Michael Broughton, Altro - The Fintech Series

The Real Maxime Podcast by Raido

Episode notes

In this episode, we are joined by Michael Broughton, Thiel Fellow and Founder of Altro, a Y Combinator Class of 2020 startup backed by Pendulum, Marcy Ventures, Citi Ventures, Black Capital Fund, Concrete Rose Fund that uses recurring monthly expenses, including rent and subscriptions like Netflix or Spotify, to build one’s credit. While attending USC, Michael was denied a $10k loan needed to cover the remainder of his tuition due to family finances and a lack of credit history. This frustrating catch-22 inspired Michael to create Altro, a business focused on financial inclusion. In this insightful conversation, we discuss the potential of innovation to address financial inclusion, the importance of personal storytelling in pitching investors, the power of mentors and human capital scaling, and how to separate hype from execution in a new era of  ... 

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entrepreneurshipventure capitaleconomicsfintechcreditlendingregulationbankingmachine learningleadershipinnovationpayments