Breaking Banks

Breaking Banks


Episode 406: The Power to Amplify

September 09, 2021

Today Brett and I talk to Nick Elders, fintech provocateur, president and co-founder of SPARK from Ignify Technologie. SPARK is a social mission-driven company whose cloud-based loan origination platform helped them originate $9 billion in aggregate loan activity through over 50,000 loans in the first 2.5 months of PPP. This is not another story of a small business lending platform, however. It is about the power of purpose and the need for intentionality. Networks become powerful amplifiers - of either good or propagating old stereotypes and systemic bias.