Payments Innovation The Bootstrapped Fintech That Is Funding $250MM in Canadian Business w/ David Gens
Oct 8, 2019
17:18
For many businesses, the 2008 financial crisis was a death blow. But for at least one opportunistic entrepreneur, it was the moment he made a game-changing dive into a fintech business.
David Gens is the Founder, President, and CEO of Merchant Growth, a fintech specializing in delivering financing to small retail businesses in Canada.
David joined me on the Payments Innovation podcast to share how he’s leveraging AI to deliver game-changing financing to small business.
What we talked about:
- How the 2008 financial crisis impacted financial services
- Traditional financial institutions aren’t really competitors anymore in the small business financing arena
- David’s first challenge was building trust with small business owners
- David alleviated some of the trust issues by partnering with big-name logos
- Merchant Growth’s financing structure: built on data
- Leveraging AI to drive financing
- One fintech CEO’s predictions about the financial services
- Small retail businesses needed a new funding source after the 2008 financial crisis
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Until next time!
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