[Start-Ups for Good Podcast] Nadim Homsany, Co-Founder and CEO of EarnUp
By Miles Lasater
Nadim is the son of immigrants who arrived in the US with virtually nothing. His upbringing instilled in him a passion for helping people build financial resilience and independence.
Nadim is the son of immigrants who arrived in the US with virtually nothing. His upbringing instilled in him a passion for helping people build financial resilience and independence. Prior to EarnUp, Nadim worked at Serent Capital, a $600M private equity firm, focused on tech-enabled services. Prior to Serent, Nadim led investments with NCB Capital, a $12B asset manager. Before this, Nadim worked at McKinsey & Company consulting large banks. Nadim also practiced IP and technology law at Kirkland & Ellis. Nadim holds a JD degree from Harvard Law School and graduated highest honors from Rutgers University.
I kick off Nadim’s interview with a question about banks, a necessary evil or are they fighting the good fight. He turns the tables and returns the question and we have a good discussion about the banking industry. Nadim continues the interview by sharing his founder's story and how it was inspired by his family and his own experience with paying off their mortgage payment. He tells us how his company grew in customers and employees. He shares the impact on the company and the startup space when his co-founder stepped down to care for his own mental health. Near the end Nadim asks me how people can put into practice the learnings from leadership books. (Note: EarnUp is a Purpose Built portfolio company.)
“ I think that's a that's one of those proud moments for me, where we we spend that we spent all the years building a business that has a trusted relationship, a trusted conduit with the customer, such that one of our investors in this nonprofit at the same time is comfortable enough and confident enough in our ability to do the work, but also our relationship with the customer.” - Nadim Homsany
Today on Startups for Good we cover:
- How FinTechs differ from traditional startups
- The insights of the word “earn” rather than “save”
- The impact of a kitchen table on a startup
- What a Concierge MVP offers
- Mental health in tech startups
- The concerns of a double bottom line company
- Building a diverse team
- Managing diverse investors
- Balancing internal resources when you are a B2B2C