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.)

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”

Podcasts

‘Our bet is that ESAs will be similar to the last 20 years of HSAs’: SecureSave’s Devin Miller

  • SecureSave is trying to popularize the Emergency Savings Account, which functions similar to a Health Savings Account and is intended to help employees save for an emergency.
  • Devin Miller is a co-founder of SecureSave and is following the HSA playbook for bringing his firm and ESAs to market.
Zachary Miller | December 08, 2022
Podcasts

Steez Podcast #2: Gen Zers and the creator economy

  • Today’s episode is all about the creator economy. Host Rebecca Cohen was joined by Tony Tran, CEO of Lumanu, Blake Michael, Creator with 5M+ followers, actor and entrepreneur, and Julia Montgomery CEO and founder of Influent.
  • The industry is light years behind conquering the Gen Z mindset. That’s why we’ve partnered with Publicis Sapient to create #STEEZ, a hub for finserv potentials to learn more about Gen Z and what it means to capture and delight them.
Tearsheet Editors | December 07, 2022
Podcasts

How FNBO built Bend, an in-house credit card as a service offering with Marc Butterfield

  • Stories about a traditional institution evolving into something new are compelling – it’s just really hard to do.
  • FNBO’s Marc Butterfied joins us on the podcast to discuss Bend, the bank’s in-house credit card as a service offering, and its work with Greenlight to launch a credit card used by families and kids.
Zachary Miller | December 05, 2022
Payments, Power of Payments Podcast

Power of Payments Ep. 19: Stripe’s Josh Ackerman on the changing nature of online checkout

  • Josh Ackerman, Product Lead at Stripe, joins host Ismail Umar on this week’s podcast.
  • He talks about the existing gaps between consumer expectations from online checkout and what most merchants currently offer, as well as how the checkout experience has evolved over the years.
Ismail Umar | December 02, 2022
Green Finance, The Green Finance Podcast

The Green Finance Podcast Ep. 14: COP27 – is finance ready to move from pledges to implementation?

  • COP27 ended around a week ago, and by now we've all probably seen the headlines – an agreement was finally reached to create a loss and damage fund. But what about GFANZ?
  • To help us get a better sense of what happened at the conference, today we're chatting with Lubomila Jordanova, the founder and CEO of PlanA.
Iulia Ciutina | November 30, 2022
More Articles