Fintech Takes

S8 E7: Not Fintech Investment Advice: Revenir, Summer, Jeff, and Axle

Aug 21, 2024

The guests discuss groundbreaking fintech innovations, including Revenir's automation for recovering sales tax, making refunds easier for travelers. Summer talks about helping graduates manage student loans and the challenges of distribution via HR. Jeff shares insights on expanding credit access for the underbanked using non-traditional data, potentially establishing a new credit standard. Lastly, Axle highlights its AI-powered compliance solutions and the importance of educating clients about new technologies in the evolving regulatory landscape.

01:06:45

Episode guests

AI Summary

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Revenir's API automates international sales tax recovery, significantly increasing refund eligibility awareness for UK travelers and enhancing satisfaction.

Summer addresses the challenge of student loan management by providing HR-friendly solutions that combine repayment education with loan forgiveness options.

Jeff utilizes non-traditional data to create comprehensive credit profiles, enhancing access to financial products for the underbanked in the Asia-Pacific region.

Deep dives

Automated Tax Recovery Insights

Automated tax recovery for travelers is revolutionizing the way individuals reclaim sales tax on purchases made abroad, particularly for travelers from the UK to Europe. The service, exemplified by the company Reveneer, offers an application programming interface (API) for banks and FinTech firms to seamlessly notify users of their eligibility for tax rebates. This service targets the significant number of travelers who miss out on potential tax refunds, as up to 80% of eligible items go unclaimed annually. By utilizing technology, the process allows users to receive notifications of tax refunds within 48 hours of their purchase, creating an unexpected financial benefit and enhancing customer satisfaction.

Intro

2min

Revamping Tax Recovery for Travelers

10min

Revolutionizing Brokerage Costs with AI and Software

2min

Innovations in Fintech for Student Financing

25min

Navigating Fintech Regulation and Innovation

20min

The Future of Wallets and Simplified Credit Management

3min

Confronting Data Breaches and the Call for Innovation

2min

In this episode of Not Fintech Investment Advice, Alex and Simon spotlight the latest up and comers solving cool problems in fintech.

First up is Revenir, which helps travelers and businesses recover sales tax on their purchases, making rebates happen "automagically" through its API. As a prime "found money" use case for AI, what's Revenir’s long-term strategy? Could a neo-bank leverage this feature as an exclusive advantage?

Then, it’s Summer (the product, not the season) which helps grads manage student debt—combining loan repayment and forgiveness into an HR-friendly package. Selling to HR is tough, but is Summer’s recent acquisition the key to dominating this space? Or would a DTC approach be more effective?

Next, Jeff (the product, not the person) is expanding credit access for the underbanked in the Asia-Pacific with non-traditional data for detailed credit profiles and scores. With its "FICO 2.0" approach, could Jeff set a new standard in credit evaluation?

Plus, Axle automates compliance workflows with AI agents, handling tasks like sanction screening and KYC. Axle offers a clear value prop to firms overwhelmed by regulatory processes, but can their specialized AI scale across different fintech sectors?

Finally, Alex and Simon try to manifest their fintech dreams: interoperable payment rails and unified AnnualCreditReport.com but not terrible.

00:02:20 - Revenir

00:15:15 - Summer

00:27:42 - Jeff

00:40:53 - Axle

00:58:03 - Manifesting Fintech Ideas

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Companies featured:

https://www.revenir.ai/

https://www.meetsummer.com/

https://www.jeff-app.com/