Highlighting FinTech Leaders: Milind Mehere (YieldStreet)

“We’re not just building an investment platform, but working to shift perceptions around wealth and investing”

 

 

 

MILIND MEHERE (FOUNDER & CEO)

 

Fintech is en route to becoming more than a business model, instead a layer – a fourth platform – on the technology stack. The democratization of the financial world is underway, and that means a staggering explosion in accessibility.

YieldStreet is one of a panoply of fintech startups expanding the reach of the modern (accredited) investor. NYC-based, the company has opened up alternate, institutional-level investing. The winds are at YieldStreet’s back, having recently secured both an impressive $62M Series B, followed a few months later by a $170M acquisition of Athena Art Finance, bringing art financing to its portfolio.

Founder and CEO Milind has successfully grown YieldStreet into a force to be reckoned with. A self-proclaimed Boston sports fan and a twitter machine, Milind has already glimpsed the future and is paving the way one brick at a time.

Please welcome Milind to Empire’s interview session – and don’t forget your drink

 

Tell us about YieldStreet in a few words?

YieldStreet is a digital wealth platform designed to help individual investors realize their next level, by providing access to wealth creation opportunities across a range of asset-backed investments (such as Marine Finance or Commercial Real Estate) that have typically only been available to institutions.

 

What’s a fun fact about yourself?

I used to have long hair and listen to heavy metal music. My favorite band was Iron Maiden.

 

Dinner with 3 people from any time across history, who would they be and why?

Alexander Hamilton, to understand how he invented the world’s financial system coming from a disadvantaged background and what drove his innovation and change-maker instinct.

Tom Brady, to know what keeps him motivated, focused, and disciplined when he has achieved the oracle of sports success.

John D. Rockefeller, to learn how and why he put it all on the line, taking the risk with an eye on the future of how he could bring gas lamps to every American home.

 

What’s your favorite thing about working where you do?

At YieldStreet, we’re changing the way consumers think about personal wealth and financial potential while helping them reach their next level. We’re not just building an investment platform, but working to shift perceptions around wealth and investing.

 

What do you think about the future of FinTech that your colleagues don’t all agree with?

The greatest innovations will come from entrepreneurs from outside of financial services, applying new ways of thinking related to technology, product development, and user experience to move the industry forward—such as the impact of blockchain on various aspects of financial services including asset management, payments, and currency.

 

What (other) bank, FinTech, or VC do you have the most admiration for and why?

I’m a fan of TransferWise. They’re consumer-first, easy to use, and are continuously innovating. While there are many money transfer companies, their rates and consumer experience are, in my view, first class. They recently introduced “Borderless” accounts, a feature that enables them to have a checking account-like functionality in more than 24 countries.

 

How do we make the FinTech community even stronger?

It’s all about creating more opportunities for collaboration. FinTech-specific conferences are great ways for industry leaders and innovators to meet and move the needle forward.


 
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