E24: Empowering SMB Banking with Neobanking w/ Michael Mire
Guest Intro:
Michael Mire (https://www.linkedin.com/in/michaelmire/) is a fintech entrepreneur, investor, advisor, and the Co-Founder and CEO of Pillar Financial (https://www.gopillar.ca/).
He helps entrepreneurs live their dreams by creating small business bank accounts that save time and energy for businesses through simplicity and convenience.
Pillar is Canada's first neobank dedicated to business owners. Pillar is a digital-first business account integrated with all the financial tools a business needs to get paid, make payments, manage expenses and cashflow.
Episode timeline:
(00:29) Why becoming an entrepreneur to begin with?
(02:19) What is a Neobank and why do consumers and businesses need it?
(04:44) Difference between a Neobank and a Traditional bank
(09:14) Are consumers better served with traditional banks? Yes?
(15:00) Finding the right market for Neobank customers
(17:23) Growing a fintech business
(20:09) Moving fast and slow and their impact on a team’s culture
(22:39) Challenges of working remotely and its impacts on culture
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