economy
I Helped Turn a California Bank into One of America's Fastest-Growing. Now I’m Building a Company to Serve the People That Banking Has Failed
I came of age in finance in investment banking in the U.S. during the boom and bust of dotcom era. I continued in finance by shifting into private equity, working for a multibillion-dollar fund, and it was a tough time, a really tough time.
TL;DR
- The author's early career involved challenging roles in investment banking and private equity during the dotcom era.
- He successfully transformed Banc of California from a small institution with $600 million in assets to $17 billion, making it the fastest-growing bank in America for three consecutive years.
- Recognizing a significant gap in financial services for the growing creator economy, he co-founded MAKE.
- MAKE offers a banking platform tailored to creators, freelancers, and digital entrepreneurs with complex, multi-currency, and cross-border income streams.
- The company has prioritized compliance, risk management, and robust banking infrastructure to build trust.
- The author advises traditional banks to adapt their offerings to the modern workforce rather than serving an outdated model.