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FinTech Investments

 

FinTech Highlights

Lending Club Founder, Renaud Laplanche

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Startups and the Un-Banking of America

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Intuit Acquires Check, the Mobile Personal Finance & Payment Company

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FutureAdvisor CEO – Wealth Management for the “Mass Affluent”

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Our FinTech Investing Approach

While we are a tight-knit partnership, often double-teaming on our investments, there is no doubt that Canvas Partner Rebecca Lynn is our resident FinTech expert.

Rebecca was the head of marketing and product at NextCard, the world’s first issuer of online credit cards. She is one of a few VCs on Sand Hill Road with in-depth consumer credit experience. Rebecca has leveraged her financial-services expertise into Series B investments in Lending Club (NYSE: LC), Check (sold to Intuit in 2014) and FutureAdvisor (digital wealth management).

The overall theme we like within FinTech is the “disintermediation of banks.” Lending Club connects borrowers and lenders directly.  Check disintermediates banks in the area of personal financial management and payments. And FutureAdvisor is re-inventing wealth management.

Because we continually refresh our FinTech thesis and map the market—including tracking startups by specific FinTech categories like payments, next-gen FICO scoring, virtual currencies and more—we have a prepared mind and ready network to assist FinTech entrepreneurs.

The above video featuring Lending Club CEO Renaud Laplanche talks about how he met Rebecca Lynn in late 2008 while she was an investor at Morgenthaler Ventures. The video was filmed in 2012, during which Renaud said Rebecca helped source 3-4 senior hires for Lending Club. Today, that number is up to 15 people, largely from Rebecca’s personal FinTech network (not through a recruiter).

We love helping our early-stage portfolio companies get things done—build their teams, hone the product-market fit, perfect customer-acquisition strategies, generate press, and form strategic partnerships.

FinTech News

Lending Club Shares Soar 56 Percent In Market Debut

LendingClub Was Forged by the Financial Crisis

Female VCs: What Do Entrepreneurs Think Of Them, Really?

Lending Club Files for IPO; Startup Emerged During Credit Crisis

The Daily Startup: Payment-Tech VC Surges, M&A Should Follow

Check Investor Rebecca Lynn on Finance Tech, Why the Number of Women VCs is Lower than You Think

How FutureAdvisor Plans to Shake up Wealth Management