In #11, the boys are in a fintech frenzy, breaking down the strategies and tactics young founders used to break in to the most regulated industry. The first company discussed is Karat Financial, a buzzy fintech startup that's raised $100M+ to create the American Express of the creator economy. Karat offers a credit card for content creators with limits calculated by a proprietary algorithm that factors in non-conventional data like social following and revenue streams. Co-founders Will Kim and Eric Wei, who are in their late twenties, left their lucrative tech jobs at Palantir and Meta to create access to capital for an emerging class of business owners misunderstood by legacy institutions. Continuing on the fintech note, the boys also cover Yacine Sibous, the 28-year-old co-founder of Parker, a credit card startup focused on the specific needs of e-commerce businesses. Alike Will and Eric, Yacine saw larger banks and lenders misunderstanding the needs of bootstrapped, middle-market DTC companies, so he's raised $157M to solve the problem.
0:00 Intro
01:15 Story of Karat
15:20 Story of Parker
37:05 Conclusion + Outro
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Check out Karat: https://www.trykarat.com/
Check out Parker https://www.getparker.com/
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Our Future Podcast is a production of Morning Brew.
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