Wholesale Finance Innovation for Banks - John Mizzi, Founder & CEO of Vero Technologies
John Mizzi from Vero Technologies joined me to talk about his founder journey and the dual value proposition his company offers to banks and some of the larger commercial customers who hold and sell physical inventory.
We discussed how challenging it's been for many banks to manage their wholesale finance business, and how Vero built the modern platform to make it better, faster and more scalable. They've already brought banks back to this line of business, and are also showing banks how offering it can help them gain banking business from auto, equipment and other dealers of larger ticket merchandise; and in many cases earning the primary bank deposit business from them in the process.
John also shared a lot about his entrepreneurial journey and how this one is different from his past experiences, as well as how he's benefited from working with strategic accelerators like ICBA's ThinkTECH one.
Thanks also to show sponsor, BankTech Ventures.
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