The Bootstrapped Fintech That Is Funding $250MM in Canadian Business w/ David Gens

The Bootstrapped Fintech That Is Funding $250MM in Canadian Business w/ David Gens

For many businesses, the 2008 financial crisis was a death blow. But for at least one opportunistic entrepreneur, it was the moment he made a game-changing dive into a fintech business.

David Gens is the Founder, President, and CEO of Merchant Growth, a fintech specializing in delivering financing to small retail businesses in Canada.

David joined me on the Payments Innovation podcast to share how he’s leveraging AI to deliver game-changing financing to small business.

What we talked about:

  • How the 2008 financial crisis impacted financial services
  • Traditional financial institutions aren’t really competitors anymore in the small business financing arena
  • David’s first challenge was building trust with small business owners
  • David alleviated some of the trust issues by partnering with big-name logos
  • Merchant Growth’s financing structure: built on data
  • Leveraging AI to drive financing
  • One fintech CEO’s predictions about the financial services
  • Small retail businesses needed a new funding source after the 2008 financial crisis

To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.

Until next time!

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