Hey friend, happy Tuesday! Apologies for taking last week off on updates and finds. We’ve been preparing for our latest release and Afore Capital demo day, both of which are happening today!
It’s been quite the journey to get to this point, and I want to thank you all for being so supportive with feedback along the way! Here’s a quote from The Alchemist that encapsulates the ride so far, which I think many of my fellow dreamers will appreciate:
What you still need to know is this: before a dream is realized, the Soul of the World tests everything that was learned along the way. It does this not because it is evil, but so that we can, in addition to realizing our dreams, master the lessons we've learned as we've moved toward that dream. That's the point at which most people give up. It's the point at which, as we say in the language of the desert, one 'dies of thirst just when the palm trees have appeared on the horizon.
It feels like we’re now seeing the palm trees on the horizon. Good days ahead for Reconcile because of you! 🏝🏝🏝
As mentioned, we’re participating in Afore Capital’s demo day today! If you want to attend, you may still be able to sign up using this link.
Here’s a quick preview at our Siri experience, which can quickly offload your reconciliation process onto our smart AI instead
🤑 Fintech Finds 🤑
Going to leave behind noteworthy long-format reads and articles this week and will be back next Tuesday with more in-depth commentary!
Alex Johnson shared great insight into the future of small business lending, which to him is a lot like early stage startup investing - thinking more about what could be rather than what is today.
Rohit Sharma outlined the Buy Now Pay Later industry, which is on fire! The average American has over $6,000 in credit card debt. Yet, we continue to build solutions offering more credit. I truly think we’ve entered the Twilight Zone in financial solvency as there’s truly a lack of common sense about how much debt exists in the world. Honestly, does anyone think the US will ever repay the $20 trillion it owes? If the wealthiest nation in the world doesn’t pay off its debts, why should I? For the lower and middle class, whom the Buy Now Pay Later industry markets towards, it’s a very fair question. We need to rethink how we offer credit and if it’s fair for the more financially instable to be the profit centers for big banks and lenders, ESPECIALLY when their cost of capital is close to zero.
🤖 Voice Tech Finds 🤖
Matthew Bell wrote a very detailed piece on the future of audiotech and the drivers for winning the next frontier. Not exactly voice tech but there’s a connection with hearables like Airpods creating new behaviors for on-the-go voice and audio adoption.
Also found this gem from Venmo - to think they pioneered the P2P voice payment use case nine years ago …
P.S. If you appreciate these newsletters and want to help us develop more content, we’re looking to bring a marketing lead onto the team. Reach out if you’re interested! Otherwise, would love it if you could help spread the word and share your favorite newsletter!!!