The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network TIP415: Adventures in Fintech with Logan Allin
Jan 21, 2022
Logan Allin, Managing General Partner and founder of Fin, shares his insights into the rapidly evolving fintech industry. He discusses how the pandemic has accelerated B2B SaaS tailwinds and the burgeoning opportunity for financial data transitioning to the cloud. Logan offers strategic advice for fintech founders, reflecting on the challenges posed by recent market volatility. He also evaluates SOFI’s stock performance, drawing from his experience as a former VP there, and highlights the importance of clear metrics in assessing SaaS companies.
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Portfolio Synergies
- Fin invests in companies within specific fintech subsectors to create a synergistic portfolio.
- Examples include Natomi, a customer success platform, and Singtera, a banking-as-a-service company.
Cloud Migration Opportunity
- Only 10% of financial information is currently stored on the cloud, representing a massive opportunity.
- The main obstacles are legacy technology and the mindset of bank CTOs.
SaaS Metrics
- SaaS pricing and revenue recognition are often broken, leading to mispricing and vanity metrics.
- Focus on key metrics like net dollar retention, which indicates revenue stickiness.
