20 VC FF 034: What Fintech Can Learn From Uber and The Shift From Financial Organisation To Financial Efficiency with Kelly Peeler, Founder & CEO @ NextGenVest

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 5 February 2016

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kelly Peeler is the Founder and CEO of NextGenVest, the College Money Mentor for every student, helping students navigate the financial aid and student loan application process. While at Harvard, Kelly started Business Across Borders, a non profit that helps Iraqi students rebuild their own economy by starting their own companies and the International Women in Business Summit, bringing together top female college leaders. She was selected as one of the eight Kauffman Foundation Global Scholars, named by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs, and named a White House #StartTheSpark Ambassador. Her TED Talk is called "How to Change the World as a Millennial - Don't be Stupid with Money" and can be found here.

A special thank you to Mattermark for providing all the data displayed in today's show and you can find out more about Mattermark here!

In Today's Episode You Will Learn:

1.) How Kelly made it into startups and what was the origin story for NextGenVest?

2.) How has the Fintech ecosystem evolved over the last 5 years? What does Kelly mean by Fintech 1.0 and the next phase of Fintech?

3.) How can emerging brands and in particular fintech brands build loyalty with the emerging millennial generation? What is the attention graph for millenials looking like?

4.) What does Kelly mean when she states a shift from financial organisation with Mint to financial efficiency today?

5.) What key determinants that have made Uber so successful can be used within Fintech startups to build the same trust and relationship?

6.) What is Kelly's view of startups taking a platform dependent approach? What are the benefits and what are the concerns?

Items Mentioned In Today's Episode:

Kelly's Fave Book:

The Thank You Economy by Gary Vaynerchuk

As always you can follow The Twenty Minute VC, Harry and Kelly on Twitter here!

If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!

Transcript

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0:00.0	You're listening to the 20 minute VC with your host Harry Stebbings and a very special episode of Founders Friday.
0:06.4	Today's guest I read about in TechCrunch and then I watched her TED Talk and it instantly became my favourite ever TED Talk and trust me I've watched a lot of TED Talks.
0:16.2	And I felt compelled to have her on the show following watching her.
0:19.7	Therefore, I'm so delighted to welcome
0:21.6	Kelly Peeler to the show today. Kelly is the founder and CEO at NextGenVest, the college
0:28.2	money mentor for every student, helping students navigate the financial aid and student loan
0:34.0	application process. I think it's fair to say Kelly's always been interested in
0:38.2	empowering young people. And while at Harvard, she started business across borders, a non-profit
0:44.0	that helps Iraqi students rebuild their own economy by starting their own companies. And she also
0:49.9	helped with the International Women in Business Summit, bringing together top female college leaders.
0:55.8	Kelly was also selected as one of the eight Kaufman Foundation Global Scholars, named by Goldman
1:01.6	Sachs as one of the hundred most intriguing entrepreneurs, and named a White House hashtag
1:07.3	Start the Spark Ambassador. Her TED talk is called How to Change the World as a
1:12.6	millennial, don't be stupid with money, and can be found in the show notes. It's an absolute
1:17.1	must, really is my favourite TED talk ever. Before we dive into the show today, I have a very special
1:22.8	announcement. I'm delighted to say that I'll be joining the godfather of SAS Jason Lemkin at Saster at the amazing annual Saster conference, and we will be producing a podcast from the latest and greatest founders, operators and investors in the SaaS space.
1:39.9	So stay tuned for that. And if you'd like to meet while I'm in SF, hit me up on Harry at the 20-minutevc.com.
1:47.4	It would be fantastic to meet in real life.
1:50.1	However, without further ado, it's now time to welcome Kelly Peeler, founder and CEO at NextGen Vest.
2:05.3	You have now arrived at your destination.
2:10.0	Kelly, a very warm welcome to the show. It's a real pleasure. I'm such a huge fan of the mission at Next Gen Vest. So thank you so much for joining us today.
2:14.8	Yeah, absolutely. Excited to be here and happy Friday. Absolutely. We don't have
	...

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