Fintech Leaders Brian Barnes, Founder/CEO of M1 Finance – Scaling a Unicorn, How to Buy a Bank, and The Incredible Power of Compounding
Miguel Armaza sits down with Brian Barnes, Founder & CEO of M1 Finance, one of the fastest growing financial super-apps offering automated investing, borrowing, and banking products in the US.
Founded in Chicago just five years ago, M1 currently manages over $6 billion for its clients and has raised over $300 million from top names including Softbank, Coatue, Clocktower, and Left Lane.
We cover:
- M1’s meteoric rise over the past couple of years and why these are the early days for the company.
- The power of compounding. It took M1 18+ months to reach $100M AUM, but now they’re adding that number weekly!
- The fascinating and unique story of how Brian, personally bought First National Bank of Buhl, one of the smallest banks in the US. The thought process that drove this transaction and his plans for the future of the bank.
- Advice and reflections for aspiring entrepreneurs and why he enjoys mentoring up and coming founder
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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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