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Fintech Leaders

Chris Pento, Clear Street CEO/Co-Founder – Building a $2B Giant in 5 Years, Upgrading Wall Street's Technology, Strategy & Rapid Product Launches

Jul 25, 2023
26:53

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Miguel Armaza sits down with Chris Pento, CEO/Co-Founder of Clear Street, a $2 billion modern financial infrastructure business focused on providing capital markets services including clearing, custody, execution, and prime brokerage service.

Launched just five years ago in 2018, Clear Street was recently valued at $2 billion and has raised close to $600 million in equity and debt from Prysm Capital, NextGen Venture Partners, IMC Investments, and many more.

We discuss:

  • A brief history of the US Securities and Capital Markets infrastructure and how Clear Street is modernizing 50-year-old technology
  • How Chris thinks about strategic-decision making and why they’ve been able to execute and launch so many products in just a few years
  • Why he believes in the concept of a value-add investor, especially in niche and regulated spaces like theirs
  • Transitioning from a Wall Street corner office to scrappy startup founder, competitive ping pong matches at Clear Street… and a lot more!

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Miguel Armaza is Co-Founder & Managing General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.

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