Micky Malka

I'll give some background here.

I was about to record with Mickey Malka.

I was in the Bay Area.

And, you know, I try to sell ads for you all the time.

The future looks much more homogeneous than the past, even for financial services.

If I force you to put your investor hat on, thinking about fintech writ large and where there might be other opportunities beyond the ones that you're focused on addressing, if I were to adopt the phrase of our great mutual friend Mickey Malka, who said a couple of years ago, "Fintech is dead," maybe he's the best fintech investor ever, and now he's doing less of that and more things in AI and power and data and things like this.

How would you frame the global opportunity to invest in fintech businesses of new companies, of startups, versus companies like yours that have the scale, can go take advantage of a lot of this thing? Like, if I think about that battle between if I want to invest in fintech, should I do it in the incumbents, you're a new incumbent, let's call you, and to pure startups.

Like, what do you think the opportunity set looks like?

She is on Walmart's board, obviously has deep experience and expertise in fintech.

She organized a dinner between the then CEO of Walmart, Doug McMillan, he's since retired, And Mickey Malka, again, someone that I'm sure you and your audience know well, founder and managing partner at Rivet Capital.

And really the idea behind, you know, Sarah getting Doug and Mickey together.

And then Doug, by the way, very quickly brought in John Ferner, who was running Walmart US at the time and is now CEO of Walmart since Doug's retirement.

Like the structure of having a startup where you build the right team, you build the right culture, everyone is rowing in the same direction.

You know, the priorities of the company are, you know, not the priorities of your corporate investor are incredibly important.

And the third thing I'd say is, you know, the involvement of a world-class investor like Ribbit Capital and Mickey Malka.

They, as you, again, are very familiar with Rivet's portfolio.