$480 - $4.7bn Australia's OG Peer to Peer Lender: Michelle Bagnall - Bank First

**Looking to upscale your fintech leadership team? Start at tieronepeople.com** Michelle Bagnall is the CEO of BankFirst, a mutual bank with 92,000 members and $4.7 billion in assets that exists to serve nurses and teachers in Australia. In this episode she tells Dexter the origin story of a bank that started with $480 in a shoebox, explains why nobody at BankFirst gets paid a bonus, and makes the case that mutuals were the original fintech startups. 00:00 Introduction  03:08 The Origins of Bank First and Peer-to-Peer Lending 05:30 Understanding Mutual Banks and Their Model 10:54 Competing with Big Banks and Neo Banks 14:24 Leadership and Culture at Bank First 21:15 Finding Passion and Purpose in Banking 31:04 Bank First's Role in Supporting Members During Economic Challenges 36:00 The Complexity of Financial Solutions and Collaboration 40:47 Opportunities at Bank First Links Michelle Bagnall LinkedIn: https://www.linkedin.com/in/michelle-bagnall/ BankFirst: https://www.bankfirst.com.au Tier One People: https://www.tieronepeople.com Dexter Cousins LinkedIn: https://www.linkedin.com/in/dextercousins/ Send us Fan Mail Connect on with Dexter Cousins on Linkedin Hire Exceptional Fintech Talent Subscribe on LinkedIn