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Embedding Fintech Into Your Products to Drive Growth with Matt Harris, Bain Capital Ventures
On this episode of the Traction podcast, host Lloyed Lobo of Boast.AI welcomes Matt Harris, Partner at Bain Capital Ventures.
Want the key to unlocking the next unicorn? Today, more and more companies are embedding finance (payments, lending, insurance, etc.) into their products — not only to drive growth and revenue but also to stay competitive.
Starbucks has the second most used payments application in the United States and they’re not a bank. Analysts estimate Shopify’s payments revenue to grow faster than their Subscription & Services revenue stream. Toast, a $2.7B restaurant management platform, launched Toast Capital in 2019 to provide its customer base with access to fast, simple, and flexible funding.
In this session, Matt discusses the key components of the FinTech ecosystem and how to embed FinTech into your products to drive exponential growth.
Specifically, Matt covers:
1:34 - How he initially got into investing
6:07 - What does FinTech mean
10:01 - Why every company will become a FinTech company and examples of embedding FinTech into products
34:36 - The additional value of embedded lending
44:50 - How does the rise of crypto and decentralized finance play into FinTech?
51:41 - How should founders think about fundraising and valuations in this environment?
59:54 - One piece of unconventional advice founders ignore but shouldn't
Learn more at https://tractionconf.io
Connect with Matt Harris: https://www.linkedin.com/in/mattcharris/
Learn more about Bain Capital Ventures at https://www.baincapitalventures.com/
The Fourth Wave Part 1: https://www.forbes.com/sites/matthewharris/2019/11/19/fintech-the-fourth-platform-part-one
The Fourth Platform Part 2: https://www.forbes.com/sites/matthewharris/2019/11/22/fintech-the-fourth-platformpart-two
This episode is brought to you by:
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Published on 3 years, 8 months ago