Can idle savings be reimagined as a global growth engine?
In this episode of Startup Scaleup People, we speak with Mike Saraswat, co-founder and CEO of Stoa, a fintech platform unlocking trillions in idle cash and turning it into lifestyle perks, SaaS credits, and value for consumers and businesses.
🎧 Hosted by Mario Rivas and Tiffany Shown, this episode explores saving behavior, global cash inertia, regulatory pivots, the US vs UK fundraising mindsets, and Mike’s journey from ad agency founder to mission-driven fintech disruptor.
📢 About Startup Scaleup PeopleReal stories from startup, scaleup & enterprise leaders. From boardrooms to founder garages — we bring you insights on growth, leadership, funding, exits, and everything in between.
New episodes every Sunday at 4PM UK time.
🧭 Chapters
00:00 Intro to Mike Saraswat and the Idle Cash Problem
03:00 From Blockchain to Fintech: Pivoting Beyond Regulation
07:00 The $600B+ Opportunity in UK Idle Cash Alone
10:00 Building Stoa Pots: Get Netflix, SaaS & Perks Instead of Interest
14:00 Going Global: Expansion in the US and B2B Strategy
18:00 Fundraising Realities: UK vs US Investors
23:00 Lessons in Setbacks, Startups & Human Behavior
27:00 What Makes an Idea “Big Enough” to Scare You (and Investors)
💬 Key Highlights
▸ $600B+ in UK household idle cash, $50T+ globally
▸ Pivoted from blockchain + stablecoins to regulated savings
▸ Users “park” up to £1M and get lifestyle perks like Netflix, Strava, Coachella
▸ New B2B features for SMBs to optimize unused cash
▸ 5-7 minute full KYC/onboarding using Griffin + Yappily
👥 Who Should ListenFintech founders • Wealth managers • Banking execs • Investors • SaaS product teams • Consumer behavior researchers
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🧠 Keywords
startup, scaleup, entrepreneurship, business podcast, leadership, business growth, founder mindset, startup stories, scaleup journey, entrepreneur advice, business strategy, innovation, venture capital, startup founders, startup funding, executive leadership, enterprise leadership, enterprise strategy, business transformation, board of directors, fractional leadership, NEDs, startup scaleup people, fintech, savings, deposits, perks, idle cash, SMB finance
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