This Week in Fintech's Podcast
đ§ The Fintech OG Series Season Two: RenĂ© Lacerte and Frank Mastrangelo
Dec 23, 2024
René Lacerte, founder of BILL, and Frank Mastrangelo, co-founder of Bancorp and PayAmigo, share their remarkable journeys in shaping the FinTech landscape. They reminisce about their pivotal dinner meeting in 2006 and the exhilarating experience of taking their companies public. The duo discusses the persistent challenges in global commerce, the transformative potential of blockchain and AI, and the emotional lessons learned from their fathers. Personal stories about adoption and community through sports also make for a heartwarming exploration.
37:11
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Quick takeaways
- René Lacerte and Frank Mastrangelo's partnership in FinTech demonstrates the importance of networking and collaboration in a nascent industry.
- The founders' experiences during the 2008 financial crisis underscored the necessity of trust and resilience for innovation in FinTech.
Deep dives
Foundational Relationships in FinTech
The discussion reveals how the founders, Renee Lissert and Frank Mastrangiello, first met and established their partnership in the FinTech space during a dinner in 2006. Although the term 'FinTech' did not exist at the time, both recognized the pivotal roles that technology and payments would play in transforming financial services. Their connection was solidified through a series of business dealings, particularly regarding the capabilities of the Bancorp to support Bill.com in its early days. This relationship exemplifies the importance of networking and collaboration in an industry that was still in its infancy.
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