Wave's Kirk Simpson on what it takes for SaaS firms to offer banking products

The following was produced by Tearsheet Studios. We worked with Wave, a financial software company for entrepreneurs and small businesses, to create a three part podcast series on what micro businesses and solopreneurs really need now from their banks, financial service providers, and financial software. Personal finance app Mint inspired a lot of things. As an early fintech, it showed users the potential of what it could be like to successfully manage your personal finances. For entrepreneurs, Mint also was inspiring, showing the power a financial services app could have to amass millions of users. Mint inspired other founders to launch their own offerings in the space. It definitely inspired Wave’s Kirk Simpson. He was especially interested in Wave’s pricing model: free.