Episode Guide

All episodes cover much ground and are written up in far more detail on the Podcasts page. Here you can find all the shows indexed by:

“Editor’s Choice” – 5 Key Episodes

It’s impossible to choose such a small number as there are so many great episodes. However taking the subset of those which are important and unique takes on essential topics…

In LFP145 I go back through the archives in a New Year Special episode to cover a decade of Fintech.

FS and Fintech are social constructs that have differed massively over time and space but always defined by policy and regulation. Lord Turner the last chairman of the FSA joins us in LFP065 to discuss where Policy and Regulation come from and how they evolve.

Naturally one of the biggest areas of innovation is “computers” – which can do increasingly clever things. However AI/Machine Learning is much over-hyped. In LFP063 Dr Tristan Fletcher joins us to separate hype from reality in AI in FS. He updates this in LFP134 with current trends in AI in 2019.

The digitisation of Financial Services is intimately linked to access to financial data. In LFP168 Keith Grose joins us to give a superb overview of the growth of “Open Finance” around the world.

And last but not least what attributes does one need to float your startup or to sell it for a billion dollars? In LFP160 Clay Wilkes, CEO of Galileo Technologies, who has done both, talks us through this topic.

The Top 5 Most Downloaded Episodes

  1. LFP096 – A Deep Dive into Marketplaces in the Fintech Age with David Mercer CEO LMAX Exchange (9,005)
  2. LFP067 – Rethinking Banking: Marketplaces and App-Only Banks with Tom Blomfield CEO Monzo Bank (6,935)
  3. LFP060 – PSD2 & Open Banking in UK & Europe with Paul Thomalla ACI Worldwide (6,633)
  4. LFP063 – Special Episode! A Deep-Dive into AI, Machine Learning, Big Data & FS w/Dr Tristan Fletcher Research Director Thought Machine (6,122)
  5. LFP075 – Managing Fintech Rebundling with Nikolay Storonsky CEO of Revolut (5,779)

The 10 Core Abilities Of Successful Entrepreneurs

Peter Thiel says he is often told by young folk that they want to be entrepreneurs. He replies saying “you must be crazy, it’s a super-difficult road and one you undertake only if it is the only way to achieve a really important goal, a change you wish to make in the world”.

Like anything in life over the entirety of history – from pottery to armed combat – the best way to learn is to apprentice yourself to a master potter or successful General and learn directly day in, day out from the best. Failing that or in addition to that here is my personal selection of the most instructive bakers dozen podcasts from nearly seven years of the LFP.

These podcasts focus on how to do well the most core functions of an entrepreneur – Succeeding Massively, Creating and Managing your Board, Capital Raising, Profit, Success, Scaling-Up, Partnerships, Globalising, Reality vs Fantasy and How To IPO. There is a 10th core skill “attracting and retaining talent” – it’s on the LFP to-do list for the future…

One sine qua non in entrepreneurial life or just life in general is focus. We all know that – but we all get distracted from time to time. Implicit or explicit in countless podcasts is that the best entrepreneurs maintain far better laser-like mission-focus than the average person. It’s a whole topic on itself but two simple ways of ensuring this are (a) if your hair is on fire you don’t need to make yourself focus to run to that pond and (b) if you are emphatuated with an object of desire you don’t need to make yourself focus on going after him/her. In the famous phrase “does it make the boat go faster?” – if not don’t do it – albeit of course ensuring you have some real downtime, breaks, holidays to maintain energy, enthusiasm and creativity. You can’t run a Ferrari at high speed 24×7 without it ending up in the garage pretty soon. At which point it does 0 mph.

Succeeding Massively. In LFP160 Clay Wilkes, CEO of Galileo Technologies, who has created two billion dollar companies talks us through the attributes needed to create a business that floats or is sold for a billion dollars? Another great aspect of succeeding massively is Customer Service (just ask Amazon). In LFP187 Hristo Borizov CEO of Payhawk joins us to discuss the vital need to regard Customer Service as a central revenue-generating function not just a peripheral cost-centre.

Creating and Managing your Board. In LFP149 guest host Dan Kiernan interviews me about my book “The Realpolitik Of The Unlisted Company Board” a super-important issue for Fintech success. Some Boards are an engine of growth others are just a ball and chain around the ankle or in extremis a gallows for the founder. The most important component of the Board for a fonder and their firm is to have a great Chairman. In LFP156 Brian Basham (who wrote the foreword to my book above) who has been a serial founder and Chairman for over 40 years and an adviser to many FTSE Boards shares his vast experience of the role and importance of a great Chairman. Angels are essential to nearly alll early-stage company. In LFP181 Richard Hargreaves, 50yr early-stage investor joins us to discuss Angels and Angeling – great insights for both investors and founders.

Capital Raising. One of the biggest challenges for any entrepreneur is capital-raising. In LFP169 serial entrepreneur Peter Keenan CEO of Apexx Global, who has raised capital for five companies joins us to give us his experience and recommendations for smoothing the way. VCs are super-important to many high growth companies and thus understanding the VC landscape is vital – Josh Bell founding Partner at Dawn Capital (who have dispersed over a billion dollars of VC investment in Europe) covers this In LFP171. See also Investment & Trading below.

Profit. The key problem for the Fintech revolution is a lack of profitability to reinvest in taking itself to the next level. In LFP066 Bob Jones, veteran of the asset finance industry explains the methodologies behind creating a very profitable Fintech. In LFP151 Tim Nicolle covers his search over thirty years of entrepreneurialsim for how to find profitable innovative business models – especially focusing on a process of meta-creativity which is essential to create something that does not yet exist. As it involves listening to many podcasts it must be a good process 🙂

Success. Failure is the biggest problem but at least it’s simple even if it takes some time to unwind. Success creates far more complexityWhat happens when your strategy succeeds beyond your wildest dreams? What then and how to get there is shared with us in LFP123 with Will Wynne co-founder of Smart Pension and Arena Flowers two award-winning businesses in very different sectors.

Scaling-up. There is a real phase shift between being a Fintech Startup and a Fintech Scaleup – Jon Vollemaere CEO of Deutsche-Boerse backed R5FX rejoins us in LFP052 to discuss the realpolitik of Fintech Scaleup.

Partnerships. One important aspect in modern business is not doing everything yourself. In LFP154 Joanne Dewar CEO of GPS a back-end that powers the likes of Revolut and Starling Bank guides us through the secrets of successful partnering. The real ecosystem is all your fellow Fintechs, many of whom you would benefit from partnering with. In LFP099 Jimmy Williams, CEO of Insuretech Urban Jungle joins us to discuss how to make yourself a partnerable Fintech.

Globalising. In this Brexited Age Fintech needs to go global. In LFP147 Aneesh Varma who has lived in 11 countries and had businesses in 4 talks to us about localising/globalising and Culture and Business Around The World. The UK is 1% of the world’s market. Successful international expansion is a must for real Fintech success. In LFP095 Jonathan Quin CEO of WorldFirst, possibly London’s oldest and possibly most successful Fintech who have expanded into 7 countries, joins us to discuss how to successfully expand internationally.

Reality vs Fantasy. One of the biggest topics is “what is it really like to be an Entrepreneur?”. In LFP124 Ruzbeh Bacha joins us to talk about how the reality is very different from the general perception.

How To IPO– in LFP188 Nic Brisbourne CEO of early-stage VCs Forward Partners joins us to explain what IPO-ing entails – not just in theory but also as a first-person account as Nic recently spent the past 3yrs in the long process of IPOing which Forward did super-successfully.

FS Policy Series

These are the highest level episodes with guests who have held high roles dealing with super-big picture issues of importance not just to Fintech but to FS and the economy and society as a whole.

FS and Fintech are social constructs that have differed massively over time and space but always defined by policy, regulation, and more broadly the societies they exist in.

The biggest question of our Age is “will FS & Tech usher in tyranny not freedom?”. At first the internet appeared liberating, now with censoring, deplatforming and removal of income it is appearing chilling. I cover this in LFP119, the 2019 New Year Special.

In LFP113 “Regulators – Unelected Power & Uncertain Constitutional Position”, Sir Paul Tucker the former Deputy Governor Bank of England joins us to discuss the constitutional and democratic challenges around the proliferation of regulators – there are 90 in the UK.

Lord Turner the last chairman of the FSA joins us in LFP065 to discuss where Policy and Regulation come from and how they evolve.

In 2020 the biggest issues for all segments of the economy is international ties and regional development. In LFP148 the Lord Mayor Of London joins us to talk about The City, Promoting US-UK Fintech Ties & Regional Fintech.

In LFP055 Professor John Kay joins us to discuss how the fundamental problems with FS as it exists today provide an opportunity for Fintech to be far greater.

On the super-big-picture policy front Professor Bill Lazonick, winner of the HBR award for best article of the year on deconstructing shareholder value, joins us in LFP092 to give us a seminar on innovation economics, deconstructing shareholder value and equitable growth.

Index By Company

Accenture, ACI Worldwide, Advanced Payment Solutions, Afaafa, Aire, AltFi Data (AltFin), AltFi Data (Equity), AltFi News, Apexx Global, Archover, Augmentum, Aviva, AxiaFunderAzurBalderton Capital, Banked, Barclaycard, Behavioral SignalsBlue Motor Finance (2016), Blue Motor Finance (2019), Bond MasonBought By Many (2015), Bought By Many (2018), Brian Basham, Capital.ComCapitalRise (2017), CapitalRise (2021), CEC Capital, ChAI, City Falcon (2016), CityFalcon (2019), Clarus Investments (2018), Clarus Investments (2019), Clausematch, ClearBank (2017), ClearBank (2021), CloudMargin, ComplyAdvantage, Connectd, Consult Hyperion, Credit Kudos, Currency Cloud, CrossLend, CrowdProperty, Cuvva, David Stevenson Inc, Dawn Capital, Digital Partners, Direct Line, Elliptic, Emerging Payments Association, Farewill, Financial News, Finimize, FIS, FloodFlash, Flowcap, Fox Williams, FreetradeFunding Circle, Funding Options (2015), Funding Options (2017), Galileo Technologies, GoCardless, GoHenry, Goji, GLI Finance, GPS, Growth Street, Growth Gorilla, Ignitr, Illuminate FinancialINGInstitute for New Economic Thinking, Intelligent Partnership, InvestGlass, iwoca, Iwocapay, Professor John Kay, Kantox, Kwanji, Laka (2016), Laka (2020), Landbay (2015), Landbay (2018), Landbay (2020), Lend Academy, Lendinvest (2014), Lendinvest (2018)Lendit Conference, Liberum, LFP001, LFP016, LFP042, LFP068, LFP094, LFP100, LFP119, LFP145, LFP152, LFP2021 New Year SpecialLMAX ExchangeMarketInvoice (2015), MarketInvoice (2018)Matchi.biz, Metro BankMidpoint, Mike Nulty Inc, MoneseMonzo, Munich Re, Nationwide, nChain, NeosNew Finance, NextWave Consulting, Nigel Verdon, Orca Money, Sir Paul Tucker, Payability, Payhawk, Pension BeePlatform Black, Plaid, Positive Money, Primadollar, Prime Revenue, PrivitarPwC (InsureTech), PwC (Challenger Banks), QED Investors, QuantexaR5FX (FX innovating), R5FX (Scaling-up), Ratesetter (P2P), Ratesetter (Provision Funds), Railsbank, Railsbank (qua Kalifa Report), Realpolitik of Unlisted Company Board, Revolut, Richard Hargreaves, Ripple, Santa Monica Talent, SapientRazorfishScalable CapitalSeedrs (2015), Seedrs (2019), Signicat, Silicon Valley Bank, Smart Pension (2016), Smart Pension (2019), Squirrel, Stable, Startupbootcamp, Stocard, Supply@Me Capital, Syndicate Room, Synechron, Tandem Bank, The City Of London, The Up Group, Thimble, Thought MachineTickr, Trade River, Tradeshift, Tradeteq, TransferGo, Trulience, Trussle, Underpinned, UniMassLowellUrban JungleValidis, Veem, Wagestream, WiseAlphaWorldFirstWorldRemit, Wragge Lawrence Graham, Xignite, Yapily, Zopa (consumer credit), Zopa (Brexit/Fintech2.0)

Index By Interviewee

Adam DoddsAdam French, Adam Rimmer, Alessandro Zamboni, Albert Azis Clauson, Alex Baluta, Alex Langridge, Alex MichelinAlexander BallAlexandre Gaillard, Alix Murphy, Andrew Mullinger, Andy Rear (2017), Andy Rear (2020), Aneesh Varma, Angus Dent, Anil Stocker (2015), Anil Stocker (2018)Anna Irrera, Ben Luckett, Bill Lazonick, Bjorn Goss, Bob Jones, Brad Goodall, Brian Basham, Charlie Barker, Charlie Blackburn, Charlie Delingpole, Chris Rieche, Christian Faes (2014), Christian Faes (2018)Christoph Gugelmann, Clay Wilkes, Conrad Ford (2015),  Conrad Ford (2017)Cormac Leech (P2P), Cormac Leech (Litigation Crowdfunding), Dan Garret, Dan Kiernan, Darren Meek, Daumantas Dvilinskas, Dave Birch, Dave Washburn, David Clarke, David MercerDavid Stevenson, Eddie George, Ellis Seder, Emanuel Andjelic, Evgeny Likhoded, Faisal Husain, Farid Tejani, Freddy Kelly, Freddy Macnamara, Geoff Miller, Gert Sylvest, Giles Andrews (consumer credit), Giles Andrews (Brexit/Fintech2.0), Goncalo de Vasconcelos, Guy WilliansHiroki Takeuchi, Hristo Borizov, Iain NiblockIshaan Malhi, Ivan GowanJake Wombwell-Povey, James Sherwin-Smith, Dr James Smith, Jason du Preez, Jay Bregman, Jeff Lynn, Jimmy Williams, Joanne Dewar,  John Booth, John Erik Setsaas, John Goodall (2015), John Goodall (2018),  Professor John Kay, John Regan,  John Shaw, Jon Segal, Jon Vollemeare (FX Innovating), Jon Vollemeare (Scaling-up), Jonathan HoweJonathan Quin, Josh Bell, Julian Cork, Karen Kerrigan, Keith Grose, Keith Smith, Lara Gilman, Laurent Kssis, Dr Louise Beaumont (Fintech success factors), Dr Louise Beaumont (PSD2 = strategy), Louise Hill, Lord Turner, Marcus Treacher, Marek Zwiefka-Sibley, Mark Beeston, Martin Boyd, Marwan Forzley. Matt Cockayne, Matt Poll, Max Pell, Max Rofagha, Michael Pearson (2018), Michael Pearson (2019), Mike Baliman (Fintech 101), Mike Baliman (2015 New Year Special), Mike Baliman (2016 New Year Special), Mike Baliman (2017 Awards & 2016 Highlights), Mike Baliman (2018 New Year Special)Mike Baliman (2019 New Year Special), Mike Baliman (2020 New Year Special – A Decade of Fintech), Mike Baliman (2021 New Year Special), Mike Baliman (LFP100 Special – Social Engineering hits Fintech Boards), Mike Baliman (Realpolitik Unlisted Company Board), Mike Baliman (Covid & business), Mike Bristow, Mike Laven, Mike Nulty, Nektarios Liolios, Nick KeriganNick OgdenNigel Verdon (Currency Cloud), Nigel Verdon (Kalifa Report)Nigel Verdon (Railsbank)Nikolay Storonsky, Norris KoppelOliver Schimek, Paul RiseboroughPaul Thomalla, Sir Paul Tucker, Peter Briffett, Peter Cook, Peter Keenan, Peter Renton (Story of US P2P), Peter Renton (Lendit Europe 2015), Peter Renton (P2P US/China/UK 2016), Philippe Gelis, Rana Gujral, Rezaah AhmadRich Wagner (APS), Rich Wagner (Emerging Payments Association), Richard Counsell, Richard Hargreaves, Ricky KnoxRhydian Lewis (P2P), Rhydian Lewis (Provision Funds), Richard Goold, Rob Moffat, Roei Samuel, Romi SavovaRupert Taylor (Alt Fin), Rupert Taylor (Equity), Ruzbeh Bacha (2016), Ruzbeh Bacha (2019), Ryan WeeksSamad Masood, Shameer Sachdev, Simon Jones, Stephane Dubois, Steve FindlaySteve HuskSteven Mendel (2015), Steven Mendel (2018), The Lord Mayor Of London, Tim Levene, Tim Nicolle, Tobias Taupitz (2016), Tobias Taupitz (2020), Tom Blomfield, Tom Butterworth, Tom McGillycuddy, Tony Clark, Tony PrestedgeDr Tristan Fletcher (2016), Dr Tristan Fletcher (2019), Uma Rajah, Vishal MarriaWarren Bond, Will Wynne (2016), Will Wynne (2019), William Lorenz, Yusuf Ozdalga

Index by Main Topic

London Fintech – General

A great place to start is LFP145 in which I review a decade of fintechLFP094 the 2019 New Year Special covers an assessment of the major Fintech subsectors, how well (or not), they are doing and a report card for them. Historians may checkout 2014’s LFP001 “Fintech The 30,000 Feet Overview” – what is FinTech? how big is it? why is it important? why is it happening now? .

In LFP177 Nigel Verdon, thrice Fintech founder, joins us to discuss in the light of the UK Government’s 2021 Kalifa report into Fintech the Past, Present and Future of UK Fintech.

The response of governments to covid will change the economic landscape for decades – I cover the implications in LFP152 and in the 2021 New Year Special take a super-strategic look at how Spengler, Nietzsche and Lasch foresaw what amounts to Elite Cultural and Governance Revolutions. In LFP153 Julian Cork, COO of Landbay takes us through a case study of how the BTL mortgage market is responding to the changes and how Landbay are managing a remote working company. In LFP155 Albert Azis Clauson joins us to discuss freelancing and project-based work and how Fintech can facilitate this. A longstanding model in some industries such as media this is likely to spread further as the buying and selling of labour in smaller amounts is likely to be one effect of the new economic landscape.

In LFP104 Michael Pearson takes us on a Deep Dive into UK Fintech Financing, Performance and Valuation. In LFP143 he joins us again to discuss what we can learn from data on 100 UK Fintechs on profitability over the past ten years.

In an increasingly globalised world creating a corporate culture is more important than ever – this is covered by Keith Smith CEO of Payability in LFP175.

In LFP146 Charlie Delingpole shares his mission to automate the mind-numbingly painful KYC/AML that is so essential in FS as a whole. As they do this for most London Fintechs and are in four countries around the world, it is going well.

John Kay refers to Corporate Governance as a vital function of FS (one it hasn’t traditionally performed that well). But how good is Corporate Governance in Fintech? In LFP057 Geoff Miller joins us to explain the five benefits of good Corporate Governance and why it’s an enabler of Fintech growing further.

All change produces positives and negatives. In the digital revolution children are both more tech savvy than ever yet more stressed than ever. In LFP135 Louise Hill founder of GoHenry who offer a “digital pocket-money” card discuss teaching kids about money when its virtual and the broader digital world and children.

In LFP054 we look a the big picture – Brexit and do we need a Fintech 2.0 – along with Zopa Revisited with Giles Andrews.

LFP016 “2015 New Year’s Special – Behind the Scenes, UK Fintech 2015 and Occupy Fintech!”.

LFP042 “2016 New Year’s Special” – Bumper Fun-Packed New Years Show On Fintech & Star Wars, Beer, Media, 2015 review & 2016!

Where did it come from? In LFP004 “Fintech the 3,000 Feet Overview – 3yrs of New Finance with Eddie George” – we discuss, Eddie’s New Finance organisation (the largest Fintech professional network in the world), and the past, present and potential future of fintech in London.

What are London Fintechs Strengths and Weaknesses? In LFP008 I discuss these with top Fintech Lawyer Richard Goold.

What does a Fintech co-founder and adviser to government think are the 5 Key Challenges for UK Fintech plc?  In LFP011 I discuss these with Dr Louise Beaumont, co-founder of Platform Black and now head of Public Affairs and Marketing at GLI Finance which has a family of 16 Alternative Finance businesses.

In LFP026 Mike Laven CEO of Currency Cloud, a Fintech that have done $10bn of payments/FX B2B business, discusses the biggest topic of them all – The Future of Banking.

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Advice

FS has been made immensely complicated in the computer age by a near infinite number of regulations, rules and options. Although the term “roboadviser” is much vaunted, the term is a hype as they don’t offer real financial advice.

In LFP126 Max Rofagha joins us to survey how Fintech can help fill this advice gap – as he puts it “we can be a pharmacy if not a hospital” – solid, realistic aims.

IFAs – independent financial advisers – are the key to wider adoption of key Fintech areas such as P2P. In LFP069 Dan Kiernan joins us to discuss the “advice gap” and the problems IFAs have recommending Alernative Finance.

The other side of taking advice on your assets is taking advice on your debts – the most important one of which for most people is their mortgage. In LFP070 Ishaan Malhi joins us to discuss what “Fintech-ing” mortgage advice can do for you.

A completely different kind of advice is covered in LFP071 with Faisal Husain. For Fintech to make any real lasting impact we need to have serious Fintech growth companies. Faisal talks about the journey from “just an idea” to “7,000 employees in 18 countries in 16 years” without any external capital or debt – a must-listen-to for any Fintechs wishing to make the big time.

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Alternative Finance – Overview

Alternative Finance is the most important subsector of Fintech in terms of its impact right now.  It’s one that has a long track record and you can all use now.

The best Fintechs/Marketplace lenders are already outcompeting incumbents. In LFP117 John Goodall, CEO of Landbay who recently won the buy-to-let lender of the year award talks about the role of specialisation and institutional versus retail funds.

Alternative Finance has got far more diversified and complex. In LFP111 Iain Niblock CEO of Orca explains why “aggregators” are becoming a necessary way to navigate the maze.

In LFP064 Peter Renton joins us to give a 2016 overview of P2P in the US, China and UK.

In LFP116 Rezaah Ahmad suggests that better returns than investing in P2P are available by investing in the $11.7trn corporate bond market.

In LFP010 Rupert Taylor CEO of AltFi Data joins me to give a 3,000 feet overview.

In LFP038 Peter Renton and I discuss key themes from Europe’s largest P2P conference in 2015.

What happens to Alternative Finance portfolios when the sunny weather turns bad? In LFP035 John Goodall CEO of Landbay joins us to take a deep dive into Stress Testing P2P portfolios.

In the UK the government has extended the annual tax-free investment allowance (ISA) to include P2P assets. In LFP047 jake Wombwell-Povey discusses what the IFISA means for UK P2P.

It’s very easy for the new to soon become the old. In LFP053 Cormac Leech co-founder of Liberum Alternative Finance joins us to discuss innovating in P2P.

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Alternative Finance – Direct Lending

There is another model of Fintech lending – direct lending where a company raises funds and then lends these out without the “matching” problem of P2P. In LFP036 Chris Rieche CEO of iwoca discusses this model and lending to small companies.

One important variant of this is lending firms Venture Debt. All corporate finance theory says that equity is expensive and so needs leveraging with debt. While this is not possible on Day1 or for many days/years thereafter for NewCo at some stage it becomes essential. In LFP163 Alex Baluta CEO of Flowcap takes us on a deep dive into Venture Debt.

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Alternative Finance – Equity

Jeff Lynn is the father of UK Equity Crowdfunding. In LFP130 he joins us to discuss the past ten years, the present and the future of this important sector.

In LFP018 we have a deep-dive into equity crowdfunding with Karen Kerrigan Director of Seedrs and the UK Crowdfunding Association.

In LFP025 Goncalo de Vasconcelos, CEO and founder of Syndicate Room, dives into the very important model of “investor-led” equity crowdfunding and its advantages.

In LFP041 Rupert Taylor CEO of AltFi Data discusses their recent report on trying to establish some data on the Dataless-Desert that is Equity Crowd Funding.

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Alternative Finance – Invoice, Trade and Supplier Finance

A first for the LFP was when LFP185 was released on Network Based Finance a topic so hot and fresh that within an hour the LFP episode was the top search result on Google for this term :-O … in this episode Gert Sylvest co-founder at Tradeshift explains what Network Based Finance is.

Whilst invoice financing is a form of secured lending, in practice it is sufficiently different in many ways to merit it’s own category. In LFP030 market leader Anil Stocker CEO and co-founder of MarketInvoice does a deep dive on Invoice Financing in the Fintech Age.  Three years later in LFP098 with volumes having risen from £1/2bn to £2bn he joins us to discuss the wider topic of Financing UK SMEs.

Supply chain finance and all its associated techniques are all about improving cashflows. PrimeRevenue are the the largest non-bank Fintech in the world in this sector. In LFP139 Peter Cook joins us to talk about a Fintech that facilitates payments of over $200bn p.a. for 20,000 clients.

In LFP180 Alessandro Zamboni joins us to discuss a new innovation – inventory monetisation – supplier-/purchaser- finance are more conventional but monetising the inventory in your warehouse is a fascinating and new proposition for Fintech.

In life, in business and in Fintech things go wrong. John Regan joins us in LFP037 to discuss dealing with crises and the Platform Black story.

It is easily forgotten in our “financialised” economy that finance is the oil in the “real economy” where goods and services are traded. In LFP081 Guy Willans joins to to discuss Trade and Supplier Finance in the Digital Age.

In LFP122 Christoph Gugelmann joins us to take the story one stage further – how to turn trade finance into an investable asset class just like any other.

Innovation is relentless. In LFP159 Lara Gilman joins us to talk about iwocapay’s Payment Terms As A Service – a cross between a domestic version of trade finance and an overdraft giving sellers the cash up-front and the buyer payment terms that can be varied as if an overdraft,

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Alternative Finance – P2P/Marketplace Lending/Borrowing

The UK was the birthplace of P2P and historically supportive. FCA proposals in late 2018 threaten to take the P out of P2P severely restricting ordinary peoples’ ability to invest, Ryan Weeks guides us through this in LFP112.

In LFP103 Christian Faes CEO of Lendinvest one of the UK’s permanent Top 5 platforms and the only property investor in that group joins us for an overview of Online Lending & Borrowing – Past, Present and Future.

In LFP083 Conrad Ford, CEO of the largest online SME lending and borrowing matchmaker joins us to discuss how the SME lending and borrowing markets are in 2017?

In LFP021 Giles Andrews CEO of Zopa who invented the whole thing – being the first worldwide – does a deep dive into consumer credit and key issues in P2P.

In LFP034 I discuss the economically and socially vital SME lending and credit risk with Andrew Mullinger co-founder of Funding Circle.

In LFP013 I “kick the tyres” on the P2P (online lending/borrowing) subsector with Christian Faes CEO of the largest online real estate marketplace in the world.

In LFP019 I am joined by Rhydian Lewis, CEO of Ratesetter, one of the three UK P2P platforms to have written over £0.5bn of business, and the one to invent the use of a Provision Fund. We go beyond the metaphors into the real detail of P2P online lending and borrowing.

In LFP029 I am joined by Angus Dent CEO of a new and interesting entrant into the space that have created a “Secured and Insured” model of online SME lending which improves rates for borrowers and lowers risk for lenders.

In LFP051 James Sherwin-Smith guides us through a Fintech Marketplace solution to the UK Overdraft crisis.

The UK operates in a global market and in LFP015 I discuss the amazing story of US P2P from origins, through crises, to IPOs and into the future with Peter Renton founder of Lend Academy.

In LFP062 Rhydian Lewis CEO of Ratesetter joins us to talk about how they are revisiting their “hard fail”/”binary” porivions fund model.

In LFP020 Conrad Ford, CEO of Funding Options describes the vast lending landscape that exists for SMEs, how there is an excess not a shortage of loan financing, and the UK government’s “UK SME Referral Scheme” to ensure that SMEs get connected to this.

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App Banks

The newest “banks on the block” are the app banks. In LFP102 super-serial entrepreneur Ricky Knox CEO of Tandem Bank, which straddles app only banking as well as owning Harrod’s Bank, lays out the different motivations, destinations and likely fates of the UK’s app banks.

The newest “banks on the block” are the app-only banks. Will they go the way of so-called challenger-banks and become me-too-ish or will they forge a bright new path – Tom Blomfield CEO of Monzo gives his vision in LFP067.

Revolut, the “global money app”, acquired 500,000 customers in less than two years with their interbank FX card, they are now adding many more personal financial services. In LFP075 Nikolay Storonsky joins us to discuss managing rebundling in Fintech.

In LFP118 Norris Koppel CEO of Monese discusses how to create a global banking App – with their App you can not only do the usual things but open actual Bank Accounts in the UK and in Europe with more countries to come.

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Banking & Payments

Challenger Banks” is an oft-used phrase that implies a certain homogeneity within the UK Retail Bannking. In LFP079 Darren Meek, FS lead at PwC, joins us to discuss their in-depth research report on the diversity of UK Challenger Banks.

At the heart of banking is clearing banking (all banks in turn use clearing banks). In LFP086 Nick Ogden joins us to tell us what a 21stC Clearing Bank can do for you, Four years later ClearBank’s CCO Simon Jones joins us in LFP183 to discuss how engaging with and partnering with and by banks is changing dramatically.

The needs of growing Fintechs, indeed all techs, change significantly over time. In LFP165 Tom Butterworth Head of Early Stage Practice at Silicon Valley Bank talks to us about how relationship banking that specialises in one vertical is the answer to fast growing techs ever-changing needs.

Ripple is a leading example of a next generation global payments infrastructure moving small amounts of money very fast compared to the existing systems which move large amounts of money very slowly. Marcus Treacher SVP Customer Success explains how Ripplenet works in LFP164.

In LFP110 Daumantas Dvilinskas CEO of TransferGo discusses how to make cheap international payments.

In LFP157 Brad Goodall CEO of Banked explains the possibilities of far faster, cheaper payments  for merchants that comes from collecting and connecting all the direct-payment APIs of Banks.

In LFP174 Bjorn Goss, CEO of at the time surely Europe’s most used Fintech App – over 60 million users of Stocard’s digital wallet joins us to discuss digital wallets potentially very exciting future as the first touch-point for retail finance as a whole.

Credit is at the heart of all finance. In LFP140 Freddy Kelly CEO of Credit Kudos discusses how new data from Open Banking is already improving credit decisions.

Even more essential is identity – all financial transactions need to go to the right place. In LFP166 John Erik Setsaas of Signicat talks about scaling identity across Europe and around the world.

In LFP141 Matt Cockayne CCO of Yapily describes how Open Banking for SMEs can be far more impactful for SMEs than for consumers – cheaper, faster payments and better cashflow visibility.

In LFP108 Nick Kerigan MD of Future Payments at Barclaycard takes us on a deep dive into Credit Cards, Past, Present & Future.

In LFP161 Marwan Forzley CEO of Veem joins us to discuss global B2B payments using multi-rail technology.

Metro Bank is the first UK High Street Bank in a gazillion years. In LFP107 Paul Riseborough Chief Commercial Officer joins us to discuss the successful merging of physical and digital banking.

Not all banking is done by banks. Nationwide is the world’s largest building society, 1 in 4 UK households have an account with them. In LFP109 deputy CEO Tony Prestedge joins us to discuss what it means to be a mutual in the digital age.

The biggest seismic change in banking and payments is afoot. In LFP060 Paul Tomalla joins us (in 2016) to discuss PSD2 and Open-Banking in the UK and Europe. In LFP087 Louise Beaumont joins us (in 2017) to passionately advocate that PSD2 is about strategy not just “reg&tech”. In LFP097 Nigel Verdon gives us a 2018 sitrep on the timescales it will actually take to see radical change.

By 2017 some of the better incumbents had got their act together re Fintech. In LFP089 Alexander Ball joins us to discuss how ING goes about its over 100 partnerships with Fintechs.

What is “non-bank banking”? In LFP031 Rich Wagner discusses “non-bank current accounts ” and an overview of payments in the Fintech Age.

In LFP049 Rich joins us again, this time wearing his Chairman of the Emerging Payments Association hat, to discuss fair and equal access to payments for Fintechs.

In LFP046 Hiroki Takeuchi CEO of recurring-payment specialists GoCardless gives an excellently clear overview of international Payments Fintech.

One sector which is very “hardcore” in terms of the financial system – old and new – where there is masses of innovation is Payments. In LFP022 Dave Birch of Consult Hyperion, who have been payments specialists for a long time, gives us a “30,000 Feet Overview” of this vital sector.

A completely different aspect of this topic is helping people with their cashflow management. In LFP072 Emanuel Andjelic co-founder of Squirrel talks about this and the wider topic of “Socially-Beneficial Fintech“.

In LFP131 we revisit income streaming alongside Socially Beneficial Fintech. Easing cashflow problems for the lowest paid is an immense benefit – but this applies to far more these days. Experience has shown that having flexible pay as well as flexible work leads to more shifts and more work.

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Boards in Fintech

In LFP149 guest host Dan Kiernan interviews me about my book “The Realpolitik Of The Unlisted Company Board” a super-important issue for Fintech success. Some Boards are an engine of growth others are just a ball and chain around the ankle or in extremis a gallows for the founder.

The most important component of the Board for a fonder and their firm is to have a great Chairman. In LFP156 Brian Basham (who wrote the foreword to my book above) who has been a serial founder and Chairman for over 40 years and an adviser to many FTSE Boards shares his vast experience of the role and importance of a great Chairman.

It is axiomatic that being well-connected gets one ahead in life and in business. However technology gives us the chance to level everyone up so that potentially great entrepreneurs are not held back. In LFP178 Roei Samuel Ceo of Connectd joins us to discuss creating a marketplace to connect Startups, Investors and NEDs/Advisors/Mentors.

The Board is the highest level of management in a Fintech. But little is know about small company boards. In LFP100 I preview my upcoming book on this topic with research from over three dozen leading Fintechs, VCs, Angels, NEDs, Head-hunters and more.

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Capital Markets

At the largest scale wholesale markets are huge. In LFP142 Martin Boyd of FIS whose systems process $9 trillion per annum discusses what digital means and what its impact is in hardcore capital markets business.

Few Fintechs have yet done “truly digital” pricing. In LFP091 Oliver Schimek CEO of CrossLend joins us to discuss how they have can deliver securitisation 100,000 times cheaper than incumbents.

There is a huge area of Fintech which in “old money” would be simply called “new IT companies selling into FS” – not competing with existing FS but trying to enhance it. In LFP077 Mark Beeston Founder of Specialist VCs Illuminate Financial joins us to discuss Capital Markets/Enterprise Fintech.

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Digital Currencies

The most radical of Fintech sub-sectors is digital currencies. LFP003 “Lifting the bonnet on Digital Currencies with Dr James Smith of elliptic.co” gets beyond the hysteria and poor explanations to explain these (and the vital and flexible underlying tech – the blockchain) simply and clearly.

Innovation continues to spread and the most interesting possibility perhaps is Central Bank issued digital currencies. David Clarke of Positive Money joins us in LFP085 to explain how central bank digital cash would be far better for society and the economy than current money which is 97% created by private banks and always as debt.

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Ecosystem

What’s it like for small and startup Fintechs, who outnumber the big guns by far. In LFP039 Alexandre Gaillard CEO of InvestGlass joins us to discuss this and the world of Swiss Fintech.

Closer to home Ruzbeh Bacha CEO and founder of CityFalcon has built a Fintech employing over a dozen people in two years and has been based at such hives of the startup world as Level 39. So in LFP043 he is well placed to discuss Hype vs Reality in the UK Fintech Startup world.

Marketing is super-important in a world of information overload. In LFP138 Shameer Sachdev and I discuss marketing old and new.

Financial Crime is an issue for #oldFS and #newFS. In LFP115 Vishal Marria joins us to discuss what types of FinCrime there are and what is required to combat it.

Fintechs are growing up – can they do this without losing their culture? In LFP044 Alex Langridge of The Up Group, London’s premier Fintech headhunters talks to this topic.

The hotbed of Fintech development is (was?) in London’s Fintech Accelerators.  In LFP014 I am joined by Nektarios Liolios co-founder of Startupbootcamp Fintech to “Lift the bonnet” on Fintech accelerators.

In LFP008 Richard Goold gives his experience of 15yrs doing transactions in tech – discuss the history of tech investing in Europe and the present – especially focusing on the Funding Gap – and compare it to the scene in the US.

Imagine spending your whole career never working for anyone else, forming a whole range of diverse businesses, and making enough to retire from the dot-com boom (as well as seeing most of the investments crash). To save you 40yrs here is LFP007 “Dot Coms to Fintechs, Lessons Learned by Michael Nulty, 40yrs+ as an Entrepreneur, Investor and Angel“.

What’s it like to co-found two Fintechs, and what would one learn from 12yrs doing so? LFP009 with William Lorenz.

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FX

Some of the best Fintechs are little known in a PR-centred media. LMAX Exchange does a staggering $3trn volumes per annum and in LFP096 CEO David Mercer joins us to do a deep dive into marketplaces in the Fintech Age.

In my opinion in London the Fintech-FX-B2B subsector is the most professional by far. Find out why and the important business model differences between FX-B2B and FX-B2C in LFP023 where Philippe Gelis CEO of Kantox gives us a guide to Fintech in the FX Age.

In LFP026 Mike Laven CEO talks about Currency Cloud, a Fintech that has done $10bn of payments/FX

In LFP050 John Booth founder of Midpoint the world’s first P2P FX – formed (and patented) as long ago as 1998 talks about whether P2P FX is all its cracked up to be.

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Incumbents

By 2017 the best incumbents are well up the curve in their response to the Fintech revolution. In LFP089 Alexander Ball joins us to discuss ING’s 140 (!) partnerships they have established with Fintechs.

All of the above are mighty changes – how are the incumbents reacting? In LFP040 Anna Irrera, full-time Finetch Journalist at the Financial News (part of the Dow Jones Group) talks about the 7 strategies banks are following in response.

One way for #oldFS and #newFS to interact is Corporate Venturing – an internal, more strategic, type of venture capital. In LFP048 Ben Luckett MD of Aviva Ventures joins us to dive into this topic.

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Innovation

Naturally one of the biggest areas of innovation is “computers” – which can do increasingly clever things. However AI/Machine Learning is much over-hyped. In LFP063 Dr Tristan Fletcher joins us to separate reality and hype of AI in FS. In 2019 he rejoins us in LFP134 to talk about new trends in AI/ML especially around forecasting and Alt Data.

Sci-fi creeps nearer though. In LFP176 Rana Gujral, CEO of Behavioral Signals, joins us to discuss the automated detection of emotion in the audio of a human conversation.

“Data” is the fuel of the modern tech revolution. In LFP080 Jason du Preeze CEO of Privitar joins us to discuss the science, art and regulation of data privacy.

In LFP136 Evgeny Likhoded who started his Regtech in 2012 so has long experience compared to the market explains how to manage the reg tsunami one needs to move beyond a model of “data as just information” to one where a reg change is a domino which sets in process a whole series of other dominoes falling and consequent actions in organisations.

In LFP128 Richard Counsell joins us to discuss the meeting of the worlds of Farming and Fintech. 90% of the world’s commodities are not hedgeable – Stable is addressing that problem.

Creativity springs eternal and in LFP121 Cormac Leech joins us to discuss Litigation Crowdfunding which promises to increase access to justice with super-normal returns (&risks) for investors.

In LFP150 Dan Garrett joins us to discuss how he is digitising “the world’s least digitised market” – wills, probate and cremations.

The London Fintech Podcast bridges the worlds of suits and t-shirts, of incumbents and of new entrants. LFP002Innovation Matchmaking with Warren Bond of matchi.biz” is about some great folks who provide a platform to just that – connect your product to banks around the world.

In LFP017 Samad Massood who formerly ran the London Fintech Innovation Lab and is now Open Innovation Lead at Accenture shares his experience of “Innovation Bridge Building between Startups and Incumbents”.

Innovation leads to two things – rapidly scaling companies and uncharted territory. The extent to which this creates unprecedented (sic) legal risks is easily underestimated. In LFP033 Jon Segal, Partner at Fox Williams, joins us to discuss this important topic.

LFP005 “Innovating in Fintech & Emerging Market FX with Jon Vollemaere of R5FX.com” covers the widespread misunderstanding of innovation, the necessity for domain (ie FS) expertise in hard-core (“ultra-B2B“) Fintech, as well as upcoming changes in emerging market currency trading.

If Fintech is like a large stone dropped into a pond the ripples spread wide … the implications of the shifts are felt in many surrounding industries.  One of these is consultancy and in LFP012 Farid Tejani founder of Ignitr a Next Generation consultancy joins me to discuss the impact on consulting and the key issue of how to glue “Fin” and “Tech” together.

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Insurance

It is often forgotten that Fintech is not just concerned with Banking but with Financial Services at large.

In LFP170 Andy Rear CEO of Digital Partners who pretty much created “reinsurance as a service” gives us compelling evidence that in many dimensions Insurtech has already changed the Insurance market for good.

In LFP179 Jay Bregman joins us to discuss the state of global Insurtech, the challenges of insurteching in the US and innovations in insuring the small business.

Steven Mendel founded one of the earliest and most successful insuretechs back in the day when he was laughed at for doing so and told he would never succeed. In LFP114 he rejoins us to give an overview of Insuretech and leveraging human creativity.

In LFP061 Jonathan Howe, UK Insurance lead for over 1,000 staff in London, 23 years at Pwc and having surveyed 1,300 InsureTech startups gives us a 30,000 feet overview of Insurance and Fintech.

Few Fintechs of any description have captured 5% of any market but Cuvva have 5% of the short-term (one hour upwards) car insurance markets. In LFP158 Freddy Macnamara explains how going beyond price comparison websites is necessary to achieve this.

Few Fintechs are truly deeply innovative – Laka however is – it takes no premiums up-front but rather mutualises the risk with monthly payments based on actual losses. In LFP167 Tobi Taupitz joins us to discuss how to take insurance both forward but also back to its mutual roots.

“P2P” as a mechanism has grown like wildfire for banking – lending/borrowing – but has not in insurance, which is odd as insurance is based on this concept (albeit intermediated) too. In LFP101 Tobais Taupitz CEO of Laka joins us to discuss how P2P can be made to work in insurance.

“Historically” (time moves fast in Fintech) the view is that InsureTech is limited in its disruptive potential. However in LFP074 Andy Rear CEO of Munich Re Digital Partners joins us to discuss “Reinsurance as a Service”, a potentially game-changing approach.

Andy mentions MGAs as key to the future. In LFP076 Charlie Blackburn CTO of MGA Azur joins us to discuss what an MGA is and how they can be are a prime example of the convergence of #newFS and #oldFS.

In LFP084 Matt Poll CEO of Neos joins us to explain how a houseful of smart sensors can reduce our risk and how this can be done “for free”.

In LFP088 Andy Rimmer of FloodFlash jions us to discuss catastrophe insurance and how insuretech can help the huge percentage of the world that can’t get insurance for floods.

In LFP027 Steven Mendel CEO of Bought By Many explains why there are so few disruptive insurance fintechs, what insurance 3.0 is and what the fintech insurance models of social insurance and P2P insurance are.

In LFP006 “Innovation in Insurance with John Shaw of Direct Line” we see what incumbents are doing in this area, how they go about it, B2C fintech and 6 key trends in insurance right now.

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Investment & Trading

The first “wave” (or one or two?) digital wealth managers didn’t make much impact. In LFP073 Adam French explains what the second wave of digital wealth managers are doing and how they are making an impact.

In LFP127 Tom McGillycuddy outlines ethical and impact investing in the Fintech Age. How can you earn a good return on your investments and not have them cause harm but rather do good in the world?

The ultimate disintermediation of the whole investment management industry is to buy shares (especially ultra-low fee tracker ETFs) for yourself. In LFP105 Adam Dodds tells us how Freetrade, an execution-only stockbroker, will allow you to trade for free.

Exchange Traded Funds were once the hot new thing in FS. They have now grown to a $3trn marketplace and are the main factor that has inhibited the growth of investment management Fintech. In LFP058 Laurent Kssis CEC Capital gives us a masterclass from the basics through what Fintech can learn from how ETF’s grew so fast to the bleeding edge of Bitcoin, and Blockhain.

At the opposite end of “buy and hold” investment is Leveraged Trading a much more more capital markets approach. In LFP106 Ivan Gowan CEO of Capital.Com joins us to discuss the future of Leveraged Trading, UX and online/app-based trading education.

The Fintech online Investment manager space is very small in London (anyone other than Nutmeg). In LFP028 long-time investment journalist and head of the AltFi empire David Stevenson discusses this and what it takes for anything to become a new asset class (the flip-side of investment of course) with particular focus on Alternative Finance’s journey towards being a regular component of investment portfolios.

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Pensions

Pensions are a huge area of investment in all countries. In LFP059 Will Wynne joins us to explain how he created a Fintech that, in under two years, gained 75,000 pensions clients – phenomenal.

The average UK worker will end up with eleven employers and hence pension pots! In LFP090 Romi Savova joins us to discuss Pensions in the Gig Economy Age.

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Property

In LFP184 Uma Rajah CEO of CapitalRise who were last on the show in 2017 rejoin us in 2021 having by now kept a 100% perfect lending record and returned 9% pa to investors to talk about dominating a Fintech sector.

In LFP078 Alex Michelin, founder of CapitalRise gives us a 30,000 feet guide to investment in Property in the Fintech Age.

In LFP132 Mike Bristow CEO of CrowdProperty joins us to discuss property development finance and is P2P becoming a conduit for asset packaging for institutions?

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Remittances

An estimated 300m workers move abroad in search of work. Many of these are some of the poorest people in the world whose families at home depend on them for their economic survival. Historically/presently some of the poorest people in the world can be charged some 10-20% for moving money back home. Obscene. Alix Murphy of WorldRemit joins us on LFP032 to talk about how online, Fintech, solutions are cutting this cost by some 90%.

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Tech

Sometimes sci-fi is upon us. In LFP137 Marek Zwiefka-Sibley discusses two-way interactive man-machine interaction via holograms or 2D in-browser Avatars (think Holly from Red Dwarf). It sounds phenomenal but it’s real – check out the 40 sec YouTube in the link for yourself.

What is Tech? What are tech departments doing? In LFP125 I am joined by Charlie Barker CTO of Europe’s fastest growing company in 2019 Blue Motor Finance to take a deep dive into the past and present of software and software development.

In recent decades in incumbent FS IT has gone from a limited back-office function to being all-encompassing. In LFP172 Tony Clark CEO of NextWave Consulting joins us to discuss the multi-dimensional organisational challenges that “digital” presents to the modern FS organisation.

Blockchain has come to mean many things rather than one specific thing. However all technologies have social/societal impacts – in LFP173 Dave Washburn CEO of nChain joins us to discuss the interaction of tech and society and the digitisation of Tuvalu,

How do you get a job in the Tech sector (across all functions). In LFP133 Ellis Seder joins us to discuss how we can all make ourselves more recruitable and get the gigs we want.

Tech is all about data. In LFP093 Max Pell CEO of Validis joins us to discuss how it’s actually used  – compared to the propaganda for example most Fintechs focus on a short customer journey rather than collecting lots of data.

In LFP045 Stephane Dubois founder and CEO of Xignite joins us to discuss the building block of much of Fintech – APIs their past, their present and their future and how they enable that all-important Fintech characteristic of customer satisfaction.

An example of Enterprise Fintech is CloudMargin. In LFP082 their CEO Steve Husk joins us to discuss Collateral Management, the Cloud and Scaling-Up Fintechs.

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Venture Capital

In LFP171 Josh Bell founding partner of Dawn Capital who have dispersed over a billion dollars of VC investment in Europe joins us to discuss the Past, Present and Future of Venture Capital.

VCs and Founders/CEOs live in different worlds which can collide and cause chaos or harmonise for the good of the firm In LFP120 Steve Findlay who has been both talks to us about his insights from living amongst the Two Tribes. How can they get along best?

investment in Fintech starts with “friends & family”, perhaps moves through “angels” but there are next to no Fintechs that grow to scale without Venture Capital money. In LFP056 Rob Moffat Partner at Balderton Capital discusses “everything you wanted to know about Venture Capital but were too afraid to ask”.

One of the weaknesses of VC capital is that it is tied to funds with a finite lifetime. In LFP129  Tim Levene joins us to discuss Augmentum’s “permanent capital” model of VCing and shares with us the process of doing an IPO which Augmentum did in 2018.

Early-stage VC investing is both rare and challenging. In LFP182 Yusuf Ozdalga Partner i/c London office of early-stage investing supremos QED Investors (19 realised unicorns in their ~140 investments to date) talk about what it takes to succeed in early-stage VC investing.

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