FinTech - What Is It All About?

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The original idea was actually a P2P app more similar to Venmo or Cash App. It wasn't scalable yet, but we were trying to show that real-time access to cash could be meaningful for people in low-income communities. Balance pivoted the company soon after getting into Airbnb, really go after that in earnest. "We always kept an eye on this first insight of the instant money movement"

Today we speak with Jareau Wadé - currently the founder of Batch Processing, previously the co-founder of Balanced (acquired by Stripe), head of growth at Tilt Pro (acquired by Airbnb), and Chief Growth Officer at Finix.

We spoke with Jareau about the early days of Balanced - how they prioritized, gained trust with initial customers, and competed with companies like Stripe and PayPal. Jareau talks through a bunch of different heuristics and models he uses to evaluate risk (stack it early), tackle the cold start problem, synthesize feedback, figure out the technical side of your business early on, and manage the mental side of starting a business.

It's an awesome conversation and you'll take tactics and methods away from it.