Building the Next Killer App in Global Payments
Over the past year we’ve talked extensively about the unbundling of the banks and how a wave of best of breed startups are attacking them at scale. Perhaps one of the biggest European success stories of this is Transferwise, now with over 400 people, transferring over $700m per month across 400 routes. Earlier this year they recently raised a $58M round lead by Andreessen Horowitz.
“No drama, good karma” — Kristo Käärmann
I recently had the pleasure to sit down with CEO, Kristo Käärmann at Slush in Helsinki, to discuss the journey of building a global category leader, the key role of company culture, fundraising strategy and of course the importance of having a sauna in your office.
Additional Recent Posts from the Mosaic Ventures Team:
Where is all the innovation in insurance? Let the capital flow — A giant and heavily regulated industry which many would argue has lost sight of its customers should be ripe for attack. After all, entrepreneurs are tackling some of the toughest challenges in sectors like healthcare, transportation and financial services, using software to radically transform the product offering. Yet insurance has been overlooked, protected by large capital requirements and regulatory complexity…Read More
The Challenges Of Building AI Apps — Artificial intelligence has an intellectual lineage stretching back to the greats of computer theory, Turing and ultimately Babbage, inventor of the calculating machine. What we now see in London, where leading teams such as Deep Mind are working on machine learning, is the movement from the realm of computer science to practical uses, and business cases…Read More
Unbundling of the Banks in Europe: Who will disrupt banking? We’ve all heard about the opportunity from a breakdown in trust after the financial crisis, but little about who will replace the full service financial institutions in retail and investment banking. Since the birth of the internet, only a handful of US companies such as Etrade, Lending Tree, and Bankrate have successfully built new mass consumer financial services brands and they were all launched in the late ‘90s…Read more
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