Enjoy and remember to subscribe to us on YouTube!!!!

Links:

Kamran on LinkedIn

Headline 

Sponsor:

Skipfy

Topics:

(00:00:00) - Intro

(00:01:27) - Kamran’s journey into VC

(00:05:05) - The early days of Venmo

(00:11:52) - Working in corporate development with Pinterest

(00:15:14) - The importance of people and recruiting

(00:25:04) - Stripe will not IPO in 2024 PERIOD

(00:32:43) - Predictions for NeoBanks

(00:35:16) - Chime

(00:40:40) - SPACs and Better

(00:46:02) - The Capital One/Discover deal

(00:54:37) - How do you start a bank?

(00:56:56) - Kamran’s day-to-day life and work

**note on Venmo: The deal happened before Kamran joined. He ended up finding deep alignment with the founders and ended up working closely with the team as a Board Observer as well as a Leader and Advisor in many capacities.

world. 

Enjoy!!

Links:

Kelly on X

Erin on X

Meg on X

Sponsor:

Skipify

Topics:

(00:00:00) - Intro

(00:03:16) - Introducing the housewives & Vegas gossip

(00:10:28) - What do good and bad pitches look like?

(00:32:10) - How important are tech journalists vs. micro-influencers?

(00:45:15) - How much are we supposed to answer reporters?

(00:54:19) - Building incentive alignments

(00:57:26) - Dealing with internal conflicts of interest, communicating with reporters, and the reality of PR life

(01:11:24) - Are press releases dead?

(01:21:16) - Wrap up

Enjoy!

Links:

Fintech Takes

Alex on X

Sponsor:

Skipify

Topics:

(00:00:00) - Intro

(00:03:40) - Alex’s career in the credit world

(00:16:38) - The year banking changed forever

(00:19:31) -  Federally chartered banks

(00:23:58) - How has credit scoring kept up with innovation?

(00:39:34) - Credit building theory & Buy Now Pay Later

(00:44:30) - Do we need another credit bureau? 

(00:467:11) - Where would you build within the credit scoring industry if you were a founder?

Today on the episode we welcome Matt Marcus and Dimitri Dadiomov, both Co-Founders of Modern Treasury, to discuss the upcoming Transfer Conference on May 15th, new product offerings at MT, and some hot takes on AI’s applications in fintech and payments. 

Enjoy! 

Remember, you can watch our beautiful faces doing the video show over on YouTube! 

Links:

Transfer Conference on May 15th

Modern Treasury

Dimitri on Linkedin

Matt on Linkedin

Sponsor:

Skipify

Topics:

(00:00:00) - Catch Up on Life & MT’s Focus

(00:06:45) - Defining Reconciliation in the Payment Arena

(00:10:32) - Defining Reconciliation For Companies that Move a Lot of Money

(00:21:30) - Addressing Real Customer Problems

(0:25:37) - Building a Communicative Culture and Feedback Loop

(00:37:21) - The Potential of AI

Continuing our epic run of in-person recordings brings us face-to-face with TWO fan favorites of the show in an epic return to form with our Are You Human Series. Kristen Anderson joins me as we pull back the curtain to discover whether Drew Glover (From our episode back in August) is actually a human. 

Drew is a Founding Partner of Fiat Growth and a General Partner at Fiat Ventures. He is no stranger to the world of growth, technology, and marketing. From his time at Steady where he led marketplace development and growth to Namely, Fjord, and Portal A, he navigated the ins and outs of Go-to-Market strategies and user acquisition. He has helped companies like Root, JP Morgan Chase, Adidas and Nike bring award-winning services and partnerships to market.

Remember, you can watch our beautiful faces doing the video show over on YouTube! 

Links:

Drew on X

FIAT Ventures

Sponsor:

Skipify

Topics:

(00:00:00) - Intro

(00:01:18) - Welcome!

(00:03:25) - Introducing Drew

(00:05:33) - Drew’s upbringing and the “importance” of school

(00:28:19) - Drew’s sporting history

(00:33:58) -  Are you frugal?

(00:50:28) - What’s the meaning of life?

Today on the episode we welcome Itai Damti, CEO of Unit. If you’re in the know, you’re probably aware of alllll the drama going on in BaaS, and if you’re finding for more on what’s happening. You’ve come to the right place. 

Enjoy! 

Remember, you can watch our beautiful faces doing the video show over on YouTube! 

Links:

Unit

Itai on LinkedIn

Sponsor:

Skipify

Topics:

(00:00:00) - Intro

(00:01:53) - Itai’s journey in embedded finance

(00:04:56) - Learning experiences from past startups

(00:08:29) - How Unit was built & inside the crazy world of banking regulations

(0:35:15) - Embedded Finance theories

(00:40:22) - Will embedded finance move in a RegTech direction?

(00:44:51) - Has the conversation cadence between regulators and partners increased?

(00:51:26) - What is the most exciting future for Fintech?

(00:58:57) - What has it been like emotionally going through the ups and downs of running a business in embedded finance?

(01:09:46) - How do you stay functional in such a complex industry?

Today I’m joined by Trevor Tanifum, Principal at a long-time friend of the show: FS Vector. Trevor guides financial technology companies through regulatory, risk management, and strategic challenges. We talk about Trevor’s journey to FS Vector, what the heck he does there, AI’s impact on the industry, what folks should be focusing on in Fintech, and whether or not the industry itself is bi-partisan.

Enjoy!

Links:

FS Vector

Trevor on LinkedIn

New York Fintech Week

Skipify

(00:00:59) - Nous parlons français et l'enfance de Trevor

(00:05:32) - How did you end up at FS Vector?

(00:10:05) - New York Fintech Week Ad

(00:11:08) - Thoughts on AI

(00:15:26) - FS Vector and Trevor’s work there

(00:26:25) - Skipify Ad

(00:28:00) - How big is this market?

(00:36:16) - What should companies be focused on right now in Fintech?

(00:44:33) - Drama vs. use-cases

(00:50:45) - Has the industry been through a full economic cycle?

(00:59:13) - Is Fintech bi-partisan?

It’s dawned on me that while I come to you as a humble podcast host, you’re all constantly hearing me talk about this Money20/20 thing…And based on what I see in the comments, most people are wondering:

What the hell is even a content director??

So, on this episode, not only do I deep dive into what life is like in this role, but I also had a chance to get the Euro perspective from our guest, Micky Tesfaye, the Content Lead for Europe!

We give the inside scoop of what we deal with, how we manage stress, judging the success of a show, and even go in on the toll this kind of job can take on a human. Enjoy!

We are also SO excited to welcome our new sponsor of Fintech Family Hour: Skipify.com 

Skipify’s Connected Wallet is a next-gen digital wallet that connects Merchants, Shoppers, and Financial Institutions into the moment of purchase for the very first time.

Links:

Micky on LinkedIn

Money20/20

Skipify.com

Topics:

(00:00:00) - Intro

(00:01:52) - Catching up

(00:03:52) - What the heck do we even do at Money20/20??

(00:08:54) - Experts vs. lighthouses 

(00:17:08) - The call for content

(00:20:30) - Having to sit on market-moving information

(00:26:59) - Allow dumb questions

(00:28:26) - Skipify.com

(00:32:12) - The toll of the job

(00:36:12) - Mickey’s hesitation toward IV businesses, Ice & cold brew

(00:46:20) - Managing stress

(00:50:54) - Judging the success of a show

I’d like to file a claim. 

We’re kicking off 2024 with one of the wisest guests in the history of the show: Alan Patricof. Alan is responsible for raising one of THE FIRST Venture Capital funds all the way back in the late 60’s. He’s currently the Chairman Emeritus of Greycroft, which has over $2 billion in capital invested across a variety of companies, including Venmo, Acorns, Axios and more!

We discuss Alan’s career, his problem with ageism, how to wake up happy, and some great stories about meeting some of the world’s greatest people like Warren Buffet. 

Enjoy and Happy New Year!

Links:

No Red Lights: Reflections on Life, 50 Years in Venture Capital, and Never Driving Alone by Alan Patricof

Topics:

(00:00:00) - Intro

(00:01:06) - How to wake up happy and act decisively

(00:04:42) -  Alan’s nontraditional investing portfolio & career

(00:10:26) - Separating the individual from the career

(00:15:06) - Raising one of the very first VC funds

(00:20:44) - Alan’s reaction to seeing the growth of VC

(00:21:50) - Do the muscles you used in early VC still work today?

(00:25:26) - The thesis behind Primetime

(00:31:50) - The problem with ageism

(00:33:32) - The swinging pendulum of the human race

(00:38:01) - Who’s the most interesting person you’ve met?

(00:41:15) - Meeting Warren Buffet 

(00:43:15) - Sitting on the board of SIPC

Well, the show is, however I won’t be around til the NEXT episode, I got obliterated by food poisoning at the time of this recording.

But, you’re all in the very capable hands of our very own Kristen Anderson as she recorded an ‘Are You Human?’ episode with Jane Barratt of MX live at Money 20/20!

Jane and Kristen discuss Jane’s upbringing before deep diving into the power of travel, food, and motherhood. They also try to find out if Jane is in fact frugal, some management lessons learned over her amazing career and more.

Enjoy!!

Links:

Jane on LinkedIn

Kristen on LinkedIn

Topics:

(00:00:00) - Intro

(00:02:46) - Introducing Jane, diving into her upbringing, and the power of travel

(00:15:24) - Thoughts on pets, and scary spider stories!

(00:23:37) - Jane’s Food Corner & motherhood

(00:36:11) - Are you frugal?

(00:43:24) - Management lessons learned

(00:59:43) - Why are we all here?

For our final episode before Money 20/20, we have on the man who perhaps personifies the world of Fintech itself: Simon Taylor. Simon is the brains behind the Fintech Brain Food newsletter as well as Head of Strategy & Content at Sardine.

We took a quick dip into Simon’s brain to find out if he truly is human. Along the way we made some amazing discoveries like the importance of exercise, philosophies around money, and the true secret behind his success: a Charlie Munger-like consumption of Pepsi Max!

Enjoy!

Links:

Simon on Twitter

Fintech Brain Food

Sardine

Topics:

(00:01:12) Introducing Simon

(00:05:52) Simon’s upbringing & career

(00:11:44) Philosophies around money & investing

(00:16:42) Simon’s inherent curiosity, stories of getting embarrassed at work, and dealing with cancer

(00:31:10) The importance of exercise

(00:32:52) Is Simon frugal?

While you chew on that, I want to introduce you to Immad Akhund: Founder and CEO of Mercury and our esteemed guest this week on the show. We spend a lot of time talking about Mercury’s amazing growth trajectory, the harsh realities of being a founder, Immad’s passion (or lack thereof) for investing, the importance of having a network in San Francisco, Mercury Raise and more. 

Please note that Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC.

Enjoy!!

Links:

Mercury

Mercury Raise

Immad on LinkedIn

Open by Andre Agassi

On Writing by Stephen King

Topics:

00:01:30) It’s called a Zoom!

(00:02:54) The industry avoids talking about SVB

(00:06:54) Mercury’s explosive growth

(00:16:55) Immad’s rolling fund and passion for investing

(00:23:27) The harsh reality of being a founder

(00:35:42) Immad’s north star

(00:39:51) The importance of having a San Francisco network today

(00:43:27) Mercury Raise

(00:46:35) Multi-product strategies

(00:49:26) How much time do you spend thinking about Fintech?

On this episode we are blessed with the presence of Ariel Cohen, CEO of Navan, and not only is he a wonderful guest for the show: He will also be a speaker alongside Ben Horowitz in Las Vegas for Money 20/20!

We have an amazing conversation deep diving into Ariel’s upbringing and we find a mutual love for basketball before going into more detail on Navan’s insane growth trajectory, developing strengths and weaknesses, navigating a wartime economy, the art of having hard conversations and so much more.

This is an incredible hour and I hope you enjoy!

Links:

Ariel on Twitter

Navan

Topics:

(00:00:00) Intro

(00:02:07) Ariel’s upbringing, competition, and leadership

(00:15:07) The Navan Team

(00:16:39) Strengths vs. weaknesses

(00:22:34) Would you say we are in peacetime or wartime right now?

(00:28:55) What was it like with Ben Horowitz during Covid?

(00:34:01) The art of having hard conversations

(00:37:13) How are you segmenting your thinking and energy throughout the day?

On episode 101, we grow that corner by launching our first ever Co-Cast! Nicole Casperson of Fintech is Femme and I recorded an amazing conversation and have half on this feed and half on hers, which you can find on Humans of Fintech.

On my side of the mic, we cover Nicole’s process for creating content, breaking the glass ceiling in Fintech, how to build a community, her fashion inspo, and a ton more.

Enjoy!

Links:

Fintech is Femme

Nicole on IG

Nicole on LinkedIn

Nicole on Twitter

Topics:

(00:01:16) Everything is content

(00:05:48) Nicole's process for writing her newsletter

(00:09:36) Did you have a glass ceiling to break through?

(00:15:00) Making feminine content appealing to all 

(00:19:46) Learning how to build community

(00:24:51) Do you consider your Real Talkers friends?

(00:31:14) What additional value do you create with paid subscribers?

(00:39:25) What do you wish men were doing more in Fintech?

(00:44:11) Does it ever seem like some men are theatrically feminist?

(00:46:00) How do you think about fashion?

For such a special occasion, my wonderful co-host, Kristen, pitched the idea for a unique version of our “Are you human?” series where we turn the tables and finally answer the question:

Am I human?

I won’t lie, it was VERY different being on the other side of one of these episodes, and I thoroughly applaud all of the previous guests for giving such amazing answers. We got to touch on a lot of things you all may not know about me. We talk about some childhood stories, bad comedy, first date tactics, conversations with Mike Tyson’s tiger, and of course, whether or not I’m frugal. 

Thank you to everyone who’s tuned in to the show over the years, you’re the ones who keep us coming back to the mic every week! 

Here’s to the next hundred, enjoy!

Links:

Kristen on LinkedIn

Alex on Twitter

Topics:

(00:01:12) Kristen introduces ZAP

(00:03:16) Childhood stories and bad comedy

(00:06:15) What assumption did you have as a teenager that was totally wrong?

(00:17:14) A story that Zach’s mom wouldn’t know

(00:21:56) The ability to make friends and different levels of friends

(00:30:53) Zach’s career archetype

(00:37:55) First date tactics

(00:41:04) What trip most impacted the way you see the world?

(00:52:18) What animal would you most like to have a conversation with?

(00:56:12) What’s one thing you refuse to spend money on?

(01:01:19) Is there any luxury item you’re currently saving up for?

(01:04:35) Are you a big gift giver?

(01:14:22) What one trait do you look for in your friends that you think is undervalued?

(01:18:24) What is your biggest pet peeve in other people?

(01:26:09) What is the meaning of life?

I had the immense pleasure to be joined by Jag Duggal, Chief Product Officer at Nubank. Nubank is the largest fintech bank in Latin America with $1.69bn in revenue. Jag and I go deep on their explosive growth, what he learned as a Product Manager for Google, and how Nubank is going to expand outside of Brazil.

Enjoy!

Links:

Nubank

Jag on LinkedIn

Jag’s appearance on the 20VC Podcast

Topics:

(00:01:19) Jag’s upbringing and career

(00:07:49) Product Management thesis’

(00:08:54) Experiences from PM-ing at Google

(00:15:56) Lessons learned from the Pandemic & NuBank’s explosive growth

(00:31:56) Mazlow’s hierarchy of Fintech

(00:34:48) Nubank’s goals for the future

(00:38:35) How are you approaching expansion outside of Brazil?

Turns out that has been the silly SEC this whole time! Thankfully, folks like our guest today are doing the Lord’s work in trying to influence them and shape policy to help our Fintech world. 

Anthony Cimino joins us to discuss his work as head of policy at Carta, new rules that are being implemented by the SEC, the uncertainty for future regulations, and how the everyday fintech-head can get engaged with those influencing policy. 

Enjoy!

Links:

Anthony on Twitter

Carta

Carta’s Newsletter

Topics:

(00:02:07) Anthony’s career, policy at Carta, and the philanthropic arm of fintech

(00:07:14) Building the policy team at Carta and understanding what policies are being argued today

(00:16:19) The prohibition of side-letters and new SEC standards

(00:28:42) Uncertainty and worry for future regulations

(00:35:59) How people can get engaged with those influencing policy

(00:44:44) How much policy affects people day-to-day

We’ve got a VERY special episode for you all: Vishal Garg, Founder & CEO of Better.com joins us to address the public reaction to their SPAC announcement. I asked some questions, gained some opinions, and I’m curious to see what you all think.

Enjoy!

Links:

Better.com

Vishal on Twitter

SoftBank

Topics:

(00:02:02) What led to the decision to do the SPAC and to IPO?

(00:07:06) Why did you come on the Podcast?

(00:08:44) Why did SoftBank pursue the Spac model rather than a private round?

(00:10:44) How have you handled the negative media attention?

(00:13:41) How is the average American consumer reacting to this?

(00:15:36) How much are you originating vs. refinancing?

(00:18:44) If you could go back and do this all again, would you?

(00:21:33) What are your interactions with Masa like?

Like, Australia south. 

Sasha Pilch is the Co-founder of NYC Fintech Women and Principal at Fin Capital. In addition to finding out if she’s human, we hear about her upbringing Down Under, her early career in Finance, what Covid was like in Australia, and the secrets of being a Delta VIP. We also talk about her learnings from working in VC, failing at adulthood and discover the meaning of life. 

Enjoy!

Links:

Sasha on Twitter

NYC Fintech Women

Fin Capital

Pinwheelapi

Topics:

(00:01:12) Sasha’s childhood in Australia & early career

(00:13:24) Why Sasha chose finance, Covid in Australia, and being a Delta VIP

(00:20:06) The 30 hour trip to Australia

(00:23:39) Sasha’s coffee order

(00:29:45) Are you frugal?

(00:43:38) Best vacations & dating

(00:57:00) Learnings from working in VC

(01:03:23) Is there a standard adult expectation you’re failing at?

(01:11:11) What is the meaning of life?

We talked about Drew’s upbringing, playing football at Cal with Aaron Rogers and Marshawn Lynch, and his early career before deep diving into Fiat. Drew talks about leveraging the scientific method in marketing, what he sees most often when working with these companies, hiring and a tone more. Enjoy!

Links:

Drew on Twitter

Fiat Growth

Marshawn Lynch Press Conference compilation

Topics:

(00:01:04) Checking in with Drew

(00:03:17) Drew’s upbringing

(00:11:24) Competitive nature & fundraising

(00:16:08) Drew’s early career and the launching of his growth consultancy

(00:29:30) Talking founders out of ego-oriented decisions

(00:32:47) Leveraging the scientific method in marketing

(00:38:34) Where do you see this going in the next 5-10 years?

(00:43:54) What are some things you see most often when working with clients?

(00:49:32) Hiring away your problems

(00:53:50) Hiring based on resume vs. potential

My guest on this episode is Zach Perret, CEO of Plaid. After solving the Pettet/Perret dilemma, we talk about his early life and career, the early days of building Plaid, how he’s scaled himself as an individual and a leader, the Visa transaction and a ton more. Enjoy!

Links:

Zach Perret on Twitter

Plaid

TechStars TV series

Zach’s Hackathon winning speech!

Topics:

(00:01:03) Solving the Zach/Zach dilemma

(00:02:24) Zach’s background and career

(00:12:39) An emphasis on humanity in building Plaid

(00:14:37) The early days of Plaid

(00:22:17) Scaling the individual

(00:29:33) Leadership vs. Management

(00:32:01) What is your average day looking like?

(00:38:22) The Visa transaction

(00:50:03) Thoughts on communication cadences

(00:50:55) Self-care and surfing

(00:52:59) How do you learn?

(00:55:20) How much time are you spending consuming non-business content?

(00:56:08) What are you most excited about in the future?

(00:59:10) Is fintech the right word to use to describe this industry?

Eli is the Co-Founder and CEO of Footprint as well as an avid haberdashery connoisseur. We deep dive into Eli’s youth, his first credit card and bank, we find out if he is actually “Fintech”, we test his frugality and find out the happiest day of his life among other things. Enjoy!

Links:

Eli on Twitter

Footprint

Kristen’s PERSONAL PHONE NUMBER

Cobalt Red by Siddharth Kara

Topics:

(00:02:49) Introducing Eli and Footprint

(00:03:42) Eli’s youth

(00:18:16) Eli’s First credit card and bank

(00:20:15) Are you actually fintech?

(00:25:43) Are you Frugal?

(00:47:11) Eli’s standard date night & Doing stand up comedy

(00:56:58) Best vacation

(00:57:56) What was the happiest day of your life?

(01:05:50) Daily Habits

(01:07:41) What’s the meaning of life?

Introducing: Are You Human?

Kristen Anderson and Alex Johnson return to the Podcast to answer some of the deeper questions the listeners may not know about us. This show is ever-evolving so PLEASE hit us up with any and all feedback you may have. We answered questions like:

Fitness routines.

Are you frugal?

What Fintech apps are you using?

What’s your go-to credit card and why?

Are you the person who’s ordering food at the airport and bringing it on the plane??

Plus a ton more!

This was the most fun I’ve had recording a podcast and I’m excited to share it with you. 

Links:

Fintech Takes

Alex Johnson on Twitter

Kristen’s PERSONAL PHONE NUMBER

Celestial Seasonings Tea Company

Digit

Taylor Swift - The Man

Topics:

(00:01:57) Introducing the crew

(00:04:05) Alex’s childhood and upbringing

(00:13:22) Money mentality as a youth

(00:19:07) Coffee orders!

(009:27:07) Fitness Routines and Money 20/20 Hoops

(00:39:39) Mini-game: Are You Frugal?

(00:54:24) What fintech apps do you use?

(00:59:47) What’s your favorite credit card?

(01:07:16) Travel frugality

(01:14:38) Weirdest foods!

(01:18:26) What is the meaning of life

It was fascinating seeing the world react, and while thousands were doing their absolute best, many were running around like chickens with their heads cut off. While the financial world reeled, one company stood out, standing strong and head fully intact: Modern Treasury.

This episode features Dimitri Dadiomov, the Co-Founder & CEO, and Julie Mullins, Head of Marketing & Communications, to discuss how they were able to expertly navigate the situation. We talk about the emotions on the ground, how they gather information, and the impact on their internal culture. and we wrap up talking about their Transfer conference they held back in June.

Special thanks to our exclusive sponsor: FS Vector - https://fsvector.com/

Links:

Modern Treasury

Dimitri on Twitter

Watch the MT Transfer Panels

The Transfer Conference

Topics:

(00:01:31) Reflecting on the Silicon Valley Bank receivership

(00:11:27) Creating status pages during a crisis

(00:16:02) Emotions on the ground at MT during the run

(00:28:55) Who are the people you’re calling at a time like this to develop a point of view and gather information?

(00:37:11) The importance of being multi-bank

(00:41:14) What has the impact been on internal team culture?

(00:45:11) MT’s user conference

Confused yet? Well, you’re in for a treat, fam... 

Bar Geron joins me on the Podcast to discuss his business, Balance. We start early with Bar’s upbringing in Israel, leveraging his Army experience into working for a Defense system company before becoming what I think might be the coolest job title ever: A Decision Scientist. We dive into what that entails before looking at his career in Fintech at PayPal and ultimately as the Co-Founder of Balance where he is building a way for businesses to pay how and when they want while getting the funds instantly and easily as card payments.

He answers things like:

• Why isn’t B2B a thing?
• Why do people buy too much shit?
• How do you operate a Tank?
• How can we fix the dumpster fire of e-commerce?

Special thanks to our exclusive sponsor: FS Vector - https://fsvector.com/

Links

Balance

Bar Geron on LinkedIn

Timestamps

(00:01:06) Bar’s Upbringing in Israel

(00:05:07) Working in a Combat Training Simulator

(00:10:57) Becoming a Decision Scientist & breaking down B2B ecommerce

(00:28:51) How Balance is fixing the shit show of ecommerce

(00:35:19) The early days of Balance

(00:46:41) The grand vision for the company

We roll out of the gates talking about Adam’s career at NASA, Fintech, and the influence of growing up in Silicon Valley before deep diving into Daffy’s mission of being generous more often. Adam breaks down Donor Advise Funds, the founding thesis for Daffy and we wrap up with discovering how to scale the concept of giving. 

Have a blast!

Special thanks to our exclusive sponsor: FS Vector - https://fsvector.com/

Links:

Adam on Twitter

Daffy

Adam’s Dope ass Blog

Something Ventured Documentary

Timestamps:

(00:01:38) Adam’s upbringing in Silicon Valley

(00:18:42) Adam’s career in Fintech and following the wave of technology

(00:25:44) Donor Advise Funds & Daffy

(00:41:34) The founding thesis for Daffy: Vitamins & Painkillers

(00:53:09) Scaling the concept of giving

For Fintechs Sake is now officially the Fintech Family Hour! Scream it from the rafters! Tell your fintech friends, tell your barista, tell your mom :)

We are kicking this re-brand off in the best way possible by sharing a live interview with THE Vinod Khosla. We talk about his work with Sam Altman and solving proof of personhood through their Worldcoin cryptocurrency, abuse he is seeing in Crypto, how to innovate in hard times and we wrap up with Vinod issuing a challenge to the listeners…Enjoy!

Special thanks to our exclusive sponsor: FS Vector - Learn more at https://fsvector.com/

Links:

Vinod on Twitter - https://twitter.com/vkhosla

Anchorage Digital - https://www.anchorage.com/

Worldcoin’s $115m raise - https://techcrunch.com/2023/05/25/sam-altmans-crypto-project-worldcoin-got-more-coin-in-latest-115m-raise/

Khosla Ventures - https://www.khoslaventures.com/

Timestamps

(00:04:06) Introducing Vinod & discussing Fintech innovation since ’15

(00:06:53) Identifying abusive uses of Crypto

(00:10:59) Anchorage and Lead Bank

(00:14:00) Worldcoin and solving proof of personhood

(00:20:29) How mainstreaming Crypto and Web3 can improve relations between China and the USA

(00:22:15) Innovating in hard times

(00:28:45) Vinod’s driving inspiration: Working on hard problems

New York Fintech Week Website: https://empirestartups.com/events/fintech-conference/

Get 15% off to the Empire Fintech Conference next Wednesday, April 26th using code FFS15.

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Omar ElNaggar is a hedge fund quant and data nerd. He is the founder and CEO of Weavechain. Weavechain is a platform that gives enterprise data new web3 superpowers. The concepts discussed here-in could put an end to fraud as we know it today.

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ForFintechsake.com

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Topics:

(4:21) - Introducing Omar & Zach (nerds)

(5:30) - Why will Web3 data take 100% of the market?

(7:22) - What are data flows?

(14:40) - Does the whole world need to be on Web3 to execute your vision?

(18:02) - Is there a gamification to this whole approach?

(25:05) - Are you seeing finance being the first industry to adopt Web3 Data flows?

(34:29) - CryptoPoops.com (Finest shit on the internet)

(36:02) - Being able to verify truth at any point

(44:59) - The history of HTTPS

(47:41) - The SVB crisis, wire transfers & chainalysis

(50:09) - Can we implement something like Weavechain without replacing the skeleton of the current financial system?

(1:01:15) - Distribution in Web3/Crypto & how Weavechain works in pharma and insurance

(1:14:49) - Decentralized Science

(1:17:35) - What is the 50-year vision for Weavechain?

(1:25:42) - Who are the best people for you to talk to regarding Weavechain?

Some lessons are Evergreen. Our guests Kaitlin Asrow at NYDFS and John Pitts at Plaid go deep on their personal experience while providing high level lessons we can all apply today in the midst of a strange time for banking.

We also have a guest host this week, Ally McCloskey. Ally was the host of The Wharton Fintech Podcast and she's now at Clocktower. We're very aware she's better than our usual host, don't rub it in, please.

Helpful Links:

Kaitlin Asrow on LinkedIn

John Pitts on LinkedIn & Twitter

Ally McCloskey on LinkedIn & Twitter

NYDFS on Twitter

Plaid Website

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ForFintechsake.com

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Connect with Zach:

ForFintechsake.com

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Rachel Morrissey, Micky Tesfaye, and Sanjib Kalita join me for this conversation. Don’t expect some magical breakdown of events or a crystal ball, though. I think we’ve all got more questions than answers at this point.

Friday felt like a monumental moment in financial history and we wanted to get together for a little therapy session, if nothing else. We weren’t sure if we were going to publish it even, but as I was scrolling through my podcasts this morning I simply wanted something about SVB to listen to so I could feel less alone with my concerns and fears. Hopefully this does that for you.

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Andrew and I discuss his early career moving from Arkansas to Harvard Law and ultimately working in New York as a lawyer before his jump into Fintech. Then, we try to imagine how heavy the trillion-dollar coin will be, and we break down cashflow underwriting, FICO, and The FED.

Finally, we take the conversation south of the border to discuss the emerging Latin American Fintech Market, and Andrew dishes on how this market is evolving and why Gilgamesh is paying very close attention. Enjoy!

Helpful Links:

Andrew on LinkedIn & Twitter

Gilgamesh

Petal

Kansas City aka ‘City of Fountains’

Fintech Leaders Podcast with Miguel Armaza

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Support our Sponsor:

Neuro-ID

Topics:

(1:04) - Growing up in the South, going to Harvard Law, and practicing in New York.

(13:26) - How the concept of money changes as you spend time in finance and fintech.

(22:13) – How Petal came to be.

(29:34) - Cash flow underwriting, FICO, and how Petal works.

(47:30) - Neuro-ID Ad read.

(49:24) - Building Gilgamesh

(1:00:00) - The emergence of Latin America, The FED, and Fintech as a net-positive

(1:10:43) - Misconceptions about the Latin American market.

(1:16:13) - Do you feel lonely south of the border given the economic environment?

(1:24:43) - How can founders get involved with you?

We also go into the fun stuff like Eli’s experiences doing stand-up, opening for Sam Morril, the radical honesty of comedy, and how it makes us better people. Jump in!

Helpful Links:

Footprint

Eli on Twitter

Eli on LinkedIn

Eli@onefootprint.com

Abundance by Peter H. Diamandis

Eli’s Blog

Eli’s TEDx talk!

Sam Morril’s latest comedy special: Positive Influence

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ForFintechsake.com

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Support our Sponsor:

Navan

Topics:

(1:59) - Eli’s background (we love Philly!)

(14:33) - Life at Stanford and the Big Tech shift

(19:37) - Building Footprint: Meeting the Co-founder

(24:30) - Eli’s investor updates

(30:20) - Navan Ad read

(31:50) - The Footprint business model, fighting fraud, privacy, and dealing with becoming a behemoth of data 

(42:05) - How is the competitive landscape of your industry developing?

(49:07) - Where is the true growth potential for Footprint?

(52:04) - Eli’s illustrious Stand-up comedy career and its impact on his business career

(1:04:46) - What can we do to help Footprint?

“But Zach! Why aren’t you talking about Fintech??”

Because that’s what you think about 24/7, Kristen and I decided to discuss money movement, pregnancy brain, scary movies….Okay, we DO talk about Fintech, check the show notes below!

Helpful Links:

Kristen on LinkedIn

Catch

Are you Garbage Podcast

Alloy

Extreme Ownership by Jocko Willink

Everything Everywhere All At Once

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ForFintechsake.com

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Navan

Topics:

(2:42) - Thoughts on the negative aspects of the Tech World.

(12:37) - Kristen’s career, becoming friends with Zach, and ChatGPT

(21:45) - Obsessing over Inputs

(23:04) - Building Catch & discussing early stage startups

(41:17) - Navan Ad Read

(42:47) - Tech Layoffs & more on building Catch

(51:52) - Company building before Product Building

(1:06:05) - Money movement, pregnancy, and scary movies

(1:11:27) - Fintech!

Helpful Links:



Stocktwits

Rishi on Twitter

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Neuro-ID

Topics:

(3:15) - Rishi’s upbringing and career

(7:03) - How has the culture of NYC shaped you?

(10:31) - What did you think you wanted to be when you grew up?

(19:19) - The importance of having a passion for what you do

(24:30) - The Hedge Fund industry is qualitative!

(30:28) - Neuro-ID Ad Read

(31:37) - The StockTwits story

(40:01) - What can I do on Stocktwits?

(45:14) - How do you maintain your unique brand and voice as you grow?

(49:05) - How do you carry yourself as a leader?

(52:18) - Could Stocktwits ever work with Crypto?

(57:16) - What can the audience do for you?

We cover why OnlyFans prioritizes safety, influencers vs. creators, content moderation policies, and some fun stuff like Lee’s wicked martial arts resume and some parenting talk. Enjoy!

Helpful Links:

Lee on LinkedIn

OnlyFans

1000 True Fans by Kevin Kelly (Not Paul Graham ☺)

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ForFintechSake.com

Follow Zach on Twitter

Check out Money 20/20

Support our Sponsor:

Neuro-ID

Topics:

(1:18) - Lee & Zach reflect on their first meeting

(3:37) - Do you think being on stage at Money 20/20 contributed to the improved relationships OF has with financial institutions?

(10:41) - Influencers vs. Creators

(14:43) - Lee’s upbringing, career, parenting, and martial arts pursuits

(26:15) - Prioritizing safety on OnlyFans

(27:56) - Lee on the entire OF team being emotionally invested in the product

(29:40) - Neuro-ID Ad read

(30:50) - Unpacking being “The safest social media platform”

(38:54) - Was Adult Content the focus or a natural use case in the company’s early days?

(44:45) - OF’s KYC process & content moderation

(53:57) - What are the perceived risks that banks and financial institutions see in partnering with OnlyFans?

We cover the nitty gritty of how the product was developed, and how the org was able to maintain it’s startup-like culture despite being over 3,000 team members. We dive into the story of TripActions incorporating Liquid into their product, and then wrap up with the fun stuff like Michael’s story of learning to fly planes during the pandemic. Enjoy!

Helpful Links:

TripActions

Michael Sindicich on Twitter & LinkedIn

Modern Treasury

Liquid

Michael on Alex Johnson’s Podcast - The Fintech Factor

Connect with Zach:

ForFintechSake.com

Follow Zach on Twitter

Check out Money 20/20

Support our Sponsor:

Neuro-ID

Topics:

(0:04) - Introduction

(1:57) - Michael’s upbringing and early career

(7:22) - Are there overlaps in your life studying science that carried over into sales?

(9:27) - What was the culture like early on in the company’s life and how was the product built?

(13:20) - How did you identify your now-fianceé was going to be the company’s Internal Champion?

(15:25) - Was it a deliberate approach to use a usage-based model for charging customers?

(17:20) - What happened between TripActions being founded and Liquid being incorporated into the product?

(19:23) - Are there people trying to bite your ankles from the startup end or are your competitors the incumbents?

(21:20) - Incorporating Liquid

(26:23) - Breaking down the mechanics of issuance

(27:40) - What’s the fundraising journey been like?

(32:02) - Neuro-ID Ad read

(33:14) - What was your mindset during the pandemic and why did you get so aggressive at a time when everyone was panicking?

(39:53) - How have you been able to maintain a startup culture despite this massive growth?

(43:16) - Do you have any crazy customer stories?

(44:19) - How do you develop the mental model that fintech solutions should come from outside the industry?

(47:44) - What do you do with your life outside work?

(53:20) - What can our audience do to help you?

This week's guest is Wayne Chang. Wayne is a Serial Entrepreneur, Film Producer, and Angel Investor. Wayne is the CEO & Co-Founder of Digits.

Helpful links:

• Digits Website
• Wayne on Twitter
• Chang.com
• Neuro-ID Expert Predictions Series
• Neuro-ID Website

Subscribe to For Fintech's Sake here.

This week's guest is David Ikenna Adams. David is an expert on all things cryptocurrency and cannabis. He runs a Venture Syndicate and he's starting company that's currently still in Stealth.

Helpful links:

• If_Then Ventures
• David on Twitter
• David on Linkedin
• Neuro-ID Fraud Ring Report
• Neuro-ID Website

Subscribe to For Fintech's Sake here.

This week's guestS are Jason Mikula (Fintech Business Weekly) and Alex Johnson (Fintech Takes).

They're both out here leading thoughts in the world of fintech.

Helpful links:

• Fintech Takes
• Fintech Business Weekly
• Neuro-ID Fraud Ring Report

Subscribe to For Fintech's Sake here.

Modern Treasury’s payment operations platform and flexible APIs enable you to add money movement and tracking to your products without the heavy lifting. And ya know, stuff like that.

We're welcome a new supporter for this season. Neuro-ID! Go to Neuro-ID.com/ffs to learn more and schedule a demo.

Helpful links:

• Modern Treasury Website
• Dimitri on Linkedin
• Dimitri on Twitter

Subscribe to For Fintech's Sake here.

Helpful links:

• Arc Website
• Don on Linkedin

Subscribe to For Fintech's Sake here.

Helpful links:

• Nate Website
• Albert on Twitter (@AlbertSaniger)

Subscribe to For Fintech's Sake here.

In this episode of a show that claims to be somewhat related to fintech news, we cover a multitude of important topics: Fintech Fridays, The Atomic Fundraise, & a Swift Take on Swift

Helpful Links:

• Atomic Fundraise
• Lindsay on Linkedin
• Atomic Website
• Money2020 Website

Subscribe to For Fintech's Sake here.

Moves is an all-in-one financial app helping gig workers manage their business and get ahead.

Helpful links:

• Moves Website
• Matthew on Twitter (@MattSpoke)
• Matthew on Linkedin

Subscribe to For Fintech's Sake here.

Helpful links:

• FT Partners Website
• Steve on Linkedin
• Steve on Twitter (@FTPartners)

Subscribe to For Fintech's Sake here.

Helpful links:

• FinVenture Studio Website
• Ryan on Linkedin
• Ryan on Twitter
• Episode One with Ryan

Subscribe to For Fintech's Sake here.

We cover a range of topics from NYDIG's BTC Payroll Announcement to making it clear that we had foresight about overdraft fees going the way of steam engine.

Helpful Links:

• Lindsay on Linkedin
• Atomic Website
• Money2020 Website

Subscribe to For Fintech's Sake here.

Helpful links:

• gigwge website
• Craig on Linkedin
• Ethan on Linkedin

Subscribe to For Fintech's Sake here.

Flourish is a Venture Firm focused on investing in entrepreneurs whose innovations help people achieve financial health and prosperity.

Helpful links:

• Flourish Website
• Kabir on Linkedin
• FFS Episode with Emmalyn Shaw

My guest this week is Ohad Samet, Co-Founder & CEO at TrueAccord.

This week's episode is brought to you by lsbx.com. If you’re a startup or growth stage company looking to find a direct banking relationship for deposits, debit card issuance, or access to banking rails through a great partner, go to LSBX.com. Lincoln Savings Bank is a member of the FDIC.  

Helpful links:

• LSBx Website
• Ohad on Twitter
• TrueAccord Website

My guest this week is Joe Robinson, Co-Founder & CEO at Hummingbird, The Compliance Mission Control.

This week's episode is brought to you by lsbx.com. If you’re a startup or growth stage company looking to find a direct banking relationship for deposits, debit card issuance, or access to banking rails through a great partner, go to LSBX.com. Lincoln Savings Bank is a member of the FDIC.  

Helpful links:

• Hummingbird Website
• Joe on Linkedin
• Hummingbird on Twitter

My guest this week is Daniel Kimerling, Founder and Managing Partner at Deciens, a leading Fintech Venture Capital Fund.

This week's episode is brought to you by lsbx.com. If you’re a startup or growth stage company looking to find a direct banking relationship for deposits, debit card issuance, or access to banking rails through a great partner, go to LSBX.com. Lincoln Savings Bank is a member of the FDIC.  

Helpful links:

• Dan on Twitter (@dkimerling)
• Dan on Linkedin
• Deciens Website

Subscribe to the newsletter @ www.forfintechsake.com

Abound makes it easy for the best businesses in the Independent Economy to offer benefits to independent workers in a compliant way and to build autonomous finance features that help protect independent workers.

This week's episode is brought to you by lsbx.com. If you’re a startup or growth stage company looking to find a direct banking relationship for deposits, debit card issuance, or access to banking rails through a great partner, go to LSBX.com. Lincoln Savings Bank is a member of the FDIC.  

Helpful links:

• Trent on Linkedin
• FFS Listener Website Link
• LSBX Website

Subscribe to the newsletter @ www.forfintechsake.com

Sanjib and the Money20/20 team penned their first White Paper in their storied ten year history. It's called The Building Block of Fintech 2.0. You can download the full white paper using this link.

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• Sanjib on Linkedin
• Money20/20 Website
• The Building Blocks of Fintech 2.0

Subscribe to the newsletter @ www.forfintechsake.com

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• Eke on Linkedin
• Rise.Capital
• Eke on Twitter

Subscribe to the newsletter @ www.forfintechsake.com

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• Tobin on Linkedin
• Savi Website
• Savi on Twitter

Subscribe to the newsletter @ www.forfintechsake.com

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• eMoney Website
• Ed on Linkedin

Subscribe to the newsletter @ www.forfintechsake.com

This episode is brought to you by v-sum.com.

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• Atomic Website
• Jordan on Linkedin
• Atomic API Docs

In this episode, we cover Ally Bank's announcement that they're doing away with NSF / Overdraft Fees, what it means for the industry, and what's to come with this outdated, predatory fee.

Go to www.forfintechsake.com for helpful links and more information.

This episode is brought to you by v-sum.com.

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• NorthOne Website
• NorthOne Careers
• Eytan on Twitter
• Eytan on Linkedin

PrizePool recently announced their $10M Series A led by top tier VCs. Frank joins us to unpack the fundraise, prize linked savings, and what the future holds for this incentive based financial product.

Welcome Tech is the largest neobank focused exclusively on the needs of the Hispanic immigrant population. Welcome Tech has helped nearly 3 million account holders and 9 million community members access financial services.

One of the biggest pain points for the community is access fairly priced digital financial services. By digitizing a cash heavy population with Atomic’s payroll APIs, Welcome Tech and Atomic will be able to bring bank accounts to millions of truly unbanked and underserved consumers.

Read more on Atomic’s Insight’s page to access the Case Study.

My guest this week is Riddhiman Das, CEO @ TripleBlind. TripleBlind provides Enterprise Data as a Service.

This episode is brought to you by v-sum.com.

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• TripleBlind Website
• Das on Linkedin
• Das on Twitter

This week we're covering Rally’s $30 million Series B, non-fungible tokens (NFTS), and the Rally Rd. ahead to bring Wall Street to the main street.

The news: 

$30 million Series B funding led by Accel, with participation from existing investors Upfront Ventures, Social Leverage, and others. Additionally, Rally has secured a $50M debt facility from Upper90 Capital to allow the company to efficiently offer one-of-a-kind assets across all categories.

This week we're covering the Better Mortgage SPAC. He jumps in to help us understand if this Better SPAC is the best SPAC, why it's happening now, and what the future holds for the mortgage world and Ocrolus itself.

This episode is brought to you by v-sum.com.

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• MANTL Website
• MANTL Careers
• Nathaniel on Twitter

Though 2020 was an outlier with companies cutting spend during lockdowns to preserve cash and extend runway, the market is massive and on pace to come back as the country prepares to return to work with hybrid business operations. Below are few highlights from the conversation.

Our conversation covers:

• How to differentiate corporate cards targeting tech startups, small businesses, and enterprise businesses
• Patterns of corporate card spending and savings during the first phased of the COVID-19 pandemic
• Our outlook, on Bill.com’s definitive agreement to buy Divvy in a cash and stock deal worth $2.5B
• Ramp’s “no founder liability,” plans to consolidate the financial software stack, and what’s on the roadmap for 2021

Fast fintech facts:

Divvy

• Total deal valuation: $2.5 billion
• Deal terms: Approximately $625 million in cash and $1.875 billion of Bill.com common stock
• Traction: 7,500 monthly active small and medium-sized businesses (SMBs)
• Total payment volume (TPV): $4 billion annually
• Target demographic: Corporate cards for SMBs and tech startups
• Total Funding: $417.5 million

Bill.com

• Market cap: $12.7 billion (as of 5/7/21)
• Traction: 115,000 customer base and its network of 2.5 million members
• Target demographic: Accounting, expense management and budgeting software for SMBs
• Q1’21 earnings: $59.7 million in revenues

Ramp

• Total raised: $300 million in equity and debt
• Last round: $115 million Q1’21 
• Valuation: $1.8 billion
• Target demographic: Tech startups and small businesses

This episode is brought to you by v-sum.com.

Go to www.forfintechsake.com for helpful links and more information.

This week we dive into the huge fundraising rounds announced by Current, Greenlight, and Step. Or as a poet might put it...Greenlight took a Step into the Current.

This week we dive into the gig economy, banking for woke folks, and ubiquity of cryptocurrency.

Learn more about our day jobs at bond.tech and atomic.financial.

Helpful Links:

• Quontic Website
• Steve on Linkedin
• Quontic on Twitter

This episode is brought to you by v-sum.com.

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• Flourish Ventures Website
• Emmalyn on Linkedin
• Emmalyn on Twitter
• If you listen to the end of the episode, you'll find Emmalyn's email :)

This episode is brought to you by v-sum.com. 

Go to www.forfintechsake.com for helpful links and more information.

We cover Brady stepping in as CEO, what the future holds for Dwolla, and payments payments payments!

Helpful Links:

• Dwolla Website
• Dwolla on Twitter
• Brady on Linkedin

Go to www.forfintechsake.com for helpful links and more information.

Helpful links:

• Jon on Twitter
• Jon on Linkedin
• Empire Startups Website
• Stella Ventures Website

Revolut announced some big news today! Ron and Zach sit down to talk through the news and what it means for the future of Revolut and fintech in the US.

Helpful Links:

• Revolut's US Website
• Revolut Careers
• Ron on Linkedin
• Empire Startups Website

Full Press Release:

Revolut submits application for US banking license and launches business accounts in all 50 states

• Revolut has submitted a draft application with the FDIC and the California Department of Financial Protection and Innovation to work towards obtaining a banking license.
• Revolut Business – one place to manage all things business – is launching in all 50 states.
• For a limited time, Revolut is offering a 1-month trial on its most popular business plans, Grow Company and Pro Freelancer.

San Francisco, March 22, 2021 – Revolut, the financial superapp with 15 million customers worldwide, is celebrating its one-year anniversary in the US with two major milestones – the submission of its draft application for a US banking license and the launch of Revolut Business across all 50 states. 

Revolut’s US CEO, Ron Oliviera, confirmed today that the company has submitted a draft application with the FDIC and the California Department of Financial Protection and Innovation, the first step in the process to obtain a banking license. An important part of Revolut’s plans to build the world’s first global financial superapp, a US banking license would allow Revolut to provide a broader range of financial products to US customers including overdraft protection, loans and deposit accounts. 

Revolut announced in January that it had submitted its application for a UK bank license to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). It was granted an EU banking license in Lithuania in December 2018 and has begun rolling out banking services in Central Europe. 

“A US banking license would ultimately enable us to provide US customers with all the essential financial products and services they can expect from their primary bank including loans and deposits,” Revolut co-founder and CEO, Nik Storonsky said. “We’re on a mission to build the world’s first global financial superapp, and pursuing a US banking license is an integral part of the journey.” 

Additionally, after roll-outs across Europe, amassing over 500K sign-ups globally, Revolut is bringing its innovative business accounts to the US, offering customers one place to manage all things business. Revolut Business allows companies to sign-up for multi-currency accounts in minutes, issue physical and virtual corporate cards, make free money transfers in 29 currencies to pay suppliers, partners, or employees wherever they may be – all at the interbank exchange rate. 

Business account features include free and instant money transfers between companies that are signed up for Revolut Business, foreign currency accounts that allow customers to spend like locals, as well as tools for expense and subscription management. Additionally, customers can seamlessly integrate the latest apps and services from Revolut and industry-leading external]]>My Guest today is Ronald Oliveira, CEO @ Revolut US.

Revolut announced some big news today! Ron and Zach sit down to talk through the news and what it means for the future of Revolut and fintech in the US.

Helpful Links:

• Revolut's US Website
• Revolut Careers
• Ron on Linkedin
• Empire Startups Website

Full Press Release:

Revolut submits application for US banking license and launches business accounts in all 50 states

• Revolut has submitted a draft application with the FDIC and the California Department of Financial Protection and Innovation to work towards obtaining a banking license.
• Revolut Business – one place to manage all things business – is launching in all 50 states.
• For a limited time, Revolut is offering a 1-month trial on its most popular business plans, Grow Company and Pro Freelancer.

San Francisco, March 22, 2021 – Revolut, the financial superapp with 15 million customers worldwide, is celebrating its one-year anniversary in the US with two major milestones – the submission of its draft application for a US banking license and the launch of Revolut Business across all 50 states. 

Revolut’s US CEO, Ron Oliviera, confirmed today that the company has submitted a draft application with the FDIC and the California Department of Financial Protection and Innovation, the first step in the process to obtain a banking license. An important part of Revolut’s plans to build the world’s first global financial superapp, a US banking license would allow Revolut to provide a broader range of financial products to US customers including overdraft protection, loans and deposit accounts. 

Revolut announced in January that it had submitted its application for a UK bank license to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). It was granted an EU banking license in Lithuania in December 2018 and has begun rolling out banking services in Central Europe. 

“A US banking license would ultimately enable us to provide US customers with all the essential financial products and services they can expect from their primary bank including loans and deposits,” Revolut co-founder and CEO, Nik Storonsky said. “We’re on a mission to build the world’s first global financial superapp, and pursuing a US banking license is an integral part of the journey.” 

Additionally, after roll-outs across Europe, amassing over 500K sign-ups globally, Revolut is bringing its innovative business accounts to the US, offering customers one place to manage all things business. Revolut Business allows companies to sign-up for multi-currency accounts in minutes, issue physical and virtual corporate cards, make free money transfers in 29 currencies to pay suppliers, partners, or employees wherever they may be – all at the interbank exchange rate. 

Business account features include free and instant money transfers between companies that are signed up for Revolut Business, foreign currency accounts that allow customers to spend like locals, as well as tools for expense and subscription management. Additionally, customers can seamlessly integrate the latest apps and services from Revolut and industry-leading external partners such as Slack, Zapier, Xero, and QuickBooks, to optimize processes, save time, and reduce human error. 

“Small and medium-sized businesses are massively underserved in the US, and we want to empower them with the tools to grow and scale globally,” Storonsky said. “Tackling fragmented processes, high fees, and other business banking pain points, we built an end-to-end solution that saves business owners time and resources to focus on what really matters – running their business.”  

Since launching in the US one year ago in March 2020, Revolut has attracted hundreds of thousands of customers. The launch of Revolut Business and the submission of the draft application for a US bank charter are major milestones for the company, reflecting its commitment to providing best-in-class financial services for both retail and business customers across the country.

ABOUT REVOLUT

Revolut is here to transform the way money works. As a new and innovative financial platform, it gives people the power to spend, transfer, and manage their money without the sky-high fees charged by traditional banks. Since the company launched in 2015, it has raised close to $1 billion in investment, and was most recently valued at $5.5 billion. While headquartered in London, Revolut employs more than 50 people in the US, with offices in California and New York. 

www.revolut.com 

Banking services are provided by Metropolitan Commercial Bank, Member FDIC.

We cover Sean's background from Palantir to Banking, how OakNorth was founded, and how the business has changed with the international expansion.

Helpful Links:

https://www.oaknorth.com/ (OakNorth Website)

https://www.linkedin.com/in/sean-hunter-548358b/ (Sean Hunter on Linkedin)

https://twitter.com/oaknorthbank (OakNorth on Twitter)

We dig into how the company was founded, what ESPPs are, and how Cashless Participation is revolutionizing the market.

Helpful Links:

• Carver Edison Website
• Aaron Shapiro on Linkedin
• Carver Edison on Twitter