31 min
E5 - Our Startup's SVB Story & Why You Need Multibank Cash Management More Than Ever Fintech Corner
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- Business
“What’s my exposure?” “Can I access my cash?” “How can I protect my company’s liquidity moving forward?” Startups were all asking these questions as the SVB collapse played out and Trovata was no exception.
In this episode of Fintech Corner, JD and Brett share their reactions to the collapse, its implications for every business, and tools to power a proactive multibank cash management strategy.
Episode highlights:
Trovata’s SVB story, including JD and Brett’s honest reactions as it unfolded
The importance of a multibank cash management strategy and greater visibility therein
How open banking APIs will play an even more vital role in modern treasury management
Free cash management resources to future-proof your liquidity management
Additional Resources:
Monitor your bank’s connection status: https://bit.ly/3Zvp7fQ
SVB Collapse: Cash Management Resources for Startups: https://bit.ly/3M2FWM6
Managing Cash Post-Silicon Valley Bank Collapse: What Your Company Needs to Know: https://bit.ly/3lWBrYH
Connect your first bank for free TODAY!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at hthttps://bit.ly/3JXHbcC.
Connect with our hosts:
Joseph “JD” Drambarean
Brett Turner
About Joseph “JD” Drambarean
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
“What’s my exposure?” “Can I access my cash?” “How can I protect my company’s liquidity moving forward?” Startups were all asking these questions as the SVB collapse played out and Trovata was no exception.
In this episode of Fintech Corner, JD and Brett share their reactions to the collapse, its implications for every business, and tools to power a proactive multibank cash management strategy.
Episode highlights:
Trovata’s SVB story, including JD and Brett’s honest reactions as it unfolded
The importance of a multibank cash management strategy and greater visibility therein
How open banking APIs will play an even more vital role in modern treasury management
Free cash management resources to future-proof your liquidity management
Additional Resources:
Monitor your bank’s connection status: https://bit.ly/3Zvp7fQ
SVB Collapse: Cash Management Resources for Startups: https://bit.ly/3M2FWM6
Managing Cash Post-Silicon Valley Bank Collapse: What Your Company Needs to Know: https://bit.ly/3lWBrYH
Connect your first bank for free TODAY!
This episode is brought to you by Trovata.io.
Trovata.io empowers everyone to analyze, report, forecast, move – manage cash like a pro – no matter who your business banks with. Save time, ensure data accuracy, and drive smarter decisions with access to your data across multiple banks and accounts - it’s free to get started. Learn more about Trovata at hthttps://bit.ly/3JXHbcC.
Connect with our hosts:
Joseph “JD” Drambarean
Brett Turner
About Joseph “JD” Drambarean
Joseph Drambarean is the Chief Product Officer as well as CTO at Trovata. Joseph is one of the founding members of the company and the first engineer. Before Trovata he worked with companies like Capital One where he was at the forefront of digital transformation, leading product management as head of the innovation labs and mobile banking teams. Joseph is driving innovation around rapid deployment and customer onboarding, bank-grade security, and machine learning at Trovata, creating a more consumerized user experience for customers from small businesses to enterprises.
Connect with JD on Linkedin: https://www.linkedin.com/in/jdrambarean
About Brett Turner:
After starting his career as a CPA with the Deloitte audit practice, Brett gained progressive experience in corporate finance and accounting managing SEC reporting for Amazon and then becoming VP of Finance for Worldwide Packets (sold for $300M+ in 2008). Across his last three roles as a startup Co-Founder / CFO, Brett has raised over $100M in equity and venture debt financing while helping create over $500M in shareholder value. Today, he is the founder and CEO of the cash management platform, Trovata. Brett is a Seattle native, with a BA in Finance from Seattle Pacific University.Connect with Brett on Linkedin: https://www.linkedin.com/in/brett-turner/
31 min