Member Exclusive, Podcasts

Unconventional Ventures’ Theodora Lau: ‘We can do better and we have the technology to do it”

  • The financial services industry has fallen short on taking care of the unbanked and underbanked.
  • Our guest on the podcast today is working to focus the industry on fixing what's broken.
close

Email a Friend

Unconventional Ventures’ Theodora Lau: ‘We can do better and we have the technology to do it”

Today’s guest is Theodora Lau, founder of Unconventional Ventures. When you listen to her, Theo challenges the industry to do better. Instead of producing another colored metallic debit card, she’d like to see real financial innovation that helps the people hurting the most. The unemployed. The poor. The older demographic.

We discuss the financial industry’s relationship with consumer wellbeing and where needs aren’t being met. Theo describes what would need to happen to improve financial outcomes. Lastly, we talk about AI and algorithms and the challenges they impose on us all.

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

Challenging the status quo

Many of the founders we run into that focus on serving the underserved typically have a story, a passion for trying to change the industry. 


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 — $59/mo Already an Outlier member? Sign in to your account

1 comments on “Unconventional Ventures’ Theodora Lau: ‘We can do better and we have the technology to do it””

  • I thought colored credit cards were innovation ;-). You could argue that many of the “Challenger Banks” aren’t just digital versions of banks and not “challengers” in the typical startup sense of trying to break the wheel. Obviously regulations and other factors may prevent massive changes, but we definitely need to do better. Agree with Theodora on Aspiration in terms of trying to do something “different” than the rest.

Outlier OpinionsMakers

Podcasts

‘Early investors didn’t get going global’: Rapyd’s CEO Arik Shtilman on growing 4x in 2020

  • Revenue quadrupled in 2020 for Rapyd, an embedded payments player.
  • The company just raised $300 million to invest in growth of products and marketing in its global expansion.
Zachary Miller | January 13, 2021
New banks, Podcasts

‘With a $4 billion budget, we can do quite a bit around heritage technology’: Chase’s CIO, Rohan Amin

Zachary Miller | December 23, 2020
New banks, Podcasts

‘Freelancers need a business and personal account under one roof’: Oxygen’s Hussein Ahmed

  • With all the banking options, freelancers find themselves with products that don't fit their needs.
  • Oxygen's CEO joins us to talk about what freelancers need from their banks and how to give it to them.
Zachary Miller | December 22, 2020
Online Lenders, Podcasts

‘We see a lot of whitespace in credit cards for near prime customers’: Avant’s James Paris

  • Avant was one of the first digital lenders.
  • Almost eight years later, CEO James Paris is leading the company into new financial products.
Zachary Miller | December 21, 2020
New banks, Podcasts

Santander’s Patrick Smith on the state of SMB banking in the U.S.

  • Santander has 150,000 small business clients across its seven state footprint.
  • Head of small business banking, Patrick Smith joins us on the podcast.
Zachary Miller | December 16, 2020
More Articles