Wharton FinTech
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Wharton FinTech

Scaling a Payments Business with Mike Vaughan, former COO of Venmo & Executive-in-residence at Oak HC/FT

In our latest podcast, Peter Jankovsky (WG’20) is joined by Mike Vaughan. Mike is currently an Executive in Residence at Oak HC/FT, a leading venture capital firm investing in early to growth-stage companies in healthcare and fintech with ~$2 B in AUM. Prior to this role, Mike was the COO of Venmo, scaling the business from the ground floor to 40 Million active users, a $300 Million revenue run rate, and $100 Billion in payments in 2019.

In this episode, Mike shares:

  • His background and why he jumped into entrepreneurship after graduating from Wharton
  • Lessons learned from the early days of Venmo
  • The key decisions that enabled Venmo to scale over time
  • Mike’s focus at Oak HC/FT and his view on where the next wave of innovation will be in FinTech
  • Advice for those starting their careers in FinTech

Over more than two decades, Mike has developed successful businesses across multiple industries, including three exits totaling >$1 B in market value. He currently serves as an independent board member and active advisor to several early and growth-stage enterprise and consumer tech companies. Mike graduated with an economics degree from Wharton.

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Miguel Armaza

🎙Co-President/Podcast Host @WhartonFintech. Fintech investor @ Gilgamesh. 📚MBA/MA Candidate @Wharton/@LauderInstitute. Author of Fintech Leaders Newsletter✍️