Wharton FinTech Podcast

In today's episode of the Wharton Fintech Podcast, Anchit Gupta (WG'21) is joined by Lindsay Holden, Co-Founder & CEO of Long Game. Long Game is a gamified personal finance app for Millenials that encourages saving through fun rewards and cash prizes. Before starting Long Game, Lindsay Holden co-founded the Applicant Auction, the primary auction for Top Level domain names, which held over $500M in auctions before being acquired. Before that, she helped launch Formation 8, a venture capital firm with over $1B under management. Ms. Holden holds a B.S. in Chemical Engineering and an MBA from the University of Colorado, Boulder. In this interview, Lindsay shares: - Her motivation behind launching Long Game - The many financial planning problems faced by Americans & how Long Game is working to solve these issues - Their typical customers and how Long Game can help them - The toughest parts of being a founder and launching Long Game - The future product pipeline for the company and much more! For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/

Miguel Armaza is joined by two great guests, Brooks Gibbins and Gareth Jones - Managing Partners and Co-Founders of Fintech Collective, a global early-stage venture capital firm focused on technology startups with the potential to reimagine financial services. We discuss: - Their entrepreneurial background and why they eventually decided to switch from operators to investors - Challenges of launching a Fintech focused fund in 2012 - Their decision to invest beyond the US and why they are excited about fintech in Latin America and other emerging markets - Why they are particularly proud of their weekly newsletter - Their investment strategy and what gets them excited to invest in a startup - And a nice story of how they helped our very own Wharton Fintech Club just as we were getting started almost seven years ago Brooks Gibbins Brooks is a co-founder and Managing Partner of FinTech Collective. Prior to becoming a venture capitalist, Brooks had a successful career as an entrepreneur and global operating executive in capital markets, payments, and enterprise tech. He was a key executive and officer at New York-based Multex, which successfully IPO’d and exited to Reuters; London-based Serverside, which successfully exited to Gemalto; and Oslo-based FAST, which successfully exited to Microsoft for over $1b. Brooks began his career as an enterprise software developer. Brooks completed Harvard Business School’s program for Management Development and graduated from Williams College with distinction. Gareth Jones Gareth is co-founder and Managing Partner of FinTech Collective. Prior to becoming a venture capitalist, Gareth was a successful entrepreneur and business leader, who helped build and sell three category-leading fintech companies. These included Multex, which IPO’d and then successfully sold to Reuters; Serverside, which successfully sold to Gemalto, a European digital security company; and CardLab, which was successfully acquired by Blackhawk Networks, a global leader in prepaid gift, reward and incentive technologies and solutions. Prior to starting his career in fintech, Gareth spent three years ‘double handing’ a 36ft sailing boat 33,000 nautical miles from the UK to the Antarctic circle. Gareth has completed Columbia Business School’s Senior Executive Program and graduated from the University of the West of England with a BSc. Honours Degree. About Fintech Collective FinTech Collective is a global early-stage venture capital firm focused on technology startups with the potential to reimagine financial services. The firm, founded in 2012, has deep experience investing across capital markets, wealth management, banking, lending, payments, insurance, and crypto/blockchain. The managing partners of FinTech Collective met in their mid 20’s and then helped build, scale and sell four fintech businesses generating over $1.5 billion of shareholder value. Backed primarily by institutional investors and a small handful of tier-one financial institutions from around the world, FinTech Collective has invested in 43 portfolio companies and is currently investing out of its third fund, a $150m+ early-stage fund. Some notable investments include Anyfin (Stockholm), Axoni (NYC), Flutterwave (Africa), IMMO Capital (London), Minka (Latin America), MoneyLion (NYC), NYDIG (NYC), Ocrolus (NYC), Quovo (NYC, acquired by Plaid) and Vestwell (NYC).

“If Robinhood exists to democratize markets, Commonstock exists to democratize information.” Ryan Zauk sits down with Commonstock Founder & CEO David Mcdonough to learn how Commonstock is creating a community that amplifies insights from top investors, backed by the performance and portfolio of their linked brokerage accounts. Community members can link their existing brokerage accounts and share their real-time portfolio, performance, and trades (by percent only - $ amount is never shared), while sharing detailed investment theses, industry takedowns, and more. The idea has attracted investors such as Social Capital, Floodgate, and WFT favorite Frank Rotman of QED. The community has exploded over the past year, with professional investors writing highly detailed memos and users heavily engaged. They discuss: - His authentic journey to founding Commonstock and why he was the 'Rudy of Private Equity' - The amazing Commonstock community, its network effects, and growth - The Robinhood and Gamestop fiasco and how learning Robinhood’s business was like seeing the green binary codes in the matrix - Plus a rapid-fire round with some of his amazing stock successes (and some misses caused by paper hands) Check out Commonstock here: https://beta.commonstock.com/login For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/

Miguel Armaza is joined by the fascinating Milind Mehere, serial entrepreneur, and Founder/CEO of YieldStreet, a digital wealth management platform that aims to transform the investing landscape by enabling individual investors to invest in classes such as Real Estate, Marine Finance, Art Finance, Legal Finance, and Commercial loans. The company has raised over $180M in equity and debt from top VCs including Edison Partners, Greycroft, and Raine Ventures. They discuss: - His successful entrepreneurial journey and the path to Yieldstreet as a second-time founder - Company Culture - Challenges of building an investing platform and disrupting an industry traditionally reserved for the wealthy - Leveraging regulatory opportunities for a new asset class - The incredible impact of COVID on the business - And a lot more! Milind Mehere Milind Mehere is an award-winning entrepreneur with a track record of building large scalable businesses and creating new product categories. He is the founder and CEO of YieldStreet, a digital wealth management platform changing the way financial products are delivered and how wealth is created. Previously, Milind co-founded and scaled Yodlee (an ad-tech platform for SMBs) to $200M+ in revenue and 1,400 employees - the company was acquired by Web.com for $342M in 2016. About Yieldstreet YieldStreet is striving to become the world’s largest digital wealth management platform to change the way wealth is created. YieldStreet is accomplishing this by transforming the investing landscape, opening up access to investments for individual investors across a range of asset classes such as Real Estate, Marine Finance, Art Finance, Legal Finance and Commercial loans. Headquartered in New York City with offices in Brazil, Argentina and Greece, the company is backed with $178M in equity and debt funding from firms including Edison Partners, Greycroft and Raine Ventures. Join the movement at www.yieldstreet.com.

Aquiline’s Vincenzo La Ruffa - Driving Value Creation in Financial Services Miguel Armaza sits down with Vincenzo La Ruffa, President of Aquiline Capital Partners and head of their financial technology group. Aquiline was founded in 2005 and is a private investment firm based focused on businesses across the financial services sector with almost $6B in assets under management. Vincenzo is also a proud alum of our amazing Wharton and Penn school. We talked about - Vincenzo’s career path - Fintech trends and exciting opportunities - Their approach to partnering with entrepreneurs - Stories and case studies from some of their exciting portfolio companies - Challenges as an investor during COVID - Identifying Fintech opportunities in a fast moving and fast changing market - Private Equity as a career - And why he still loves reading physical books! Vincenzo La Ruffa Vincenzo is president of Aquiline. Vincenzo also heads the financial technology and services group and serves on the investment committees for the AFS, ATG and ACO fund families. Prior to joining Aquiline in 2014, Vincenzo was managing director of Susquehanna Growth Equity, a group he co-founded, where he invested in financial technology, healthcare IT and software companies across the US, Europe and Israel. Vincenzo currently serves on the boards of portfolio companies Ascensus and HedgeServ. He previously was on the boards of Simply Business (sold to Travelers), Togetherwork (sold to GI Partners), Fenergo (realized in 2018 recapitalization) and BISAM (sold to FactSet); his prior investments include The Logic Group (sold to Barclays), 29West (sold to Informatica) and Managed Markets Insight and Technology (sold to Welsh Carson). Vincenzo serves as a trustee of the Collegium Institute on Catholic Thought and Culture at the University of Pennsylvania, Delbarton School, the Montfort Academy, the National Catholic Bioethics Center, and the Regina Angelorum Academy. About Aquiline Capital Partners LLC Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across the financial services sector in financial technology, insurance, investment management, business services, credit and healthcare. The firm has $5.6 billion in assets under management as of September 30, 2020. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit aquiline.com.

In our latest episode of the Wharton Fintech podcast, Anchit Gupta (WG'21) is joined by Phil Edmundson, CEO & Founder of Corvus Insurance. Founded in 2017, Corvus is a leading provider of smart commercial insurance products powered by AI-driven risk data. Corvus finished 2020 at a $100M annual premium run rate, capping off a year that was marked by meteoric growth for the company. In addition to Corvus, Phil is also the Managing Partner of Edmus Ventures where he invests in InsurTech companies including Verifly/Thimble, Wellthie, Agentero, Cover Wallet, Openly, and CoPatient. In this interview, Phil shares: - The state of the cyber-insurance industry - Corvus's core products and services - Using AI/ML to improve risk management tools - The biggest challenges facing cybersecurity - COVIDs impact on cybersecurity and insurance - Emerging trends in the insurtech industry For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/

Worlds collide today as the two gold-standards of fintech content come together on the Wharton Fintech Podcast. Ryan Zauk sits down with Simon Taylor, Co-Founder and Head of Ventures at 11:FS, a challenger consultancy and emerging fintech empire. They help the world’s top founders build financial services products, conduct highly customized market research, bring PMs behind the scenes of various fintech applications, and of course have their own media arm. In today’s episode, Simon and Ryan dive into: 7:00 - His journey through fintech and how 11:FS is building the industry's top challenger consultancy 12:00 - The current state of the crypto market and if it has finally 'crossed the chasm’ 17:00 - The power of stablecoins and interest-bearing accounts (BlockFi, Celsius, etc) 22:54 - NFTs, sports memorabilia, and NBA top shot 28:10 - Their thoughts on Clubhouse 31:40 - And a very fun rapid-fire round including his favorite follows on Twitter For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/

Miguel Armaza is joined by Michael Seibel and Dalton Caldwell, Managing Directors and Group Partners at Y Combinator (YC). YC is one of the most successful startup accelerators and venture capital funds, and since March 2005 has helped over 5,000 startup founders build and launch companies like Stripe, AirBnB, DoorDash, Dropbox, Reddit, and the list goes on and on… This was a fascinating conversation and Michael and Dalton talked about lessons learned from their years of experience with YC, what they look for in a founding team, and why they are so passionate about helping entrepreneurs. We also touched on their decision to expand beyond the US to back entrepreneurs from all over the world, and the fascinating network effects this has created. Dalton and Michael also shared lessons learned from working with over 200 Fintech companies, including Brex, Stripe, and Coinbase. And some of the Fintech trends they are excited about. Finally, we could not end this conversation without talking about the state of diversity in the industry and hearing what Michael has to say about it Plus a lot more golden nuggets of information! Michael Seibel Michael Seibel is the Managing Director, Early Stage and Group Partner at YC. He was the cofounder and CEO Justin.tv and Socialcam. Socialcam sold to Autodesk in 2012 and under the leadership of Emmett Shear, Justin.tv became Twitch.tv and sold to Amazon in 2014. Before getting into startups, he spent a year as the finance director for a US Senate campaign and in 2005, Michael graduated from Yale University with a BA in political science. Dalton Caldwell Dalton Caldwell is the Managing Director, Architect and Group Partner at YC. He was the cofounder and CEO of imeem (acquired by MySpace in 2009), and the cofounder and CEO of App.net. He has a BS in Symbolic Systems and a BA in Psychology from Stanford University. About Y Combinator Y Combinator is a startup fund based in Mountain View, CA. In 2005, Y Combinator developed a new model of startup funding. Twice a year they invest a small amount of money in a large number of startups. The startups move to Silicon Valley for 3 months, and the YC partners work closely with each company to get them into the best possible shape and refine their pitch to investors. Each batch culminates in Demo Day, when the startups present their companies to a carefully selected audience of investors. Y Combinator has invested in over 3,000 companies including Airbnb, Dropbox, Stripe, Reddit, Instacart, Docker and Gusto. The combined valuation of YC companies is over $300B. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Substack: https://bit.ly/3jWIpqp

Miguel Armaza sits down with Manuel Silva, General Partner at Mouro Capital, a venture capital fund with $400m assets under management, looking to back the most innovative fintech innovators and startups across North America, Latin America, and Europe. We talked about: - Manuel’s career path and what led him to venture capital - History of Mouro Capital and why they recently decided to spin out of Santander Bank - Mouro’s investment strategy - Investing in global fintech – regions and markets where they see the biggest opportunities (hint: Latin America) - Navigating COVID - and a lot more! About Mouro Capital Mouro Capital is a venture capital firm with $400M assets under management that targets early to growth fintech investment opportunities across Europe, North America and Latin America.

Miguel Armaza sits down with Dan Rosen, Partner and Founder of Commerce Ventures, a sector-focused VC fund, investing in infrastructure and enablers for the Commerce Continuum Dan is also an alum of our very own, Wharton School. We talked about - Dan’s background and why he decided to build Commerce Ventures - The evolution of the fintech industry over the last 20 years - Commerce Ventures investment process - Their approach to building sector theses - The importance of talent, diversity, and mentoring future generations - And a lot more! About Dan Rosen Dan Rosen Partner Dan has been investing in tech startups for 20 years. He founded Commerce Ventures with the vision of creating a sector-focused firm that demonstrably helps its portfolio companies. At Commerce, Dan focuses on technology innovations in the payments, financial services and insurance fields. He serves on the boards of Blooom, ClickSWITCH, Kin and Socure, and participates as an observer on several other portfolio boards, such as BillGO and MX Technologies. Prior to starting Commerce Ventures, Dan was a Principal at Highland Capital Partners, where he focused on mobile and payments-related startups. He has also worked as an Associate at HarbourVest Partners, in Corporate Development at RSA Security, and as a financial services software consultant for American Management Systems (now CGI Group). Dan studied Finance and Information Systems at the University of Pennsylvania and earned an MBA with Distinction from Harvard.