Matt joined Moula in early 2017 after an extensive career spanning strategy, innovation and commercialisation in new business and markets. Matt’s previous roles have included Head of Commercial, International Markets at Paddy Power Betfair (London, FTSE50), Head of Strategy & Innovation at Sportsbet, founder of two AI driven tech apps Laika and Interaction Dynamics and was on the founding team of Deloitte Digital.
Simon Dennis opened by saying that data tells us that 80% of SMEs can’t get money from a bank. Run those numbers of 1.2m SME customers there’s a lot of people commercially that’s a huge problem.
Matt Leeburn said that conflicts of investment partnerships often happen. Most partnerships don’t work out in the end as a good article in the Harvard Business Revie points out. You must be truly aligned for it to work otherwise it won’t work.
James Boyle said a top difficulty with partnership is how they play out if a partner wants to team up with a competitor? He said the best solve was if you get the partnership right the co-dependency should become so deep that they come to us anyway.
Richard Williamson, on another note, said that China showed the way forward on fintech with Ant Financial having 400m clients and the largest credit bureau in China. Now the banks are coming to Ant to use the bureau. It’s a business they’re doing a fundraise. It’s leapfrogged the banks in so many ways.