Podcasts about Fundbox

Welcome back to the occasional series on the podcast called Fintech Revealed. This is a sponsored show where we take a deep dive into one topic with a couple of industry experts.Today, we are focusing on small business credit with Levi King, the CEO of Nav and Gerri Detweiler, a credit expert and educational consultant. We provide listeners with a clear understanding of how small business credit reporting works and why it is so different to consumer credit. We talk about open banking and how cash flow underwriting helps more small businesses get approved for credit and at a lower rate.Levi traces Nav's evolution from a credit data tracking platform to a comprehensive financial health solution that now facilitates embedded lending through partners like Fundbox, while Gerri emphasizes the educational mission of helping business owners understand their business credit profile and why scores that can vary wildly between bureaus.Both express optimism about the future of small business lending, particularly the rise of embedded financing that leverages diverse data sources from vertical SaaS platforms and the shift in lender attitudes from "extracting a pound of flesh" to genuinely advocating for small business success.In this podcast you will learn:How Nav has evolved since I last had Levi on the show in 2017.The types of small businesses that are coming to Nav.The main differences between a business and personal credit report.How Nav works with partners today.What they are doing to help small business owners get educated.What it takes to become a Nav partner today.How they integrate the huge number of small business data sources.What it is like convincing small business owners to connect their bank data.How cash flow underwriting is change the game for small business lending.How they are using AI to analyze the myriad data sources.Some of the surprising insights they have gleaned from this data.What trends they are seeing that contradict conventional wisdom.What needs to happen next to move the industry forward.Why they are optimistic about where the industry is headed.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

As fintech companies transition from scrappy startups to scaled operations, traditional leadership models often hit their limits. The demands of managing complex partnerships, navigating regulatory requirements, and driving sustainable growth require a different kind of executive structure than the founder-led approach that got many companies off the ground. Today, I'm joined by Prashant Fuloria, CEO of Fundbox, and Anchit Singh, the company's Chief Business Officer, to explore how they've developed a collaborative leadership model that's helped drive Fundbox's evolution in the embedded finance space. We'll dig into the CEO-CBO dynamic, how they divide responsibilities, and what other growing fintechs can learn about building leadership structures that scale.

What does it really take to steer a fintech through a growth reset—and come out stronger? In today's episode of the Second in Command podcast, Cameron is joined by COO Rina Jariwala, who takes us inside the transformation of Fundbox, where operational precision meets people-first leadership.In this insightful conversation, Rina shares a compelling journey through rapid growth, transformation, and the challenges of steering a company toward profitability. You'll get an inside look at the strategic pivots and cultural shifts necessary when a high-growth organization recalibrates its priorities to build a sustainable and thriving future. The discussion reveals how transparency, clear goals, and leadership resilience play pivotal roles in navigating tough transitions.Beyond the company's financial and operational evolution, you'll hear about the nuances of leadership itself. Rina reflects on the importance of execution over theory, the emotional intelligence required to manage diverse demands, and the continuous learning mindset that fuels personal and professional growth. The exploration of coaching as a vital leadership skill—contrasting it with mentoring—highlights how fostering curiosity and empowerment can transform teams and organizations alike.This episode offers inspiring insights into how leaders can cultivate trust, build culture, and approach challenges with grace and determination.Want more conversations like this—where coaching meets execution? Follow the show and get inside the minds of next-gen operators. If you've enjoyed this episode of the Second in Command podcast, be sure to leave a review and subscribe today!Enjoy!In This Episode You'll Learn:The importance of empathy and understanding Rina's team's motivations, which she believes are crucial for effective leadership.The underwriting process, which involves analyzing data from small businesses to provide quick funding decisions.Fundbox's growth strategy, focusing on platform and distribution partners that serve a multitude of small businesses. The cultural shift required to achieve profitability and the importance of maintaining a strong team.Rina's journey of pursuing a master's degree in leadership and organizational development with an emphasis on executive coaching.And much more...Guest Bio:Rina Jariwala is the Chief Operating Officer of Fundbox, known for her authentic, high-energy leadership and a passion for driving operational excellence. With extensive experience across technology, data, and service delivery, Rina specializes in turning around organizations and helping them reach peak performance. She excels at elevating service delivery, improving efficiency, and driving profitability through strategic planning and seamless execution. A dynamic communicator and influential leader, she motivates high-performing teams, spearheads complex process improvements, and fosters cross-functional collaboration. Her key strengths include business process re-engineering, change management, coaching, and organizational development. With a strong focus on customer impact and innovation, Rina brings a bold, people-centered approach to operational leadership that consistently delivers lasting results.Resources:Connect with Rina: Website | LinkedInConnect with Cameron:

In this episode of FinTech Impact, host Jason Pereira interviews Prashant Fuloria, CEO of Fundbox. They discuss how Fundbox is revolutionizing access to capital for small businesses by providing financing solutions embedded into existing workflows and digital tools. Prashant explains their approach to reducing friction in financing, the types of products they offer, and how they leverage data and AI for better underwriting decisions. They also explore Fundbox's growth strategies, including product expansion, partnerships with banks, and geographical expansion, and touch upon the challenges and future of small business financing. Hosted on Acast. See acast.com/privacy for more information.

How is fintech reshaping SMB lending?! Fundbox CFO Renuka Nayani shares exclusive insights on the future of SMB financing, macroeconomic headwinds, and how fintech is transforming access to capital. Don't miss this deep dive on the Fintech Newscast! https://fundbox.com Click Subscribe to keep up to date on the world of fintech!  Reach us at info@fintechnewscast.com or … Continue reading Ep 255- Fundbox CFO Renuka Nayani

In today's episode, Kimberly Zhang hosts Prashant Fuloria, the CEO of Fundbox – an embedded working capital platform transforming the way small and medium-sized businesses access and manage capital. With a career spanning leadership roles at Google, Facebook, and Yahoo, Prashant brings deep expertise in product innovation and a passion for empowering SMBs through smarter financial solutions. Tune in to hear about: - What sets Fundbox apart as a seamless, AI-driven embedded working capital platform - How advanced AI and data analytics are reshaping SMB lending - Prashant's personal journey through academia and tech innovation

En este episodio, nos adentramos en el tema del financiamiento inteligente para emprendedores digitales, descubriendo las claves para acceder a capital y escalar proyectos de manera estratégica. Nuestro invitado, Leonel García, presidente de LG Business Capital LLC, cuenta con más de 15 años de experiencia en gestión empresarial y ha ayudado a innumerables emprendedores a obtener los recursos necesarios para hacer crecer sus negocios. Con su conocimiento profundo sobre créditos, préstamos comerciales y gestión financiera, Leonel nos ofrece herramientas prácticas y consejos esenciales para que cualquier emprendedor pueda acceder al financiamiento adecuado y potenciar su desarrollo. Para Leonel, el primer paso para cualquier persona que está comenzando en el mundo digital es construir una base sólida en su crédito personal, resaltando que tener un historial crediticio positivo abre puertas en las instituciones financieras. Nos recomienda que, al abrir una cuenta bancaria en Estados Unidos, los emprendedores hablen personalmente con un business management: “Cuando aplicas para una tarjeta de crédito por internet, la credibilidad es muy baja, y por lo general se niegan esas tarjetas a los usuarios por no haber ese contacto humano”, destaca. La interacción directa con el banco, además, puede facilitar el acceso a líneas de crédito de 20.000 a 40.000 dólares, muchas veces con intereses al 0% por hasta 18 meses, ideal para quienes buscan construir su negocio de e-Commerce sin incurrir en intereses elevados de inmediato. Leonel también subraya las ventajas que hoy ofrece Small Business Administration (SBA), que brinda programas de financiamiento a largo plazo, ideales para emprendedores en crecimiento. “El SBA tiene un programa excelente. Ellos te pueden prestar 50.000 dólares a 10 años y la devolución son con pagos súper bajos”, comenta, detallando que uno de los requisitos es contar con depósitos recientes en la cuenta bancaria que demuestren flujo de ingresos. Para quienes ya han acumulado experiencia en el negocio, SBA puede ofrecer préstamos de hasta 500.000 dólares o más, siempre que el negocio esté consolidado y tenga buenos registros financieros. “Cuando le dices a SBA que quieres consolidar tu negocio, a ellos les encanta y tienes más probabilidad de que te aprueben para que tengas un buen cashflow”, agrega. Para lograr obtener el financiamiento de SBA o cualquier otro banco o financiera, Leonel sugiere llevar una contabilidad clara, por ejemplo, con herramientas como QuickBooks, ya que esto puede facilitar el acceso a financiamiento a través de servicios como Fundbox, que permiten obtener créditos anticipados. “Si gastaste 50.000 dólares en inventario y tienes que esperar dos semanas para que te paguen, es preferible que tengas el capital para reinvertir y al mes duplicar lo que puedes ganar”, señala, remarcando que este tipo de financiamiento asegura un flujo de capital constante sin tener que esperar a los pagos de Amazon, una estrategia que puede ser clave para los emprendedores en crecimiento. Sin embargo, no todas las opciones de financiamiento están disponibles para todos. Leonel enfatiza que el SBA y otras instituciones tienen requisitos específicos, como ser ciudadano o residente permanente de los Estados Unidos, o contar con un porcentaje de socios que cumplan con este criterio si se trata de una empresa con varios dueños. “Es importante que el 51% sean residentes o ciudadanos para que les aprueben el préstamo”, afirma nuestro invitado. Además, recalca que contar con una contabilidad organizada y una estructura financiera clara puede hacer la diferencia al momento de calificar para un préstamo, evitando pagar más de lo necesario por una falta de planificación fiscal adecuada. En conclusión, Leonel nos deja una lección valiosa sobre la importancia de ser estratégico con el financiamiento. Ya sea que estés comenzando tu negocio digital o quieras escalarlo, contar con una estructura sólida en tus finanzas y entender cómo funcionan los diferentes programas de financiamiento te permitirá acceder al capital necesario sin asumir riesgos innecesarios. Con sus consejos, queda claro que obtener capital puede ser el impulso que necesitas, siempre y cuando lo gestiones con inteligencia y visión. Página web: tuayudacomercial.com Youtube: @Tuayudacomercial1 Contacto: +1 407 602 7055

Send us a Text Message.Miguel Armaza interviews Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures, a global fintech-focused fund with offices across Asia, the Middle East, Europe, and the US. Founded in 2012, some of their portfolio companies include Tabby, TrueAccord, Grab, and Fundbox.We discuss:Melissa's early days as a VC investor at VantagePoint Capital where they navigated the dot com crash and later invested in Tesla's Series ABuilding Arbor Ventures and pioneering fintech investing in China, Southeast Asia, and the Middle EastHow Arbor has successfully generated liquidity from fintech investing in emerging marketsWhy real-time payment networks have the potential to transform fintech… and a lot more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary? Check out the Fintech Leaders newsletter and join ~70,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIp

Scott Treloar, Co-Founder & CEO of Novisicent & FundBox.AI, talks about how their platform leverages technology to cost-effectively provide critical infrastructure to new fund managers, which allows them to get started and attract investors faster. Plus, how the FundBox.AI platform can help fund managers get fully registered and launched in 1 month, vs. the usual 6-12 months, and at a fraction of the usual cost. He shares pitfalls to avoid and key considerations for new managers to be successful.If you'd like to be featured on HedgeInterview, please apply here.For fund managers who'd like to be featured on the Manager Profiles series, please apply here.

Come join us to discover all you need to know about Alternative Funding for Your Business: The Pros and Cons During this livestream, Alternative Funding for Your Business: The Pros and Cons, you'll discover … ✅ How to get alternative funding for your business ✅ Why you might want to use alternative funding ✅ How alternative funding isn't perfect… ✅ ...but is can work better than traditional funding in some situations ✅ What the signs of predatory lenders ✅ How to avoid predatory lenders ✅ How alternative lenders like Accion, Streetshares, Fundbox, and Kiva can help you meet your funding goals even if you don't have a great credit score ✅ Why the Credit Line Hybrid is a great option for flexible, alternative business funding ✅ How to get the Credit Line Hybrid... ✅ ...and how it can help your business grow and thrive WOW, that's a lot of great info we'll be covering in this one hour live event. ALL will be revealed on this livestream Alternative Funding for Your Business: The Pros and Cons, register now… spots are limited!

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Michal Cieplinski discusses Fintech Michal Cieplinski is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School. Dr. Efi Pylarinou is the No.1 Global Woman Influencer in Finance & the Data conversation by Refinitiv, a Top Thought Leader by Onalytica, and a Top Digital Futurist, Linkedin and Twitter Voice, by Engatica. A seasoned Wall Street professional & a recognized technology thought leader on innovation topics. Founder of Efi Pylarinou Advisory servicing Big Tech, Financial Services and Fintech clients. She strongly believes in building bridges between the old and the new economy. She shares her passion of content creation with her 190,000+ followers on Linkedin and 18,000+ on Twitter. Join her on the social platforms ?https://linktr.ee/Efiglobal See more podcasts here.

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Capstack https://www.capstack.com/Michal Cieplinski   / michalcieplinski   is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School.

Danielle Shaul was born and raised in Tel Aviv, as an only child with a dog she dearly loved. She has always been passionate about building and creating things, often assembling and disassembling things in her home. She loves to travel, and spent many years in Asia, Europe and in the US. Outside of tech, she likes ceramics and reading - specifically, biohacking, mindset books, or learning to become a better leader. When asked her favorite food, she says her Mom's - who can cook anything well.Prior to her current startup, Danielle had to create home grown solutions for financial workflows - cause back then, when she was at Fundbox, software for these workflows didn't exist. Her and her co-founder clicked over the idea to build the software that she wished she had.This is the creation story of Nilus.SponsorsCipherstashTreblleCAST AI FireflyTursoMemberstackLinksWebsite: https://www.nilus.com/LinkedIn: https://www.linkedin.com/in/danielle-shaul-735b1b92/Support this podcast at — https://redcircle.com/code-story/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of Explore, I sat down with Basile Senesi, the Chief Revenue Officer

Si buscamos financiar un negocio online tendremos que hacer un plan de financiación, que es la herramienta que nos permitirá describir cuáles van a ser las fuentes y los tipos de financiación empresarial que vamos a necesitar en nuestro emprendimiento. Cuando ya tengamos claro cuánto dinero necesitamos para poner en marcha nuestro e-Commerce, entonces debemos estudiar detenidamente cómo financiar nuestro negocio. Existen muchas formas de hacerlo pero, para no cometer errores, en este episodio contamos con la guía de Leonel García, un profesional con más de 15 años de experiencia en gestión empresarial. Actualmente es presidente de LG Business Capital LLC, que brinda préstamos comerciales para organizaciones y proyectos de todos los tamaños y tipos. “Hay muchos programas de préstamos, pero se dividen en dos categorías: De 0 a 2 años y más de 2 años. Cuando la compañía tiene dos años se abren muchas opciones, aunque también depende de cuánto se genere por mes”, describe Leonel, y aclara: “Si vas a comprar equipos que tú conservas, hay un tipo de financiamiento. Para el financiamiento de mercancía ya es diferente”. “Para que no esperes uno o más meses, hay compañías de ‘factoring' que te prestan el dinero, te lo adelantan, y cobran entre el 1 y 3 por ciento, pero la persona ya tiene el cashflow. Hay programas que no son tan formales pero, si la persona quiere tener financiamiento, yo aconsejo que siempre haga bien su contabilidad y se una a ciertas plataformas, como Kabbage y Fundbox, y puede ir pidiendo dinero en varias de ellas”, desarrolla nuestro invitado. Según Leonel, la técnica “más común”, que es “el peor error”, es financiar nuestro negocio con un crédito personal. “El problema es que no fue hecho para financiar compañías. Si tienes una tarjeta de crédito personal y llegas al 30 por ciento, tu crédito se va al piso. Y cuanto más usas tu crédito personal, no lo vas a poder pagar y los bancos te cierran todas las opciones. En cambio, si creas crédito comercial a nombre de tu compañía es todo lo contrario, porque no se refleja en tu crédito personal y, si llega al 100 por ciento, ellos no lo ven mal, porque piensan que estás teniendo buenas ventas y te abren el crédito”, explica nuestro especialista. Por otro lado, existen los famosos préstamos SBA, que son sólo para los residentes o ciudadanos de Estados Unidos. “Se pueden usar para muchas cosas. El préstamo 7(a) del SBA es el más versátil. Aunque es un solo nombre, tiene muchos programas. Si ya tienes un negocio y necesitas financiamiento para seguir adelante, tienes que tener al menos dos años de impuestos ya hechos. Son impuestos con ganancia, pero si se fue a pérdida y fue por depreciación o salario del dueño, eso se suma de vuelta. Puede que alguien esté en cero en los taxes pero cualifique para un préstamo SBA. Aunque quieren ver dos o tres años de taxes que sean estables o que vayan progresando”, comenta nuestro invitado, y agrega: “Lo que mucha gente puede hacer es consolidar las deudas del negocio, porque los de SBA, si es solamente cash, pueden darte 10 años, y si es con bienes raíces pueden darte hasta 30 años y con buenos intereses”. El tiempo de demora para la aplicación de los SBA “depende de la industria, la compañía y cuán complejo es el préstamo, pero es entre tres y cinco semanas”, confirma Leonel. El resto de los créditos tradicionales para un negocio toman un tiempo formal y pueden tardar generalmente de tres a seis meses. Si queremos tener préstamos más rápido, su costo es más caro. “Si puedes esperar un tiempo vas a tener algo más útil, y muchas veces las tarjetas te las dan al 0 por ciento por doce meses, que eso es mejor que cualquier préstamo”, recalca Leonel. Existen algunos tipos de negocios que son mejores que otros para adquirir préstamos. Prácticamente todos pueden hacerlo, “con la excepción de ciertas industrias de alto riesgo, como las de bienes raíces”, afirma Leonel. “Los de e-Commerce no se consideran de alto riesgo, pero lo que ellos quieren ver es una consistencia en las ventas”, sostiene. Cuando decidimos pedir un préstamo, hay ciertas situaciones que debemos evitar porque pueden ser mortales para la empresa. “El primero es que tu cuenta nunca se vaya a menos de cero, es decir, tener un flujo de caja positivo. Todos los bancos miran eso”, asegura nuestro especialista. “Por otro lado, están las tarjetas de crédito. Si el total tiene un 20 por ciento, pero hay una tarjeta pequeña de unos mil dólares que está hasta el máximo, eso te ‘tranca' todo el crédito”, asevera. Otro error que debemos evitar es pedir préstamos para nuestros gastos personales y no para el negocio, y esa situación se complejiza cuando estamos comenzando con una nueva empresa. “Les aconsejo que sigan trabajando mientras forman su crédito o compañía, porque he visto personas que caen en una crisis y luego pedir otro préstamo no va a ser tan fácil”, advierte Leonel. El pedido de un préstamo debe estar acompañado de buenas razones, y la principal es el crecimiento del negocio. “Si las personas ya están en pérdida y saben que no hay rescate, quieren coger más dinero para retrasar lo que es inevitable”, lamenta Leonel, por lo que “uno tiene que ser sincero”: “Si su negocio tiene futuro, hay que conservarlo, sino hay que cambiarlo”, expresa. Asimismo, hay préstamos que no son convenientes para elegir, ya que “son muy agresivos y, si no tienes ayuda, son muy difíciles” de afrontar. Hay préstamos en los que la empresa “firma muchos derechos que los pierden durante el proceso de contrato y sin darse cuenta”. “Esos préstamos son pagos diarios y son bien altos, y el tiempo es muy importante. Hay veces que 30 días es demasiado tarde y hay que accionar rápido”, alerta nuestro invitado. Hay programas cuya especialidad es sacarnos de esos préstamos mediante planes de refinanciación. En el caso de que tengamos varias compañías, tenemos la posibilidad de sacar un préstamo por cada una de ellas, porque mantienen su independencia. “Cada compañía tiene un máximo de 5 millones de dólares para un préstamo de SBA, que puedes coger por partes, pero que no pase los 5 millones de dólares. Si te lo dan este año por 10 años y tu negocio crece, puedes coger otro para el siguiente año hasta los 5 millones”, informa nuestro invitado. Generalmente, para cualquier tipo de préstamo, “los bancos siempre quieren ver que tus ganancias sean 20 por ciento más que tus gastos”. “Si vas a refinanciar, eso va a hacer que tus gastos bajen. Hay personas que adquieren préstamos de SBA y están con las deudas bien altas, porque son pagos muy cortos, pero cuando lo extienden a 10 años, su DSCR es mucho mejor y hace que cualifiquen para más cantidad, si piden que primero se consolide lo que ya deben”, finaliza Leonel. Página web: tuayudacomercial.com Youtube: Tu ayuda comercial

Join us for a conversation with Prashant Fuloria, CEO of Fundbox, a working capital platform for small businesses. Did you know that 82% of small business failures are because of a cash flow gap or a working capital challenge? That's where Fundbox comes in: to create solutions that level the playing field for small businesses and help them succeed. Although automation and user simplicity is essential to their product development, customer engagement is critical to the Fundbox mission to provide relevant solutions that help their customers focus on growing their business. It's clear that Prashant is passionate about what he does and making a difference for his customers. Listen in to learn more!

How can small businesses find success with funding? Prashant Fuloria, CEO of Fundbox, shares his insights on how short periods of reliable funding can boost capital and keep small business owners focused on their crafts. Tune in to learn more about Fundbox's data innovation and how building customer relationships can help customer retention.Tune in to learn:What Fundbox is and how it helps small businesses (1:40)How Fundbox creates strategies to help solve funding problems (15:20)About Fundbox's unique customer loyalty strategy (28:10)IT Visionaries is powered by Salesforce Platform and Dreamforce. Did you know all the very best Dreamforce sessions are available free on salesforce.com/plus ? We recommend watching the Platform and MuleSoft keynote to get the down-low on doing more with less and increasing efficiencies with automation.Mission.org is a media studio producing content for world-class clients. Learn more at mission.org.

On this week's show we discussed big news from the Consumer Financial Protection Bureau, Marqeta, Adyen, Cross River, Andreessen Horowitz, Domain Money, Fundbox, LendingClub and more.

In der Mittagsfolge sprechen wir heute mit Hanna Asmussen, CEO und Co-Founder von Localyze, über die erfolgreich abgeschlossene Series-B-Finanzierungsrunde in Höhe von 35 Millionen US-Dollar. Localyze hat eine Softwarelösung entwickelt, die alle Aspekte der Mobilität von Mitarbeitenden vereinfachen soll. Diese reicht in ihrem Umfang von internationalen Relocations bis hin zu temporären Versetzungen. Die All-in-One Lösung hilft HR-Teams bei den administrativen Herausforderungen, die den steigenden Anforderungen von Mitarbeitenden an die Standort-Flexibilität gerecht werden müssen. Zum Angebotsportfolio gehört somit auch die Automatisierung von Visums- und Anmeldungsprozessen sowie die Unterstützung bei der Einrichtung eines Bankkontos oder dem Abschließen einer Versicherung. Localyze wurde im Jahr 2018 von Hanna Asmussen, Lisa Dahlke und Franzi Löw in Hamburg gegründet. Seit der Series-A-Finanzierungsrunde im Jahr 2021 hat sich der Umsatz des Unternehmens versechsfacht und der Kundenstamm mehr als verdreifacht. Bis 2030 möchte das Unternehmen 100 Millionen Menschen ermöglichen, über Grenzen hinweg zu arbeiten. Nun hat das Software-Startup bekanntgegeben, dass es in einer Series-B-Finanzierungsrunde unter der Führung von General Catalyst 35 Millionen US-Dollar eingesammelt hat. General Catalyst ist eine Risikokapitalgesellschaft, die Frühphasen- und Wachstumsinvestitionen in Unternehmen tätigt, die einen positiven Einfluss auf die Gesellschaft haben. Zum Portfolio gehören u.a. Airbnb, GitLab, Kayak, Deliveroo, Spinny, Snapchat, Qumas, Highfive, Fundbox, Cozy, Big Fish, AiDoc und Stripe. Zudem beteiligten sich u.a. auch der Visionaries Club, der Web Summit Fund, Frontline Ventures sowie Business Angel und CEO von Remote namens Job van der Voort an der Serie B. Das Global Mobility Unternehmen möchte bis Ende des Jahres in die USA und Kanada expandieren und im Jahr 2023 die ersten Länder in Asien erschließen. Neben der Marktexpansion wird Localyze auch stark in die Produktentwicklung investieren, um die Userexperience weiter zu verbessern. Um diese ambitionierten Ziele zu erreichen, initiierte Localyze die Übernahme von Trueplan, welches ein Portfoliounternehmen von Lead Investor General Catalyst ist. Die neu dazugewonnenen Mitarbeitenden aus den Engineering- und Sales-Abteilungen werden das Hamburger Jungunternehmen dabei unterstützen, das Produkt zu verbessern und den US-Markt zu erschließen. One more thing wird präsentiert von OMR Reviews – Finde die richtige Software für Dein Business. Wenn auch Du Dein Lieblingstool bewerten willst, schreibe eine Review auf OMR Reviews unter https://moin.omr.com/insider. Dafür erhältst du einen 20€ Amazon Gutschein.

In this conversation, we chat with Prashant Fuloria – CEO of Fundbox. With decades of experience in payments and monetization, he has served in a wide variety of leadership, operational, and product roles at prominent technology companies. Prior to Fundbox, Prashant served as SVP of Advertising Products at Yahoo, having joined through the acquisition of Flurry, where he was the Chief Product Officer. He also served as Senior Director of Product Management at Facebook, where he led the company's advertising and payment product efforts, and Product Director at Google, where he built their global payment platform and managed all of Google's products for the APAC region. Prashant received a B.Tech. in Chemical Engineering from the Indian Institute of Technology Delhi. He also holds an MA in Business research; an MS in Statistics; a Ph.D. minor in Engineering-Economic Systems & Operations Research; and a Ph.D. in Business, all from Stanford University.

על יזם שהפך למשקיע, ואיך הפגנת אנושיות, פגיעות, ואמפתיה הופכים אותך גם ליזם וגם למשקיע טוב יותר    באותה צניעות וחוכמה שמאפיינת אותו, יובל משתף על הדרך הייחודית של הקריירה שלו על כל פיתוליה, על הקווים והערכים המרכזיים שהנחו אותו להצלחות גדולות וגם להתמודדות עם הקשיים שהגיעו במהלך הדרך, על המקום של מזל לעומת נתונים טובים בהגעה לתוצאות והצלחה, ומה קורה כשדברים לא הולכים לפי התכנית - בקריירה ובחיים האישיים - "דברים בדרך כלל לא הולכים לפי התכנית. זה עקרון מנחה בקריירה - 'בתאוריה אין הבדל בין תאוריה ופרקטיקה, אבל בפרקטיקה זה לא נכון."

In der Mittagsfolge begrüßen wir heute Julian Lindinger, Co-Founder von PowerUs, und sprechen mit ihm über die erfolgreiche Finanzierungsrunde in einer Gesamthöhe von 10 Millionen US-Dollar. PowerUs hat eine Karriereplattform entwickelt, um technische Fachkräfte aus Ausbildungsberufen dabei zu helfen, ihr Karrierepotential zu entfalten. Dafür bringt die Plattform die qualifizierten Arbeiterinnen und Arbeiter mit Unternehmen zusammen, indem sie eine Kombination aus einem sozialen Netzwerk für Geschäftskontakte und einem Jobportal darstellt. Zudem wurde ein erster kostenloser Online-Kurs gestartet, mit dem Expertinnen und Experten eines anderen Fachgebiets der Einstieg in die Solarbranche ermöglicht werden kann. Weitere Online-Kurse sind bereits in Planung. PowerUs wurde im Jahr 2019 von Julian Lindinger und Konrad Geiger in Berlin gegründet. Das Startup beschäftigt mittlerweile 40 Mitarbeitende und möchte weiterhin personell wachsen. In einer Series-A-Finanzierungsrunde hat das Berliner Startup nun 10 Millionen US-Dollar eingesammelt. Der Risikokapitalgeber General Catalyst, der u.a. Airbnb, Canva, GitLab, Hive, Big Fish (Exit), Hubspot (Exit), Snap (Exit), Almanac, Anduril, Blade, Casana, Cityblock, Cozy, Empathy, Fundbox, Fractyl, Hometap, PathAI, Rapyd, Snackpass, Deliveroo und Stripe in seinem Portfolio hat, führte die Finanzierungsrunde an. Der Wagniskapitalgeber HV Capital, der u.a. in Delivery Hero, Hello Fresh, Zalando, Penta und Flixbus investiert hat, sowie das US-amerikanische Gründerzentrum Y Combinator haben sich ebenfalls als Bestandsinvestoren an der Serie A beteiligt. Des Weiteren haben sich auch Business Angels, wie u.a. Carsten Thoma, Mathis Büchi Ginzbourg, Philipp A. Pausder, Tomer London, Ben Shanken und Christian Hülsewig den VCs angeschlossen. Unter den investierenden Angels befindet sich auch Mario Götze, der u.a. bei Finanzierungen der Startups Pile, Knowunity, Virtex Stadium, Junto, Freeverse.io, Fancurve, Codesphere und Meine Erde beteiligt war. Mit dem frischen Kapital möchte das Berliner Startup hauptsächlich neue Talente einstellen und sein starkes Wachstum weiter voranbringen.

Welcome loyal listeners to another episode of The Loyalty Minute, I'm your host Rob Gallo and today I am excited to chat with Prashant Fuloria. Prashant became CEO of Fundbox in 2020, after serving as COO and CPO. He joined Fundbox in 2016 from Yahoo, where he was SVP of Advertising Products. Prashant came to Yahoo through the acquisition of Flurry, then the world's largest mobile analytics platform, where he was CPO. Before Flurry, he was Senior Product Director at Facebook, responsible for advertising products and monetizing the Facebook platform. Prior to that, Prashant was an early product leader at Google where he built the company's global billing and payment network and ran all products for the APAC region. Please welcome to the show Prashant, thanks for joining me For those loyal listeners out there who don't know who you are or what you do, perhaps you can share a bit of your story and background. --- Send in a voice message: https://anchor.fm/rob-gallo/message

Hany is a Product Lead at Fundbox, a fintech company providing an embedded working capital platform for small businesses in the US market. She currently leads two of the company's core product domains: the customer experience and journey of Fundbox's credit products, as well as Fundbox's innovative Payments products, focusing on B2B Buy Now, Pay Later solutions. Hany's passionate about building new products and exploring innovations that drive more engagement, delight customers, and establish product market fit. Hany lives in Tel Aviv with her partner, daughter and furry daughter. When she's not busy solving customer needs, Hany enjoys crossfit, surfing, hiking and traveling.

Marten Abrahamsen, CFO of FundBox says that small business resiliency can help us weather these challenging times. He gives tips for surviving in a recession and funding your business cash flow - https://www.smarthustle.com/fundbox-tips

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Using Data in New Ways For Better Loan Decisions. Speaking at this session are Pete Lord, Codat, Adrian Congiu, Silicon Valley Bank,  with Laurent Nizri, Paris Fintech Forum.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: BNPL for Business: A Massive and Complex Opportunity. Speaking at this session are Prashant Fuloria, Fundbox, Vanessa Colella, Visa, Jason Lakey, TransUnion, Jann Parish, GLU Girls Like You with Moderator: Peter Renton, Fintech Nexus.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: The State of Small Business Lending Post Pandemic. Speaking at this session are Ryan Rosett, Credibly, Jim Granat, Enova,  with Moderator: Denada Ramnishta, Lendio.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: How Fintech is Solving the Unique Needs of Freelance Workers. Speaking at this session are Oz Alon, Honeybook, Jared Kogan, Giggle Finance, Kristen Anderson, Catch, Lilac Bar David, Lili with Nicole Casperson, Workweek.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Creating a Virtuous Fintech Ecosystem for Small Businesses. Speaking at this session are Rob Daniel, Intuit, Cetin Duransoy, Fundbox, Luke Voiles, Square Banking, Tui Allen, Shopify with Moderator: Brock Black, Lendio.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Fintech and The Coming Explosion in B2B eCommerce. Speaking at this session are Alek Koenig, Settle, Ashish Jain, Slope, Manolo Atala, Fairplay, Scott Galit, Payoneer with Moderator: Jacob Haar, CIM.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: SMB lending: Adapt to succeed. Speaking at this session are Robin Smith, Mambu, Chris Scislowicz, Accenture,  with Moderator: Glenn Goldman, Plurall.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Lending to Micro-businesses: The Most Underserved SMB Market. Speaking at this session is Sean Salas, Camino Financial,  with Moderator: Jacob Haar, CIM

Today on the Future of Fandom, we explore an explosion of entrepreneurialism. On this episode, we chat with Fundbox about how to build and retain communities of small businesses and its similarities with consumer efforts via their Head of Brand and Content Marketing, Cameron Maxwell. Think about it for a moment. How many people that you know, have started up a side hustle over the last few years? The truth is, small business is on the rise, and Cameron has a front seat as to how those businesses are being built and supported. We also talk about how to market when small businesses and consumers become indistinguishable. After all, on the small side of small business, we're essentially just talking about people. Thus, a fandom can be achieved even in a B2B context, and Cameron explains how. So let's all put on an entrepreneurial hat and predict the future with Fundbox and Cameron Maxwell. Check out The Future of Fandom, a podcast by LiveLike, wherever you get your podcasts. We hope that you become a fan! Join the podcast! https://livelike.com/podcast/ Learn more about LiveLike: https://livelike.com/ Follow on LinkedIn: https://www.linkedin.com/company/livelike/ Follow on Twitter: https://twitter.com/LiveLikeInc Hosted by Adam Conner. The Future of Fandom is powered by Authentic Avenue.

In this episode, we speak with Prashant Fuloria, CEO of Fundbox, a financial platform for small businesses.  The company has connected with nearly 300,000 businesses, unlocked over $2 billion in working capital, and invested over $100 million into its AI platform, gaining deep insights into the small business ecosystem. Fundbox is backed by Khosla Ventures, General Catalyst, Healthcare of Ontario Pension Plan, MUFG Innovation Partners, BNY Mellon, Allianz, and others. Prior to joining Fundbox as COO in 2016, Prashant served as SVP, Advertising at Yahoo! and Chief Product Officer at Flurry.  He was also the Senior Director of Product Management at Facebook and a Product Management Director at Google. We hope you enjoy the show.

The contemporary business world depends on in-depth and high-quality data analysis. But it seems like many departments don't have adequate time or tools to focus on data.In a study conducted by Mosaic, only 14% of surveyed finance leaders said they used cohort analysis. Therefore, it is critical to determine the reasons behind this small percentage and offer solutions.In this episode of The Role Forward, host Joe Michalowski welcomes Steve Groccia, the Head of Customer Operation at Mosaic. Steve and Joe discuss the reasons finance leaders don't use cohort analysis. Steve also explains the difference between segment-based and time-based cohort analysis and the steps in the process. Guest-at-a-Glance

Randi Lee is the head of product marketing at Fundbox shares how to build a mighty product marketing team and how to pursue a product marketing career and more! TIPM is produced by Feedback Loop, the research platform designed for products and marketing teams. Get access at https://go.feedbackloop.com/start-free-now-tipm to a free trial today. 

Our guest today is the Chief Operating Officer of Fundbox, Cetin Duransoy. In this role, Cetin is responsible for managing and growing the core credit business, as well as building and expanding the company's product platform. Cetin joined Fundbox from Visa, where he served as the company's Head of Global Installment Products and led a […] The post Ep. 204 – Fundbox COO, Cetin Duransoy appeared first on COO Alliance.

Our guest today is the Chief Operating Officer of Fundbox, Cetin Duransoy. In this role, Cetin is responsible for managing and growing the core credit business, as well as building and expanding the company's product platform. Cetin joined Fundbox from Visa, where he served as the company's Head of Global Installment Products and led a […] The post Ep. 204 – FundBox COO, Cetin Duransoy appeared first on COO Alliance.

Michal Cieplinski is the Chief Business Officer at Pipe. He has also spent time as General Counsel and CCO at Fundbox as well as a Senior VP at the Lending Club, among other roles.He describes himself as a lawyer who has never really been a lawyer - meaning that “no” is a rare answer for him to give his fast-moving colleagues.In this episode, we discussed the important role that a CBO plays at a high growth tech company. Michal shares tips on building legal teams, hiring speed for the rest of the org , and why you should hire for a plan, not a problem.For anyone thinking deeply about their team's legal function, this should be a great one.---Execs is a show for founders, operators, and pioneers who want to understand the playbooks, frameworks, and tactics that leading tech companies today have used to scale.  To engage further:Check out the On Deck job boardShare your thoughts with us on Twitter:Hosted by: @eriktorenbergGuest: @m_cieplinskiProduced by: @jacksonstegerBrought to you by: @beondeck

In unserem monatlichen Überblick kommt hier unsere News-Rückschau für den Dezember 2021.

The biggest #fintech stories of the week featured Jack Dorsey. Square, Capital One, New York Community Bank, Figure, David Marcus, SoFi, Thought Machine, Fundbox and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Randi is in year two of leading PMM at Fundbox, a company whose mission is to help small businesses manage outstanding receivables and get paid on time. Randi and JD discuss her passion for being a part of companies that are moving from adolescence to maturity, how she has built and scaled her PMM team, managed cross functional relationships, gained headcount, allocated each individual, and showcased a spirit of entrepreneurship. Connect with Randi on LinkedIn.Join Randi on Sharebird.Questions covered in this interview: What is it like to own product marketing? What do you look for in a company/team/role? How did you evaluate the risk of a new role? What are some of the challenges early on? What about now? What are some of the thrills (highs) and chills (lows) of your product marketing career?

It's easy to imagine politicians and traditional lenders as old school Chatty Kathy dolls… you pull the string and utterances about the importance of small business come out of their mouths. You might hear: “Small businesses are the foundation of this country,” or, “small businesses are America's engine.” There's a reason that politicians, and lenders like banks, at least pay lip service to the importance of small businesses. It's because there are 31.7 million small businesses in the United States and they comprise 97.5 percent of exporters. Small businesses are America's economic engine — that's a fact. But, historically, they have had difficulty securing money from lenders. Oftentimes, they aren't really acknowledged at all by the big banks and if they are, they are treated as economic tools for growth rather than as equals. But what if a fintech company came along that respected small businesses as partners; that quickly and accurately measured them for their true value, and then worked to efficiently provide them the resources they needed, even before they actually needed it? Cetin Duransoy is the Chief Operating Officer at Fundbox, which he describes as a fintech company that has small business etched into its genetic code. It serves almost 300,000 clients and uses the power of digitization, data science, and A.I. to form relationships with small businesses and ensures that they have the loans and lines of credit they require to operate successfully. Even though many politicians and lenders extol the virtues of small businesses, what is Fundbox's special X factor that helps it not only talk the talk but walk the walk? What is it that keeps Fundbox in that pocket seeing itself as a tool for clients rather than clients as a tool for the company? Find out on this episode of Business X factors.Main takeaways: Partners are the Key: Strong partnerships with other companies or small and medium-sized businesses can help to scale businesses to new levels. For startups that tend to have a solid grip on innovation but struggle to reach key markets, it is important to have partners. A McKinsey study identified principles for successful partnerships, such as commitment and attention on both sides; bridging cultural and technological differences; pilot projects to find the sweet spots; key performance indicators should be defined and monitored; and, the focus should be on joint product development rather than general programs. The Little Mistakes Matter: Charlie Munger of Berkshire Hathaway said in one of his shareholder letters, “It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid.” CEOs often focus on avoiding the big mistakes, but it is not just about avoiding the whoppers; it is execution or avoiding mistakes at every level, including at the micro-level that affects customers' experience. Solving issues or ensuring execution at micro-levels do contribute to success or failure. Getting them right can lead to something greater down the road. Work Back from Customers' Needs: Many companies figure out what to do next by building on what they're really good at doing. George Bezos called it a “skills-forward approach” in one of his shareholder letters. The skills-forward approach says, “We are really good at X. What else can we do with X?” But this approach would not lead to developing fresh skills and give customers what they really want. To take your business to the next level, start by thinking about what customers want or need, and work backward to determine what you can build. When Amazon developed the Kindle, the company used this approach, hiring people with the right skills to engineer a device that customers needed rather than creating a product out of their existing skills. ---Business X factors is produced by Mission.org and brought to you by Hyland. For over a decade, Hyland has been named a Leader in the Gartner Magic Quadrant for Content Services Platforms, leading the way to help people get the information they need when and where they need it. More than half of 2019 Fortune 100 companies rely on Hyland to help them create more meaningful connections with the people they serve. When your focus is on the people you serve, Hyland stands behind you. Hyland is your X factor for better performance. Go to Hyland.com/insights to learn more.

IN THIS EPISODE, WE COVER: [2:03] – Intro to Basile Senesi [3:22] – Aligning personal success with a company's success [4:37] – Different learning principles [5:10] – Diversity of opinion [9:17] – Basile's biggest lesson learned [9:50] – The importance of tough conversations [12:29] – Basile's hardest decision [16:04] – Assuming positive intent  MORE ON BASILE:Basile Senesi is the Chief Revenue Officer at Hum Capital. Prior to Hum, he spent 10 years in fintech as VP of Sales and Operations for Fundbox helping it reach a $1.5B valuation, as a sales leader at Intuit, and as an advisor to a number of high-growth startups. Basile holds two bachelor's degrees in economics and political science degrees from the University of California, Davis.MORE ON RAMPED: Check us out at www.rampedcareers.com Interested in becoming a Ramped Professional? Sign up here: https://rampedcareers.com/candidate-form/ Interested in becoming a Ramped Corporate Partner? Email us at sales@rampedcareers.com

בפרק של השבוע ראיינתי את אביעד (אבי) איל, מייסד ושותף-מנהל בקרן אנטרה קפיטל (Entrée Capital), המנהלת למעלה מ-650 מיליון דולר בשש קרנות והשקיע במאות חברות סטארטאפ בכל העולם, ובין היתר בסטארטאפים ישראלים וגלובליים מצליחים כמו monday.com, Riskified, Rapyd, Cazoo, Coupang, Snapchat, Breezometer, Deliveroo, Fundbox, Glovo, Postmates ורבים אחרים.  שוחחתי עם אבי על הרקע שלו כיזם ומשקיע סדרתי ועל האופן בו הוא מאתר יזמים מצליחים עוד בשלבים המוקדמים, וספציפית - על ההשקעה הראשונה שלו במאנדיי.קום, ועל מדוע הימר על החברה פעם אחר פעם כאשר משקיעים אחרים לא היו מעוניינים להשקיע בה. ** (*) תודה לחברת מיקסטיילז, סטארטאפ המציע אפליקציה שבאמצעותה ניתן לרכוש תמונה מודפסת וממוסגרת לתלייה, מתוך מאגר התמונות האישי בסמארטפון (https://mixtiles.com/), אשר ממשרדיה אנו מקליטים את הפרקים שלנו. (*) עקבו אחרינו ב"עוד פודקאסט לסטארטאפים" וקבלו פרק מדי שבוע (טוב נו, כמעט): עוד פודקאסט ב-Spotify: https://open.spotify.com/show/0dTqS27ynvNmMnA5x4ObKQ אפל פודקאסט: https://podcasts.apple.com/podcast/id1252035397 גוגל פודקאסט: https://bit.ly/3rTldwq עוד פודקאסט - האתר שלנו: https://omny.fm/shows/odpodcast ה-RSS פיד שלנו: https://www.omnycontent.com/.../f059ccb3-e0c5.../podcast.rss See omnystudio.com/listener for privacy information.

Welcome to Surviving Tomorrow, a podcast, newsletter, and publication that helps you navigate life in an age of democratic destruction, ecological collapse, and economic irrelevance, available for FREE on Substack, Spotify, Apple Podcasts, Facebook, and Youtube.Jeff Bezos controls Amazon. And Whole Foods. And The Washington Post. And IMDB, Zappos, Souq, Blue Origin, Kiva Systems, Alexa, DPReview, Fabric.com, Woot, Goodreads, Twitch, Audible, Elemental, Quidsi, Annapurna Labels, Accept, Living Social, Twilio, HomeGrocer, Bill Me Later, eZiba, BankBazaar, Kozmo, Ionic, Songza, and Wine.com. Plus he has VC stakes in Lookout, Juno, Grail, Workday, Vessel, Domo, Fundbox, Stack Overflow, Everfi, Remitly, Rethink Robotics, General Fusion, MakerBot, Unity Biotech, General Assembly, Business Insider, Google, Uber, Airbnb, and Twitter. And he's working on acquiring MGM. Plus he owns at least eight mansions and 100,000+ acres, a bunch of penis-shaped rockets, and a $500,000,000 hyper-yacht.Bernard Arnault controls LVMH, which has swallowed more than seventy of its competitors, including Dior, Fendi, Givenchy, Dom Pérignon, Loius Vuitton, Moët & Chandon, Marc Jacobs, Stella McCartney, Loro Piana, Princess Yachts, Bulgari, Sephora, and Tiffany & Co.Warren Buffett's Berkshire Hathaway owns massive chunks of nearly fifty companies including Apple, Amazon, Amex, Bank of America, Chevron, Kraft, Mastercard, Sirius, Visa, Wells Fargo, P&G, Johnson & Johnson, Dairy Queen, Fruit of the Loom, GM, Merck, T-Mobile, GEICO, and Coca-Cola, which itself has eaten more than 400 competing drink companies.Blackrock, which owns a piece of 5,480 companies including Apple, Microsoft, Amazon, Facebook, Google, Nvidia, Tesla, JP Morgan, Paypal, Home Depot, Disney, Exxon, Pfizer, Pepsi, AT&T, Nike, Walmart, McDonald's, Costco, and Netflix, just bought Reese Witherspoon's media company for $900 million, adding to its $9 trillion Smaug-like horde.It makes you wonder when monopolists will stop growing larger and larger.And then one day it occurs to you…They will not stop until they are stopped.The factsThere are now 2,755 billionaires on the planet, not including “royalty” and dictators.In the year 2000, they controlled less than $1 trillion.Today, they control more than $13.1 trillion.13.5X in a generation.And they've grown their wealth by $5.5 trillion during the pandemic so far.The world's richest eight men now own more than the bottom 4 billion.On the flip side, there's never been so many people experiencing suffering and deprivation in human history:Systemic inequality pushed 200+ million people into poverty and cost women around the world at least $800 billion in lost income in 2020.690 million people go to bed hungry every night (and the number is rising by 16 million per year.)5.5 million people are moving into slums per month.2.3 million children die from malnutritionment every year.Clearly, there is no limit to the depth of poverty and deprivation to which our global society will allow humans to fall — never forget that millions of children are still trafficked for rape annually and that nine million people die from starvation each year — yet somehow elite individuals are allowed to amass unlimited plenty in a world of deprivation?It begs the question: Is it moral and right for us to allow individuals to hoard extreme wealth in the face of overwhelming widespread poverty, documented democratic subversion, and environmental catastrophe?If humanity saw itself as the global family that it truly is, it would be morally impossible to not limit the amount that one family member could control while another suffered and died.“Earned” wealthIt is impossible for an individual to legitimately earn a billion dollars.If someone earned $100 per hour — more than enough for anyone to live in luxurious comfort — in order to truly earn a billion dollars, they'd have to work 40 hours per week, 50 weeks per year, for five thousand years.So how is a billion dollars actually amassed?By skimming a profit off the backs of untold others:off the workers they employoff the suppliers they squeezeoff the carcasses of the competitors they destroy with monopolyoff the planet they unsustainably extract fromoff the governments from which they gain subsidies and advantagesoff the stable societies they sell to while evading taxationoff the democracies whose rules they change at willoff the shareholders they dupeHow is the ability to skim achieved? Through unfair advantage and privilege.It is impossible to “work hard, save, and invest” your way to a billion dollars.Let's be crystal clear: billionaires don't “create jobs.” They extract value — time, talent, creativity, effort — from others at an industrial scale.Decentralize everythingHere's a short thought experiment.Which is better: 2,755 billionaires and their $13.1 trillion, each monopolizing roughly one industry apiece and subverting democracy, or 131,000 centa-millionaires in competition?How about 1,310,000 deca-millionaires?Or 13,100,000 millionaires?13.1 million millionaires would do far more for the economy in terms of spending, hiring, diffusing power, avoiding democratic destruction, increasing competition, and sparking innovation.Are there truly enough benefits to the global population to merit supporting the costs of maintaining billionaires? Surely not. No rational person can make the argument that 2,755 billionaires are globally preferable to having 13.1 million more millionaires, or 131 million more workers each controlling a $100K stake in the businesses wherein they constitute all of the wealth-creation.“But those poor billionaires are just rich on paper!”Sychophants for the ultra-elite are quick to cry out that most billionaires don't actually have $1,000,000,000+ sitting in a Scrooge McDuck-style vault. Their wealth is usually tied up in shares of the companies they almost always undemocratically control.But these people don't understand how billionaires work.Billionaires borrow colossal amounts of cheap debt against those paper shares, and let inflation devalue that debt over time.So you and I — the real taxpayers in society — end up footing the bill as the money-printing machine devalues our actual-earned money.We need a more equitable pre-distribution of ownership, wealth, and opportunity.Mathematical doomI believe — as do most of the working masses and the desperate poor — that it is morally wrong and utterly inhumane to be a billionaire whilst millions starve and billions suffer.Full stop.To paraphrase the Bible: “The poor will always be among us because the rich will always be above us.”The world and planet can't afford to support billionaires anymore.Corporatism is a gross inefficiency and major source of economic inequality; it is anti-democracy; it is ecological unsustainability.We should replace it with an economy of sole proprietors, partnerships, cooperatives, not-for-profits, and for-benefits — all the wealth to all the workers — massively diverse, all competing and cooperating and innovating within a body of economic law that enforces ecological sustainability (as defined by biology) and economic fairness (as defined by real democracy.)If we don't, we're mathematically doomed.Charting our trajectory to zeroWhen will billionaires stop amassing more wealth?The answer is clear:They won't.Our total global wealth is currently $431 trillion.In the past twenty years, billionaires have grown their wealth by 13.5X, to $13.1 trillion, far outpacing the poor and total growth in global wealth.At their current pace, billionaires will control $176 trillion in twenty years and $2.3 quadrillion in forty.You read that right: If we do not stop them, billionaires will control the entire globe's resources within our lifetime.From there, it's simply a game of thrones to determine which few families will survive.In the winner-take-all economy, elites will not stop until they are stopped.Why can't voter-shoppers fathom this fact?The solution is frightfully simpleIt's a radical idea that will be common sense to future generations:Individual private wealth must be limited.That's right: No more billionaires.Every dollar over $1 billion in net worth will be taxed at 100% or placed in a commons trust.As one Redditor put it:Once you reach $999,999,999 we give you a plaque that says, “congratulations, you won capitalism,” and we name a dog park after you.A global Billionaire Ban will have wonderful implications for protecting democracy and making the economy more robust and fair. Obviously, democracy can argue over the exact number for our new global limit — 10 million, 100 million, even 1 billion — so long as we agree on the underlying fundamental that private wealth must have an upper limit.Older right-leaning white men will now scream “Communism! Socialism!” while failing to realize this piece is not advocating central ownership or central control of the economy. That's what billionaires are working on.We need to reform our economic system. We need a more equitable pre-distribution of ownership, wealth, and opportunity, and we desperately need democratic limits to protect against monopoly and wealth hoarding.This isn't optional for the survival of our species: it's now required for the survival of all species.We need to move quickly.In the time it took you to read this article, the world's billionaires gained $62 million while sixty people moved into slums and thirty children died of hunger.How many more people must suffer and die before we re-structure the global economy for widest-spread well-being? Get full access to Surviving Tomorrow at www.surviving-tomorrow.com/subscribe

Today, we have an expert in lending and capital markets on the Alt Goes Mainstream podcast to discuss how his company, Pipe, is building a new asset class.Michal Cieplinski is the Chief Business Officer for Pipe, a fast growing fintech company. Pipe has seen a rapid rise over the past year. They are one of the fastest fintech companies to reach a $2 billion valuation – and it's in large part because investors see the potential to build a platform that unlocks recurring revenue as an investable asset class for the world's largest institutional investors.Michal deeply understands the inner workings of credit and lending on both the borrower and lender side from his experiences helping to build Fundbox, LendingClub, and now Pipe.Pipe was born from the idea that entrepreneurs and companies should be able to grow their businesses on their terms – without taking debt or dilution. This was a fascinating discussion with someone who has seen the evolution of a number of lending platforms. Michal and I discussed: Lessons learned from building marketplace fintech businesses. How Pipe is empowering founders to adopt a trader mentality by unlocking recurring revenue as an asset class.  How Pipe is creating an efficient way for companies to turn their predictable revenue streams into a way to access capital without sacrificing dilution. How Pipe is building out both the buy side and sell side of their marketplace. How Pipe handles churn on SaaS contracts of their sell side borrowers. How he thinks about the evolution of Pipe as a platform in terms of the types of assets you would "pipe" and how any sort of recurring revenue stream - like ISPs, streaming services, even PE / VC fund management fees could be "piped." Thanks Michal for coming on the AGM podcast. We hope you enjoy.

Emad ElShawa is the Chief of Staff at Fundbox. On this episode of Aspiring Ops, Emad discusses why his time in Business Ops led to his progression into the Chief of Staff role, and how the alignment between executive leadership and individual contributors allows Fundbox to drive accountability towards achieving company goals.   

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