Bitcoin Fixes X… with Trevor Marshall, David Haber & Stuart Wall
Aug 30, 2023
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Trevor Marshall, David Haber, and Stuart Wall join Dan Nathan to discuss the state of crypto enforcement, NFTs in the SEC's sights, Bitcoin, Elon Musk's plan for payments on Twitter/X, real estate financing startup's Series A, Setpoint's potential in adjacent verticals, AI's real impact on Fintech, and why a16z is all in on NYC.
Current aims to improve the payment experience by focusing on prompt payment processing
Setpoint aims to enhance trust and credit in various industries through software solutions
Identifying and addressing problems in the financial technology industry presents a significant market opportunity
Deep dives
Current disrupts traditional banking with a user-friendly app
Current, a fintech company, is disrupting traditional banking by offering an easy-to-use app for managing finances. Customers can access all their financial needs in one place, eliminating the need for physical visits to banks. Current provides banking services through a Visa debit card issued by Choice Financial Group, offering convenience and accessibility for users. The app allows for easy tracking and management of financial transactions, making it a preferred choice for many customers.
Row offers FDA-approved weight loss medication
Row, a weight loss company, offers an FDA-approved medication for weight loss. Along with the medication, Row provides lifestyle coaching to help individuals achieve and maintain their weight loss goals. Customers can access these services through a free online visit, connecting with a licensed healthcare professional. Row's program has been successful, with individuals reporting significant weight loss within six months. The company offers special discounted pricing for their listeners, making it an affordable option for those looking to improve their health.
Trevor Marshall discusses the importance of on-time payments
Trevor Marshall, co-founder and CTO of Current, a fintech company, emphasizes the significance of on-time payments. In a podcast episode, Marshall highlights the company's commitment to ensuring timely payments, as it is key to maintaining a healthy financial system. By focusing on prompt payment processing and minimizing delays, Current aims to improve the overall payment experience for its customers. Marshall also discusses the current trends in the cryptocurrency market, such as the rise of Bitcoin and the regulatory challenges it faces.
David Haber and Stu Wall talk about the future of fintech
David Haber, general partner at A16Z, and Stu Wall, CEO of Setpoint, delve into the future of fintech in a podcast conversation. They discuss the challenges of traditional financial systems and the need for innovative solutions that simplify complex processes. Setpoint, a platform focused on transforming capital market activities, aims to enhance trust and credit in various industries. Through software solutions like collateral managers and portfolio managers, Setpoint streamlines the loan origination and funding processes, enabling faster and more accurate transactions. The conversation also touches on the growing role of AI in fintech and the potential for its widespread integration.
Efficiently managing relationships with asset-backed lenders
The podcast episode discusses how the software developed by Setpoint Capital is not only used for managing relationships with one lender but also with a network of large asset-backed lenders. The idea of a network effect is emphasized, comparing it to the success of a company called Carta that started with a focus on solving a back office problem and eventually built significant distribution within the startup ecosystem. The speaker believes that by achieving significant distribution within the fintech ecosystem, Setpoint Capital can potentially unlock new avenues for business and attract more borrowers and lenders to their platform.
The importance of building a company in an underserved market
The podcast highlights the significance of identifying and addressing problems in industries that are not well understood or often overlooked. In the case of Setpoint Capital, their focus on the financial technology industry, specifically in providing software solutions for asset-backed lenders and originators, is driven by the belief that there is a huge market opportunity in this often unexciting and understated part of the value chain. The speaker mentions the advantage of having a specialized software as an anchor customer, allowing the company to learn and tailor their offerings to address the unique needs of their customers. Additionally, the discussion touches on the potential for AI and machine learning to enhance efficiency and provide real-time insights within the financial services sector.
Dan Nathan is joined by Trevor Marshall, CTO of Current to discuss the state of crypto enforcement (1:00), NFTs in the SEC's sights, Bitcoin buoyed by ETFs (16:30), Elon's plan for payments on Twitter/X (21:00). After the break, Dan is joined by Stuart Wall, CEO of Setpoint.io and David Haber, GP at a16z to discuss their lead in the real estate financing startup's Series A (34:00), how Setpoint is poised to tackle adjacent verticals, AI's real impact on Fintech, and why a16z is all in on NYC.
