Foundation Capital's Zach Noorani on How Fintech Is Reinventing Finance’s Infrastructure

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Zach Noorani
Photo courtesy of Foundation Capital

Foundation Capital's Zach Noorani joins this episode of the LA Venture podcast to talk about how traditional banking will change in the future and why he's excited for the rise of neobanks.


As a partner at Foundation, Noorani leads the firm's early-stage investments in financial technology (fintech).

"And 12, 15 years ago, telling someone at a big fund that I was a fintech investor, they get sort of a blank stare, you know, it was just kind of a niche… Fast forward to today: It's wild to see the growth in all dimensions," said Noorani.

Noorani landed a corporate strategy role at Capital One right out of college.

"From there, it was a lot of exposure to kind of the vanguard of what's happening in the industry from an innovation perspective," he said.

He started working with early-stage fintech companies as they experimented with innovations like the prepaid debit market–early versions of "buy now, pay later" approach–a model, he said, that has become popular as an alternative payment option.

Noorani is also watching the rise of neobanks closely. To a young person, he said, going to a physical bank is completely alien. Services like Venmo and Cash App have become popular for features that include early paycheck cashing and avoiding bank fees.

Noorani said the wallet may be the next analog casualty as companies like Apple make strides in digitizing how we pay for things and what we need to carry.

"Do we slowly get rid of our checkbooks? Do we slowly get rid of our wallets?” he asked, “Yeah, we totally do."

Noorani doesn’t think traditional banks will go away completely. Branch offices will still be important for those buying a house or small business owners.

dot.LA Engagement Intern Joshua Letona contributed to this post.

Hear the full episode by clicking on the playhead above, and listen to LA Venture on Apple Podcasts, Stitcher, Spotify or wherever you get your podcasts.

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Plus Capital Partner Amanda Groves on Celebrity Equity Investments

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
PLUS Capital​’s Amanda Groves.
Courtesy of Amanda Groves.

On this episode of the L.A. Venture podcast, Amanda Groves talks about how PLUS Capital advises celebrity investors and why more high-profile individuals are choosing to invest instead of endorse.

As a partner at PLUS, Groves works with over 70 artists and athletes, helping to guide their investment strategies. PLUS advises their talent roster to combine their financial capital with their social capital and focus on five investment areas: the future of work, future of education, health and wellness, the conscious consumer and sustainability.

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Rivian Stock Roller Coaster Continues as Amazon Van Delivery Faces Delays

David Shultz

David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.

Rivian Stock Roller Coaster Continues as Amazon Van Delivery Faces Delays
Courtesy of Rivian.

Rivian’s stock lost 7% yesterday on the back of news that the company could face delays in fulfilling Amazon’s order for a fleet of electric delivery vans due to legal issues with a supplier. The electric vehicle maker is suing Commercial Vehicle Group (CVG) over a pricing dispute related to the seats that the supplier promised, according to the Wall Street Journal.

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