About the Podcast Episode

Alexa von Tobel and Mark Batsiyan of Inspired Capital join Erik on this episode.

They discuss:

• What fintech 2.0 will look like and their experiences growing a company during the fintech 1.0 era.

• The idea of the self-driving wallet and removing friction for consumers.

• Their investment thesis and the trends they are seeing in fintech.

• How incumbents will react to changes and why they will be just as acquisitive.- The impact of COVID on fintech.- How Gen Z thinks about finances.

A lot of what is mentioned in this podcast is relevant for the US consumer, but the podcast has some interesting points nevertheless.

Takeaways

1. This is a good podcast to understand more about how Fintech overall has evolved in the last 10+ years.
2. Interesting concepts of 'frictionless money' & 'self-driving wallet" are introduced that may make you think.
3. Given COVID, how does one think about the fintech needs of the gig-economy in a fully remote world.

NOTES

Evolution of Fintech

Fintech 1.0 — >

• started around 2008. Essentially it was about taking whatever existed and digitizing it.
• Effectively, almost mimicking the full incumbents - but via better tech & digitized.

Fintech 2.0 —>