Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Peter Renton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Peter Renton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Kyle Mack, CEO of Middesk, on creating a modern business identity platform

33:44
 
Share
 

Manage episode 460283472 series 3340356
Content provided by Peter Renton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Peter Renton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Small business data is very different to consumer data. When a person is born, they don't need to go and open a bank account, obtain a line of credit or apply for some kind of permit. But a business may be three days old and want all those things. This creates a data challenge. This new business has little to no digital footprint and so the available data may be negligible. Which makes it hard and risky for banks and fintechs to work with them. Enter Middesk.

My next guest on the Fintech One-on-One is Kyle Mack, the CEO and Co-Founder of Middesk. They are focused on business identity data and have spent a great deal of time and effort making it easier for banks and fintech to verify any business, including those that might only be a few days old. How they are able to do that makes for a very interesting discussion.

In this podcast you will learn:

  • The idea that led to the founding of Middesk.
  • Why solving for business identity is so difficult.
  • Middesk's three core product offerings.
  • How they moved from fintechs to banks, to the mega-banks.
  • The shockingly low percentage of new business bank accounts that are approved automatically at banks.
  • The details of the report they send to their customers for each business.
  • How they work with the business data they receive from state and local governments.
  • The huge challenges of obtaining and working with this data.
  • How they interact with those companies helping to create new business entities.
  • Why they created their Address Risk Insights Tool and why it is important.
  • How one address in Wyoming has 375,000 businesses "operating" there.
  • How Middesk is working with lenders today.
  • The scale they are at today.
  • Why the incumbents have not created an offering like Middesk.
  • Kyle's vision for the future of Middesk.

Connect with Fintech One-on-One:

  continue reading

584 episodes

Artwork
iconShare
 
Manage episode 460283472 series 3340356
Content provided by Peter Renton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Peter Renton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Small business data is very different to consumer data. When a person is born, they don't need to go and open a bank account, obtain a line of credit or apply for some kind of permit. But a business may be three days old and want all those things. This creates a data challenge. This new business has little to no digital footprint and so the available data may be negligible. Which makes it hard and risky for banks and fintechs to work with them. Enter Middesk.

My next guest on the Fintech One-on-One is Kyle Mack, the CEO and Co-Founder of Middesk. They are focused on business identity data and have spent a great deal of time and effort making it easier for banks and fintech to verify any business, including those that might only be a few days old. How they are able to do that makes for a very interesting discussion.

In this podcast you will learn:

  • The idea that led to the founding of Middesk.
  • Why solving for business identity is so difficult.
  • Middesk's three core product offerings.
  • How they moved from fintechs to banks, to the mega-banks.
  • The shockingly low percentage of new business bank accounts that are approved automatically at banks.
  • The details of the report they send to their customers for each business.
  • How they work with the business data they receive from state and local governments.
  • The huge challenges of obtaining and working with this data.
  • How they interact with those companies helping to create new business entities.
  • Why they created their Address Risk Insights Tool and why it is important.
  • How one address in Wyoming has 375,000 businesses "operating" there.
  • How Middesk is working with lenders today.
  • The scale they are at today.
  • Why the incumbents have not created an offering like Middesk.
  • Kyle's vision for the future of Middesk.

Connect with Fintech One-on-One:

  continue reading

584 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play