Name: Ideal Investors - Finding The Right Partnership
Uploaded: 2023-10-04T13:19:52.928Z
Duration: 194.8

FF2 IDEAL INVESTOR.mp4

FF2 IDEAL INVESTOR.vtt

ENGLISH


{{00:00:08}}
Yeah, I would say the investors you choose
are so important for so many reasons.

{{00:00:12}}
Again, I mentioned like minded investors.

{{00:00:15}}
That's critically important.

{{00:00:16}}
Folks who have experience in your industry
and in your field and connections.

{{00:00:21}}
We have Fintop Capital
and Jamfintop Capital.

{{00:00:25}}
Jamfintop is made up of 80
banks and we sell into banks.

{{00:00:28}}
So we have 80 kind of at bats with
those financial institutions who

{{00:00:33}}
are now investors in Plinkett.

{{00:00:35}}
So anytime you can match your venture
capital with your mission of the company

{{00:00:38}}
and your revenue goals, the better.

{{00:00:41}}
Yeah, so as a FinTech founder, a lot
of the opportunity that comes with

{{00:00:45}}
VCs can be validated through a lot
of the companies in their portfolio.

{{00:00:49}}
The founder network is at times really,
open and people love to pick up the

{{00:00:54}}
phone if you have specific questions
for them and they can be helpful.

{{00:00:58}}
I think one of the best ways to vet
potential partners, potential investors

{{00:01:01}}
is talk to the folks they've worked
with get a one on one either over

{{00:01:05}}
a coffee or beer can be helpful and
you get a look behind the scenes of.

{{00:01:10}}
what the value add they're actually
offering is, what it's like working with

{{00:01:12}}
them, what board meetings are like, so
you really get an opportunity to look

{{00:01:16}}
behind the scenes going through the
other founders that they work with.

{{00:01:19}}
Yeah, it all, just like with hiring,
it comes down to cultural alignment

{{00:01:23}}
and it comes down to just alignment
on the the eventual unexpected

{{00:01:29}}
outcome for Bankjoy.

{{00:01:30}}
Bankjoy

{{00:01:31}}
wants to become A really big company
and to offset some of the, challenges

{{00:01:38}}
that we've seen in the industry.

{{00:01:39}}
And we want to help community
banks and credit unions become

{{00:01:42}}
more connected with their roots.

{{00:01:44}}
And we want investors that fall in
line and are, truly aligned with.

{{00:01:50}}
Our mission and where we're headed.

{{00:01:52}}
When we're evaluating investors looking
for partnerships, I think the single

{{00:01:55}}
most important fit is philosophy.

{{00:01:58}}
Making sure that we're really driving
towards the same long term goals in terms

{{00:02:01}}
of supporting communities, providing
education, as well as financing.

{{00:02:05}}
Really building out a more
comprehensive and holistic suite of

{{00:02:08}}
services to support our customers.

{{00:02:11}}
Than, just necessarily
core banking products.

{{00:02:14}}
That alignment is really
critical when we're looking

{{00:02:17}}
for new partners to bring on.

{{00:02:19}}
Obviously, it depends on the
business and the founder.

{{00:02:23}}
If I look at our business and my investors
I prefer to have all my investors, and

{{00:02:31}}
it just happens to be, they're all ex
bankers and now in the venture capital

{{00:02:35}}
world, so they've seen the problem first
hand, what it means as a banker to buy new

{{00:02:42}}
technology for their customer outcome, and
also they see, and they also have a large

{{00:02:48}}
B2B portfolios, which means they also
see the problem of FinTechs trying to get

{{00:02:52}}
into banks to solve a particular problem.

{{00:02:55}}
So that's, how I see that's how I.

{{00:02:58}}
Kind of filter the venture
capitalists that I'm speaking to

{{00:03:05}}
prior banking experience, yeah.

Yeah, I would say the investors you choose
are so important for so many reasons.

Again, I mentioned like minded investors.

Folks who have experience in your industry
and in your field and connections.

We have Fintop Capital
and Jamfintop Capital.

Jamfintop is made up of 80
banks and we sell into banks.

So we have 80 kind of at bats with
those financial institutions who

So anytime you can match your venture
capital with your mission of the company

Yeah, so as a FinTech founder, a lot
of the opportunity that comes with

VCs can be validated through a lot
of the companies in their portfolio.

The founder network is at times really,
open and people love to pick up the

phone if you have specific questions
for them and they can be helpful.

I think one of the best ways to vet
potential partners, potential investors

is talk to the folks they've worked
with get a one on one either over

a coffee or beer can be helpful and
you get a look behind the scenes of.

what the value add they're actually
offering is, what it's like working with

them, what board meetings are like, so
you really get an opportunity to look

behind the scenes going through the
other founders that they work with.

Yeah, it all, just like with hiring,
it comes down to cultural alignment

and it comes down to just alignment
on the the eventual unexpected

wants to become A really big company
and to offset some of the, challenges

And we want to help community
banks and credit unions become

And we want investors that fall in
line and are, truly aligned with.

When we're evaluating investors looking
for partnerships, I think the single

Making sure that we're really driving
towards the same long term goals in terms

of supporting communities, providing
education, as well as financing.

Really building out a more
comprehensive and holistic suite of

Than, just necessarily
core banking products.

That alignment is really
critical when we're looking

Obviously, it depends on the
business and the founder.

If I look at our business and my investors
I prefer to have all my investors, and

it just happens to be, they're all ex
bankers and now in the venture capital

world, so they've seen the problem first
hand, what it means as a banker to buy new

technology for their customer outcome, and
also they see, and they also have a large

B2B portfolios, which means they also
see the problem of FinTechs trying to get

into banks to solve a particular problem.

Kind of filter the venture
capitalists that I'm speaking to

Fintech Founders

Expert Insight

Fintech founders share their advice on how to acquire funding and what makes an ideal investor.

In our latest FinTech Founders mini series we explore various aspects of funding, how to acquire it and what makes an ideal investor.

This brief, to-the-point video features valuable insights from fintech entrepreneurs and founders including Kathleen Craig, Plinqit; Chase Neinken, Chimney; Michael Duncan, Bankjoy, Ned Palmer, Panacea Financial; and Karan Jain, NayaOne.