Matthew Peacey, Executive Director at FundTap
A Ph.D in Microbiology and Immunology turned startup founder, Matt Peacey, Founder of FundTap has traversed a very atypical path into becoming a FinTech entrepreneur.
Although he loved his time as a scientist focused on virology and vaccines of all things, Matt had a strong desire to build something to which he was ultimately accountable for. His startup FundTap is on a mission to enable small businesses to get instant access to their money so they can thrive and grow.
We caught up with Matt to learn more about why and how he got started on this path, as well as his ambitions for growth in the future. Thanks for sharing your story, Matt.
“My aspirations as a kid ranged from a doctor to a dolphin trainer.”
How would you explain to a five year old what it is that you do?
We give people money so they can do cool things.
And for the adults, what does that translate to in regards to your day-to-day?
We provide on-demand finance to small businesses so they can grow and thrive.
Was building a tech company something you dreamed about doing as a kid? If not, what was?
I didn’t even contemplate it! My aspirations as a kid ranged from a doctor to a dolphin trainer.
“We’re here to help create a world where it’s easier than ever to succeed as a small business.”
Tell us a little bit more about your career journey and what inspired you to start FundTap?
I became a scientist (virology and vaccines) and loved it - but I wanted to build something. I loved the idea of starting a business as the good and the bad all rests on your shoulders - there is no one else to blame. I quickly settled on creating financial solutions that were simple and actually worked for our (very underserved) small businesses.
Where do you hope FundTap will be in five years from now?
Global. I’d hope we are realising our vision:
To turn traditional finance on its head; to enable small businesses to get instant access to their money so they can thrive and grow. We’re here to help create a world where it’s easier than ever to succeed as a small business.
“Be humble, listen, and grow.”
What is the best piece of career advice you have ever received?
Always be reaching out and talking to the people who are more knowledgeable, more experienced, and with a different perspective to your own. Be humble, listen, and grow.
Lastly, as FundTap grows, what are the key traits and characteristics of the people you look for when hiring?
The key aspect we are looking for is those who share our values: backing people, valuing time, integrity in all we do, and continual innovation.