2024 Fintech Predictions

Fintech predictions for 2024! From Fintech leaders Greg Moshal of Prospa, Sebastian Watkins of Lendi and Patrick Coghlan of CreditorWatch.

Join us for this live recording of Fintech Chatter recorded at the CreditorWatch offices in Sydney.

In part one Dexter Cousins is joined by guests from the podcast to review 2023 as we look back at the key events and share the amazing stories of fintech founders.

Hear from Constantinople, Parpera, LoanOptions, Primer and Prospend.

Part Two - Fintech Predictions

CreditorWatch CEO, Patrick Coghlan unveils the latest Business Risk Index report and gets expert commentary from Prospa CEO, Greg Moshal and Lendi Group COO, Sebastian Watkins.

Each guest shares their expert insights on consumer and business trends across trade finance, small business and the home loan market providing. Using the latest data they share accurate insights with predictions on what we can expect in 2024.

Will there be a rebound or is Fintech in for another tough year? What will happen to interest rates? And will the job market bounce back or are more redundancies in store?

Tune in as we celebrate the year that was 2023 and get set for another rollercoaster ride in 2024!

Check out the CreditorWatch BRI report

Thanks to CreditorWatch for making this live recording possible and a special thanks to the audience for making this such a great event.

Richard Joffe - Honey Insurance

Combining AI, Smart Sensors and Insurance to create Australia's fastest-growing Fintech!

In episode 179 of Fintech Chatter Podcast, Dexter Cousins chats to Honey Insurance CEO Richard Joffe

Making his Fintech Chatter debut is Richard Joffe, CEO and founder of Honey Insurance, arguably Australia's hottest early-stage Fintech!

Honey Insurance is the smarter way to protect your home and contents. Backed by RACQ, Honey uses sensors in the home to offer a new type of insurer whose focus is on helping avoid accidents and protect against damage rather than just paying out after events.

Dexter chats to Richard in the week he was awarded CEO magazines Entrepreneur of the year and Honey featured in the Deloitte Fast 50. Expect to see some massive announcements from Honey in 2024!

As a 3x founder, Richard shares his secrets on:

Watch the 20 minute version on Fintech Chatter TV

About Honey Insurance

Honey is Smart Home Insurance, and they are on a mission to eliminate the 50% of avoidable accidents that happen to homes. Honey gives customers free technology and services from day 1 to keep homes safer, then rewards them with a lower price on their insurance.

https://www.honeyinsurance.com/

About Richard Joffe

Richard Joffe is the founder of 3 successful startups and currently the CEO of Honey Insurance. Previously, Richard founded Park Assist which automated the parking industry, and after expanding to 20 countries was acquired by TKH in 2012.

Then Stella.ai which automated the recruitment industry using AI, and was acquired as part of a $1.1 billion merger with Trustaff.

Formerly, Richard was a strategy consultant with McKinsey and an investment banker with Morgan Stanley.

Now with Honey Insurance, Richard has turned his attention to home insurance, where he is on a mission to give Australians free technology and services, to eliminate the 50% of avoidable accidents that happen to homes

Richard believes technology and automation can make everyone’s lives more efficient, so we can spend more time doing the things that matter most in life.

Ada Guan - Rich Data Co

In episode 178 of Fintech Chatter Podcast, Dexter Cousins is joined by Ada Guan, CEO and Co-Founder of Rich Data Co (RDC.)

Rich Data Co Series B Announced.

Is there a viable use case for AI in banking? Will AI replace Bankers?

Making her Fintech Chatter debut Ada Guan CEO of Rich Data Co shares how they are reinventing the way banks assess and provide credit to businesses, using AI.

It's an awesome episode where we talk about:

Real AI use cases for banking
Modernising a 70 year old credit model
Leaving a corporate job to start a business
Hiring and retaining the best AI and Data engineers
How rock climbing has helped create a high performance culture
How to consistently win business with major banks (with only 2 people in sales and marketing)

Rich Data Co Fintech Chatter Podcast

About Rich Data Co

RDC is delivering the future of credit, today!  Rich Data Co is on a mission to make credit accessible, fair, inclusive, and sustainable. By using AI, the team at RDC has developed new techniques leveraging traditional and non-traditional data to get the right decision in a clear and explainable way.

Customers expectations on credit have changed drastically in the past decade. Global leading financial institutions are leveraging the RDC AI decisioning platform to offer credit in a way that aligns to the customers’ needs and expectations.

RDC's AI Decisioning platform harnesses the incredible potential of AI and combines it with industry expertise to create the ‘AI brain for a bank’. RDC is accelerating innovation in business lending to deliver transformational and sustainable long-term business success for customers.

Find out more https://www.richdataco.com/


About Ada Guan

Ada brings over 20 years’ global experience in financial services, software, and retail industries. 

Leading a Global Client Advisor team at Oracle Corporation, she advised board and C-level executives in large global banks on digital disruption and Fintech strategy, and drove Oracle thought leadership in banking digital transformation for Global Key Accounts. 

During her time at Westpac Bank in Australia, Ada implemented a multi-million dollar program to deliver a mission critical services layer for the Bank and formulated the IT strategy that formed the basis of the $800m investment program to transform Westpac’s Product and Operation division, and complete the merger with St. George Bank. 

Ada holds an EMBA from the Australia Graduate School of Management, and a Master of Computer Engineering from the University of New South Wales, Australia.

FIntech Chatter Podcast 4th Birthday

Ryan Edwards-Pritchard from Cape joins Dexter as they celerate the fourth anniversary of the very first episode of Fintech Chatter.

Dexter delves through the archives picking his favourite memories from the podcast. And Ryan does a great job of interviewing dexter about the 4 year journey of Fintech Chatter Podcast.

Thank you to all of our guests, partners and co-hosts.

Special mention to Fintech Australia, Patona, NAB, Chloe White, Simon Lee, Ben Ford and Joanne Cousins

And a very BIG thank you to you for listening and supporting the show

Episode list from Todays show

002: David M Brear
Katherine McConnell Brighte - The Finnies 2020
Rebecca Schott-Guppy Intersekt Afterparty
088: Matt Baxby - Revolut
Business Fintech Special
048: Lee Hatton - Afterpay
025 Anthony Thomson
032 Neal Cross
Simone Joyce Farewell

Datamesh - 12 months and a $30m Series A later!

Dexter Cousins invites Datamesh CEO Mark Nagy back on the show. Mark made his first appearance 12 months ago as part of our spotlight on the next wave of Aussie Fintech startups.

One year on from his debut Mark shares his tips on how Datamesh secured $30m Series A funding in the midst of the downturn.

Mark also shares his secrets for winning contracts with global clients like Deutsche Bank and how to expand an Aussie Fintech internationally.

You can check out our original podcast with Mark

Patrick Coghlan CreditorWatch

In episode 175 Dexter is joined by a returning guest, Patrick Coghlan of CreditorWatch, a leading Australian data and technology company offering a complete suite of credit reporting products and data insights covering the entire customer lifecycle.

About Patrick Coghlan

Patrick is the CEO of CreditorWatch. In 2010, he became one of the three founding employees of CreditorWatch. He was appointed CEO in December 2018.

Patrick is a specialist commentator on issues in the credit industry and regularly appears in the media as well as presenting to corporate and government stakeholders. He has played an integral role in transforming the approach to the management of B2B credit risk in Australia.

Patrick has led the development of CreditorWatch’s values and team-spirited culture, as well as driving the company to considerable growth. He has a Bachelor of Arts from Sydney University and is a graduate of the Australian Institute of Company Directors.

About CreditorWatch

CreditorWatch is a leading Australian data and technology company that provides businesses with access to unique data and innovative products. By using our platform, our customers can confidently manage their commercial relationships, improve productivity and reduce financial risk.

As a commercial credit reporting bureau, CreditorWatch offers a complete suite of credit reporting products and data insights covering the entire customer lifecycle, from customer onboarding and credit decision automation to credit risk management and automated collections.

Prospend Sharon Nouh: Breaking Stereotypes and Building a Fintech.

Dexter Cousins is joined by Sharon Nouh, Founder and CEO  of Prospend in episode 175 of Fintech Chatter.

Prospend automates and digitises all of the business spend processes for businesses.  They build next-generation finance tools that empower businesses to make proactive financial decisions while also enabling their people to be more productive.

Throughout ProSpend's journey, Sharon has maintained a laser focus on solving challenges for mid to larger businesses and has competed with global players. ProSpend is now recognized as a world-class solution with more than 600 customers, reflecting Sharon’s understanding of customer needs and her ability to provide solutions that address real problems.

Prospend - Creating the Spend Management Category of Fintech

Sharon pioneered the expense management market in Australia by developing and launching the first locally built expense management platform. At that time, expense management technology was in its infancy.

Although the original version was simple, it provided a powerful alternative to businesses managing their processes manually.

However, Sharon didn't stop at automating expenses. She foresaw a desire among businesses to automate all their spending processes within a unified platform. Two years later, she incorporated accounts payable automation into the platform, establishing herself as a global pioneer in this technology, not just in Australia.

Sharon, who has a deep understanding of the intricacies of financial technology, has been able to leverage and develop technology that addresses real business problems, as opposed to merely following trends.

About Sharon Nouh

Sharon's journey as a female entrepreneur in the predominantly male fintech sector has had its challenges. In the early days, she faced difficulties securing venture capital funding due to a lack of confidence and role models for female tech entrepreneurs. The company's growth is a testament to her unwavering belief in her vision and her dedication to success. She is passionate about fostering diversity in the fintech sector and hopes her story will inspire and encourage more women to pursue fintech careers.

Sharon's leadership has been pivotal in guiding ProSpend's growth and development. She has displayed her ability to inspire and lead a team, navigate challenges, foster a positive work culture, and adapt to changes in the fast-paced fintech landscape.

Julian Fayad - LoanOptions

Julian Fayad is the founder & CEO of LoanOptions.ai.  Australia's first AI powered loan marketplace.

LoanOptions uses AI to match borrowers with the best loan options from over 75+ major banks and lenders to save them thousands of dollars and heaps of time with its one simple application form that does not impact the borrowers credit score. 

Julian represents the next generation of Fintech founder. He's a pioneer of artificial intelligence in the asset finance finance space. His love for technology  started from a very young age and he built many projects including an app that was deployed onto the apple app store at just 18 years old. 

Dexter and Julian talk about his experience as a first time founder, leadership lessons and how he has grown LoanOptions from a self funded Covid business to a profitbale Fintech scaleup now employing 40+ people.

Find out more https://loanoptions.ai

Greg McKenna - Police Bank

Interview with Greg McKenna, CEO of Police Bank | How Fintechs Can Partner with Mutual Banks.

Dexter Cousins is joined by Police Bank CEO, Greg McKenna on episode 173 of Fintech Chatter Podcast.

Dexter and Greg talk through the mutual banking model, the synergies with Fintech and the BIG opportunity for the next wave of Aussie startups like Constantinople.

Greg also shares Police Banks own digital transformation journey and how leveraging the talent and the tech from Fintech's like 86 400 is helping mutual banks compete.

About Police Bank - Police Bank is run by members for members. That means we'll do more than any other bank to support you and those you care about. There are no external shareholders to influence the course of our activities. Profits are returned to Members in the form of better interest rates, products and services. 

The Amazing Story of Lendi Group.

Lendi Group Co-founders David Hyman and Sebastian Watkins join Dexter Cousins for this special episode of Fintech Chatter Podcast.

Celebrating the 10 year anniversary of Lendi, David and Sebastian share their incredible journey of meeting after Uni and becoming serial entrepreneurs.

David and Sebastian are two of the smartest, humblest and likeable Fintech founders you will ever meet! They intentionally keep a low profile so we are delighted to bring you this exclusive interview and glimpse into their amazing journey together.

"If Product is King. Distribution is God"

David Hyman - Lendi Group

Lendi Group is Australia's fifth largest distributor of mortgages and processes an astonishing $30bn of home loans each year!

From meeting each other in their first job out of uni, borrowing money from their parents to start their first business together, to a successful exit with Living Social and then taking on Australia's Big 4 Banks in the housing market, David and Sebastian share their remarkable journey together.

Make sure to tune in as David and Sebastian share their insights and tips on bootstrapping, raising capital and blitz scaling!

You can find out more about Lendi - https://lendigroup.com.au/

Scalare Partners - Helping Early Stage Founders Succeed

In this special episode Dexter Cousins chats with Jenny Li and Giles Bourne of Scalare Partners.

With Investment in Australian Fintech industry back to 2018 figures, there's no doubt that the no1 challenge facing founders is finding capital.

We are seeing a rapidly growing gap in the technology capital eco-system, abandoning early-stage founders exactly when they need access to funding the most. Scalare Partners aims to bridge this gap, helping ensure the best tech innovators can change the world. ​

Giles and Jenny share their expertise sharing insights on what investors are looking for when assessing opportunities. They also share top tips and advice on how to run lean and increase revenue.

About Scalare Partners

We fund exceptional game-changers from diverse backgrounds who are preparing to disrupt globally to enable a smarter, cleaner, more connected future.
https://www.scalarepartners.com/

About Giles Bourne:
Giles is an experienced ASX and private company Director & Executive, passionate about bringing disruptive technology IP to the world.
Recognised as a commercial leader in technology start-ups and scaleups, he brings more than thirteen years’ experience as Managing Director of a unique ASX-listed entity in the hi-tech semiconductor field, developing breakthrough solutions for laser diodes, LEDs and microLEDs. Operating in bleeding-edge technology arenas has enabled Giles to work with a range of global market leaders - from the brightest scientists to global tech companies, high net worth and institutional investors, advisors, and entrepreneurs.   

About Jenny Li:
Jenny is a strategy-focused and results-orientated finance leader, with more than 15 years’ experience in improving financial governance, working in and advising multinational businesses to high-growth start-ups undertaking rapid change and growth. 

During her time with RISQ Group, a local business with less than 20 employees operated in Australia expanded to 6 countries within 8 years hiring more than 250 employees, Jenny as the Finance Director of the company is responsible for establishing and leading the finance function, driving continuous improvement through increasing operational efficiency and growth margin, leveraging financial system for scale, leading new business initiatives, and building long term cross-cultural and professional relationships with key stakeholders internally and externally.

$28m Stockspot Investment

Stockspot has received a $28m strategic investment from Mirae Asset. 

Mirae Asset is a global asset manager with more than USD $548 billion in assets under management around the world. The investment will allow Stockspot to further enhance technology and service for clients. 

Stockspot Australia's Best Investing app?

Chris Brycki joins Dexter Cousins to talk about the raise and how his long term approach to building a business has paid off. Applying the same principles to his business as he does to investment portfolios, Chris has managed to build a highly respected business in ten years.

Stockspot has one of the best content marketing strategies out there and Chris shares his practical tips to grow revenue and find investors during an economic downturn.

You can find out more https://www.stockspot.com.au/