S6 Bonus: Roy Ng, Bond

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 13 April 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Roy Ng moved to LA from Hong Kong when he was 10 years old, first with his Mother, with his Father following on a year later. His family moved to the stats to build a future for him, with education and opportunity. He is a graduate of UC Berkeley, doing into finance with Goldman Sachs. He eventually made his way back to Hong Kong, to help Goldman with cool deals (like taking Baidu public). Post Goldman, he stepped into the startup world. His first startup sold to SAP, and he then went on to help Twilio grow and go public, followed by maturing the developer platform at MapBox. Roy connected with his a college friend, and now co-founder, to discuss his experience at SoFi. What they realized was that developers are having to build the "plumbing" of financial products over and over again, because there isn't a developer platform to enable them to focus on their end products. After some market validation at the Money 2020 conference, they set out to build this foundational platform. This is the creation story of Bond. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	And so we built what we call internally an abstraction layer.
0:05.0	This abstraction layer basically enables us to work with all the underlying infrastructure providers that would help us kind of launch this product.
0:14.0	And for our customers, there's one set of universal APIs on top that basically enables them to work within kind of bond to basically build a product from
0:23.0	beginning to end. And so developers can kind of go into our even going to our sandbox today from
0:28.8	not knowing anything about how to, you know, open a bank account and issue a card. You could do that
0:36.9	in 20 minutes. My name is Roy Aang, could do that in 20 minutes.
0:39.6	My name is Roy Aing, co-founder and CEO of Bond.
0:47.7	This is Code Story, the podcast bringing you interviews with tech visionaries who share in the critical moments of what it takes to change in industry and build and lead.
0:59.5	A team that has your back.
1:02.3	I'm your host, Noah Laphardt, and today how Roy Inc. set out to create a world-class platform for you to build embedded financial services.
1:13.5	All this and more.
1:15.1	OnCote Story.
1:19.6	Roy Ing moved to L.A. from Hong Kong when he was 10 years old, first with his mother, with his father following on a year later.
1:27.3	His family moved to the states to build a future for him, with education and opportunity.
1:32.8	He's a graduate of UC Berkeley, going into finance afterwards with Goldman Sachs.
1:37.9	He eventually made his way back to Hong Kong to help Goldman with cool deals, like taking Baidu public.
1:44.1	Post-Goldman, he stepped into the startup world.
1:46.4	His first startup sold to SAP,
1:48.7	and he then went on to help Twilio grow and go public,
1:51.4	followed by maturing the developer platform at Mapbox.
1:56.0	Roy eventually connected with his college friend,
1:58.5	and now co-founder, to discuss his experience at SOFI.
	...

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