From bootstrapping to capital investment

In the fourth episode of Biz Bites, Brianne West is joined by Banqer cofounder, Kendall Flutey, to discuss youth financial literacy and her startup strategies. 

Here’s a ChatGPT precis of the transcript for this week’s episode or listen here.

Flutey says that Banqer emerged when she realised the importance of financial education for her younger brother. She then shares her journey from failed accountant to creating the software-based financial literacy platform.

The conversation delves into the challenges of starting a purpose-driven business and the significance of taking the first step. Flutey discusses Banqer's goal to financially educate the world and emphasises the impact of instilling financial knowledge in children, creating a ripple effect in society.

The host and founder touch upon the concept of "big hairy audacious goals" (BHAG) and the importance of authenticity in businesses. They also explore how Banqer measures its impact through improvements in financial literacy, financial capability, and financial confidence.

The founder discusses the company's unique approach to funding, including bootstrapping for the first seven years and the recent injection of capital to accelerate growth. 

‍Biz bites, a segment of Now that’s what I call Business!, features “snappy snippets” with founders sharing their expertise to help others build their businesses.