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In today's episode of Category Visionaries, we speak with Kalpesh Kapadia, CEO and Founder of Deserve, a mobile-first credit card platform powering the future of credit cards. Topics Discussed: Kalpesh's background as a mechanical engineer, his life in India in the 1980s, and his studies in the US How his experiences as a foreign student in the US led Kalpesh to found the company that became Deserve What's different about credit cards like Deserve, that run entirely on the cloud Why 99% of the credit cards still run on infrastructure from the 80s and 90s, and what problem this will be causing by 2025 Working as B2C versus B2B, getting a domain name, and crisis management Favorite book: The Art of Thinking Clearly
The growth of digital banking has also welcomed the emergence of virtual cards. Virtual cards exist only in digital form, in a digital wallet. Say bye to plastic and hello to code. This is a big reason why virtual cards are increasing in popularity – they offer more robust security measures, making it harder for hackers and fraudsters to skirt the system. There's also very compelling business use cases for virtual cards. Corporate expense management might be moving from tediously having to submit all that boring info about that client lunch to just tapping a virtual corporate card with a smartphone. Some have even called this a revolution in business expense management – no more boring time consuming software, now a company can issue however many corporate cards it wants and each card can have its own restrictions. I'm talking about all of this today with my guests Kalpesh Kapadia, CEO at Deserve, a credit-card-as-a-service provider, and Brian Barnes, CEO at personal finance platform M1. Click here to read the transcript of our conversation: https://tearsheet.co/where-credits-due-podcast/where-credits-due-ep-13-the-growing-popularity-of-virtual-cards-with-deserve-and-m1
Kalpesh Kapadia's career spans 25+ years in the US and Asia, primarily in technology and finance. He came to the US over 20 years ago as a young student and struggled to establish his credit profile. In 2013, Kalpesh co-founded Deserve, a cloud-based, API-centric software platform that enables a delightful digital/mobile cardholder experience for consumers, and modern card program management for partners, with a full suite of rewards, reporting, analytics and customer service. Prior to co-founding Deserve he was one of the top analysts/investors in Wall Street's tech sector. In 2004 he was ranked the #1 analyst in the US across all sectors by the venerable Wall Street Journal. In 2005 he founded Equanum Capital and successfully managed it through 2012.He earned an MBA from Tepper School of Business at Carnegie Mellon University where he serves on the alumni board and as a proud member of W.L. Mellon Society. He also holds an MS in Industrial Engineering and Operations Research from the New Jersey Institute of Technology. His personal and charitable interests focus on empowerment through higher education. Kalpesh is a member/supporter of organizations such as Cato Institute, Santa Fe Institute and American Himalayan Foundation.Connect with Behind Company Lines and HireOtter Website Facebook Twitter LinkedIn:Behind Company LinesHireOtter Instagram Buzzsprout
This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Play, Stitcher, Spotify, Amazon and iHeartRadio. In this episode the host John Siracusa chats remotely with Kalpesh Kapadia, Founder & CEO at Deserve, a second-time guest of our show. Deserve offers fair credit products for young people and a cloud-based credit card platform for businesses. Midsize mortgage lenders. Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify, Amazon and iHeartRadio to hear Thursdays episode with Anton Katz from Talos. About the host: John, is the host of the ‘Bank On It' podcast recorded onsite in Wall Street at OpenFin and the founder of the remotely recorded, studio quality standardized podcast production system ListenDeck. Follow John on LinkedIn, Twitter, Medium
This episode was produced remotely using the ListenDeck standardized audio & video production system. If you're looking to jumpstart your podcast miniseries or upgrade your podcast or video production please visit www.ListenDeck.com. You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Play, Stitcher, Spotify, Amazon and iHeartRadio. In this episode the host John Siracusa chats remotely with John Paasonen, Co-founder & CEO at Maxwell. Maxwell is A digital mortgage platform and value-added services designed exclusively for small to midsize mortgage lenders. Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify, Amazon and iHeartRadio to hear next Tuesdays episode with Kalpesh Kapadia from Deserve. About the host: John, is the host of the ‘Bank On It' podcast recorded onsite in Wall Street at OpenFin and the founder of the remotely recorded, studio quality standardized podcast production system ListenDeck. Follow John on LinkedIn, Twitter, Medium
Deserve is building the new credit stack to enable companies to launch credit cards on a digital-first, mobile-centric service.
Welcome to the Tearsheet Podcast. I'm Zack Miller. It’s been a while since we caught up with Deserve, the credit card as a service pureplay. Over the past year, the company has grown and last month, signed a partnership with modern issuer Marqeta. Kalpesh Kapadia joins me on the podcast to talk about where Deserve has come from and where' it's headed. We discuss how the tie up with Marqeta can unlock new use cases for credit cards that we wouldn't have thought possible in the past. Kalpesh also describes how his personal experience as a new student in the U.S. informed founding and launching his fintech firm. Kalpesh Kapadia is my guest today on the Tearsheet Podcast.
Deserve is a next generation analytics-based fintech company. Through machine learning and alternative data, Deserve is helping millennials and Gen Z’s, the next wave of credit owners, gain financial independence through access to fair credit products. --- Support this podcast: https://anchor.fm/georges-khalife/support
About this nugget: This nugget was pulled from episode 248 from an interview with Kalpesh Kapadia, Cofounder & CEO of Deserve. This nugget is on Founder/product fit and recruiting. What is a nugget of the week?: The host John Siracusa has recorded over 300 episodes as the host of the Bank On It fintech podcast where he interviews founders building the future of fintech and the VCS/Angels who fund them. With each interview there’s this wow moment when the person interviewed has shared something really special, unique or a reminder on how founders or investors should think. So, here we are delivering those moments to you in the form of a bite sized nugget. About Kalpesh Kapadia: Kalpesh Kapadia’s is co-founder & CEO of Deserve. Prior to co-founding Deserve he was one of the foremost analyst/investors in Wall Street’s tech sector. In 2004 he was ranked the #1 analyst in the US across all sectors by the Wall Street Journal. About the host: John, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin. He's also the founder of the remotely recorded, studio quality standardized audio production system called ListenDeck. As a fintech, VC, financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry. Stay in the fintech know by subscribing to ‘Bank On It’, Follow John on LinkedIn, Twitter, Medium
One of my favorite presentations last year was one I gave at an event called PayThink in California. I came to learn that there are more events about payments than almost any other topic in financial services. This week, we interview the CEO of Deserve, Kalpesh Kapadia, about the future of payments. He discusses which aspects of how we pay for things will be different and explains how AI plays a role in payment fraud. For more on the applications of AI in financial services, be sure to download our AI in Financial Services Cheat Sheet at emerj.com/fin1.
Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Kalpesh Kapadia from Deserve. Deserve, is a fintech company that is helping millennials and Gen Z’s gain access to fair credit products without even needing a credit history. Tune in and Listen. Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear next Tuesday's episode with Kai Stinchcombe from True Link. About the host: John is the host of the “Bank On It” & “Before the A” podcasts recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry. Follow John on LinkedIn, Twitter or on Medium
Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Dan Schleifer from ChartIQ. ChartIQ, builds lightweight financial applications for capital market institutions, investment banks and retail brokerages. Tune in and Listen. Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear Thursday's episode with Kalpesh Kapadia from Deserve. About the host: John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry. Follow John on LinkedIn, Twitter or on Medium
After 9/11, the Department of Homeland Security declared social security numbers would no longer be issued to incoming foreign students. According to Kalpesh Kapadia, this eliminated the ability of thousands of students to establish credit. So he launched Deserve, a credit card company using a new credit score based on a person’s potential.
Welcome to the Tearsheet Podcast. I'm Zack Miller. The financial system has always struggled with young people. Because the system uses credit history, young people were frequently excluded from credit products because they're new to the system. If you're an immigrant or foreign student studying in the US, it's way worse. Kalpesh Kapadia set out to change a system that was skewed against young people. He's the co- founder and CEO of Deserve, which offers credit cards to college students at 2500 universities in the US. To do this, he's created an analytics-based lending platform that's also branching out into powering credit cards as a service. We talk about how Deserve is able to underwrite credit-thin files and why he thinks his firm is at an advantage when it comes to competing against Marcus's credit products and Apple's new credit card. Kalpesh Kapadia is my guest today on the Tearsheet Podcast.
Kalpesh Kapadia’s career spans 15+ years in the US + 5 years in Asia, primarily in technology & finance. Prior to co-founding SelfScore he was one of the foremost analyst/investors in Wall Street’s tech sector. In 2004 he was ranked the #1 analyst in the US across all sectors by the Wall Street Journal. In 2005 he founded Equanum Capital & successfully managed it through 2012. In ’07 & ’09, Equanum Funds were one of the best managed global equity funds in Barrons.com & Asiahedge rankings. He earned an MBA from Carnegie Mellon University & an MS in Industrial Engineering from NJIT. He came to the US over 20 years ago as a young student & struggled to establish his credit profile. Through SelfScore, he plans to ease the challenges for this deserving but underserved population.
Kalpesh Kapadia’s career spans 15+ years in the US + 5 years in Asia, primarily in technology & finance. Prior to co-founding SelfScore he was one of the foremost analyst/investors in Wall Street’s tech sector. In 2004 he was ranked the #1 analyst in the US across all sectors by the Wall Street Journal. In 2005 he founded Equanum Capital & successfully managed it through 2012. In ’07 & ’09, Equanum Funds were one of the best managed global equity funds in Barrons.com & Asiahedge rankings. He earned an MBA from Carnegie Mellon University & an MS in Industrial Engineering from NJIT. He came to the US over 20 years ago as a young student & struggled to establish his credit profile. Through SelfScore, he plans to ease the challenges for this deserving but underserved population.