In Episode 8 of FinTexcellent™, Rupert Barksfield, COO & Co-Founder of Pynk discusses from his "Man Shed" at the bottom of his garden during lockdown (11/09/20) how Pynk uses the power of AI and 'Crowd Wisdom' to beat the market on their social investment platform. Believed to be the worlds first Crowd Wisdom 0% fee managed portfolio.

A frank, humble and honest interview with Rupert, who always felt, even from a very young age at school when making deals with his school chums, that he was always destined to become an entrepreneur. Where he went on to take his first advertising agency client that nobody wanted at the time: Android from 0% to 62% market share.  

Whilst looking for something else, In early 2018, Rupert joined the Founder Institute where he went on to meet his Co-Founder at Pynk (Seth Ward). Seth had the core idea of Pynk, which is essentially taking the traditional Hedge Fund , and giving the power and control of that Hedge Fund back to the people. 

Pynk's principle idea is to combine all of the portfolio management ideas together of the crowd, and build a system to decide who to work with and who not to, so that everybody gets a portfolio that works "the best". 

Rupert shares his view where he believes we are now nearing the end of the Fintech Revolution and starting what he refers to as Fintech 2.0 

Where Fintech 1.0 is replicating an old existing system online, taking those archaic systems and bringing them up to date. e.g. a high street bank to a Revolut (which is a bit large a digital version of a traditional bricks and mortar bank). 

Now with Fintech 2.0, we have to change things up, we have to make it better and different disruptive products for people. Such as more niche banks that support you as an individual. For example going back to a community bank feel albeit with a more digital layout, for example a skills based bank community. Where specific products can be built through specialist understanding. 

Ruperts biggest piece of advice: "don't be satisfied". For example for too long we have been satisfied with whatever the high street banks have given us. Whereas there are tonnes of other options now so you don't need to just accept what you are given.

Visit: https://www.pynk.io/

Pynk is a Social Investment platform and is believed to be the Worlds first Crowd Wisdom 0% fee managed portfolio. Allowing contributors to grow their wealth, financial understanding and confidence. By using Crowd Wisdom and AI to beat the market and shape a fairer future for all.

See Pynks Award Winning FinTech PitchOff video: 

https://www.funderbeam.com/syndicate/pynk/