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SaaStr 795: The AI Impact on Banking and Finance with CEO and Co-founder at Treasury Prime, Chris Dean Join SaaStr CEO and Founder Jason Lemkin and Chris Dean from Treasury Prime as they delve into the intricate world of Banking as a Service (BaaS) and FinTech. The discussion spans a host of critical topics, including the fallout from Silicon Valley Bank, the complexities of reconciliation, Synapse and Evolve's banking controversy, and the evolving financial landscape. They also explore the resurgence of FinTech, the impact of AI on banking operations, and Treasury Prime's upcoming AI-powered operational tools. A must-watch for anyone interested in the future of banking and financial technology. ---------------------- Alright everybody in SaaS, this is it. The biggest, best, most action-packed SaaS + AI event of the year—SaaStr Annual 2025—is coming this May. Three full days. 10,000+ SaaS and AI leaders and more tactical, no-fluff content than you'll find anywhere else. If you want to scale faster—$10M, $50M, $100M ARR and beyond—you need the right playbooks, the right connections and the right people in your corner. And SaaStr Annual is where it all happens. We'll have 100's of Legendary speakers from companies like Snowflake, HubSpot, OpenAI, Canva, and more. More networking than you can handle—meet your next investor, co-founder, or biggest deal. A New AI Demo & Pitch Stage— with your chance to win up to $5M in funding! So don't wait—grab your tickets now at SaaStrAnnual.com with my code jason100 to save $100 on tickets before prices go up. That's jason 100 at saastrannual.com See you in May! -------------------------------------------------------------------------------------------- Do you know what would make your customer service helpdesk dramatically better? Dumping it and switching to Intercom. But, youʼre not quite ready to make that change. We get it! Thatʼs why Fin, the worldʼs leading AI customer service agent, is now available on every helpdesk. Fin can instantly resolve up to 80% of your tickets, Which makes your customers happier. And you can get off the customer service rep hiring treadmill. Fin by Intercom. Named the #1 AI Agent in G2ʼs Winter Report. Learn more at : inter.com/saastr ------------------------------------
Dan Kimerling, founder and managing partner at Deciens, talks about key principles that shape his current approaches to startup investments. He explains Deciens' strategy of leading financing deals with a concentrated portfolio, allowing for deep partnerships with entrepreneurs. Dan critiques the average venture capital returns and promotes a bold, non-orthodox strategy to achieve exceptional outcomes. He emphasizes the importance of alignment with entrepreneurs and LPs, advocating for a venture capital model that values courage, commitment, and long-term relationships over diversification and transactional interactions.In this episode, you'll learn:[1:48] How growing up in Edison, New Jersey, influenced Dan Kimerling's personal and professional life.[4:07] Deciens' philosophy: Concentrated, bold, partnership-driven investments.[7:42] Founders seek genuine partnerships with VCs.[15:54] Achieving greatness requires personal courage, not group consensus.[18:28] Success in VC means investing in non-consensus deals with a robust framework.[29:28] Strategies for better alignment among VCs, entrepreneurs, and LPs.The non-profit organizations that Dan is passionate about: Albuquerque Community FoundationAbout Dan KimerlingDan Kimerling is the founder and managing partner at Deciens. He is passionate about leading investments in transformative companies at their earliest stages and sits on the board of many Deciens portfolio companies, including Chipper, Therma, and Treasury Prime. He co-founded Standard Treasury, which was acquired by Silicon Valley Bank, where he led API Banking and Global Research. Earlier, he was an analyst at TechCrunch. Dan graduated with honors from the University of Chicago with an A.B. and A.M., studied mathematical finance at Booth, and received several awards. He was named to Forbes' "30 under 30," is a Kauffman Fellow, and is active in the Young Presidents' Organization.About DeciensDeciens is a venture capital firm dedicated to supporting early-stage founders revolutionizing financial services. The firm identifies visionary entrepreneurs at the inception of their journey, offering extensive support beyond funding to realize their visions. Deciens collaborates strategically with industry leaders such as Chipper Cash, Africa's largest fintech; Treasury Prime, a frontrunner in banking-as-a-service; and Therma, an innovator in industrial energy management. Through these partnerships, Deciens champions entrepreneurs driving the digital transformation of traditional institutions.Subscribe to our podcast and stay tuned for our next episode.
Certainty used to be a watchword in finance—until the arrival of crypto, VC madness, regulatory stumbles and the fall of Silicon Valley Bank. Jeff Nowicki, the VP of Banking at Treasury Prime, explains how his company is working to create an environment where banks and fintechs can operate with greater confidence and focus.
The area of fintech that has been in the news most so far this year is, without doubt, banking as a service (BaaS). We have seen consent orders, layoffs, banks ending fintech programs, ongoing disputes between BaaS companies and fintechs and there have been pivots from some of the BaaS providers.My next guest on the Fintech One-on-One podcast is Chris Dean, the CEO and Co-Founder of Treasury Prime. They were one of the original BaaS providers and have recently announced a pivot to working directly with banks. This resulted in the layoff of around half of the company. We do a deep dive into this pivot during our conversation, which took place live at the recent Fintech Meetup in Las Vegas.In this podcast you will learn:How his experience at Silicon Valley Bank led to the founding of Treasury Prime.Their original three lines of business.The driving force behind their pivot to dealing with banks directly.The reaction they have received from their fintech clients.How their direct service works for banks.Why banks will continue to want to partner with fintechs.Details of the process they go through when onboarding a new bank.The different ways that are working with banks today.Why Chris thinks the original banking as a service model is dead.Why banks have been universally positive on their recent pivot.How involved they are with the fintech sales process at the bank.The impact on the fintech startup scene of banks only wanting to work with established fintechs.Their approach to compliance automation.Why he never sees the alternative core banking providers.How Chris sees the bank-fintech partnerships evolving in the long term.How he defines success going forward.Connect with Chris Dean on LinkedInConnect with Treasury Prime on LinkedInConnect with Fintech One-on-One:Tweet me @PeterRentonConnect with me on LinkedInFind previous Fintech One-on-One episodes
The area of fintech that has been in the news most so far this year is, without doubt, banking as a service (BaaS). We have seen consent orders, layoffs, banks ending fintech programs, ongoing disputes between BaaS companies and fintechs and there have been pivots from some of the BaaS providers.My next guest on the Fintech One-on-One podcast is Chris Dean, the CEO and Co-Founder of Treasury Prime. They were one of the original BaaS providers and have recently announced a pivot to working directly with banks. This resulted in the layoff of around half of the company. We do a deep dive into this pivot during our conversation, which took place live at the recent Fintech Meetup in Las Vegas.In this podcast you will learn:How his experience at Silicon Valley Bank led to the founding of Treasury Prime.Their original three lines of business.The driving force behind their pivot to dealing with banks directly.The reaction they have received from their fintech clients.How their direct service works for banks.Why banks will continue to want to partner with fintechs.Details of the process they go through when onboarding a new bank.The different ways that are working with banks today.Why Chris thinks the original banking as a service model is dead.Why banks have been universally positive on their recent pivot.How involved they are with the fintech sales process at the bank.The impact on the fintech startup scene of banks only wanting to work with established fintechs.Their approach to compliance automation.Why he never sees the alternative core banking providers.How Chris sees the bank-fintech partnerships evolving in the long term.How he defines success going forward.Connect with Chris Dean on LinkedInConnect with Treasury Prime on LinkedInConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
This week on Leaders in Payments Podcast, we journey through the symbiotic relationship between banks and tech firms, discussing the tailored support Treasury Prime offers to community and regional banks. Co-Founder and CEO of Treasury Prime, Chris Dean's expertise is not just theoretical; it's grounded in the practical challenges of real-time reconciliation, settlement, and the adaptive strategies banks are employing to lead in this fintech renaissance. We examine what truly differentiates Treasury Prime in the fiercely competitive fintech industry. From their unique direct integrations with core banking systems to the anticipation of industry consolidation and heightened regulatory pressures, Chris provides guidance on maintaining the delicate balance of innovation and compliance. Through his dual passion for startup culture and beekeeping, we explore the parallels between the precision required in fintech and the meticulous care needed for apiary management. It's an episode rich with personal anecdotes and professional insights.
Leo Polovets is the Co-founder and General Partner at Susa Ventures. Leo focuses on enterprise software and technical products at Susa. About two years ago, He also started Humba Ventures, a fund that invests in deep tech and critical national sectors like energy and defense at Humba. Leo led Susa's investments in Mashgin, People Data Labs, Scalyr, and Treasury Prime. Having been a software engineer for 10+ years, Leo approaches challenges with an engineering mindset and supports portfolio companies in vetting and hiring technical talent. Prior to Susa, Leo was the second engineering hire at Linkedin, where he worked on the first versions of products like LinkedIn Jobs and LinkedIn Groups. Leo then worked on payment fraud detection algorithms at Google, and was also an early engineer at Factual, where he built data processing software. Leo received a bachelor's degree in Engineering and Applied Science (Computer Science) from Caltech. We talk about lessons that translate from investing in traditional startups; explore lessons learned about market sizing, pricing, team dynamics, managing burn, scaling, valuation and many other topics in the deep tech space. Shownotes: https://humbaventures.com/ Leo's presentation on “Exploring Startup Ideas” https://docs.google.com/presentation/d/1C-JFkqsY40tidqPD1OZbV3-OXPAyrsPIV5Q_00PkToQ/edit#slide=id.g221d008c440_0_35 Thinking about making money for scientific founders Thinking about market attributes for a potential startup Intro to Humba ventures Investing in deep tech Founder-market fit; Time to make money Investment thesis Communication: between team members, to investors and beyond Working with startup teams: Commercialization Pricing in deep tech: Think of value being created How to ask for money for your product? Aloha robot- https://www.youtube.com/watch?v=HaaZ8ss-HP4&t=5s Story telling Manage your burn! Scaling: Calibrating on talent; learning to delegate; firing Bs and B+s on the team Keeping up with new technologies Thoughts on valuation What Leo likes to hear while being pitched to
In today's episode, Joshua Benadiva hosts Dan Kimerling, founder and Managing Partner of Deciens, a leading early-stage fintech venture capital firm. Dan shares insights into the fintech industry, emphasizing the importance of timing in entrepreneurship and the need for businesses to have increasing returns and moats as they scale. In this episode you will hear about: - Dan's journey in the fintech industry and the founding and selling of Standard Treasury - The challenges and opportunities within the fintech space - The role of coaching in venture capital and the importance of customer satisfaction in the banking industry About Dan Kimerling: Dan Kimerling is deeply committed to investing in transformative companies at their inception, holding board positions in several Deciens portfolio companies like Chipper, Therma, and Treasury Prime. Before Deciens, he co-founded and led Standard Treasury to its acquisition by Silicon Valley Bank, establishing leading API solutions for the financial services industry. Standard Treasury garnered recognition from American Banker and SWIFT for its innovation. Post-acquisition, Dan headed API Banking and Open Platform at SVB. His early career included a stint at TechCrunch and an educational journey at the University of Chicago, where he achieved honors and won prestigious awards. Dan is recognized by Forbes' "30 under 30," is a Kauffman Fellow, and actively contributes to the University of Chicago's Polsky Council and the Young Presidents' Organization. He enjoys a personal life filled with reading, cooking, biking, and skiing in Chicago and Albuquerque. About Deciens: Founded in 2017 by Dan Kimerling, Deciens Capital is a venture capital firm dedicated to ushering in the next generation of financial services. By focusing exclusively on early-stage investments, Deciens aims to support foundational companies reshaping industries and regions, including significant collaborations with Chipper Cash, Treasury Prime, and Therma. The firm prides itself on being the initial significant investment for companies poised for substantial growth, deep market impact, and the establishment of strong competitive moats in sizable markets. Deciens' portfolio showcases a commitment to groundbreaking fintech ventures such as Treasury Prime, Chipper Cash, and several others, emphasizing its role in the digital transformation of traditional financial institutions. For more FinTech insights, follow us on WFT Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech WFT Instagram: instagram.com/whartonfintech Josh's Twitter: @josh_benadiva Josh's LinkedIn: www.linkedin.com/in/jbenadiva/
Explore the thrilling evolution of fintech with Chris Dean, Treasury Prime's co-founder and CEO, as he shares his extraordinary transition from NASA's JPL machine learning researcher to fintech innovator. This episode is a treasure trove for anyone looking to understand the alchemy of technology and finance, offering a front-row seat to the challenges, dramas, and triumphs that define the startup journey. Chris's candid stories serve as a beacon, guiding through the intricate process of building a banking as a service platform that stands tall in the face of industry giants and market turmoil.Strap in for a deep dive into the strategic maneuvers that have positioned Treasury Prime at the forefront of the fintech revolution. Discover how Chris and his team's partnerships with multiple banks have afforded them the nimble edge needed to pivot during crises, including the recent Silicon Valley Bank collapse. This episode peels back the curtain on the competitive advantages and operational agility that are imperative to thrive in the financial technology sector, all while providing a rare glimpse into the frenzied response during one of the industry's most defining moments.Last but not least, tap into the ethos that underpins Treasury Prime's success: a steadfast commitment to culture, hiring, and team cohesion. Learn from Chris's approach to recruiting the finest talent, nurturing a culture of trust, and investing in employee financial education. As we wrap up, Chris leaves us with pearls of wisdom on the long-haul dedication required to create and scale a startup in the dynamic world of fintech. Whether you're an aspiring entrepreneur or an industry veteran, this episode offers invaluable insights into the tenacity and strategic foresight needed to chart a course to success.
Explore the thrilling evolution of fintech with Chris Dean, Treasury Prime's co-founder and CEO, as he shares his extraordinary transition from NASA's JPL machine learning researcher to fintech innovator. This episode is a treasure trove for anyone looking to understand the alchemy of technology and finance, offering a front-row seat to the challenges, dramas, and triumphs that define the startup journey. Chris's candid stories serve as a beacon, guiding through the intricate process of building a banking as a service platform that stands tall in the face of industry giants and market turmoil.Strap in for a deep dive into the strategic maneuvers that have positioned Treasury Prime at the forefront of the fintech revolution. Discover how Chris and his team's partnerships with multiple banks have afforded them the nimble edge needed to pivot during crises, including the recent Silicon Valley Bank collapse. This episode peels back the curtain on the competitive advantages and operational agility that are imperative to thrive in the financial technology sector, all while providing a rare glimpse into the frenzied response during one of the industry's most defining moments.Last but not least, tap into the ethos that underpins Treasury Prime's success: a steadfast commitment to culture, hiring, and team cohesion. Learn from Chris's approach to recruiting the finest talent, nurturing a culture of trust, and investing in employee financial education. As we wrap up, Chris leaves us with pearls of wisdom on the long-haul dedication required to create and scale a startup in the dynamic world of fintech. Whether you're an aspiring entrepreneur or an industry veteran, this episode offers invaluable insights into the tenacity and strategic foresight needed to chart a course to success.
Chris Tremont is Chief Digital Officer of Grasshopper Bank and Chris Dean is CEO of Treasury Prime, the embedded banking platform that Grasshopper uses.
PMF Podcast listeners' survey: https://rebrand.ly/zo6kxgy The topic of this episode is Fintech and how Treasury Prime is changing the banking system in the US. Selling 3 startups before Chris shares practical advice for founders on building good relationships with partners and investors, working lifestyle, scaling their business, and whether money buys happiness. I absolutely love this conversation with Chris and hope you enjoy it too. Topics covered include: Fintech businesses. Crypto and Blockchain. The recent banking crisis. Growth strategies for marketplaces fundraising. Chapters: (00:00) Intro (02:12) What is the best thing in the FinTech market today? (02:49) FinTech reform (05:07) What is Treasury Prime? (07:31) Treasury Prime growth (09:07) The relationship between banks and a FinTech company (09:50) Treasury Prime products (10:28) Difference between Treasury Prime and a bank (11:46) Is the US finance industry ahead or behind? (14:45) The new banking scene (17:12) SVB collapse explained (19:15) Don't put all the eggs in one basket (22:24) Crypto and Blockchain (25:47) Great people stick together (Investors Edition) (27:07) Workaholic lifestyle (29:09) Does money buy happiness? (31:45) Scaling Treasury Prime (34:24) Pricing model (36:48) Raising capital (39:56) Treasury Prime future plans (41:10) Investment allocation (43:11) Lightning round Guest Contact Info: Website twitter.com/chrisdean linkedin.com/chrisdean Sponsor: This podcast is brought to you by grwth.co. Grwth offers fractional CMOs, paired with best-in-class digital marketing execution to support early-stage startup success. With a focus on seed and series A companies, Grwth has helped a number of SaaS, digital health, and e-commerce startups build their go-to-market function and scale up. To learn more and book a free consultation, go to grwth.co. Get in touch with Mosheh: linkedin.com/in/moshehp twitter.com/MoshehP hello@pmfpod.com www.pmfpod.com
Chris Dean has taken several companies through successful exits. Now he's working on his biggest project yet. One which has already attracted tens of millions of dollars in investment, and moves billions of dollars each month. The startup, Treasury Prime, has interested investors like The Banc Capital, Invicta Growth, Deciens Capital, and QED Investors.
Chris Dean is the co-founder & CEO of Treasury Prime, a leading US banking-as-a-service platform fresh off a $40m Series C raise. Treasury Prime is a software company that connects sponsor banks to customer facing fintechs and by doing so powers bank accounts, cards and money movement. Unlike others in the banking-as-a-service space, Treasury Prime describes itself as building a network of interoperable sponsor banks and customer-facing fintechs in a ground-up approach to Open Banking in the US. In this conversation, Chris and Will Beeson discuss the state of the banking-as-a-service industry, Treasury Prime's approach compared to other software-based BaaS companies and tech-enabled sponsor banks themselves, the economics of banking-as-a-service, the evolving regulatory environment and more. Thank you very much for joining us today. Please welcome, Chris Dean.
Someone had to be first. More than a decade before the word fintech became a thing we had the original fintech bank, First Internet Bank. As the name implies they were the first bank to operate completely online when they launched in 1999. In many ways they have been a trailblazer, paving the way for a new generation of fintechs to thrive.My next guest on the Fintech One-on-One Podcast is Nicole Lorch, the President and COO of First Internet Bank. She has been at the bank since the very beginning and has seen it grow to become a successful and profitable online bank. There are many lessons here for the new crop of fintech banks.In this podcast you will learn:What it was like launching an online bank in the dot com era.The types of consumers they attracted in the early days.How RV and horse trailer loans became a successful niche.The different verticals they are involved with today.Who they think about as their competitors in banking.What they have done to emulate in-person banking in the digital world.How they manage their customer service call center.Details of their tech stack and their approach to technology.Nicole's view on the recent rise of the digital neobank.How they are partnering with Treasury Prime for banking-as-a-service.Why First Internet Bank has such a deep understanding about fintech-bank partnerships.What they are focused on when it comes to growing the bank.How she views the moves by big tech into financial services.What Nicole is excited about for 2023.Connect with Nicole on LinkedInConnect with First Internet Bank on TwitterConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes
Banking-as-a-service (BaaS) provider Treasury Prime connects banks and fintechs to improve customer experience and build relationships. Listen as Jeff Nowicki, vice president of banking, at Treasury Prime discusses how the company's technology is integrated, recent partnerships and why partnering with a BaaS provider delivers high ROI.
Banking-as-a-Service (BaaS) is a significant segment within the fintech industry, characterized as both profitable and impactful. In this episode, we host the Founder & CEO of Treasury Prime – Chris Dean – for a discussion on BaaS 101, how it differentiates from open banking, and how Treasury Prime is helping small and mid-sized financial institutions digitally transform through new embedded finance capabilities.
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. From the track: Banking Crosses into its Digital Future: Sponsored by Galileo Financial Technologies and is titled: Why the real threat for banks is complacency.Speaking at this session are Chris Dean, Treasury Prime, Chris Tremont, Chief Digital Officer, Grasshopper, Miguel Fernandez, Capchase, with Moderator: Dan Allred, Silicon Valley Bank.
‘Fintech is one of the fastest-growing areas for venture capitalists'. As an emerging industry that uses technology to improve traditional finance methods they still need banks to set their foundation, provide seamless transactional capabilities, and ultimately survive in the financial sector. Danna Ngo, Marketing Head of Demand Generation at Treasury Prime helps to break it down and understand why their service is so desperately needed in the industry. Treasury Prime helps to connect visionary Fintechs and innovative banks using their APIs to embed a full range of banking services. Traditional banks and innovative Fintechs are their key target personas and Danna has to work to combine traditional and innovative marketing strategies.
Appetite for Disruption: The Business and Regulation of FinTech
Everybody talks about the difference between traditional banks and FinTech companies. Treasury Prime seeks to facilitate the interactions between the two so that banks can have a FinTech offering and FinTech can have the risk management and compliance of banks. CEO Christopher Dean is leading Treasury Prime into this world between these two major industries and helping both sides understand each other through education and, most importantly, technology. He sees a bright future developing from these partnerships and Treasury Prime is committed to facilitating that future. And his love of start-ups and the process of building a company shines through.
The banking industry uses technology that some modern software engineers may regard as out of date or old-fashioned. Entrepreneurs wanting to create products in the banking space historically faced a steep curve to build software that could integrate with established banking systems. Christopher Dean seeks to change that. He founded Treasury Prime, a company that
The banking industry uses technology that some modern software engineers may regard as out of date or old-fashioned. Entrepreneurs wanting to create products in the banking space historically faced a steep curve to build software that could integrate with established banking systems. Christopher Dean seeks to change that. He founded Treasury Prime, a company that The post Treasury Prime with Christopher Dean appeared first on Software Engineering Daily.
The banking industry uses technology that some modern software engineers may regard as out of date or old-fashioned. Entrepreneurs wanting to create products in the banking space historically faced a steep curve to build software that could integrate with established banking systems. Christopher Dean seeks to change that. He founded Treasury Prime, a company that The post Treasury Prime with Christopher Dean appeared first on Software Engineering Daily.
The banking industry uses technology that some modern software engineers may regard as out of date or old-fashioned. Entrepreneurs wanting to create products in the banking space historically faced a steep curve to build software that could integrate with established banking systems. Christopher Dean seeks to change that. He founded Treasury Prime, a company that The post Treasury Prime with Christopher Dean appeared first on Software Engineering Daily.
In today's episode of the Dear BAMf podcast, Clarissa Horowitz of Treasury Prime explains how to leverage small budgets using trade publications.
Conversation with Jim Brusstar, co-founder of Treasury Prime, which is building APIs to connect a network of banks to fintechs. They make it easy for fintechs to partner with the right bank, and reduce the time to market for a neo bank or embedded banking product from years to months.We cover so many interesting topics in this conversation — starting with being early at Sidecar and lessons learnt from competing with Uber and Lyft, being early to fintech with Standard Treasury which built banking APIs and sold to Silicon Valley Bank, how banks work under the covers, and why he decided to found Treasury Prime (with same mission as Standard Treasury).We also talk about why Jim is excited about fintech and how most people underestimate how early we are in fintech overall— with lots of headroom for innovation and growth.Episode Highlights:Why Jim decided to start a companyEarly days at Sidecar — and inventing ride sharingSidecar — getting out executed by Lyft and UberThanksgiving 2012 — cease and desist to all ride sharing companiesEarly fintech — building "Banking in a box" APIs at Standard Treasury and being too earlyAcquisition by Silicon Valley Bank and how banks work under the coversBanking business model (incentives) — buying deposits and selling loansStarting Treasury Prime — with same mission as Standard TreasuryBuilding a network of banks — infra layer with modern APIs + match Fintechs with right bankHow infra layers and APIs unlock innovation — reducing time to market from years to monthsUse cases and business models on top of Banking APIsBenefits of using Treasury Prime to connect with a network of banksWhy Fintech is super early — less than 1% of all deposits today and where next gen will bankThoughts on crypto use cases — international remittences and programatic settlementLinks:Read more about Treasury Prime Use Cases and Banking APIsFollow Jim on Twitter at @JimBruHit subscribe to keep up with new episodes!Follow Ashish and Zane on Twitter for summariesClick here to give feedback — it only takes a minute.
Conversation with Jim Brusstar, co-founder of Treasury Prime, which is building APIs to connect a network of banks to fintechs. They make it easy for fintechs to partner with the right bank, and reduce the time to market for a neo bank or embedded banking product from years to months.We cover so many interesting topics in this conversation — starting with being early at Sidecar and lessons learnt from competing with Uber and Lyft, being early to fintech with Standard Treasury which built banking APIs and sold to Silicon Valley Bank, how banks work under the covers, and why he decided to found Treasury Prime (with same mission as Standard Treasury).We also talk about why Jim is excited about fintech and how most people underestimate how early we are in fintech overall— with lots of headroom for innovation and growth.Episode Highlights:Why Jim decided to start a companyEarly days at Sidecar — and inventing ride sharingSidecar — getting out executed by Lyft and UberThanksgiving 2012 — cease and desist to all ride sharing companiesEarly fintech — building "Banking in a box" APIs at Standard Treasury and being too earlyAcquisition by Silicon Valley Bank and how banks work under the coversBanking business model (incentives) — buying deposits and selling loansStarting Treasury Prime — with same mission as Standard TreasuryBuilding a network of banks — infra layer with modern APIs + match Fintechs with right bankHow infra layers and APIs unlock innovation — reducing time to market from years to monthsUse cases and business models on top of Banking APIsBenefits of using Treasury Prime to connect with a network of banksWhy Fintech is super early — less than 1% of all deposits today and where next gen will bankThoughts on crypto use cases — international remittences and programatic settlementLinks:Read more about Treasury Prime Use Cases and Banking APIsFollow Jim on Twitter at @JimBruHit subscribe to keep up with new episodes!Follow Ashish and Zane on Twitter for summariesClick here to give feedback — it only takes a minute.
This episode was produced remotely using the ListenDeck standardized audio production system. If you're looking to upgrade or jumpstart your podcast 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 Chris Dean, founder & CEO of Treasury Prime. Treasury Prime is a Banking-as-a-Service company that connects banks and Fintechs through an API. Its full integration into core banking systems gives developers access to a wide range of banking services from opening accounts to making payments to issuing cards. Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify, Amazon and iHeartRadio to hear Thursdays episode with Kosta Ligris from Stavvy. 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
In this conversation, we chat with Chris Dean, who is the Founder & CEO at Treasury Prime. Previously, Chris was the CTO & VP of Engineering at Standard Treasury, which was acquired by Silicon Valley Bank for an undisclosed amount. More specifically, we discuss all things banking-as-a-service, FinTech APIs, embedded finance, and the general evolution of the FinTech banking industry over the last decade.
This episode was produced remotely using the ListenDeck standardized audio production system. If you're looking to upgrade or jumpstart your podcast 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 Gaurav Sharma, Co-founder & CEO of Capitalize. Capitalize is a fintech company that helps people save for and manage their retirement accounts. Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify, Amazon and iHeartRadio to hear next Tuesdays episode with Chris Dean from Treasury Prime. 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
Leaders of B2B - Interviews on B2B Leadership, Tech, SaaS, Revenue, Sales, Marketing and Growth
Jim Brusstar, President and Co-Founder at Treasury Prime joins Ledge in a podcast about innovation in a traditional institution. Treasury Prime aims to connect visionary FinTechs with innovative banks. It plans to do this by taking legacy technology and making it easier for developers to integrate through APIs. Banking and finance are always at the top of any list of the most traditional industries. Their stricter regulatory policies, audit scrutiny, and sensitivity to the impact of financial transactions mean that modernization is a challenge. These waters are what Treasury Prime looks at navigating, by using the right technology with banks that are open to some form of innovation.Brusstar aims to solve this larger business problem by helping developers connect and integrate with banks through the use of Treasury Prime´s solutions. He plans to take advantage of cloud-based platforms. Moving to the cloud presents multiple advantages since it allows FinTech to become more cost-effective. This allows smaller banks to invest in it. It also provides a better experience for customers through a product standard. Brusstar talks about the challenges he faces regarding the difference in the culture of banks as opposed to startups. He says that being on both sides of the fence as a differentiator has given him an advantage in understanding each side. He also stresses the importance of business leaders tailoring their product to every aspect of their customers´ spectrum.Startup founders can learn how to push innovation when faced with traditional resistance in this episode. Find great ways to understand your market and your partners to create that innovative product.Resources mentioned:Email - jim@treasuryprime.com This episode is brought to you by Content Allies.Content Allies helps B2B tech companies launch revenue-generating podcasts. Build relationships that drive revenue through podcast networking. We schedule interviews with your ideal prospects and strategic partners so that you can build relationships and grow your business. You show up and have conversations, we handle everything else. Learn more at ContentAllies.com.
Ryan Zauk brings you one of the most impactful, information-dense, and fun episodes to date with Chad Beyers, Partner & Co-Founder of Susa Ventures. Susa is a sector-agnostic early-stage VC investing in areas like Enterprise Software, Fintech, Logistics, Healthcare, Consumer & Frontier Tech. Notable investments include Robinhood, Fast, Flexport, PolicyGenius, Okra, LendUp, Nova Credit, Railz, Treasury Prime, and Expanse. Chad was named to the Forbes 30 Under 30 for VC in 2015. Prior to Susa Ventures, Chad was the senior director of platform at Integrate.com and held various marketing and product roles at Silver Spring Networks, Bloom Energy, and Electronic Arts. They discuss: - His unusual path to venture and the critical tools he used to become an incredible cold-emailer, meeting a16z's Chris Dixon and BoxGroup's David Tisch - The wild story of turning a Jon Stewart taping into an internet phenomenon! - Susa Ventures and the exciting, Wharton Fintech exclusive release of their upcoming opportunities fund - Critical advice for starting your first fund (or angel investments) - His seed Robinhood investment, including the moment the lightbulb went off - Fintech trends he's most excited ]for - And much more! Mentioned in the Episode: Jon Stewart Tweet Thread: https://twitter.com/chadbyers/status/1273726486973804545?lang=en Robinhood COO: https://bit.ly/3AGEHdi Atom Finance CEO on PFOF: https://bit.ly/3hK0EzI For more Fintech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Ryan's Twitter: twitter.com/RyanZauk LinkedIn: www.linkedin.com/company/wharton-fintech-club/
Treasury Prime, a banking-as-a-service startup that delivers its product via APIs, raises $20 million in Series B. Deciens Capital, and QED Investors co-led the round. The firm plans to use the funds to invest, aggressively in its business.The capital comes in at around a year, since the startup announced its Series A. Treasury Prime was valued at just over $40 million at the time of its Series A, and current valuation has not been disclosed yet.Amazon Web Services, announces it's release of AWS SaaS Boost, as open source, distributed under the Apache 2.0 license. The tool is designed to help companies transform their on-prem software, into cloud-based software as a service.The goal of AWS SaaS Boost, is to foster an open environment for developing, and sharing reusable code, that accelerates the ability to deliver and operate, multi-tenant SaaS solutions on AWS. This announcement comes just a couple of weeks, after the company open-sourced its Deep Racer device software, which runs its machine-learning fuelled, mini race cars.Healthcare SaaS provider, Dr. First, raises an additional $50 million equity investment from Sixth Street Growth, following the firm's $35 million investment from last year. The company provides a range of software solutions for stakeholders, across the healthcare spectrum.The investment from Six Street Growth, will go towards continuing its business growth. Dr. First's tools are used by nearly 300,000 healthcare professionals, today.Singapore-based fintech firm, Aleta Planet, announces a joint venture, called AP Studios , with SaaS solution startup, Fooyo. The joint venture will offer digital marketing, and ecommerce solutions for the Singaporean businesses, preparing to target Chinese tourists, once Covid-19 travel restrictions are lifted. AP Studios will develop digital tools to enable merchants in Singapore, to cater to Chinese tourists and business travelers who visit the city-state annually.The new business is looking to develop tools such as payment checkout webpages, chatbots, WeChat and Alipay mini programs, crowd-control monitoring solutions, and interactive tourism apps. SuperOps dot A.I., a professional services automation, and remote monitoring and management platform, raises $3 million in seed funding. The funding round was led by Elevation Capital, and Matrix Partners India. SuperOps dot A.I.'s platform, is tailored to cater to various segments of the MSP market, and intends to build a truly unified PSA, RMM solution powered by intelligent automation.VisibleRisk, a joint venture between Moody's Investors Service, and the VC firm Team8, raises $25 million for its cyber risk evaluation platform. VisibleRisk offers real-time monitoring, custom reporting, and analysis, as well as transparency into the variables that determine a cyber rating. VisibleRisk claims that its cyber ratings are based on cyber risk quantification, which allows companies to benchmark their risks, against those of peers. The funding will be used to expand the company's workforce.Big Time Studios, raises $21 million to bring non fungible tokens to the biggest game economies.The Los Angeles company, was started by CEO Ari Meilich, and game designer Thor Alexander. The funding comes in two parts.The first $10.3 million in a round led by FBG Capital, And Big Time Studios is in the process of closing an $11 million fund, that it will use to invest in game companies, that adopt its technology. Big Time Studios' team includes alumni of Epic Games, Riot Games, Blizzard Entertainment, Electronic Arts, and Decentraland.
Treasury Prime, a startup that built software tooling to help banks automate and accelerate routine tasks, announced today that it has closed a $9 million Series A. The new capital was sourced from Amias Gerety of QED, Jason Lemkin of SaaStr, and Hans Morris of NYCA Partners. The capital event is yet another funding round […]