fintech

“If you're going to get into that business, you have to have either immediate scale or a very certain path to immediate scale because you just can't support that cost basis on a subscale business.”

“Typically what you'll see in FinTech, and this actually surprises a lot of people, is that Fintech is actually more of an art or science of integration and orchestration across other people's technology than it is a real science and art of building your own te…”

“Like you absolutely need FIs to get a challenger bank off the ground, to get a FinTech off the ground. Like you have to partner With the incumbent financial system.”

“And I think the tech side of it doesn't justify the multiples that like wealth managers have to have like 10 times those multiples.”

“I would say to do a fintech company in general, especially one that has like any sort of payments like money movement it's probably three times harder than a software company. Like a software company, you can probably launch at three months, a payment slash ba…”

“Lawyers are pretty useful. They're smart. They know the law, but B they actually like also know people like they know companies that have done this or tried to do this and who have they partnered with. If you think about it, a lawyer is often you know, working…”

“What I realized in FinTech over those, you know, 1618 months, it's a very hard, high churn product. FinTech products are extremely high churn. They're not sticky because in some ways they're experimentational.”

“We had three rules for countries we wanted to operate in. So one, do they have what we call fintech we want, which is ability to look at bank accounts, open banking. There's some way to reduce the risk so we know what we're looking at... Two is the government …”

“It was an incredible use case for AI. There's so much unstructured data. It is, like, purpose-built to use the models.”