When Mastercard fully rolled out its digital wallet last year – into the overcrowded market – it was unclear whether the company would be able reach the adoption goals set out by CEO Ajay Banga. But it did. The payment network enabled 80 million accounts at yearend 2016, and added five newRead More
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Image courtesy of Ethos Private Wealth Thesis: hunger on origination side from small business + hunger on investor side starved of yield by prolonged ZIRP + banks withdrawing due to balance sheet and capital ratio issues = window of opportunity big enough to drive a truck through. Evidence: + LendingRead More
If that headline resonates, you have been carbon dated. You must be old enough to remember Hanson Trust (or enjoy business history). This BBC obituary for Lord Hanson explains why that was Hanson Trust’s advertising slogan. “CBI director general Digby Jones said Lord Hanson’s cross investments in the US, withRead More
AvidXchange just closed a $225m round. Why would a bunch of very smart investors put $225m into something as boring as Accounts Payable software for small business? These are top tier investors: TPG TPG is a leading global private investment firm… Square 1 Bank entrepreneurs serving entrepreneurs Keybank Cleveland-based KeyCorp is oneRead More
Small business lending is a market window of opportunity big enough to drive a truck through. It is also a perfect fit for “rebundling“; business finance is too complex for point solutions. Small businesses need banks and banks need small businesses as digitization disruption hits their consumer revenue line. MassiveRead More
If you want to know what’s screwed up about banking, check out Square 1 Bank. Here at Bank Innovation, we decided to do a little experiment. We’ve long covered digital retail banking startups, like Simple and GoBank. But we wondered what options were available for small businesses, like, well, Bank Innovation? SoRead More
In the story of the blind men and the elephant: “Each one feels a different part, but only one part, such as the side or the tusk. They then compare notes and learn that they are in complete disagreement.” The working capital finance market is like that. We can all agreeRead More
The last market opportunity “big enough to drive a truck through” that I witnessed was the difference between time spent online and ad $ spent online. SMB Financing is in that class now because of four mega trends: Banks are lending less (due to balance sheet constraints) just when business is recovering and needing new…Read more SMB Financing is a window of opportunity “big enough to drive a truck through”
There are two reasons for my crowdsourced case study: Reason # 1: Make more money from my book. I understand that nobody other than myself is interested in that objective. The only reason why I think that Fintech people will be interested is reason # 2. Reason # 2: The creative economy could be the…Read more Could Bitcoin help me cut out the 40% that Amazon takes to sell my book?
About 40% of the labor force in America will be self employed by 2020. Globally, including the developing world, well over 50% is self-employed. Whatever you call it – the free agent economy or the on demand economy or the capital crushes labor economy – it is a reality that banksRead More