Fintech One•On•One

On today's show we discussed big news from Celsius, Stripe, Klarna, Three Arrows Capital Pte Ltd, Plaid, OpenSea, The Home Depot, PlayStation, Quadrata, Inc., BNPL and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Tens of millions of people are living and working in a foreign country and sending money to their families back home. They want a remittance service that is convenient, inexpensive and trustworthy. And while the remittance business has been around for more than a century, there are better options today than ever before.My next guest on the Fintech One-on-One Podcast is Matt Oppenheimer, the CEO and founder of Remitly. He started the company back in 2011, just as smartphones were getting going, and has built it into one of the world leaders in the space operating in some 135 countries today and sending billions of dollars around the world each year.In this podcast you will learn:How Matt's time in Kenya gave him the idea to start Remitly.Why the timing for starting Remitly was one of the keys to his success.How he describes Remitly today.Where they operate and the main remittance corridors.How the remittance process works exactly.The prevalence of cash versus electronic transfers.Why the complexity is in doing localization at scale.What is involved in expanding to a new geography.A profile of the typical customer using Remitly.What banks are missing by not serving the immigrant population.Matt's views on crypto and its role in the remittance space.What he is working on today that is most interesting.What he finds most exciting in payments and banking today.His vision for remittances and where we will be by the of the decade.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

On the news show today we discuss big fintech news from Voyager Digital, FTX, Nexo, Vauld, Meta, Klarna, Goldman Sachs, ONE, defi, embedded finance and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

There is a massive market that has been all but ignored by fintech founders. I am talking about the senior market. We have tens of millions of people, many with a decent net worth, with few financial services targeting them. This needs to change because the financial needs of this population are only going to become more complex and demanding over time.Our next guest on the Fintech One-on-One Podcast is Abby Levy, the co-founder and general partner at Primetime Partners. After helping her father who had been retired for 20 years she realized there is very little infrastructure in place to support older adults and she saw that as a real opportunity. So, she started a venture capital firm to help founders looking to provide products for this market.In this podcast you will learn:How her personal experience led to her becoming a venture capitalist.How she met her partner, the venture capital legend Alan Patricof.The state of the financial wellbeing of seniors in this country.Why fintech founders are not focusing enough on this massive market.The many categories where there are huge opportunities:Asset decumulation - why we need a plan to tap into liquidity of assets.Pre-retirement or "pretirement" - planning for retirement later in a career.Post-retirement - gig economy opportunities and the off-ramp for retirees.Senior-friendly credit products - we need more creative products to help seniors and their families.Care insurtech - only 7% of Americans have Long Term Care insurance, we need better options.Health-fintech crossovers - hospitals and providers are partnering with fintechs on payment schemes.Who the founders are that are coming across Abby's desk.What it will take for fintech founders to focus on the senior market.What the future might look like for fintechs focused on this population.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

On the show today we discussed fintech news from FTX, BlockFi, Robinhood, Celsius, OpenSea, Cambridge Centre for Alternative Finance, Cambridge Judge Business School, Amount, U.S. Securities and Exchange Commission, Apple and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Mortgage servicing is one of the few areas of finance that has been relatively untouched by fintech. It is very complex with huge technology and compliance requirements that creates a large barrier to entry for newcomers. But there are new entrants that are not taking on the incumbents directly but partnering with them in one of their key areas of need: loss mitigation.Our next guest on the Fintech One-on-One Podcast is Eric Rachmel, the CEO and Founder of Brace. They have created a modern tech stack that works seamlessly with the traditional systems of the large servicers to provide end-to-end loss mitigation.In this podcast you will learn:The opportunity Eric saw that led to the founding of Brace.Why there has been such little innovation in mortgage servicing.How mortgage servicers operate today.What their standard procedure is for loss mitigation.How the Brace loss mitigation system works.The types of loan servicers that Brace works with today.How a new system such as Brace works with legacy servicing solutions.What they found out in their consumer survey from earlier this year.Eric's perspective on the potential acquisition of Black Knight by ICE.How he used his background as a VC when raising money for Brace.Why loan servicing has taken the spotlight in recent years.What an economic downturn might do for Brace's business.What is next for Brace.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

The venture capital business has had an interesting couple of years. Deals were done with a speed that was previously unimaginable and without any face-to-face meetings. Plus the entry of huge amounts of money from private equity and investors with deep pockets caused an unprecedented increase in valuations. Now, the world has changed again.My next guest on the Fintech One-on-One podcast is Matt Harris, partner at Bain Capital Ventures. This was recorded at Fintech Nexus USA in New York last month when I interviewed Matt on our keynote stage. You can also watch the video of this discussion.Matt pulls no punches in this discussion and describes in pretty stark terms the challenges that fintech entrepreneurs will face over the next 12-18 months. We end with Matt's thoughts on the future of money and why decentralization is such a key part of this future.In this discussion you will learn:Why the state of fintech today is fantastic for the end users.Why Matt believes the run-up in fintech valuations was a toxic situation.How Zoom changed the venture capital business for Bain.The percentage of all money invested in fintech that came from VCs.Why fintech public market valuations say more about public markets than it does about fintech.Why Matt thinks the public markets are broken.How the venture capital business compares today to pre-pandemic times.Why there is a narrow window in the very short term to get deals done.Matt's thesis on the future of money that he wrote in Forbes.What is inevitable about the move to decentralized finance.What finance will look like in 20-30 years.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

On the show today we discussed Coinbase, BlockFi, Celsius, PayPal, Affirm, HomeLight, Mayor Eric Adams, Abra, American Express, European Central Bank and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Employee retention is something that many companies, large and small, struggle with constantly. Despite this obvious pain point, there has not really been a fintech-focused approach to attacking this problem. Stock options and season tickets to ballgames will only motivate, or be appropriate for, certain audiences. But everyone loves cash.My guests on today's episode of the Fintech One-on-One podcast are Rob Frohwein and Kathryn Petralia. They became big names in the fintech space as the founders of Kabbage which they sold to American Express in 2020. This dynamic duo is back with a new company called Keep Financial and they are out to revolutionize employee compensation.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

On the news show this week we talked about big news from Apple, PayPal, Senators Lummis and Gillibrand, Custodia Bank, Checkout.com, Upstart, Consumer Financial Protection Bureau, Stripe and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes