The content here is for informational purposes only, should not be taken as legal business tax or

investment advice or be used to evaluate any investment or security and is not directed at any

investors or potential investors in any A16Z fund. For more details, please see A16Z.com slash

disclosures. Hi and welcome to the A16Z podcast.

This episode of the podcast is all about new fintech companies that are democratizing

access to financial services in different ways, whether it's no longer waiting two

weeks for a paycheck, making food stamps more efficient, or enabling anyone with a smartphone

to create a small business.

Moderated by Angela Strange partner at Andreessen Horowitz,

the conversation includes Jimmy Chen, CEO of Propel,

Matt Flannery, co-founder and CEO of Branch,

and Ram Palanyapen, CEO of Ernan,

and is all about what those kinds of new fintech companies have in common

besides a more inclusive

approach to finance. How is innovation coming in unexpected ways from unexpected places?

And what does this mean for the future of financial services as well as established players?

One of the most staggering statistics is that almost 50% of Americans don't even have

$400 in savings.

Now, the underbanked space, less serve space, has been traditionally dominated by non-profits

and ignored by VCs.

That in huge part is because building a business here is really difficult for all the reasons

that you might expect.

...