3min chapter

Fintech Layer Cake cover image

What Bank Partners Want from Fintechs

Fintech Layer Cake

CHAPTER

How Long Does It Take to Get a Term Sheet From a Fintech?

Piermont has been working with Square for a few years. How long does it take if they start talking with Piermont and both sides are able to engage in timely manner, how long should folks expect to go from that initial conversation to maybe to a term sheet? The answer I'm going to give is the answer that everyone hates but it depends on the fintech or the company that we're talking to. We typically see companies take anywhere from two to three months while much faster ones get things up and running in less than a month.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode