo Barbieri, Founder & CEO of Ualá, one of the fastest growing fintechs in Latin America. Ualá is an Argentine mobile banking app and lending platform that's also one of the fastest growing fintechs in Latin America. Since launching in October 2017, the company has issued over two million cards, raised almost 200 million in funding, and has grown to over 300 employees. Pierpaolo Barbieri grew up in Buenos Aires, Argentina. He moved to the US to study at Harvard University, where he graduated magna cum laude. He then moved to the UK to pursue a Master degree in Cambridge and obtained his postgraduate in history and economics. In 2016, he returned to Argentina to launch Ualá. He is fluent in Italian, Spanish and French. In this extensive interview, Pierpaolo shares: - What motivated him to move back to Argentina and launch Uala in 2017 with the vision of building an inclusive financial company - The challenges of building a banking institution from scratch - Why simplicity can be transformational and why this philosophy drives Uala’s mission to build a beautiful and simple product that is easy to understand - The importance of providing “skin in the game” to your team and why over 15% of the company is owned by Ualá employees - His advice for aspiring entrepreneurs and why he is convinced this is the best environment to test the feasibility of a business idea - And why it’s hard for him to stop answering to clients directly on his own personal Twitter feed!
May 26, 2020
Empowering Underserved Markets with Monica Brand Engel, Co-Founder & Partner at Quona
00:26:27
In our latest episode of the Wharton FinTech Podcast, Miguel Armaza (WG'21/G'21) is joined by Monica Brand Engel, Co-Founder and Partner at Quona, a venture capital firm that invests in growth-stage financial technology companies in emerging markets. Quona Capital is a venture capital firm that invests in growth-stage financial technology companies in emerging markets. The firm was formed with a simple idea - technology has the power to radically improve the quality, access, and affordability of financial services for underserved consumers and businesses in Africa, Latin America, and Asia. Quona invests in disruptive innovations to create a more financially inclusive world. Monica Brand Engel is a Co-Founder and Partner at Quona, where she focuses on global investments. Monica is an investor and entrepreneur, having launched a number of investment vehicles and products aimed at broadening financial inclusion. Before co-founding Quona, Monica was the founder and Managing Director of Accion Frontier Investments Group, a growth stage fintech portfolio. She also launched and managed Accion's Marketing and Product Development Unit, where she oversaw the creation of new financial services to move the industry beyond microcredit, and worked in Mexico with Compartamos Bank, the largest microfinance institution in Latin America which IPO'd in 2007. Monica started and co-taught a graduate level course on financial inclusion and impact investing for over a decade at Johns Hopkins School of Advanced International Studies, with the goal of disseminating lessons learned and promoting investment approaches that will help mainstream the industry. She has also co-authored a chapter on equity in impact investing in a book, New Frontiers of Philanthropy, and was a founding member of the Impact Investment Advisory Council established by the Emerging Markets Private Equity Association. Monica has served on the boards of Sokowatch, Yoco, Azimo, Zoona, GloboKasNet, Shubham Housing, Paralife, Compartamos Bank, and Pay Rent Builds Credit. Monica chairs the Investor Representative Committee of LeapFrog Financial Inclusion Fund I, the world’s first microinsurance fund. Monica holds an MBA from the Stanford Graduate School of Business, a Master of Arts from Stanford University, and a Bachelor of Arts from Williams College. In this extensive interview, Monica shares: -Her personal background. How growing up in a multicultural and multi-religious family, shaped her belief that what connects us is much more powerful than what differentiates us -Why she is convinced Venture Capital can be a powerful tool for good How she became a big believer in the power of financial services to affect change in underserved markets -The notable challenges of launching a VC firm aimed at financial inclusion in 2014 -The most important lessons she learned from her mentor and former boss, Michael Chu -How to succeed in VC. The importance of building a good team with strong track record and relevant operational expertise, while having a clear and specific thesis -Why "panicking" early is an important philosophy in business and the value of always preparing for the worst -Monica's take on the lessons COVID-19 has brought to light and why Quona could not have existed 15 years ago -Why Quona remains super bullish about the future of financial services and financial inclusion and why she's excited about the Alternative Lending and Neobanking spaces
May 21, 2020
Ron Quaranta, Founder & Chairman of The Wall Street Blockchain Alliance
00:18:38
Ron is the Chairman and CEO of the Wall Street Blockchain Alliance, the world’s leading non-profit trade association promoting the comprehensive adoption of blockchain technology and crypto-assets across global financial markets. Prior to this, Ron served as CEO of DerivaTrust Technologies, a pioneering software and technology firm for financial market participants. Ron also wrote “Blockchain in Financial Markets and Beyond: Challenges and Applications. He is a well-known speaker in the fields of financial technology and innovation, serving as an advisor to multiple startups and corporations focused on fintech innovation & blockchain technology. For more information on WSBA please contact: info@wsba.co Twitter handle: @WallStreetBTC @ronqman
May 18, 2020
Solving Credit Access for Immigrants with Nicky Goulimis, COO & Co-Founder of Nova Credit
00:28:05
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG'21/G'21) is joined by Nicky Goulimis, COO & Co-Founder of Nova Credit, a mission-driven company solving the problem of credit access for immigrants. Join us as Nicky shares her inspiring story. Nicky Goulimis is the co-founder and COO of Nova Credit. Prior to Nova, she was a consultant at Bain & Company where she worked with a number of European Retail Banks. Nicky began her career in the international development space working for Ethiopia's Ministry of Agriculture on its smallholder farmer financial access initiatives. Nicky is originally from Greece and grew up in the U.K. She holds a BA from Cambridge and an M.B.A. from the Stanford Graduate School of Business, where she was awarded the Miller Social Change Leadership Award. Nova Credit is a mission-driven company solving the problem of credit access for immigrants. The company's platform offers cross-border consumer credit services that passes reports onto lenders, property managers and other domestic businesses so that they can make more informed determination on whether to accept or reject a credit application, enabling immigrants to seek financial services, housing and more when moving abroad through a digital credit passport software that helps lenders to view creditor's history. In this extensive interview, Nicky shares: (i)How the challenges Nicky faced as an international student at Stanford drove her and her co-founder, Misha, to build and launch Nova Credit (ii)Why she considers herself an accidental founder, what led her to fall in love with the entrepreneurial process, and how she decided to take Nova Credit from a class project to a full-fledged company (iii)Some of the nuances of launching a startup as an MBA student, including submitting Nova Credit's Y-Combinator application from the Mongolian mountains (iv)The initial steps they took to build Nova Credit and the importance of validating and iterating an idea with potential partners and customers (v)The process and reasons behind their rapid client transition from servicing small credit unions to quickly landing some of the biggest financial institutions in the world (vi)Their value proposition to international credit bureaus and the nature of their strong relationships with multiple regulators around the world (vii)The company's multifaceted recruiting approach to building a world-class team and their conscious effort to attract diverse talent and create a scalable culture of radical ownership (viii)Nicky's advice and words of wisdom for current and aspiring founders
May 14, 2020
Andrée Simon - President and CEO of FINCA Impact Finance
00:48:25
Andrée is the President and Chief Executive Officer of FINCA Impact Finance, or FIF, a global network of microfinance banks and institutions. FIF’s network of 20 community-based banks provides responsible financial services such as affordable loans and saving products that empower more than two million low-income women and men to take control of their financial futures in countries such as Tanzania, Uganda, Afghanistan and more. Previously, she served as Co-CEO of FINCA Microfinance Holding Company as well as VP and COO of FINCA International, returning to the organization after serving for several years as the President and COO of Women for Women International - a humanitarian organization dedicated to financial, educational, and interpersonal support of women survivors of war, poverty, and injustice. Prior to Women to Women, Andrée served as Deputy to the President & CEO of FINCA, where she was critical in redesigning the organization’s business model from a donor-based non-profit to a for-profit operating structure still doing good. She earned her undergraduate degree in international relations from the University of Virginia, an M.A. from The Johns Hopkins University School of Advanced International Studies, and her M.B.A. in Finance right here at the University of Pennsylvania’s Wharton School as part of the Class of 1999.
May 11, 2020
Omri Dahan, Chief Revenue Officer at Marqeta
00:27:30
Omri serves as Marqeta’s chief revenue officer and is accountable for the company’s growth and financial performance. After joining Marqeta’s early team, he helped pioneer the organization’s customer acquisition and growth strategies which, along with Marqeta’s award- winning technology, catapulted Marqeta’s modern card issuing platform into a global, industry-defining business. Omri began his career within the White House, eventually transitioning to the private sector, where he established a reputation for building world-class teams who develop transformational ideas into high-growth businesses. As a partner at The Trium Group, he advised CEOs and executive teams of multinational organizations including AXA, Barclays, and Virgin Atlantic, helping the firm to grow into a leading global strategy consultancy. Omri is a frequent speaker at international and domestic conferences and is a featured guest lecturer at the Columbia Business School’s Institute for Personal Leadership. He holds a Bachelor of Science degree from the University of California at Berkeley and an MBA from Harvard Business School.
May 06, 2020
Rachna Ahlawat, co-founder and EVP of Ondot systems
00:27:57
Rachna Ahlawat is co-founder and executive vice president of Ondot systems, a leading mobile payment service provider. Ondot Systems is the creator of Mobile Card Services, a white-label solution that gives consumers control over payment cards. Headquartered in Silicon Valley, Ondot brings together an experienced management team from mobile, security, and payment card industries who share a vision of transforming how consumers interact with their financial institutions. Rachna shares her experience founding a company, Ondot's mission, key features such as data enrichment and the increasing role of smartphones in the banking system.
May 01, 2020
Arpit Ratan, Co-Founder and Head of Business Development of Signzy
00:35:40
In our latest podcast, recorded late last summer, Shompa Choudhury (WG ’20) is joined by Arpit Ratan, Co-Founder and Head of Business Development of Signzy (https://signzy.com/). Signzy is a FinTech startup offering digital onboarding solutions to enable secure digital compliance via artificial intelligence and blockchain. In this interview, Arpit explains how he chose to embark on a career in FinTech after studying and practicing the law. India’s ever-growing FinTech landscape features a plethora of players – from incumbents to digital players to the government. With Signzy’s role as a data and technology-based enabler for financial services, Arpit provides valuable insights into the dynamics between various players as well as the role of data and regulations in the future of Indian FinTech. Amidst the economic and social challenges that have arisen from the current crisis, it has become even more important to evaluate how data and technology can enable various FinTech players without sacrificing the security of customers. Established in 2015, Signzy aims to build a global digital trust system with three components: (1) the ability to uniquely identify and authenticate entities, (2) the ability to access background information on these entities, and (3) the establishment of a system of rewards and punishments to reinforce trust. Today, Signzy offers a digital on-boarding solution for banks, NBFCs and other financial institutions. While most banking services in India are transitioning to digital, regulatory compliance remains largely offline and hampers consumer experience. Changing consumer preferences demand a shift to digital regulatory processes (including KYC or Know-Your-Customer), however moving to digital can expose higher risks. Signzy believes that through a combination of artificial intelligence and blockchain, they can ensure that digital compliance is convenient yet secure. Arpit studied and practiced law before founding this startup with his brother – and has ever since embarked on the journey to make digital financial services more secure and accessible through what he calls a global digital trust system. He co-founded Signzy in 2015 with his brother Ankit, who is currently the Head of Product. Along with the various accolades that Signzy has received for its innovative approach to solving regulation with data, Arpit himself has been recognized as Forbes 30 Under 30.
Apr 28, 2020
Alok Mittal, Founder & CEO of Indifi
00:46:09
In this podcast, recorded late last summer, Shompa Choudhury (WG ’20) is joined by Alok Mittal, Co-Founder and CEO of Indifi (https://www.indifi.com/). Indifi is a leading online lending platform for businesses in India. In this extensive interview, Alok explains how Indifi is leading the way in India’s competitive but growing small-business lending space. Alok also lays out the landscape for lending in India including the competitive dynamics between incumbents and new players, as well as new opportunities and challenges as technologies, regulations and consumer behavior evolve. Amidst the economic and social challenges that have arisen from the current crisis, it has become even more important to evaluate the role of FinTech innovation in sustaining growth.
Apr 24, 2020
Terry Angelos - SVP and Global Head of FinTech at Visa
00:28:58
In our latest podcast, Keane Ehsani (WG ’20) is joined by Terry Angelos, SVP and Global Head of FinTech at Visa (NYSE: V) (https://usa.visa.com). In this interview, Terry explains how Visa uses its global network to help the world’s most innovative FinTechs by collaborating to develop new modes of commerce and new ways to pay.  Terry also discusses the Visa Fast Track program (https://usa.visa.com/partner-with-us/info-for-partners/info-for-fintechs.html) for FinTech partners, exciting trends in the payments space, and how Visa is building a network of networks to facilitate more payment flows. Visa is the world’s leader in digital payments. Visa’s mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. Visa’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. Terry Angelos is SVP and Global Head of FinTech at Visa. At Visa, Terry is responsible for leading global strategy and programs focusing on how Visa engages with, invests in, and partners with innovative FinTechs that are creating new payment solutions and capabilities that drive the payments ecosystem. Previously, Terry was Global Head of Commerce & Merchant Data Products at Visa, helping merchants grow their businesses and build customer loyalty through a suite of data-driven products and services built on the world’s largest electronic payment network. Prior to his role in Commerce & Merchant Data Products, Terry led Visa Commerce Network. In 2006, Terry co-founded and served as CEO of TrialPay, which was acquired by Visa in 2015. Terry has over 15 years of experience in product strategy, development, and management. He holds a BS in Electrical Engineering from WITS University, an SM in Engineering Science from Harvard University, and an MBA from MIT Sloan.
Apr 21, 2020
Tradeblock: Nitai Bran, CEO, and John Todaro, Director of Research
00:14:49
In this podcast, Ines Gonzalez del Mazo speaks with Nitai Bran, CEO of Tradeblock and John Todaro, Director of Research. Tradeblock is a company leader in the provision of institutional trading tools and research for digital currencies. It was founded in 2013 and has its headquarters in NYC. More specifically Tradeblock: - Provides a professional platform for institutional bitcoin traders, featuring market analytics, blockchain insights, order management, trade execution, team communication, and compliance automation. - Creates and publishes a robust bitcoin index, uniquely designed to prevent manipulation, serving as the reference rate for tens of millions of dollars of registered derivative products. - Provides data services: analyses on market data relating to cryptocurrencies, trading, regulations, mining, protocol updates, blockchain analysis, and economic developments. Nitai Bran Bio: Nitai Bran is the CEO of TradeBlock. Prior to joining TradeBlock, Nitai worked for a technology consultant leading ERP implementations for Fortune 500 companies operating across Latin America. Soon after, he designed a platform to visualize SAP data on mobile devices. Based on initial success, the product was spun-off into a dedicated Business Intelligence company that was established in NYC and operated for four years. John Todaro Bio: John Todaro is the head of digital currency research at TradeBlock. TradeBlock reports have been featured in the Wall Street Journal, Forbes, Reuters, CNBC, Coindesk, Cointelegraph, and other media outlets. Prior to joining TradeBlock, John founded and managed a digital currency fund and began his career in the sales & trading division of Citigroup. John is a graduate of the University of Pennsylvania
Apr 18, 2020
Pedro Conrade, CEO & Founder of Neon and Marcelo Haddad Silva, Group Product Manager at Neon
00:29:03
In our latest episode of the Wharton Fintech podcast, Miguel Armaza (WG’21/G’21) is joined by Pedro Conrade and Marcelo Haddad Silva from Neon Bank, one of the fastest growing Neobanks in Brazil and around the world. Join us as they share some great anecdotes and advice on a variety of topics. Pedro Conrade Pedro Conrade is the CEO and founder of Neon, one of Brazil’s top challenger banks. After a frustrating episode with his bank, he decided to drop out of university and launch Neon in 2016 with the goal of liberating its customers from the bureaucracy of traditional banks. Today, the company has grown to over 3 million clients and hundreds of employees across Brazil, offering a wide range of banking products. Marcelo Haddad Silva Marcelo is a Group Product Manager at Neon. In this role, he oversees the digital account for individual consumers, including payment methods, investments, and core banking transactions. Prior to joining Neon, Marcelo worked almost 10 years in strategic planning in firms such as BRK Ambiental, Whirlpool Latin America, and Booz & Company. Marcelo holds an MBA/MA from the Wharton School and the Lauder Institute at the University of Pennsylvania, a Master of Science in Aerospace Engineering from the Instituto Tecnologico de Aeronautica, and a Bachelor of Science in Aerospace Engineering from the University of Virginia. In this extensive interview, Pedro and Marcelo share: - Pedro's serial entrepreneurship, how he went from launching a bikini shop at only sixteen years old to dropping out of college to found Neon Bank - How high fees and poor customer service from his old relationship bank, motivated Pedro to start Neon in 2016 without any prior professional banking experience - The multifaceted challenges of building a financial institution from scratch and the steps Neon took to develop their initial products - How Neon's focus on understanding customer needs helps them analyze and decide their expansion efforts - The duo's management approach to ongoing monthly double-digit growth and why finding the right talent and technology are Neon's biggest challenges - Neon's relationship with the Brazilian banking regulator - A look forward to Pedro's vision of the Brazilian banking industry in the next decade - The factors that drove their September 2019 acquisition of MEI Facil, a fintech startup servicing Brazilian micro-entrepreneurs - The duo's advice for aspiring entrepreneurs, including the importance of finding the right investors and why attractive unit economics matter greatly Interview recorded February, 2020.
Apr 15, 2020
Steve McLaughlin, Founder, CEO, and Managing Partner of FT Partners
00:24:55
In our latest podcast, Miguel Armaza (WG’21/G’21) is joined by Steve McLaughlin. He is the founder, CEO and managing partner of FT Partners. Steve started his investment banking career at Goldman Sachs covering financial technology companies in 1995. Seven years later, he left Goldman to launch FT Partners at the age of 32. He has been successfully running and growing the firm for almost 20 years and is one of the undisputable leaders in Fintech capital raising and M&A advising. McLaughlin has been recognized with multiple industry awards, including Investment Banker of the Year by The Information, and is consistently ranked as one of the most influential people in Fintech around the world. Steve holds an MBA from the Wharton School and a BSBA from Villanova University. FT Partners FT Partners is the only investment banking firm focused exclusively on providing strategic and financial advisory services to clients and CEOs in the dynamic global FinTech sector. The firm offers strategic advisory services in mission-critical transactions including mergers, acquisitions, IPOs, LBOs, refinancings, recapitalizations and private capital raises. San Francisco-based FT Partners has the largest and most senior group of dedicated bankers focused on FinTech. For additional information, please visit www.ftpartners.com. In this extensive interview, Steve shares: - How he launched FT Partners in 2002, some of the challenges they encountered early on, and how the firm has grown to 160 employees in 2020 - The company’s data and analytical driven coverage model, led by a dedicated 30 person internal research team - FT Partners’ close relationship with the Fintech ecosystem, including Venture Capital funds and entrepreneurs - Why Steve believes we are only at the early innings of the Fintech revolution and some of the verticals and companies he is excited about - The road ahead for FT Partners and their role in the industry Interview recorded on March 6, 2020.
Apr 09, 2020
Podcast with Alexander Lebow, Co-Founder of Say
00:25:39
In this podcast, Sam Werther (WG ’20) is joined by Alexander Lebow, co-founder of Say. Alex talks about how he and his co-founders came up with the idea for Say. As a lawyer specializing in M&A transactions, Alex had first hand experience working with incumbents in the shareholder communications industry. He and his co-founders realized how the incumbents were operating without any incentive to improve the process for stakeholders or shareholders. Alex talks about what differentiates Say, the partnerships they’ve built in fintech, challenges they’ve faced since founding the company, trends and regulations impacting Say’s business, and what’s coming next for the company. To learn more about the company visit saytechnologies.com. Say is a New York City-based technology company disrupting the $4B investor communications industry. Say serves millions of investors as a full-service proxy processing and shareholder communications provider in partnership with leading brokerages and investment platforms. Say is also pioneering new modes of shareholder engagement for investors, funds, and companies, including a high-profile engagement with Elon Musk and Tesla for their earnings calls, annual shareholder meetings, and product launches. The company has raised $18 million to date. This podcast was originally recorded in 2019.
Apr 05, 2020
Anoushka Vaswani, Partner at Lightspeed Venture Partners
00:20:22
In our latest podcast, Shayaan Khanna (WG '20) is joined by Anoushka Vaswani, Partner at Lightspeed Venture Partners. Anoushka is an investor in growth-stage companies in the enterprise software and infrastructure ecosystems. Companies she covers (or has covered) include Earnin, PayRange, Side and Open Listings. Anoushka has worked across finance, consulting & investing, largely focused on the tech sector. She also has a global childhood, growing up in the UAE, Turkey, Belgium and the United States. During our interview, we learn some insights on how Anoushka got a role in VC and what she is most excited about in the FinTech space. We also discuss gender diversity and how best to foster an inclusive environment in typically male-dominated industries. Anoushka runs a monthly newsletter called Monthly M(AI)L (http://anoushkavaswani.com/newsletter) focused on enterprise applications of AI & ML, showing us how to scale enterprise startups. She also shared with us the inside scoop on some of the opportunities and challenges startups have partnering with larger financial institutions.
Mar 31, 2020
Husayn Kassai, Co-Founder and CEO of Onfido
00:27:29
In our latest podcast, Shayaan Khanna (WG ’20) is joined by Husayn Kassai, CEO and Co-Founder of Onfido (onfido.com). Husayn talks about the inspiration behind founding Onfido: his own experience when his parents moved to the UK which made him realize how broken the process of identity verification was. He discusses how Onfido, through identity verification, is enabling financial services players across the world to provide access to formal finance to the unbanked. He also shares his thoughts on the latest trends in FinTech and advice for students considering entrepreneurship in colleges / schools. Onfido is a software company that helps businesses verify people's identities using a photo-based identity document, a selfie and AI algorithms. Founded in 2012 by Husayn and his two co-founders while studying at Oxford, Onfido is taking on today’s sophisticated fraud landscape. It counts Square, Revolut and Zipcar among its 1,500 clients. Today it has over 250 employees across the world, with offices in London, San Francisco, New York, Lisbon, Paris, New Delhi and Singapore.
Feb 07, 2020
From Money20/20 USA: Adam Hughes - President & COO of Amount
00:16:58
In our latest live interview from Money2020, Peter Jankovsky (WG'20) is joined by Adam Hughes, the President and COO of Amount. Amount is a leading-edge technology company dedicated to creating and enhancing the digital credit offerings of financial institutions. Built by lending industry veterans, Amount’s multi-purpose lending products help partners go digital with a suite of proven product modules for credit decisioning, fraud prevention, account verifications, servicing engines and CRM solutions. In this extensive interview, Adam shares: * How Amount grew out of Avant and the opportunity that Adam sees for the company today * Plans for Amount's growth, including a recently-announced POS lending solution * Adam's views on how partnerships will become key to success in consumer banking going forward * Adam's advice for entrepreneurs and those entering the FinTech space Prior to his role at Amount, Adam was President & COO for Avant, where he was the first employee hired.
Jan 25, 2020
From Money20/20 USA: Jeffery Kendall – EVP, North America Sales and Distribution at Temenos
00:21:26
In our latest podcast, Keane Ehsani (WG ’20) is joined by Jeffery Kendall, Executive Vice President of North America Sales and Distribution at Temenos (https://www.temenos.com/us/). In this extensive interview, Jeffery explains how Temenos Infinity helps banks and credit unions become digital through their foundational low code platform.  Jeffery also discusses how digital service has evolved to drive growth in deposits and how digital transformation and evolving consumer preferences are changing the way in which banks interact with their customers to provide a better user experience. Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos AG is the world’s leader in banking software, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos Infinity (https://www.temenos.com/us/products/infinity/) is a digital banking front office product focused on customer experience. Temenos Infinity delivers a cloud-native, cloud-agnostic, independent digital banking solution. This customer-focused experience operates on any core banking system. It incorporates an omnichannel experience and real-time engagement, a best-in-class onboarding, and origination capability, along with rich functionality to support personal financial management and customer servicing. As the Executive Vice President of North America Sales and Distribution for Temenos, Jeffery is responsible for driving solutions for growth for Temenos' North American customer base of 1,400.  Jeffery also manages partnerships with the rest of Temenos to ensure the global success of Temenos Infinity, their market leading digital front office product.  Jeffery was previously the Executive Vice President and General Manager of Banking at Kony (acquired by Temenos in 2019 for $580mm), where he led sales, marketing, professional services, and product management functions for Kony's digital banking portfolio.  We would like to thank the team at Money 20/20 USA (https://www.money2020.com) for hosting Wharton FinTech in Las Vegas during their annual conference to meet with and interview thought leaders in the FinTech Industry. Money20/20 is the premier global event on Payments, FinTech, and Financial Services where C-Level Executives, renowned speakers, innovators and disruptors from across the world unite to drive change in the future of money. We would also like to thank Wharton FinTech's platinum sponsor, the Stevens Center for Innovation in Finance at Wharton (https://stevenscenter.wharton.upenn.edu). The Stevens Center is the premier research, education, and thought leadership institution in the world for financial technology.
Jan 16, 2020
From Money20/20 USA: Jay Dearborn - President of WEX Corporate Payments
00:27:07
In our latest interview from Money20/20, Peter Jankovsky (WG'20) is joined by Jay Dearborn, the President of WEX Corporate Payments. Jay joined WEX in 2016, bringing to the company more than 15 years of experience driving strategic growth, marketing, and operational performance improvement. As president of corporate payments, Jay is responsible for WEX’s commercial card and other payments solutions. In this extensive interview, Jay shares: 1. The opportunity that WEX sees in the multi-trillion-dollar B2B payments space 2. WEX's history as an innovator in B2B payments and how WEX is partnering with both FinTechs and incumbent financial institutions to simplify payments for businesses 3. How WEX has maintained a nimble, non-hierarchical culture despite seeing rapid growth 4. Advice that Jay has for those just entering the FinTech/payments space. Jay previously served as WEX’s VP of strategy. Prior to joining WEX in January 2016, Jay was a partner at McKinsey & Company and held a variety of roles at American Express. Jay and his wife Nisha are both double Wharton alum, having both graduated with undergraduate and MBA degrees. Jay also holds a Masters degree in Foreign Policy from the Fletcher School at Tufts University.
Jan 10, 2020
Richie Serna - CEO of Finix
00:37:03
In our latest podcast, Meghna Sreenivasan (WG ’20) is joined by Richie Serna, CEO and Co-Founder of Finix (https://finixpayments.com). Richie discusses the inspiration behind Finix: seeing the difficulties companies faced when creating payments infrastructure in-house, and the opportunity this presented. He also shares his thoughts on other innovative payments companies, the future of the industry, and lessons learned from his journey as an entrepreneur. Richie co-founded Finix with Sean Donovan in 2015 to redefine the economics of payments. Finix allows growing businesses to own and make money from their payments systems (vs. paying “rent” fees to third-party processors). Finix’s software allows companies to bring payments in-house, a process that previously took 2-3 years and cost millions of dollars. With Finix, they can do the same in as little as one month, and at a fraction of the cost. Finix is trusted by companies that process $50 million or more in payments like Lightspeed POS Inc. and Clubessential to build and scale their payments infrastructure. Finix is headquartered in San Francisco, with an additional office in Cincinnati, Ohio. Finix has raised funds from Bain Capital Ventures, Homebrew, Insight Venture Partners, Visa and several others.
Jan 04, 2020
From Money20/20 USA: Rob Krugman - Chief Digital Officer At Broadridge
00:24:50
In our latest podcast, Keane Ehsani (WG ’20) is joined by Robert Krugman, Chief Digital Officer at Broadridge (https://www.broadridge.com). In this extensive interview, Robert explains how Broadridge helps its customers enrich client and shareholder engagement. Robert also discusses how digital transformation, changing consumer preferences, and an evolving regulatory landscape are changing the way in which Broadridge’s clients communicate with their customers to provide a better user experience. Broadridge began as the brokerage services division of ADP in 1962. Since becoming independent in 2007, Broadridge has grown into a global Fintech company with over $4 billion in revenues and is recognized as an invaluable partner for the world’s leading companies and financial institutions. Broadridge helps drive business transformation for their clients with solutions for enriching client engagement, navigating risk, optimizing efficiency and generating revenue growth. Broadridge handles millions of trades a day involving trillions of dollars, support communications that reach 75% of North American households, and manage shareholder voting in 90 countries. As Chief Digital Officer for Broadridge, Robert leads the digital strategy and innovation for the customer communications group. His team ensures banking, telecom, utility, insurance and healthcare brands are engaging with their customers where consumers already frequent online. By supplementing traditional channels with new and emerging digital ways of engaging, the customer communications team helps businesses reduce costs, improve customer relationships, and make every touchpoint a meaningful interaction. We would like to thank the team at Money 20/20 USA (https://www.money2020.com) for hosting Wharton FinTech in Las Vegas during their annual conference to meet with and interview thought leaders in the FinTech Industry. Money20/20 is the premier global event on Payments, FinTech, and Financial Services where C-Level Executives, renowned speakers, innovators and disruptors from across the world unite to drive change in the future of money. We would also like to thank Wharton FinTech's platinum sponsor, the Stevens Center for Innovation in Finance at Wharton (https://stevenscenter.wharton.upenn.edu). The Stevens Center is the premier research, education, and thought leadership institution in the world for financial technology.
Dec 23, 2019
From Money20/20 USA: Tim Chen - Co-Founder and CEO of NerdWallet
00:21:18
In our latest podcast, live from Money20/20, Peter Jankovsky (WG'20) speaks with Tim Chen, the CEO and co-founder of NerdWallet. NerdWallet is a leading personal finance content platform with over 100 million users that provides users clarity around all of life's financial decisions. In addition to leading NerdWallet, Tim sat on the most recent Consumer Advisory Board of the CFPB, and was appointed to the board of the National Foundation for Credit Counseling (NFCC). In this extensive interview, Tim shares: • NerdWallet's founding story and how he's grown the company from an $800 investment into a $500 M company serving 100 M+ customers • The future vision for NerdWallet and how Tim is using machine learning to better understand and serve customer needs • Lessons learned from his experience as an entrepreneur, particularly on how he finds and evaluates talented executives • Advice for investors or young executives choosing FinTechs that will be successful in the long-run Prior to NerdWallet, Tim was a hedge fund analyst and also worked in equity research at Credit Suisse First Boston. We would like to thank the team at Money20/20 USA for hosting Wharton FinTech in Las Vegas during their annual conference to meet with and interview thought leaders in the FinTech industry. Money20/20 is the premier global event on Payments, FinTech, and Financial Services where C-level executives, renowned speakers, innovators, and disruptors from across the world unite to drive change in the future of money. We would also like to thank Wharton FinTech's Platinum Sponsor, the Stevens Center for Innovation in Finance. The Stevens Center is the premier research, education, and thought leadership institution in the world for financial technology.
Dec 17, 2019
Luvleen Sidhu - Co-Founder and CEO at BankMobile
00:41:45
In our latest podcast, Shompa Choudhury (WG ’20) is joined by Luvleen Sidhu, Co-Founder and CEO (formerly Chief Strategy Officer) at BankMobile (https://www.bankmobile.com/index). In this extensive interview, Luvleen explains how BankMobile is leading the way in mobile-first banking by making banking more accessible and affordable. Luvleen also lays out the landscape for digital banking in the U.S. and explains how BankMobile’s B2B2C white label model allows them to create high volume customer acquisition at a low cost through partnerships with large consumer aggregators. Established in 2015, BankMobile is a division of Customers Bank and among the largest and fastest-growing mobile-first banking platforms in the U.S., offering checking and savings accounts, personal loans and credit cards. BankMobile employs a “Bank-as-a-Service” (BaaS) model, which enables BankMobile to acquire customers at higher volumes and substantially lower expense than traditional banks. Its low-cost operating model enables it to provide low-cost banking services to low/middle-income Americans who have been left behind by the high-fee model of “traditional” banks. Today, BankMobile provides its BaaS platform to universities and large consumer aggregators, such as T-Mobile, and currently serves over 60 million members as a top 15 bank in number of consumer checking accounts. Luvleen Sidhu is the Co-Founder and CEO (formerly Chief Strategy Officer) at BankMobile. She is also a member of the BankMobile Board of Directors and Director & Founder of the BankMobile Foundation, where she identifies and funds budding entrepreneurs and organizations that promote financial literacy. Prior to becoming a well-recognized name in the industry, she earned her MBA here as part of The Wharton School at The University of Pennsylvania as part of the Class of 2013.
Dec 15, 2019
Sergio Furio - Founder and CEO of Creditas
00:33:45
In our latest podcast, Ronak Mehta (WG ’20) is joined by Sergio Furio, Founder and CEO of Creditas (www.creditas.com.br). In this extensive interview, Sergio explains how Creditas improves the lives of Brazilians by providing access to affordable credit. Sergio also provides context on the Brazilian retail banking and lending industry, shares his vision for Creditas’ future, and reflects on key learnings from his journey as an entrepreneur. Creditas is the leading secured lending platform in Brazil. With 1,000 employees and $315 million USD in VC funding, Creditas is one of the top fintech companies in Latin America. Creditas’ backers include Softbank, Kaszek, Redpoint eVentures, Vostok Emerging Finance, QED Investors, the IFC, Quona Capital, Santander Innoventures, among others. Creditas reduces the high interest rates paid by the Brazilian population by using borrowers’ assets, such as home and automobile, as collateral for loans. Before founding Creditas in 2012, Sergio was an executive at The Boston Consulting Group and in Deutsche Bank’s investment banking division.
Dec 09, 2019
Amias Gerety - Partner at QED Investors
00:25:15
In our latest podcast, Keane Ehsani (WG ’20) is joined by Amias Gerety, Partner at QED Investors (https://qedinvestors.com). In this extensive interview, Amias describes QED’s investment philosophy and how they selectively provide capital and add value to emerging financial services companies. Amias also dives into his experiences at Treasury, the current US regulatory landscape for emerging FinTechs, and how QED’s portfolio companies are disrupting financial services. Amias joined QED as a Partner in 2017 focusing on supporting the portfolio and finding new investment opportunities with a focus on back office technologies and infrastructure companies. Amias brings a deep background in financial markets, compliance, and RegTech to the QED team.  Prior to joining 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.  He also oversaw a number of programs focused on supporting small business lending and community development. Prior to Treasury, Amias was a management consultant at Oliver Wyman.  Amias is a recipient of the Alexander Hamilton award, the Treasury’s highest honor. Amias graduated Magna Cum Laude from Harvard with a BA in Social Studies. QED Investors is a leading boutique venture capital firm based in Alexandria, VA. QED focuses on investing in early stage, disruptive financial services companies in the U.S., U.K. and Latin America. QED is dedicated to building great businesses and uses a unique, hands-on approach that leverages their partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth. Notable investments include Credit Karma, ClearScore, SoFi, Avant, Nubank, Remitly, GreenSky and LendUp. We want thank Wharton FinTech's platinum sponsor, the Stevens Center for Innovation in Finance at Wharton (stevenscenter.wharton.upenn.edu). The Stevens Center is the premier research, education, and thought leadership institution in the world for financial technology.
Nov 26, 2019
Dr. Jing Wang - Assistant Professor Of Interactive Media & Business At NYU Shanghai
00:40:18
In our latest podcast, Anna Li (WG’20) is joined by Dr. Jing Wang, the Assistant Professor of Interactive Media & Business at NYU Shanghai. As China has been in the forefront of financial innovation and received a lot of venture funding in the FinTech space, the Wharton FinTech Club invited Dr. Wang to discuss the FinTech landscape in China as well as the evolving regulatory environment in the region. Dr. Wang focuses on studying how information technologies reshape the financial domain in the global context. At NYU Shanghai, Professor Wang teaches the course "Understanding Financial Technologies" and mentors students in the Program on Creativity and Innovation. Prior to joining NYU, she taught at Tulane University in Louisiana. Her writings are published on peer-reviewed journals and business and financial news.   In this interview, Dr. Wang covers the following:  1. Overview of the rapid financial innovation that has taken place in China over the last couple of years and how the regulatory environment has supported and then contained the rapid development of FinTech companies  2. Overview of the main regulatory bodies in China for FinTech (see details in Dr. Wang's forthcoming article in The China Quarterly) 3. Comparison of the FinTech companies in the US versus China and how the regulatory framework differs in the two countries 4. The difference in regulatory controls between China and Hong Kong 5. How social scoring is implemented in China and how the government collaborates with FinTech/Tech firms to set those standards 6. Chinese government oversight on different sub-sectors within FinTech (i.e. P2P, payments, wealth management, etc.) 7. Regulation of virtual currencies in China 8. Types of companies that will experience headwinds and tailwinds from Chinese government policies
Nov 22, 2019
Sankaet Pathak – CEO Of Synapse
00:28:32
In our latest podcast, Meghna Sreenivasan (WG ’20) is joined by Sankaet Pathak, CEO of Synapse (https://synapsefi.com). In this extensive interview, Sankaet explains how Synapse offers developer-facing APIs for companies building innovative financial products and bank-facing APIs so banks can automate their back-end operations. Sankaet also does a deep dive in how customers interact with Synapse, the trend from enablement to high fidelity user experience in financial services, and his journey as an international entrepreneur. Synapse provides payment, deposit, lending and investment products as APIs to FinTech companies who build and launch their financial innovations on top of their banking infrastructure. Synapse enables everyone around the world to access best-in-class financial products, regardless of their net worth. Sankaet Pathak came to the US from India to study computer engineering at the University of Memphis.  His experience of not being able to open a bank account due to his immigrant status, prompted him to launch a financial services company that could reduce barriers of entry for underbanked or unbanked folks. Through his efforts, Sankaet found that the true barrier to entry was an outdated infrastructure that kept everyday people from accessing best-in-class financial products. Today, Synapse services over 1.8 million end-users and processes over $10 billion in deposits. Many of Synapse’s clients are small FinTech companies offering innovative financial solutions that are both accessible and affordable for end users.
Nov 19, 2019
Pranav Barthwal - Co-Founder of SaveAbhi
00:39:40
In our latest podcast, Shompa Choudhury (WG ’20) is joined by Pranav Barthwal, Co-Founder of Save Abhi. In this extensive interview, Pranav discusses the evolution of payments in India and how Save Abhi has re-envisioned savings and wealth management for millennials in India. Save Abhi enables easy building of savings by rounding transactions to the nearest rupee and saving the change for investment. Previously, Pranav was in the payments space, heading a joint venture between ICICI Bank & First Data - a leading FinTech payments player providing POS terminals to over 400,000 merchants across India. Pranav studied engineering at the Indian Institute of Technology Delhi and completed his MBA from INSEAD. Overall, Pranav has over 17 years of experience across payments, consumer goods and online learning organizations like First Data, Amex, and Reebok.
Nov 12, 2019
Omer Ismail - Head of Marcus U.S. (Goldman Sachs' Consumer Business)
00:28:47
In our latest podcast, Peter Jankovsky (WG'20) is joined by Omer Ismail, the head of Goldman Sachs' US consumer business. In this role, Omer oversees the Marcus by Goldman Sachs and Clarity Money businesses as well as the Goldman Sachs/Apple credit card partnership. Omer was originally the consumer business' first employee, and under his leadership, Goldman Sachs' US business has grown to over 4 million customers, $5 B in loan balances, $50 B in deposits, and 1,300 employees.*   In this extensive interview, Omer dives into: • The story behind Goldman's decision to enter consumer banking and how it went about understanding consumer pain points to deliver a unique value proposition • How the consumer business operates as a distinct business within the broader Goldman umbrella, and how its focus on constant iteration of design and UX delivers a differentiated customer experience • Surprises and challenges that Goldman tackled as it scaled its consumer business • Thoughts on what's next for Goldman in the consumer banking space, as well as Omer's view on opportunities/challenges in the market   Prior to launching Goldman's consumer business, Omer spent a decade in the private equity division at Goldman Sachs, focused on investing in technology-enabled businesses in the financial services, media and healthcare sectors. Omer grew up in Karachi, Pakistan and earned a BA from Dartmouth College and an MBA from Harvard Business School. He has been featured in the Wall Street Journal, CNBC, Forbes, Fast Company and American Banker. He has been recognized as one of Business Insider’s 100 People Transforming Business, Crain’s 40 under 40 and Bank Innovation’s Innovators to Watch. Omer lives in New York with his wife and two kids. * Stats mentioned in audio may slightly differ; podcast was recorded at start of summer 2019.
Sep 15, 2019
Andrew Endicott - CFO, Co-Founder, & President of Petal
00:46:29
In our latest podcast, Peter Jankovsky (WG'20) is joined by Andrew Endicott, the CFO, President, and Co-Founder of Petal. Petal is a new kind of credit card company on a mission to make credit honest, simple, and accessible. Petal is one of the fastest growing fintech companies in the United States and is pioneering the next generation of consumer lending through its proprietary cash flow underwriting strategy, which promises to serve tens of millions of creditworthy borrowers that are currently ignored by traditional underwriting approaches. In this extensive interview, Andrew shares the founding story of Petal and how it expands access to safe and affordable credit by using underwriting cash flows instead of just credit scores; how Andrew tested the concept before launching, the unique challenges that lending companies face in establishing product-market fit, and Andrew's advice for entrepreneurs; and Andrew's thoughts on the industry's broader evolution, among other topics. Prior to co-founding Petal, Andrew was an investment banker at Lazard and focused on buy-side and sell-side acquisitions involving consumer-facing companies and non-bank lenders. Prior to that, Andrew practiced corporate law at Willkie Farr & Gallagher LLP, where he focused on public and private M&A, along with securities offerings, including IPOs, equity and debt offerings, and other transactions. Andrew holds a J.D. from Harvard Law School as well as a B.S.B.A. from the University of Arkansas and is a periodic lecturer on strategic transactions at the Walton College of Business at the University of Arkansas, where he is also a member of the Dean’s Alumni Advisory Council.
Aug 27, 2019
David Lessing – Chief Revenue Officer at Addepar
00:29:42
In our latest podcast, Keane Ehsani (WG ’20) is joined by David Lessing, Chief Revenue Officer at Addepar (https://addepar.com). In this extensive interview, David explains how Addepar empowers financial advisors and investors to navigate the increasingly complex world of investment management. David also discusses how the wealth management industry has evolved with the proliferation of breakaway advisors, the regulatory hurdles that financial advisors and wealth tech platforms face, and how Addepar’s data aggregation, financial operating system, and real-time analysis help investors monitor their portfolios. Addepar works with hundreds of family offices, wealth advisors, and private banks representing more than $1 trillion of assets on their platform. Addepar gives investors and advisors a clearer financial picture at every level of their portfolios. With real-time analysis and customizable reporting, financial advisors can visualize and communicate relevant information to their clients. David Lessing recently joined Addepar after serving as a Board member, advisor, and CEO of several financial services startups over the past four years. He has spent most of his career in senior leadership roles in the wealth management industry, serving as Chief Operating Officer for Morgan Stanley’s U.S. Field Management Group and Head of Merrill Lynch’s Global Private Client Direct Division.
Aug 20, 2019
Chris Britt, CEO and Co-Founder of Chime
00:32:09
In our latest podcast, Peter Jankovsky (WG'20) is joined by Chris Britt, the Co-Founder and CEO of Chime. Chime is a challenger bank that was founded with the mission of helping its members achieve financial peace of mind. Since launching in 2013, it has become one of the fastest-growing challenger banks with over 4 M accounts and recently raised $200 M in funding at a $1.5 B valuation. In this extensive interview, Chris dives into: * His motivation for founding Chime and the distinct value prop it offers in the market today * How Chime's customer-centric approach is fueling its rapid growth with a revenue model that is aligned with the happiness of its members * What's next for Chime, including how Chris thinks about partnerships and his thinking on whether or not to pursue a bank charter * The future of the US retail banking market and how it will evolve to the benefit of consumers * Advice for entrepreneurs in the FinTech space Chris Britt is the co-founder & CEO of Chime. Before founding Chime, Chris was the Chief Product Officer and SVP, Corporate Development at Green Dot. Prior to that, Chris held roles as a senior product leader at Visa and as one of the first executives at ComScore. In addition, Chris is a Board Member of coachart.org, a non-profit that connects chronically ill kids with free lessons in the arts and athletics.
Aug 12, 2019
Thomas Sponholtz, CEO and Chairman at Unison Home Ownership Investors
00:36:11
In our latest podcast, Keane Ehsani (WG ’20) is joined by Thomas Sponholtz, CEO and Chairman at Unison Home Ownership Investors (https://www.unison.com). In this extensive interview, Thomas explains how Unison helps first time homebuyers by co-investing in their down payment. Thomas also discusses homeowner’s equity as an asset class, how Unison uses data analytics to forecast the value of its portfolio, and how Unison is revolutionizing the industry by unlocking homeowner’s equity. Unison is pioneering a smarter and better way to buy and own homes by helping homebuyers with their down payment in exchange for a portion of their home’s appreciation when they sell. At Unison, Thomas has built a team of financial and real estate professionals who are committed to helping homebuyers get the home they want, and homeowners finance their life needs without adding debt. Unison believes in a world where buying and owning a home is not a zero-sum game, and that with the right partners, everyone can win. Thomas founded Unison and leads the company’s overall strategic direction. He has more than twenty years of experience building large-scale consumer finance and investment management businesses at companies such as Barclay’s Global Investors, where he managed the $28 billion residential mortgage portfolio, built the first Fixed Income ETF (iShares) and developed Barclay’s Global Multi-Strategy and Credit Long/Short fund.
Aug 07, 2019
LendIt Fintech USA: Ryan Rugg, Global Head of Industry Verticals at R3
00:17:13
In this broadcast from LendIt Fintech USA in April 2019, recent alumna Dipika Sen (WG'19) speaks with Ryan Rugg, R3's Global Head of Industry Verticals. In this role, Ryan oversees the global team that is responsible for helping industry leaders understand and navigate the forces reshaping their businesses, including blockchain technology. Previously, she led the Global Insurance businesses for R3, which has become one of the largest ecosystems building and deploying on R3’s Blockchain Platform, Corda. Prior to R3, Ryan worked for Morgan Stanley and JPMorgan where she gained extensive experience in financial services covering a broad range of institutions including insurance, hedge funds, banks, and asset managers.
Jul 28, 2019
FinTech Innovation Lab for New York 2019 Demo Day
00:43:56
In our latest podcast, Keane Ehsani (WG ’20) attends the FinTech Innovation Lab 2019 Demo Day in New York, where 11 enterprise tech companies got to showcase innovative products and services. In this podcast, Keane is joined by Maria Gotsch of the Partnership Fund for New York, Hans Morris of Nyca Partners, George Hessler of Magma Trading, and Nir Perry of Cyberwrite. The FinTech Innovation Lab (https://www.fintechinnovationlab.com) was founded in 2010 by Accenture and the Partnership Fund for New York City. The Lab provides early- and growth-stage FinTech companies with access to the world’s leading financial institutions. The Lab was established to help make New York a leader in FinTech and to grow technology jobs by leveraging the concentration of large financial institutions and deep domain expertise that exist in New York. Maria Gotsch, President and CEO of the Partnership Fund for New York City The Partnership Fund (https://partnershipfundnyc.org) has invested $173mm to preserve New York City’s competitive edge and to mobilize the city’s financial and business leaders to help build a stronger and more diversified local economy. In addition to leading the Fund’s investment operations, Maria has spearheaded the creation and operation of a number of the Fund’s strategic initiatives, including the FinTech Innovation Lab for New York. Hans Morris, Managing Partner of Nyca Partners Nyca (https://www.nyca.com) is a leading venture capital firm focused on connecting innovative companies to the global financial system. In addition to being the Managing Partner of Nyca, Hans also serves as chairman of the board of Lending Club and as a board member of AvidXchange, Boomtown, Payoneer, and SigFig.  Prior to Nyca, Hans held several senior management positions at General Atlantic, Visa, and Citigroup. George Hessler, CEO and Founder of Magma Trading Magma Trading (https://www.magmatrading.com) has created a new kind of stock market that allows broker-dealers to trade large blocks of equities. This structure allows market-making firms to post large potential trades without fear of getting run over by high-speed electronic sweeps. Nir Perry, CEO and Founder of Cyberwrite Cyberwrite (https://cyberwrite.com) enables insurers, brokers, and agents to cyberprofile and benchmark the cyber insurance risk of small-medium businesses worldwide and to estimate the financial impact of potential cyber incidents on their businesses using their unique Cyber Profiling technology. Fintech Innovation Lab Demo Day Press Release: https://www.businesswire.com/news/home/20190627005121/en/11-Enterprise-Tech-Companies-Showcase-Inventive-Products Fintech Innovation Lab Demo Day Archived Video Presentations: https://www.fintechinnovationlab.com/new-york/live/
Jul 15, 2019
Dov Marmor, GM & Head of Banking as a Service at Green Dot
00:32:15
In our latest podcast, Keane Ehsani (WG ’20) is joined by Dov Marmor, GM & Head of Banking as a Service at Green Dot (https://www.greendot.com). In this extensive interview, Dov dives into the proliferation of prepaid cards and Banking as a Service in the U.S.  Dov also discusses Green Dot’s unique and vertically integrated value proposition for companies looking to provide banking services, how to land a job in fintech, and the evolution of the fintech industry. Dov Marmor leads Green Dot’s Banking as a Service (BaaS) division, which is the platform used by companies like Uber, Intuit, Apple, and Stash to create custom financial products for their customers.  He is also a fintech lecturer at Cornell University’s Johnson Business School where he earned his MBA and serves on the alumni board. Prior to joining Green Dot, Dov led the US launch of Currencycloud, a Google Ventures funded fintech platform that processes billions of dollars in payments globally for major tech companies.  Earlier in his career, Dov held leadership roles at Super Derivatives (Sold to Intercontinental Exchange) and Standard & Poor’s. He has extensive experience across fintech, Cloud Platforms, Payments, and digital innovation.    Linked in article link about how to land a job in FinTech: https://www.linkedin.com/pulse/how-land-job-fintech-dov-marmor/ For more information on Banking as a Service: https://greendot.com/business
Jul 02, 2019
Ray Martinez, Co-Founder and President of EVERFI
00:37:58
In our latest podcast, Peter Jankovsky (WG'20) speaks with Ray Martinez, the Co-Founder and President of EVERFI. EVERFI is a recognized leader in financial literacy education that uses digital learning platforms to power financial wellness products for many of the country's leading institutions. Founded in 2008, EVERFI is backed by some of America's leading CEOs and VC firms, including Amazon founder/CEO Jeff Bezos, former Alphabet Chairman Eric Schmidt, Twitter founder Evan Williams, Advance Publications, Rethink Education, and Rethink Impact. In this extensive podcast, Ray dives into: * The founding of EVERFI and how it developed a unique revenue model in its early days * How EVERFI's new Achieve platform delivers engaging, personalized financial education to consumers * How financial institutions can use Achieve to better understand and engage with their customer base * Learnings from EVERFI's K-12 educational offerings that informed the design of Achieve * EVERFI's ambitions to build out additional educational offerings for healthcare finance, savings/retirement, emotional learning, and mental wellness, among other areas Ray's learnings from his experience as an entrepreneur boot-strapping EVERFI in its early days As President of Financial Education, Ray is responsible for leading the Company's financial education business, which powers financial capability programs for hundreds of financial institutions across the country. He also oversees EVERFI's Financial Capability Network which has grown to include over 850 financial institutions, thousands of teachers, government officials, Advisory Board members, and non-profit partners. The Financial Capability Network is committed to delivering critical financial education to K-12 students and adults in all 50 states, Puerto Rico, and Canada, while also leveraging best practices and technology solutions to yield maximum impact within their communities. Ray has spent over 20 years in the education industry, having served in leadership roles at Kaplan prior to co-founding EVERFI. Questions? Comments? Want to get in touch? Send us a note at whartonfintech@gmail.com
Jun 26, 2019
Colin Walsh, CEO and Co-Founder of Varo Money
00:27:54
In our latest podcast, Peter Jankovsky (WG'20) is joined by Colin Walsh, the CEO and Co-Founder of Varo Money. Varo Money is on track to become the first mobile-centric national bank in US history after gaining approval for a national bank charter. We previously spoke with Colin in the early days of Varo's launch and are excited to welcome him back to the podcast to share his experience in the market. In this extensive interview, Colin shares: * His unique founding story and the value proposition behind Varo * The rationale for Varo's decision to pursue a national bank charter * His vision for what's next for Varo - including both product and geographic expansion * Challenges that Varo has overcome since launching in the market * Advice for entrepreneurs seeking funding * His views on the competitive landscape for consumer banking in the US Prior to starting Varo, Colin spent over 25 years working in consumer banking at global financial institutions. He was previously an EVP at American Express, leading Europe's largest credit and charge card business, and an MD at Lloyd's, leading the UK's largest mortgage and savings businesses. Feedback? Questions? Send us a note at whartonfintech@gmail.com
Jun 05, 2019
Gerry Tsai, Federal Reserve Bank of San Francisco
00:39:59
In our latest podcast, Keane Ehsani (WG ’20) is joined by Gerry Tsai, Director of Applications and Fintech in the Financial Institution Supervision and Credit Group at the Federal Reserve Bank of San Francisco (FRBSF) (https://www.frbsf.org). In this extensive interview, Gerry dives into the evolution of the Fintech industry and the U.S. regulatory response. Gerry also discusses the FRBSF’s Fintech Navigate program, regulatory sandboxes, and the various regulatory regimes that apply to the use of consumer financial data. In his Fintech role at the FRBSF, Mr. Tsai leads a team of analysts that focus on better understanding the opportunities and regulatory questions posed by the Fintech industry, as well as related impacts on the banking sector.  In his applications capacity, he oversees a team that reviews and acts on regulatory applications by banking institutions to engage in mergers, acquisitions, and other expansionary activities. Mr. Tsai previously served both as Corporate Secretary and as Associate General Counsel for the Reserve Bank’s Legal Division where he focused on payment systems and bank regulatory matters. Before joining the Reserve Bank, Mr. Tsai was vice president and counsel at a large financial institution in Los Angeles, and was an attorney with the Federal Reserve Board in Washington, D.C. Mr. Tsai graduated from Johns Hopkins University and Boston University School of Law; he is admitted to the bar in California and Massachusetts. Federal Reserve Bank of San Francisco:  Fintech Navigate https://www.frbsf.org/banking/fintech/navigate/ U.S. Department of the Treasury:  A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation https://home.treasury.gov/sites/default/files/2018-08/A-Financial-System-that-Creates-Economic-Opportunities---Nonbank-Financials-Fintech-and-Innovation_0.pdf
May 10, 2019
Zor Gorelov, CEO and Co-Founder of Kasisto
00:34:15
In our latest podcast, Keane Ehsani (WG ’20) is joined by Zor Gorelov, the CEO and Co-Founder of Kasisto. In this extensive interview, Zor dives into Kasisto’s sophisticated conversational AI platform that powers virtual assistants for financial institutions. Zor also discusses his fascinating background as a four-time entrepreneur and how Kasisto’s KAI is revolutionizing the way customers interact with their banks. Kasisto (https://kasisto.com) is the developer of KAI, a conversational AI platform that powers virtual assistants and bots on mobile, web, messaging platforms, and voice-enabled devices. The world’s most innovative financial institutions license KAI to create intelligent conversations that fulfill requests, solve problems, and predict needs for their customers. Zor has over 20 years of experience in the software industry. He was the CEO and co-Founder of SpeechCycle, a market leader in cloud-based contact center optimization solutions for the telco market. SpeechCycle was acquired by Synchronoss Technologies (SNCR). Prior to that, Zor founded and ran BuzzCompany.com, a provider of enterprise collaboration and messaging software, which was acquired by Multex.com (MLTX).
May 06, 2019
Karn Saroya, CEO and co-founder of Cover
00:36:09
In our latest podcast, Keane Ehsani (WG ’20) is joined by Karn Saroya, the CEO and co-founder of Cover. In this extensive interview, Karn dives into Cover’s sophisticated customer-centric and elegant apps built to better serve customers. Karn also discusses his pivot from fashion to insurance, how Cover is utilizing native mobile and its Magicam technology to disintermediate the insurance industry, and valuations and consolidation in insurtech. Cover (https://cover.com) is a technology company and nationally licensed insurance brokerage that works with more than 30 insurance companies across the United States. Their apps ensure that customers get the most out of their insurance, the best possible customer experience, and the best rates & coverage. Karn Saroya is the CEO and co-founder of Cover. He is responsible for operations, business development, growth and investor relations primarily. To date, Karn has raised $27M (USD) throughout seed, Series A and Series B rounds. Karn’s first company, Stylekick, was acqui-hired by Shopify in 2015 and, before entrepreneurship, he was a management consultant at Oliver Wyman. Karn holds a Bachelor of Commerce from Queen’s University and a Master of Finance from MIT, where he attended as a Fulbright Scholar. He is also a Y Combinator fellow and alumnus.
Apr 30, 2019
Clay Wilkes, CEO and Founder of Galileo Processing
00:43:57
In our latest podcast, Keane Ehsani (WG ’20) is joined by Clay Wilkes, the CEO and founder of Galileo Processing. In this extensive interview, Clay dives into Galileo’s sophisticated payments platform and how Galileo inspires and connects the most exciting fintechs and financial institutions via its open APIs and simulator sandbox. We also cover Galileo’s growth since its founding, emerging payment adoption trends, and valuations and consolidation in fintech. Galileo Processing (www.galileoprocessing.com) was founded in 2000 and has grown to become one of the largest payments processors and program managers in North America. Galileo applies technology and engineering capabilities to empower fintechs and financial institutions to unleash their full creativity to achieve their most innovative goals. Galileo leads the industry with superior fraud detection, security, decision-making analytics, and regulatory compliance functionality combined with customized, responsive and flexible programs to accelerate the success of all payments companies and solve tomorrow’s payments challenges today. Under Clay’s leadership, Galileo developed the technology that powers the most successful fintechs, financial institutions and investment firms in North America. His love of technology began early, while hunkered down in high school and university computer labs in his native Oregon. He launched his career developing communications and operating systems for Sperry, IBM, and Novell. In 1994 Clay founded I-Link, which developed Voice Over IP. As CEO, he took I-Link public and authored patents for VOIP. A dedicated humanitarian and environmentalist, Clay says Galileo’s Core Values are the embodiment of what he believes as a business leader.
Apr 08, 2019
Braden More, Head of Partnerships and Industry Relations at Wells Fargo
00:44:59
In our latest podcast, Keane Ehsani (WG ’20) is joined by Braden More, Executive Vice President and Head of Partnerships and Industry Relations at Wells Fargo. In this extensive interview, Braden dives into Wells Fargo’s tech enabled payment offerings and discusses Wells Fargo’s strategy for partnering with and investing in emerging fintech start-ups. We also cover U.S. payment adoption trends, how Wells Fargo is helping consumers manage their digital financial footprint, and Braden’s experience as co-founder of the Wells Fargo Startup Accelerator. Braden More leads business development, partnerships, and industry relations for Wells Fargo’s payments business. He and his team work across the consumer and commercial bank to grow Wells Fargo’s deposit and payment franchise by focusing on customers, partners, and regulators. Before assuming his current role in 2017, Braden was the head of payment strategy at Wells Fargo. He and his team worked across the enterprise to coordinate strategy, incubate new initiatives like Apple Pay, and represent Wells Fargo in the payments industry. He also cofounded the Wells Fargo Startup Accelerator, a venture capital program that mentors and invests in innovative companies. Braden graduated magna cum laude from Bowdoin College with a degree in government and legal studies. He earned his M.B.A. with distinction from NYU’s Stern School of Business and obtained a CPA license in New York. Wells Fargo Startup Accelerator (https://accelerator.wf.com/) Control Tower (https://www.wellsfargo.com/online-banking/manage-accounts/control-tower/) Greenhouse by Wells Fargo (https://www.wellsfargo.com/greenhouse/)
Mar 29, 2019
Dan Westgarth, North America General Manager for Revolut
00:25:26
In our latest podcast, Peter Jankovsky (WG'20) is joined by Dan Westgarth, head of Revolut's North America expansion. Revolut is a UK challenger bank that launched in 2015 with the mission to build the world's first truly bank. Today, it supports customers in over 30 countries and has over 4M users. Podcast overview: * How Revolut thinks of a "stack of niches" in building its customer base and creating a ripple effect to grow to 4M+ users * Revolut's planned product expansion, including its new Perks program and wealth/trading product, and how it goes about launching new products * Revolut's plans for international expansion to create the world's first truly global bank * A comparison of the regulatory environment in North America and the UK/EU, and how this affects Revolut's business model * Plans for Revolut's launch in the US, challenges it has had to work through, and how it's adapting to the US consumer * Revolut's culture and what Revolut looks for in potential hires Dan Westgarth is the General Manager for North America at Revolut, currently responsible for local operations across North America. Before taking on his current role, Dan was part of the Revolut international launcher team, which collectively set up local businesses in 8+ international markets. Prior to that, as one of Revolut's early employees, Dan established several early partnerships and business critical deals within the partnerships and business development team which was based in Canary Wharf's Level39 FinTech hub and accelerator.
Mar 26, 2019
Frank Rotman, Founding Partner of QED Investors
00:49:24
In our latest podcast, Christian Rolon (WG '19) is joined by Frank Rotman, one of the founding partners of QED Investors. QED Investors invests in early-stage Fintech companies based in the US, UK, and Latin America. Based in Virginia, QED was founded in 2008 by Rotman, Caribou Honig, and Nigel Morris (co-founder of Capital One). QED Investors has invested in Avant, AvidXchange, ClearScore, Credit Karma, Nubank, Remitly, and SoFi. Their exits include Braintree, Klarna, and Orchard. Frank Rotman is a founding partner of QED Investors. Frank's portfolio companies include Avant, Credit Karma, GreenSky, LendUp, Prosper and SoFi. Frank publishes his thoughts on Fintech on his personal blog Confessions of a Fintech Junkie. Frank began his career at Capital One as one of its earliest analysts. At Capital One, Frank spanned a number of roles across subprime and upmarket cards, focusing on managing Capital One's credit exposure and expanding new business lines. After leaving Capital One, Frank created a Student Lending company. Frank received his BS in Applied Mathematics and his MS in Systems Engineering, both from the University of Virginia.
Feb 26, 2019
Blockchain Applications in Capital Markets with Michael Tae, Head of Strategy and M&A at Broadridge
00:41:50
In our latest podcast, Vivek Chauhan (Wharton MBA '19) chats with Michael Tae, Head of Strategy and M&A at Broadridge. Broadridge Financial Solutions, a $4 billion global fintech leader, provides investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90 percent of public companies and mutual funds in North America and processes more than $5 trillion in fixed income and equity trades per day. Broadridge is part of hyperledger project, a minority investor in the blockchain startup Digital Asset Holding, and has received an award for its blockchain initiatives. Michael is the head of strategy and M&A at Broadridge and leads strategy, acquisitions, partnerships, and other growth-related activities. He began his career at McKinsey where he provided consulting services to the financial services industry before moving to Merrill Lynch where he was the Vice President of their Financial Institutions Group. In 2009, at the height of the financial crisis, he moved to Washington, D.C., where he worked in the U.S. Department of Treasury's Office of Financial Stability as Director of Investments and Senior Policy Advisor. Most recently, he was the Senior Executive Vice President of Worldwide Services for Microstrategy. In this engaging podcast, Michael shares more about Broadridge's industry-leading initiatives using the blockchain technology for proxy voting and talks about opportunities and challenges in the adoption of blockchain technology in capital markets.
Feb 22, 2019
Brandon Krieg, CEO and Co-Founder of StashInvest
00:37:23
In our latest podcast, Keane Ehsani (WG ’20) and Peter Jankovsky (WG ’20) are joined by Brandon Krieg, the CEO and Co-Founder of StashInvest. In this extensive interview, Brandon dives into StashInvest’s offering as an enabler for consumer investing. We also cover Brandon’s experience at EdgeTrade, Knight Capital, and Macquarie, the process of founding Stash, and how Brandon sees disruptive innovation affecting financial services. StashInvest (https://www.stashinvest.com), one of the fastest growing consumer investing apps in the U.S., simplifies the financial services experience, offering education and opportunities that help improve the financial well-being of millions of people across the U.S. By breaking down barriers and building transparent, technology-driven products, Stash helps the 99% build smarter financial habits so they can confidently save more, grow savings, and enjoy life. Stash currently has over 3 million customers.  As Co-founder and CEO, Brandon’s core focus is finding new ways to harness technology to simplify the financial services industry and create opportunities for people of all demographics and financial backgrounds. He has over 20 years of experience in the FinTech industry, most notably as Co-founder of EdgeTrade, one of the first and largest electronic trade execution and software firms (later acquired by Knight Capital Group), and as Head of Electronic Execution at Macquarie Securities Group.
Feb 19, 2019
Mary-Catherine Lader, COO of Digital Wealth at BlackRock
00:30:06
In our latest podcast, Christian Rolon (WG ’19) is joined by Mary-Catherine Lader, the Chief Operating Officer of Digital Wealth at BlackRock. In this expansive interview, Mary-Catherine dives into BlackRock’s digital strategy, technology as an enabler for asset management businesses, and how FinTech startups are partnering with incumbents and expanding their product lines to become the center of consumers’ financial lives. The BlackRock Digital Wealth Group provides software solutions to help retail advisors and institutional investors build better investment portfolios by leveraging the Aladdin operating system. BlackRock has made a number of investments in WealthTech startups and incumbents, including Acorns, Personal Capital, Scalable Capital, Envestnet, and iCapital Network. BlackRock also acquired the robo-advisor FutureAdvisor in 2015. BlackRock has nearly $6 trillion in assets under management, serving retail and institutional investors across the world. Mary-Catherine Lader is the Chief Operating Officer of Digital Wealth at BlackRock where she focuses on improving BlackRock’s product offerings for retail advisors and investors through partnerships, acquisitions, and internal projects. Prior to BlackRock, Mary-Catherine was the co-founder of hiWatson, a Fintech startup managing online benefits for independent contractors. Mary-Catherine also worked in Goldman Sachs’s Special Situations Group as an investment analyst focusing on clean energy. She was also on the Media team for the World Economic Forum. During business school, Mary-Catherine interned at Comcast Ventures. Mary-Catherine Lader received her JD/MBA from Harvard University, and her A.B. from Brown University.
Feb 14, 2019
Tom Fortin, COO and Managing Partner of iCapital Network
00:26:13
Caroline Kremer (WG '19) speaks with Tom Fortin, the Chief Operating Officer and Managing Partner of iCapital Network. iCapital is an alternative investments technology platform that serves investors, fund managers, and financial advisors. iCapital's platform digitizes the subscription, reporting, and administrative aspects of alternative investments. Additionally, iCapital's platform provides private investment fund due diligence for high-net worth investors and financial advisors. iCapital was named to the 2019 Forbes Fintech 50 list. iCapital recently raised a round of funding from strategic investors including BlackRock, Blackstone, Carlyle Group, BNY Mellon, Credit Suisse, Morgan Stanley, and UBS. Tom Fortin is the Chief Operating Officer at iCapital, responsible for the Administration, Investor Services and Technology departments. Prior to joining iCapital, Tom was a Managing Director at BlackRock from 2001–2017. He was most recently the Global Head of Retail Technology where he was responsible for the strategy, design, and development of BlackRock's retail sales enablement and digital distribution solutions. In addition he was a member of BlackRock's Global Operating Committee, Human Capital Committee and Enterprise Risk Management Committee. Prior to joining BlackRock in 2001, Tom spent ten years with Wall Street Systems in the design, development and implementation of a front-to-back integrated fixed income and FX trading system for global financial institutions. From 1988 to 1991, he traded FX and interest rate derivatives at Chemical Bank (now JP Morgan Chase) in New York. Through a joint engineering program, Tom earned a BS degree in Electrical Engineering from Columbia University and a BS degree in engineering from Providence College, and an MBA degree in Finance from New York University.
Feb 12, 2019
Lowell Putnam, CEO and Co-Founder of Quovo
00:36:13
Jeff Leathers (WG ’19) interviews Lowell Putnam, the co-founder and CEO of Quovo, a financial data platform that provides companies with connectivity and insights for millions of consumer financial accounts across more than 14,000 different institutions. In January 2019, Quovo was acquired by Plaid. In this podcast, Lowell covers the recent acquisition, the current and future use cases for account connectivity, the regulatory environment, and his takeaways from his journey as a technology entrepreneur. Prior to founding Quovo, Lowell worked in the Investment Banking Division of Lehman Brothers/Barclays. At Lehman Brothers, Lowell worked in the Financial Institutions Group, specializing in consumer credit companies and structured finance transactions. Lowell has been named to the InvestmentNews 40 under 40 and WealthManagement.com Top Ten to Watch in 2016 lists. He serves on several advisory boards for technology companies and non-profits. Lowell attended Harvard College and lives in New York City with his wife, Brynn, and son, George.
Feb 06, 2019
Jamie Finn, President and Co-Founder of Securitize
00:28:24
Christian Rolon (WG '19) is joined by Jamie Finn, the co-founder and President of Securitize. Securitize is a platform for digitizing securities, facilitating the issuance of securities for assets including companies, funds, and other equity holdings. Founded in January 2018, Securitize has already helped a number of customers digitize their portfolios and assets on their platform. Securitize raised a Series A from investors including Coinbase Ventures, Ripple, and Blockchain Capital in November 2018. Jamie Finn is the co-founder and President of Securitize. Prior to Securitize, Jamie held leadership roles at helloNetwork, Zingy, Ericsson, Thumbplay, RingRing Media, Telefonica, Kontera, Sansa Security, AT&T, and Aki Technologies. Jamie has his Bachelor's degree from Babson College.
Jan 28, 2019
Rex Salisbury, Founder of Fintech Dev and PMs
00:34:36
Christian Rolon (WG '19) is joined by Rex Salisbury, the founder of the Fintech Devs and PMs Meetup based in San Francisco. The Fintech Devs and PMs community has roughly 2,000 members, hosting monthly events highlighting many exciting Fintech firms in the Bay Area. Past Meetups have featured speakers from: a16z, Affirm, Branch, EarnIn, Plaid, SoFi, Wealthfront, and many others. Learn more at: https://www.fintechdevsandpms.com/. Rex Salisbury is the founder of the Fintech Devs and PMs Meetup in San Francisco. Rex is a product engineer at Checkr. Prior to Checkr, Rex worked at Sindeo as an engineer, and Merrill Lynch in investment banking on the real estate team. Rex has his BA in Economics and History from Davidson College.
Dec 11, 2018
Jason Brown, CEO and Co-Founder of Tally Technologies
00:31:21
Christian Rolon (WG '19) is joined by Jason Brown, the co-founder and CEO of Tally Technologies. Tally is the first automated debt manager, helping consumers pay down high interest rate credit card debt. Tally was founded in 2015, and was launched on iOS in October 2017. Tally now manages hundreds of millions of dollars in credit card debt and has saved people millions of dollars in interest and late fees since its launch. Tally has raised $42m in total from investors including Kleiner Perkins, Shasta Ventures, and Cowboy Ventures. Jason is the co-founder and CEO of Tally Technologies. Tally is Jason's third startup. His second startup Gen110 was also co-founded with his Tally co-founder Jasper Platz and was invested in by Kleiner Perkins. Gen110 was acquired by Solar Universe in 2013. Jason also worked at Voyager Capital, a VC firm focusing on early-stage software firms. Jason has his MBA from Chicago Booth, where he ran the Venture Capital and Private Equity Club and concentrated in Finance and Entrepreneurship. Jason received his BA from Boston University, graduating summa cum laude.
Dec 03, 2018
Nick Shalek, General Partner at Ribbit Capital
00:23:46
In our latest podcast, Christian Rolon (WG ‘19) is joined by Nick Shalek, a general partner at Ribbit Capital. Ribbit Capital is a leading venture capital firm focused on early stage firms across fintech verticals such as lending, insurance, wealth management, and blockchain. Ribbit Capital has made a number of investments across the fintech space, including: Affirm, Brex, Coalition, Coinbase, Credit Karma, Funding Circle, Gusto, Nubank, Revolut, Robinhood, Upgrade, and Wealthfront. In this podcast, Nick speaks about his path to venture capital, Ribbit's investment approach, regulation affecting fintech, and his view on the current investing and valuation landscape. Nick is a General Partner at Ribbit Capital, investing and serving on the board of a number of Fintech firms. As a firm, Ribbit Capital has made investments in many of the Fintech space’s leading startups - such as Coinbase, Revolut, and Robinhood. Nick has been at Ribbit Capital since 2012. Prior to Ribbit, Nick worked in Yale’s Investments Office, which manages the Yale University endowment. Nick also has experience as an operator, across Verne Global, Facebook, and Aspire Public Schools. Nick has a BA from Yale University, as well as an MBA and an MA in Education from Stanford University.
Nov 12, 2018
Garry Reeder, Vice President of Innovation and Policy at Center for Financial Services Innovation
00:42:04
In this podcast, Christian Rolon (MBA '19) interviews Garry Reeder, Vice President at the Center for Financial Services Innovation. This episode was recorded live at the Financial Inclusion Summit. Garry leads the Financial Solutions Lab at CFSI. In this podcast, Garry discusses CFSI's mission and investing activities, regulatory developments in fintech, and fintech and blockchain applications for the underbanked. Garry Reeder is the Vice President of Innovation and Policy at the Center for Financial Services Innovation. Garry also leads the Financial Solutions Lab at CFSI. The Financial Solutions Lab is a partnership between CFSI and J.P. Morgan Chase. The Financial Solutions Lab invests in entrepreneurs and startups that are working on improving the financial health of consumers around the world. Past startups that have gone through the program include: Dave, Digit, EarnUp, LendStreet, Nova, Scratch, and WiseBanyan. Prior to his current role at CFSI, Garry had an extensive background in the public and private sector. Within the private sector, Garry has a decade of asset management experience, spanning across Ziff Brothers Investments and Sanford C. Bernstein & Co. Garry later went on to co-found Fenway Summer Ventures, an early-stage venture capital firm investing in Fintech firms. Garry has also advised a number of financial service institutions around the regulatory landscape, first at BlackRock, where Garry led the Consumer Financial Services Advisory Practice, and then at Chain Bridge Partners, where Garry was a Managing Director. Garry also spent time in the public sector, specifically at the U.S. Treasury. At Treasury, Garry worked on the Auto Team, overseeing TARP's investments in the auto sector, and the General Motors IPO. Garry went on to serve as the Chief of Staff for the Consumer Financial Protection Bureau, helping to develop Project Catalyst. Garry has his BA from Yale, and his MBA from Columbia Business School. The Financial Inclusion Summit was organized by Rex Salisbury, the founder of Fintech Devs and PMs Meetup. The community has roughly 2,000 members, hosting monthly events highlighting many exciting Fintech firms in the Bay Area. Past Meetups have featured speakers from: a16z, Affirm, Branch, EarnIn, Plaid, SoFi, Wealthfront, and many others. Learn more at: https://www.fintechdevsandpms.com/.
Nov 11, 2018
Jennifer Fitzgerald, CEO and Co-Founder of Policygenius
00:29:51
In this podcast, Jacob Decter (Wharton MBA ’19) speaks with Jennifer Fitzgerald, CEO and Co-founder of Policygenius. Policygenius is an online insurance marketplace that aims to streamline and simplify insurance buying for consumers, offering a wide array of insurance products including life insurance, disability insurance, renters insurance, and pet insurance. Beyond its product offering, Policygenius also offers practical financial and insurance advice and information in a digestible way for the average consumer. Policygenius is backed by investors including Norwest Venture Partners, Revolution Ventures, Susa Ventures, and AXA Venture Partners. In this podcast, Jacob and Jennifer explore the founding of Policygenius, the evolving insurance customer, some of the operations and operational challenges of running a start up in the insurance industry and the future of Policygenius and insurance distribution. Jennifer was named one of Fast Company’s 100 Most Creative People in Business for 2018 and is one of only four women founders in Fintech to raise over $50 million in funding. Before starting Policygenius in 2014, she and her co-founder, Francois de Lame, were management consultants at McKinsey & Company. Jennifer has shared insights in major publications including The New York Times, The Wall Street Journal, Bloomberg and more. Early in her career, she was a Peace Corps volunteer and used to do standup comedy. Jennifer is a graduate of Columbia Law School and Florida State University.
Jun 12, 2018
Tayo Oviosu, Founder and CEO of Paga
00:36:58
In this podcast, Justin Karfo (WG ’19) chats with Tayo Oviosu, Founder and CEO of Paga. Founded in 2009, Paga is a Nigerian mobile payments company that allows users to send money, pay bills and receive payments easily from any mobile phone. Today Paga is the largest fintech company in Nigeria, with over 8.5 million users, 15,000 agents across Nigeria and 200+ employees. During this podcast, Justin and Tayo discuss the African and Nigerian fintech ecosystems and highlight the challenges associated with building an organization such as Paga. Tayo also shares his entrepreneurial wisdom and journey so far. This podcast was recorded at the Africa Fintech Summit in Washington DC. Tayo has over sixteen years of experience in a variety of technical and business roles in high−tech and Private Equity. Most recently, he was Vice President at Travant Capital Partners where he was responsible for executing the firm's investment strategy in West Africa. Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California. In that role, he was responsible for strategy, acquisitions, and private equity investments in four technology sectors − Virtual Computing, Application Networking, Security, and Network Management. Tayo also helped lead Cisco's investment expansion in Africa. At Cisco, Tayo led numerous acquisition and private equity investment opportunities, including the $130m acquisition of Reactivity, and investments in Aquantia (10G Base−T, Series A), and Guardium (Database Security, recently sold to IBM). Tayo was also responsible for the private sale of 22% of Cisco's South African operations to a consortium of investors in 2007. Prior to Cisco, Tayo was a Senior Consultant at Deloitte Consulting in the CRM and Technology practice. At Deloitte he worked on cases in five industries − high tech, telecom, pharmacy retail, government, and healthcare. He was primarily responsible for leading technical implementation teams. Tayo also had stints at start-ups Biomorphic VLSI as a Semiconductor Chip Design Engineer, and Event411 as a Software Engineer. Outside of work, Tayo is passionate about encouraging entrepreneurship across various sectors. He believes entrepreneurship is a major driver of sustainable change and growth across the continent. This passion has led Tayo to work with entrepreneurs to develop their ideas as an Angel investor and adviser. He is currently an investor and adviser in Yswara, Africa's home-grown luxury brand; ReelFruit, a Nigerian fruit processing agribusiness; and ChopUp, a mobile gaming start−up. Tayo also takes time to volunteer at the Bake for Change charity organization, working with young kids who have been displaced from their homes. Alongside Paga's numerous achievements, Tayo has been nominated for the West African Entrepreneur of the Year at the 2013 All African Business Leaders Awards. He is also an Ambassador for Junior Achievement − working with one of the largest non-profit youth groups, to inspire and prepare young people to succeed in a global economy. Tayo earned his Bachelors of Science degree in Electrical Engineering, cum laude, from the University of Southern California. He also has a Masters in Business Administration from the Graduate School of Business, Stanford University.
May 07, 2018
Eghosa Omoigui, Founder and Managing General Partner of EchoVC
00:14:45
Justin Karfo (WG ’19) chats with Eghosa Omoigui, the founder and Managing General Partner of EchoVC Partners, a seed and early-stage venture capital firm. Based in Silicon Valley, EchoVC has invested millions of dollars in promising innovative African ventures. In this podcast, Eghosa discusses his firm's investment philosophy, the key themes in the African startup ecosystem and his firm’s key strategic partnership with TPG Growth. This podcast was recorded at the Africa Fintech Summit in Washington D.C. Eghosa Omoigui is the founder and Managing General Partner of EchoVC Partners. Before this, Eghosa was with Intel for nearly 10 years and his last role was as Intel Capital Director, Strategic Investments, Consumer Internet & Semantic Technologies, where he acted as a senior investment professional focused on platform-agnostic consumer web services and digital media-based investment opportunities. Omoigui also drove ICap's investment focus on next generation semantic technologies, smart data and the realtime web. Eghosa was personally responsible for (developing supporting theses for and) sourcing investment opportunities in various companies including AdMob, Jaiku, Powerset, Facebook, LinkedIn, Teracent and Pandora. Prior to this role, Omoigui was Chief of Staff to the President of Intel Capital (the largest global tech corporate VC), and, before that, Chief of Staff for Intel’s Treasury organization, helping oversee an $18B cash platform. Omoigui attended UPenn Law School and Olin Graduate School of Business at Babson College.
May 07, 2018
Abby Chao, Co-Founder and COO of CollegeBacker
00:28:31
Fei Ye (WG ’19) chats with Abby Chao, Co-Founder and COO of CollegeBacker. CollegeBacker helps parents open a tax-advantaged 529 College Savings Plan in minutes, and then invite family and friends to contribute. With CollegeBacker Gifts, anyone can kickstart a child’s college fund. During this podcast, Fei and Abby deep dive into the college savings sector and highlight the current challenges associated with saving for college. They also discuss the transition to entrepreneurship from professional services.
Apr 22, 2018
Michael Sonnenshein, Managing Director at Grayscale Investments
01:18:32
Wharton Alternative Investments Initiative and the Penn Blockchain Club hosted a fireside chat with Michael Sonnenshein, Managing Director at Grayscale Investments. With $3bn AUM, Grayscale Investments is the sponsor of the Bitcoin Investment Trust, the Ethereum Classic Investment Trust, and the Zcash Investment Trust. Sarah Hammer, Senior Director of the Wharton Alternative Investments Initiative, speaks with Michael about the basics of blockchain, the growth of cryptocurrencies, and the dynamics of and changing regulatory environment for digital investing. Michael Sonnenshein joined Grayscale Investments in January 2014. As Managing Director, he is responsible for overseeing the daily operations and growth of the Grayscale business, spanning sales, operations, product development, and investor relations. With $2+ Billion in assets under management, Michael is responsible for maintaining many of the firms’ key client relationships including family offices, hedge funds, and other institutions as well as forming strategic partnerships and evaluating service providers. Prior to joining Grayscale, Michael was a financial advisor at JP Morgan Securities, covering HNW individuals and institutions. He also worked in a similar capacity at Barclays Wealth, providing coverage to middle‐market hedge funds and institutions. Mr. Sonnenshein earned his Bachelors of Business Administration from the Goizueta Business School at Emory University and an MBA from the Leonard N. Stern School of Business at New York University. He holds his Series 7 and 66 licenses.
Apr 14, 2018
Joel Frisch, Head of Americas at Prodigy Finance
00:47:27
Vivek Chauhan (Wharton MBA ’19) chats with Joel Frisch, Head of Americas at Prodigy Finance. Prodigy Finance is a peer-to-peer platform offering loans to international post graduate students using an innovative credit model. In this engaging podcast, Joel talks about his own trajectory from banking into fintech, Prodigy’s unique approach to credit modeling, impact investing, and opportunities and challenges in the P2P space. Educated in Philadelphia and London, Joel had a successful career on Wall Street and co-founded a software startup in the employee management industry prior to joining Prodigy Finance. As the first US-based employee at Prodigy Finance, Joel has helped build both the team and the market while balancing the complexities of a fast scaling company in a highly regulated space across the UK & US.
Apr 09, 2018
Colleen Briggs, Executive Director of Community Innovation at JP Morgan Chase & Co
00:33:55
Caroline Kremer (WG '19) speaks with Colleen Briggs, Executive Director of Community Innovation at JP Morgan Chase & Co, about JP Morgan's approach to incubating and growing new financial technology companies. In this podcast, Colleen discusses the business opportunities for fintech companies focused on serving the underbanked, as well as her work with the Financial Solutions Lab and the Catalyst Fund. Colleen is responsible for helping establish and execute JP Morgan Chase & Co's global philanthropic strategies on financial health and community development, including two signature initiatives – the Financial Solutions Lab and PRO Neighborhoods competition. The Lab is a $30 million, five-year initiative that convenes leading experts in technology and design to improve consumer financial health for underserved populations. PRO Neighborhoods is a five-year, $125 million program that works to increase the availability and accessibility of vital economic opportunities in distressed neighborhoods. Colleen also manages numerous programs across both topics designed to surface new approaches to community challenges, as well as explore global cross-cutting themes across the Foundation’s work, such as women’s empowerment, peer learning, evaluation, and attracting additional investment in JP Morgan's projects. Colleen is a member of the Asset Funders Network Steering Committee and the Innovations for Poverty Action Policy Advisory Group. She earned an MBA from the Yale School of Management and a B.A. from the University of North Carolina at Chapel Hill.
Apr 02, 2018
Jungwon Byun, Head of Growth at Upstart
00:28:46
Dipika Sen (Wharton MBA '19) chats with Jungwon Byun, Head of the Growth Team at Upstart, the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. In this engaging podcast, Jungwon talks about her own trajectory from consulting into FinTech, discusses her initiative to foster the professional development of women at Upstart, and shares her insights on the importance of diversity in the industry. Jungwon oversees all of Upstart’s user acquisition strategies across digital, offline, and lifecycle channels. She was previously a management consultant at Oliver Wyman, where she assessed the risk exposure of international banks’ capital markets businesses for regulatory stress testing. She brings experience from her time as the CEO and co-Executive Director of a domestic microfinance non-profit. Jungwon graduated cum laude from Yale University, with a B.A. in Economics.
Mar 21, 2018
Marc Andrews, Vice President of IBM Watson Financial Services Solutions
00:22:45
Justina Gallegos (WG '19) speaks with Marc Andrews, Vice President of IBM Watson Financial Services Solutions. Marc has led the creation of a new organization within IBM to build industry specific solutions for the financial services industry. He is driving the design, development and delivery of offerings that apply analytic and cognitive technologies to streamline regulatory compliance, combat fraud and financial crime, and generate increased customer insights. Marc meets with business and technology leaders from financial services organizations across the globe to share best practices and help them identify how they can apply cognitive capabilities to drive new business value. Marc is a fellow Wharton alum - we are always happy to host Wharton alums in fintech on our podcast.
Mar 15, 2018
Andrew Robinson, Senior Executive Insurance, Oak HC/FT
00:21:27
Kylie Francis(Wharton MBA'18) chats with Andrew Robinson, Executive in Residence at Oak HC/FT, a premier venture growth equity firm investing in healthcare and financial service technology, where his focus is on Insurtech. In this insightful podcast, Andrew talks about his foray into the insurance industry and shares his perspectives on the most interesting activity in the insurance space today, and where this is scope for further disruption.
Feb 12, 2018
Julien Courbe, PwC U.S. Financial Services Advisory Leader
00:34:21
Fei Ye (WG '19) speaks with Julien Courbe, Partner and Head of PwC's U.S. Financial Services Advisory practice. Fei and Julien discuss PwC's top 8 digital predictions in financial services for 2018. PwC's trends cover a range of topics including digital banking, insurtech and blockchain. Check out the Wharton FinTech Medium for more details on PwC's report. Julien leads PwC’s US Financial Services Advisory practice, covering banking, capital markets, insurance and asset & wealth management companies. He advises C-suite executives at major financial services institutions on how to address issues related to growth and performance improvement, digital transformation, FinTech, financial crime and regulatory compliance, as well as technology and operations effectiveness.
Feb 06, 2018
Dan Aisen, Co-Founder and Head of Quantitative Strategy at IEX
00:13:18
Brian Shah (WG '18) speaks with Dan Aisen, Co-Founder and Head of Quantitative Strategy at IEX. Dan discusses the founding of IEX and the future of high frequency trading. IEX is the subject of Michael Lewis' bestselling book Flash Boys. As part of the founding team, Dan was responsible for building out the core functionality of IEX as a trading venue. As the company grows and evolves, he continues to develop new products and tactics that IEX can use to protect investors from predatory strategies and build a more sustainable and equitable market. Prior to IEX, Dan worked at RBC Capital Markets.
Jan 30, 2018
Jani Valjavec, Co-founder of ICONOMI and Chairman of Columbus Capital
00:40:09
John Pennington (WG '19) speaks with Jani Valjavec, co-founder and CTO (Trading) of ICONOMI, the world’s first blockchain-based digital asset management platform for the decentralized economy. A well-known member of the blockchain community, Jani is a crypto and app token expert and was an early blockchain enthusiast. In 2013, he co-founded Cashila, the first registered Bitcoin company in Europe to acquire a license for the execution of banking transactions via bitcoin. In 2016 Jani co-founded ICONOMI, the world’s first digital assets management platform, in order to provide access to a variety of digital assets and the ability to combine and trade them. Jani also serves as Chairman of Columbus Capital, ICONOMI’s first partner to serve as a dedicated Digital Asset Array manager.
Jan 28, 2018
Catherine Flax, CEO of Pefin
00:33:12
Elena Gerasimova (Wharton 2018) and Nipun Jasuja (Wharton 2018) chat with Catherine Flax, CEO of Pefin, the world’s AI financial advisor. Established in 2011, Pefin is a fintech company based in New York City. Pefin, which stands for PErsonal Financial INtelligence, uses Artificial Intelligence (AI) to provide fiduciary financial advice at the fraction of a cost of a traditional financial advisor. On the day this podcast was recorded (November 30, 2011), Pefin went live to end consumers! And we couldn’t be more thrilled about that. Tune in to learn how Pefin is different from traditional roboadvisors that we’ve come to know, what really is the “AI” behind Pefin and why it took six years until product launch, and some invaluable nuggets of professional wisdom from Catherine.
Dec 16, 2017
Charles Birnbaum, Partner at Bessemer Venture Partners
00:35:20
David Gogel (WG'18) speaks with Charles Birnbaum (WG'11), Partner at Bessemer Venture Partners. BVP is a multi-stage venture capital firm that invests across enterprise, consumer and healthcare. Charles focuses on financial services, consumer and education investments. David and Charles speak about building investment and industry theses, opportunities in the cryptocurrency market, trends in insurtech, and the evolution of the tech-enabled specialty industry. Charles is a partner in Bessemer's New York office. He focuses on financial services, consumer and education investments. Charles is actively involved with many BVP portfolio companies, including Main Street Hub, BrightBytes, Bread Finance, and August Home. He currently serves on the board of Zopa, United Capital, Fabric, Spruce and Eave and was involved in the exits of Yodle, 2U, and Kroll Bond Ratings. Charles’ startup experience has been important to BVP’s early stage financial services portfolio, which includes high-potential companies such as Betterment and Quantopian. Prior to joining BVP in 2013, Charles spent more than three years at Foursquare, the location-based mobile application company based in New York, helping create and bring to market some of Foursquare’s first merchant-facing tools. As the company grew, Charles became the director of mobile and international business development, where he focused on building strategic partnerships with carriers and OEMs while leading the company’s business development efforts in key growth markets such as Brazil, Russia and Turkey. Prior to Foursquare, Charles spent six years in investment banking and equity capital markets focusing on the technology, media and telecom sectors, and executed more than 50 equity and equity-linked public offerings. Charles holds a Master of Business Administration from the Wharton School, a Master of Arts in international studies from the Lauder Institute at the University of Pennsylvania, and a Bachelor of Arts in history from Northwestern University.
Dec 08, 2017
Amy Nauiokas, Founder and President of Anthemis Group
00:27:13
Brian Shah (WG '18) chats with Amy Nauiokas, Founder and President of Anthemis Group, a leading financial technology investment and advisory firm. In this podcast, Amy discusses why she started Anthemis and the rationale behind providing both investment and strategy capabilities under one roof. She explains her guiding investing philosophy and how the team sources and evaluates new opportunities. At the end, Amy shares her perspective on U.S. vs. European startups and key trends in the financial technology space.
Nov 28, 2017
Sarina Siddhanti, Head of Direct Business, Funding Circle (US)
00:27:26
Jess Douglass, Wharton MBA 2018, chats with Sarina Siddhanti, Head of Direct Business, Funding Circle US. Funding Circle is a peer-to-peer lending marketplace that allows investors to lend money directly to small and medium-sized businesses. Funding Circle was the first website to use the process of peer-to-peer lending for business funding in the UK, and now operates in the UK, US, Germany, Spain, and the Netherlands. In this exciting podcast, Sarina shares her thoughts on how financial services can be used as a catalyst for small business growth, explains Funding Circle's business models and her journey at this exciting company, and shares some valuable insights on how to think about working in the Fintech space and finding companies whose "heart is in the right place".
Oct 26, 2017
Bastiaan de Goei, Director New Ventures at AXA Next
00:42:23
Antonio Munoz chats with Bastiaan de Goei, Director of New Ventures at AXA Next. In this informative podcast, Bastiaan demystifies the insurance industry, talking about emerging trends, and the need for using data better and creating simpler risk products. He also discusses strategies for disrupting insurance based on the level of control a firm wishes to have across the value chain. Bastiaan started his career working in strategy consulting and private equity. He then moved to AXA where he has been for the last 6 years. At AXA, Bastiaan has transitioned from a strategy and M&A role into his current position as director new ventures for AXA in San Francisco. Bastiaan received his Masters in Management from the London School of Economics and PhD in Business Economics from the University of Cambridge. He contributes to AXA’s endeavors in developing new business models that provide unique customer experiences that give AXA sustainable competitive advantage. These new business models can leverage new partnerships, strategic acquisitions & investments, and AXA's own IP.
Oct 16, 2017
Tobin McDaniel, President of Schwab Wealth Investment Advisory
00:34:20
Nipun Jasuja (Wharton 2018) chats with Tobin McDaniel, president of Schwab Wealth Investment Advisory, a registered investment advisor and the sponsor of Schwab Intelligent Portfolios, Charles Schwab’s new automated investment advisory service. In this insightful podcast, Tobin shares his views on the evolution of the wealth management landscape in the US, the importance of incorporating the human element when you are responsible for the hard-earned money of your customers, and the thrills of running a venture within one of the most trusted brands in financial services. To top it all, Tobin also gives tangible advice for budding entrepreneurs and MBA students, reflecting on his own experiences and career trajectory.
Sep 19, 2017
Matt Miller, Founder and CEO of Embroker
00:35:53
Antonio Munoz (Wharton MBA’17) chats with Matt Miller, founder and CEO of Embroker, which is a leading tech-enabled commercial insurance broker. Embroker’s new, all-digital approach to business insurance combines the ease of technology with expert advisors to take the pain out of getting the right coverage for your business. In this engaging podcast, Matt talks about what made him change career trajectories and start Embroker, about challenges in insurance and disrupting the insurance industry, how Embroker is creating a new way of buying business insurance, and more broadly about why and how to go behind solving hard problems.
Jul 23, 2017
Arthur Hayes, CEO and Co-Founder of BitMEX
00:39:11
David Gogel chats with Arthur Hayes, CEO and Co-Founder of BitMEX, aka the Bitcoin Mercantile Exchange, a cryptocurrency-based derivatives exchange based in Hong Kong. They discuss Arthur’s background, the launch of BitMEX, Bitcoin, Ethereum, derivatives trading, exchange business models, regulation, security, initial coin offerings, and the future state of cryptocurrencies. BitMEX handles on average $100 million dollars per day in the total value of products traded.
Jul 10, 2017
William Hockey, Co-founder and CTO of Plaid
00:24:59
Ruhi Dang (Wharton MBA '18) chats with William Hockey, co-founder and CTO of Plaid. Plaid is the tool that empowers a large number of applications you use today. In very simple terms, Plaid allows a variety of financial-technology startups to access their customers’ bank account information. Tune into this podcast to hear William discuss the story of Plaid, the emerging industry trends and talk about how some out-of-the-box startups are using Plaid today. What’s more you ask? Some xkcd humor and a dive into Plaid’s APIs for the tech geek in you! William hopes to see some of you use Plaid to build groundbreaking applications and transform the industry in the coming years. Check out https://plaid.com today!
Jul 02, 2017
Iwan Kurniawan, Co-founder and COO of Modalku
00:24:52
Happy Summer! Volunteering, internships, and general travel has taken Wharton students to all corners of the world this summer. Wharton FinTech has also made its first foray into Southeast Asia. Check out this latest podcast, where Kevin Vichyastit (Wharton MBA 2018) chats with Iwan Kurniawan, Co-Founder and Chief Operating Officer of Modalku, a P2P lending platform in Indonesia for micro, small and medium enterprises (MSMEs). Modalku is funded by Sequoia Capital, and founded by locals, hoping to make an impact in Indonesia. In this informative and heartwarming podcast, Iwan talks about the exciting MSME market in Indonesia, describes his startup journey, gives some candid advice on coming down from our ivory towers and watching our blind spots, and makes a passionate plea for MBA students and budding entrepreneurs to look South East! Iwan has been featured in CNN, Jakarta Post, Bisnis Indonesia, Tech in Asia, Metro TV and other major media for the platform’s early successes. Prior to Modalku, Iwan was a management consultant with global consulting firm Oliver Wyman, specializing in strategy development and risk management within the Financial Services industry, with experience across Southeast Asia and China. Iwan is a proud graduate of Cornell University. He has lived and worked in 5 countries (Indonesia, Singapore, Thailand, China, United States), and is conversant in 5 languages (English, Bahasa Indonesia, Mandarin Chinese, Cantonese, Thai).
Jun 13, 2017
David Klein - Co-founder and CEO, Common Bond
00:37:43
David Gogel (MBA '18) chats with David Klein, co-founder and CEO of CommonBond. David discusses a wide range of topics in FinTech, student lending, and entrepreneurship. He goes deep on CommonBond’s student loans products, business model, and future prospects. He discusses how the Wharton MBA experience helped him launch CommonBond. We also cover David’s views on the FinTech industry more broadly, blockchain, and advice for student entrepreneurs. David Klein is CommonBond’s co-founder and Chief Executive Officer. Prior to pursuing his Wharton MBA, David worked in consumer finance at American Express, as Director of Strategic Planning and Business Development, where he led a team that managed a $250M annual portfolio. Prior to American Express, he worked at McKinsey & Company, where he advised clients in the financial services industry. David graduated from Brandeis University with a BA in Politics, Economics, and International Business. He is an alumnus of Wharton Business School and served on the Board of the Bronx Charter School for the Arts in New York. Get a free MBA student loan rate quote in minutes at www.commonbond.co, and see how YOU can save an average of EIGHTEEN THOUSAND DOLLARS. Check out a smarter MBA student loan today at www.commonbond.co. Savings calculation is based on the difference in the CommonBond and Federal Grad PLUS interest rate. NMLS Number: 1175900.
May 12, 2017
Kaz Nejatian - Co-founder and CEO, Kash
00:31:20
Nipun Jasuja (Wharton MBA 2018) chats with Kaz Nejatian, Co-founder and CEO of Kash, a Y Combinator Summer 2014 payments startup. Kash's mission is to make payments simple by getting rid of interchange, chargebacks, and everything merchants hate. In this fun podcast, Kaz fondly speaks about his memories as an immigrant kid that incepted the seeds of entrepreneurship, his obsession with consumer behavior, the story of Kash, and his insightful perspectives on digital payments, both in the US and internationally. Do not miss this one! #wharton #fintech #kash #payments
May 03, 2017
Will Janensch, Co-Founder of Concur Reference Data, on Blockchain and Capital Markets
00:44:33
Matt Applegate chats with Will Janensch, Co-Founder and COO of Concur Reference Data, about blockchain solutions for capital markets. Will has over 15 years of experience in market and reference data at Thomson Reuters as VP of Strategy and senior roles in Marketing and Operations at Thomson Reuters and First Data. Will led the strategy on multiple $100M+ M&A transactions, including the $625M acquisition of FXAll. He holds a BA from Yale University and an MBA from the Stanford Graduate School of Business. http://concurreferencedata.com http://twitter.com/WJanensch
Apr 24, 2017
Andy Rachleff, Co-founder and CEO, Wealthfront
00:35:02
Christophe Williams (MBA '18) chats with Andy Rachleff, co-founder and CEO of Wealthfront. Andy discusses a wide range of topics in FinTech, investing, and how to grow tech companies. He goes in-depth on Wealthfront's competitive advantages in automated investing and how he approaches product/marketing strategy to grow sustainably. Also covered are Andy's background in venture capital, the process of founding Wealthfront, and how he sees disruptive innovation affecting financial service incumbents. As a bonus, we have a special Wealthfront sign-up link for our listeners. To get your first 15,000 dollars managed for free, sign up using: http://www.wealthfront.com/whartonfintech Andy Rachleff is Wealthfront's co-founder, President and Chief Executive Officer. He serves as a member of the board of trustees and vice chairman of the endowment investment committee for University of Pennsylvania and as a member of the faculty at Stanford Graduate School of Business, where he teaches courses on technology entrepreneurship. Prior to Wealthfront, Andy co-founded and was general partner of Benchmark Capital, where he was responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware. He also spent ten years as a general partner with Merrill, Pickard, Anderson & Eyre (MPAE). Andy earned his BS from University of Pennsylvania and his MBA from Stanford Graduate School of Business.
Apr 18, 2017
Michael Tannenbaum, Chief Revenue Officer, SoFi
00:18:18
Brian Shah (MBA '18) chats with Michael Tannenbaum, Chief Revenue Officer of SoFi. As CRO, Michael is responsible for driving successful execution and growth across SoFi’s core lending products. In this podcast, Michael discusses the company's foray into new financial products, its unique membership perks, and its recent acquisition of Zenbanx. He also shares his perspective on the current fundraising environment and the future of financial technology.
Apr 10, 2017
Ram Ahluwalia, Co-founder and CEO, PeerIQ
00:46:59
Aditya Goel chats with Ram Ahluwalia, Co-founder and CEO, PeerIQ. This New York-based financial information services company is creating tools to analyze, access, and manage risk in the peer-to-peer lending sector. In this podcast, Ram discusses the trends, evolution and future of alternative lending markets and the role of analytics and platforms in this asset space, sharing both his own perspectives and insights from recent industry conferences. Ram also provides precious nuggets of wisdom for future entrepreneurs and MBA students looking to enter FinTech.
Mar 22, 2017
Brandon Yahn, Founder of Student Loans Guy
00:36:26
Nipun Jasuja chats with Brandon Yahn, Founder of Student Loans Guy - a brand new FinTech startup. Brandon started Student Loans Guy to help people better understand their student loans and more easily navigate the lending and refinancing marketplace. In this podcast, Brandon shares his perspectives on the student loan market in the US, describes the mission and vision behind Student Loans Guy, and walks us through his exciting professional journey, sharing candid advice for budding entrepreneurs.
Mar 16, 2017
Virraj Jatania, Co-founder and CEO, Pockit
00:25:32
Ruhi Dang chats with Virraj Jatania, Co-founder & CEO of Pockit. Pockit is a digital banking alternative for the unbanked, underserved and low income consumers in the UK. Virraj talks about his journey from a family business in Nigeria to building Pockit – a new front door that’s open to all, especially those shut out or short-changed by traditional high street banks. Listen to him talk about Pockit’s plans to expand into Europe and into newer product lines for their existing market as he discusses industry trends and contrasts Pockit with traditional solutions in the FinTech space.
Mar 13, 2017
FinTech - Opportunities and Challenges Ahead with Howard Lindzon
00:29:47
Uday Seth chats with Howard Lindzon, a Canadian author, financial analyst, technical analyst and super angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight's Bridge Capital Partners, and is the co-founder of StockTwits. In this podcast, Lindson shares his perspective on FinTech, and the opportunities and challenges ahead.
Jan 28, 2017
Future of Financial Advice with Ed O'Brien, CEO of eMoney Advisor
00:33:41
Bobby Rosenbleeth chats with Ed O’Brien, CEO of eMoney Advisor, a financial technology company serving more than 40,000 financial professionals nationwide. Featuring an industry leading client portal, collaborative financial planning capabilities, powerful data aggregation services, deep integrations with top third-party applications, and robust business analytics, eMoney’s product suite helps financial advisors build trust, strengthen their relationships, and succeed. Fidelity Investments acquired eMoney in 2015.
Jan 19, 2017
Insurtech Trends with Drew Aldrich of ASV
00:34:29
Adam Chadroff chats about insurtech trends with Drew Aldrich, Associate at AXA Strategic Ventures (ASV). ASV is a $250 venture fund that makes seed and growth equity investments in enterprise software, financial technology, insurtech, and related sectors. In this podcast, Drew shares his thoughts about trends in insurtech and insurance innovation.
Dec 23, 2016
Wharton FinTech Lemonade FinTech Interview
00:34:22
David Gogel chats with Daniel Schreiber, CEO and Co-Founder of Lemonade, an insurtech startup based in New York. The property and casualty insurance company offers fast and low cost homeowners and renters insurance powered by technology, honest culture, and a commitment to social good. The company just raised $34 million in series B financing and is backed by top Venture Capital firms including Sequoia, General Catalyst, and Google Ventures.
Dec 19, 2016
Maex Ament, Co-Founder and Chief Strategy Officer of Taulia
00:40:58
Uday Seth chats with Maex Ament, Co-Founder and Chief Strategy Officer of Taulia. Taulia works with the world's largest and most innovative companies to transform the way they partner with their supply chains. Through a mix of supplier self-services, e-invoicing, and flexible supplier financing, Taulia enables organizations to turn every invoice into a revenue opportunity while drastically strengthening supplier relationships. A few of Taulia’s clients include Coca-Cola Bottling, eBay, John Deere, Hallmark, and Dominion Energy. https://twitter.com/maex242 https://twitter.com/taulia https://taulia.com/en/
Nov 15, 2016
Colin Walsh, Co-Founder and CEO of Varo
00:27:51