For many businesses, the 2008 financial crisis was a death blow. But for at least one opportunistic entrepreneur, it was the moment he made a game-changing dive into a fintech business.

David Gens is the Founder, President, and CEO of Merchant Growth, a fintech specializing in delivering financing to small retail businesses in Canada.

David joined me on the Payments Innovation podcast to share how he’s leveraging AI to deliver game-changing financing to small business.

What we talked about:

• How the 2008 financial crisis impacted financial services
• Traditional financial institutions aren’t really competitors anymore in the small business financing arena
• David’s first challenge was building trust with small business owners 
• David alleviated some of the trust issues by partnering with big-name logos
• Merchant Growth’s financing structure: built on data
• Leveraging AI to drive financing
• One fintech CEO’s predictions about the financial services
• Small retail businesses needed a new funding source after the 2008 financial crisis

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Until next time!

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