They say London is the fin-tech capital of the world. Let's keep it that way! What we really want to know is where the future of fin-tech is headed. We invited leading companies in Fin-Tech, Bitcoin and crypto-currency space to tell us where they see the future. Why? Because we want to learn from the best and smartest. Don't you?
Join us on 13th June, learn from the best, ask questions, meet the speakers, investors and influencers.
Rishi Khosla is a successful serial entrepreneur (built & sold Copal Amba to Moody's between 2002-2014) who’s started a UK fintech unicorn you may not have heard of: OakNorth. He will share his biggest challenges he's faced along the way; the surprises, successes, and learnings; the differences in doing it a second time around; and his advice to fellow entrepreneurs who are starting, scaling or exiting fintech businesses.
Rishi is an early-stage investor in PayPal (he invested in 2000). After securing degrees from both the UCL and LSE (where he met his business partner, Joel Perlman), he went on to work at GE Capital where in his early 20s, he pitched the idea of an early stage private equity tech fund directly to Jack Welch. He was given $25m and told to go out and invest. It was on this journey that he first came across PayPal.
After a couple of years at GE Capital, he was introduced to steel tycoon, Lakshmi Mittal (right before Mittal became a billionaire), and recruited to manage a PE venture portfolio for the family where his niche was tech investing. At 27 and 28 respectively, Rishi and Joel decided to take the leap and set up on their own – they had just £40,000 of start-up cash but over 12 years, scaled Copal Amba to over 3,000 people with several hundred million in annual turnover, eventually selling it to Moody’s Corp in 2014. The business focused on conducting financial research (due diligence, credit analysis, etc.) for the world’s largest investment banks, private equity firms and asset managers.
Rishi was keen to start his next venture – a fintech platform enabling lenders to originate, underwrite, monitor, and book bespoke loans to SMEs faster, more efficiently and with more rigour. However, he didn’t want to just build the tech platform and then go out and try and sell it without a proof of concept. He wanted to build it, prove that it works in a highly regulated and competitive market (the UK), and then sell it to other lenders. This is what led to the creation of OakNorth – the bank for entrepreneurs, by entrepreneurs. The bank secured its license in March 2015 and began trading six months later in September offering loans of £0.5m-£25m.
Since then, it’s managed to:
Become the first UK bank to be fully-hosted on the cloud (May 2016);
Turned cash flow positive in month 11 (August 2016) and will achieve just shy of double-digit profitability this year;
Grown its loan book to over £900m;
Raised over £300m from a number of investors, including: GIC, Toscafund, Coltrane, Indiabulls and The Clermont Group;
Become the fastest financial services company in UK or European history to reach a unicorn ($1bn) valuation (October 2017); and
Been shortlisted for and won almost 20 awards, including City A.M.’s Bank of the Year (2017).
Three decades ago, Anne Boden pioneered the UK’s first same-day payment service – and in the process transformed the future of electronic money. Today, that revolutionary zeal continues to inform her work at Starling Bank, the mobile-only current account app she launched earlier this year.
Recently recognised as one of the Global Power Women in FinTech, Anne’s worked at a senior leadership level across some of the world’s best-known financial heavyweights, among them Lloyds and Royal Bank of Scotland. It was during her tenure as CEO of Allied Irish Banks, however, that she begun to explore the exciting potential of financial technology for transforming customer’s everyday lives.
At heart a tech start up with a banking licence, Starling is a challenger bank built on a foundation of disruptive emerging technology, working to take on traditional legacy banks and help people to develop a healthier relationship with their money.
Nikolay is the founder and CEO of Revolut, one of the fastest growing fintech startups in the world. It is a platform to use and manage money around the world. Prior to founding Revolut alongside with Vlad Yatsenko, Nikolay worked for Lehman Brothers’ emerging markets trading desk, and another five years as an equity derivatives trader at Credit Suisse.
Steve O’Hear is best known as a technology journalist, currently at TechCrunch where he focuses on European startups, companies and products. In June 2011, Steve took a break from journalism to co-found the London and Prague-based startup Beepl. In his role as CEO, he helped the company raise its first VC round, along with seeing the Question & Answer site through development, and a high profile public launch. In November 2012, Beepl was acquired by Brand Embassy. Along with TechCrunch, Steve has written for numerous publications, including ZDNet (where he wrote the well-respected blog ‘The Social Web’), The Guardian, Macworld, TES, Last100 and ReadWriteWeb. He also wrote and directed the critically acclaimed Silicon Valley documentary ‘In Search of the Valley’, which was released in September 2006. In recognition of his contribution to e-learning, Steve was made a fellow of the National Endowment for Science, Technology and the Arts in 2002. From 2004 to 2005 he served on the Board of Governors for the University of East London.