Member Exclusive, Podcasts

“It is so expensive to get those 10 first bank customers’: JAM FINTOP’s new fund has 66 community bank LPs

  • There's a lot of money flowing into fintech from a lot of different sources.
  • A new fund, built in partnership between a fintech investor and bank investor, brings capital from community banks to tech firms.
close

Email a Friend

“It is so expensive to get those 10 first bank customers’: JAM FINTOP’s new fund has 66 community bank LPs

Money continues to pour into the space. From IPOs to large venture rounds to SPACs, there’s a lot of liquidity sloshing around. And yet, there are still lots of opportunities. 

JAM FINTOP Banktech is a $150 million investment fund, looking to deploy capital into tech firms serving community banks around the US. What’s really interesting is all 66 of the fund’s limited partners are community banks, accounting for $600 billion in assets. That would rank as the fifth largest US bank. The fund is a partnership between Fintop Capital and Jacobs Asset Management (which we’ll refer to as JAM.)

On today’s show, we have Joe Maxwell of Fintop, joined by Adam Aspes and Ryan Zacharia of Jacobs Asset Management on the show to talk about the fund and its investments, sure. But it’s also a conversation around the future of community banking and what kinds of tools and technologies they’ll need to be competitive in the future.

SubscribeApple Podcasts I SoundCloud I Spotify I Google Podcasts
The following excerpts were edited for clarity.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account

0 comments on ““It is so expensive to get those 10 first bank customers’: JAM FINTOP’s new fund has 66 community bank LPs”

Data, Podcasts, Sponsored

‘As far as next gen cores are concerned, fintechs lead the way’: Fiserv’s Frank Sanchez

  • Fiserv’s vice chairman and Finxact’s co-founder, Frank Sanchez, joins us on the Tearsheet Podcast.
  • Listen or watch our talk about the promise and challenge of next gen cores, how they’re leveraged by fintechs to push open finance forward, and what innovations we can anticipate in the near future.
Fiserv | August 12, 2022
Podcasts

Jiga embeds payments in manufacturing workflows

  • Embedding payments -- done right -- means finding the right contextual moments to add payments to a workflow.
  • That's what Jiga, a SaaS for manufacturing, is doing with its customers.
Zachary Miller | August 09, 2022
The Green Finance Podcast

The Green Finance Podcast Ep. 6: The fight against financial discrimination with BetaBank founder Seke Ballard

  • Despite US laws aiming to protect against discriminatory lending practices, a disproportionate majority of those refused capital in traditional banks are historically underrepresented and underserved groups.
  • Our guest today is Seke Ballard, founder and CEO of BetaBank – a digitally native, Black-owned bank built for SMBs with a mission to provide fair, accessible, and cost-effective deposit and lending services to all.
Iulia Ciutina | August 05, 2022
Acquire Podcast, Modern Marketing, Podcasts

The Acquire Podcast Ep. 15: Lili is making taxes sexy, one IRS Cocktail at a time

  • Lili’s VP of creative marketing, Matthieu Silberstein, joins us on The Acquire Podcast.
  • Going for the perfect customers (instead of the many), the three year old banking app is going back to its roots of making taxes easier – while grounding their new brand book in today’s definition of business success.
Rebecca Cohen | August 04, 2022
Where Credit's Due Podcast

Where Credit’s Due Ep. 6: Digitizing commercial banking with Q2 and TD Bank

  • Banks are starting to digitize and upgrade their commercial and SMB infrastructure, and various companies are coming in with software products to help them bridge this gap.
  • Joining me today are Paul Margarites, Head of U.S. Commercial Digital Platforms at TD Bank and Kirk Coleman, Chief Banking Officer at Q2.
Iulia Ciutina | August 03, 2022
More Articles