Startups

Alloy, Synctera and Unit discuss the future of embedded finance at TC Disrupt

Comment

Banking-as-a-service (BaaS), embedded finance and open banking are among the hottest topics in fintech today. The promise? Make opening a bank account, storing money, receiving a payment card and lending money as easy as opening a social network account.

The reinvention of banking is well underway, and we’re excited to welcome three key players — Peter Hazlehurst, co-founder and CEO, Synctera; Laura Spiekerman, co-founder and president, Alloy; and Amanda Swoverland, chief compliance officer, Unit — to the Fintech Stage on September 19 at TechCrunch Disrupt 2023.

In a session called “Making Money Move with Embedded Finance,” our panel will talk about how a new breed of finance infrastructure companies have the potential to turn any company into a fintech company.

Despite a roller-coaster year that featured mergers, acquisitions and layoffs, the BaaS sector is huge and expected to be worth almost $66 billion by 2030. Venture dollars continue to flow. This past March, Synctera raised $15 million to launch embedded products in Canada.

In May 2022, Unit closed a $100 million round with a $1.2 billion valuation, and in September, Alloy raised $52 million at a $1.55 billion valuation — just 11 months after raising $100 million at a $1.35 billion valuation.

With millions of dollars in funding — and billions of dollars in market potential — flying around, we’re eager to hear our panelists’ take on how a new wave of finance infrastructure startups are reinventing the way financial services are created, distributed and sold.

Learn more about our speakers — and their qualifications for tackling this timely topic — below.

Peter Hazlehurst: Synctera co-founder and CEO

Peter Hazlehurst is a global fintech entrepreneur and philanthropist with nearly 30 years of experience creating financial products for banks, fintechs and large tech companies. In 1993, he built core banking technology for Phoenix, which still powers companies today.

More recently, Hazlehurst served as head of Uber Money, chief operating officer at Postmates, senior director of product management at Google, CEO and board member of Google Payments Corporation and chief product officer at Yodlee. He also led the product team at Nokia for enterprise mobility and mobile email, and he has served as a CTO and consultant at several startups.

Laura Spiekerman: Alloy co-founder and president

In 2021, Laura Spiekerman was recognized by Crain’s New York as a Notable Woman on Wall Street. Prior to Alloy, she led business development and partnerships at an ACH payments startup. Spiekerman was also on the research and investment team at Imprint Capital Advisors (acquired by Goldman Sachs). A proud Barnard College alumna, she lives in Berkeley, California.

Amanda Swoverland: Unit chief compliance officer

Amanda Swoverland has built her career at the intersection of risk, compliance and innovative financial service solutions. She has more than 20 years of experience as a bank examiner, consultant, BSA officer and compliance officer.

Prior to joining Unit, Swoverland led a team of compliance and risk professionals at Sunrise Bank, where she served as the chief risk officer. During her time at Sunrise Bank, she helped transform the organization into a highly regarded sponsor bank, serving clients like Remitly, Gusto and Self Lender. Swoverland is a regular speaker at fintech conferences, including LendIt and Finext.


TechCrunch Disrupt 2023 takes place on September 19–21 in San Francisco. Tickets will sell out. Buy your pass now and save $400 before prices go up at the door. For a limited time, when you book your Disrupt hotel room at the Hyatt Regency San Francisco Downtown SOMA, you’ll automatically be eligible to enter a raffle for a chance to win two spots for you and a guest to attend the exclusive TechCrunch Disrupt Speakers & Editors Dinner. Book your room today. More hotel raffle details here.

Is your company interested in sponsoring or exhibiting at TechCrunch Disrupt 2023? Contact our sponsorship sales team by filling out this form.

More TechCrunch

Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the…

Maad raises $3.2M seed amid B2B e-commerce sector turbulence in Africa

The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund.

OpenAI Startup Fund raises additional $5M

Accel has invested in more than 200 startups in the region to date, making it one of the more prolific VCs in this market.

Accel has a fresh $650M to back European early-stage startups

Kyle Vogt, the former founder and CEO of self-driving car company Cruise, has a new VC-backed robotics startup focused on household chores. Vogt announced Monday that the new startup, called…

Cruise founder Kyle Vogt is back with a robot startup

When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and…

From Miles Grimshaw to Eva Ho, venture capitalists continue to play musical chairs

On the heels of OpenAI announcing the latest iteration of its GPT large language model, its biggest rival in generative AI in the U.S. announced an expansion of its own.…

Anthropic is expanding to Europe and raising more money

If you’re looking for a Starliner mission recap, you’ll have to wait a little longer, because the mission has officially been delayed.

TechCrunch Space: You rock(et) my world, moms

Apple devoted a full event to iPad last Tuesday, roughly a month out from WWDC. From the invite artwork to the polarizing ad spot, Apple was clear — the event…

Apple iPad Pro M4 vs. iPad Air M2: Reviewing which is right for most

Terri Burns, a former partner at GV, is venturing into a new chapter of her career by launching her own venture firm called Type Capital. 

GV’s youngest partner has launched her own firm

The decision to go monochrome was probably a smart one, considering the candy-colored alternatives that seem to want to dazzle and comfort you.

ChatGPT’s new face is a black hole

Apple and Google announced on Monday that iPhone and Android users will start seeing alerts when it’s possible that an unknown Bluetooth device is being used to track them. The…

Apple and Google agree on standard to alert people when unknown Bluetooth devices may be tracking them

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: Watch here

A human safety operator will be behind the wheel during this phase of testing, according to the company.

GM’s Cruise ramps up robotaxi testing in Phoenix

OpenAI announced a new flagship generative AI model on Monday that they call GPT-4o — the “o” stands for “omni,” referring to the model’s ability to handle text, speech, and…

OpenAI debuts GPT-4o ‘omni’ model now powering ChatGPT

Featured Article

The women in AI making a difference

As a part of a multi-part series, TechCrunch is highlighting women innovators — from academics to policymakers —in the field of AI.

13 hours ago
The women in AI making a difference

The expansion of Polar Semiconductor’s facility would enable the company to double its U.S. production capacity of sensor and power chips within two years.

White House proposes up to $120M to help fund Polar Semiconductor’s chip facility expansion

In 2021, Google kicked off work on Project Starline, a corporate-focused teleconferencing platform that uses 3D imaging, cameras and a custom-designed screen to let people converse with someone as if…

Google’s 3D video conferencing platform, Project Starline, is coming in 2025 with help from HP

Over the weekend, Instagram announced that it is expanding its creator marketplace to 10 new countries — this marketplace connects brands with creators to foster collaboration. The new regions include…

Instagram expands its creator marketplace to 10 new countries

You can expect plenty of AI, but probably not a lot of hardware.

Google I/O 2024: What to expect

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: How to watch

Four-year-old Mexican BNPL startup Aplazo facilitates fractionated payments to offline and online merchants even when the buyer doesn’t have a credit card.

Aplazo is using buy now, pay later as a stepping stone to financial ubiquity in Mexico

We received countless submissions to speak at this year’s Disrupt 2024. After carefully sifting through all the applications, we’ve narrowed it down to 19 session finalists. Now we need your…

Vote for your Disrupt 2024 Audience Choice favs

Co-founder and CEO Bowie Cheung, who previously worked at Uber Eats, said the company now has 200 customers.

Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth

Booking.com has been designated a gatekeeper under the EU’s DMA, meaning the firm will be regulated under the bloc’s market fairness framework.

Booking.com latest to fall under EU market power rules

Featured Article

‘Got that boomer!’: How cybercriminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

Estate is an invite-only website that has helped hundreds of attackers make thousands of phone calls aimed at stealing account passcodes, according to its leaked database.

18 hours ago
‘Got that boomer!’: How cybercriminals steal one-time passcodes for SIM swap attacks and raiding bank accounts

Squarespace is being taken private in an all-cash deal that values the company on an equity basis at $6.6 billion.

Permira is taking Squarespace private in a $6.9 billion deal

AI-powered tools like OpenAI’s Whisper have enabled many apps to make transcription an integral part of their feature set for personal note-taking, and the space has quickly flourished as a…

Buy Me a Coffee’s founder has built an AI-powered voice note app

Airtel, India’s second-largest telco, is partnering with Google Cloud to develop and deliver cloud and GenAI solutions to Indian businesses.

Google partners with Airtel to offer cloud and GenAI products to Indian businesses

To give AI-focused women academics and others their well-deserved — and overdue — time in the spotlight, TechCrunch has been publishing a series of interviews focused on remarkable women who’ve contributed to…

Women in AI: Rep. Dar’shun Kendrick wants to pass more AI legislation

We took the pulse of emerging fund managers about what it’s been like for them during these post-ZERP, venture-capital-winter years.

A reckoning is coming for emerging venture funds, and that, VCs say, is a good thing