Pick My Brain with Alan 'the nice one' Jones
Win $2,000 in credits with the Day One Network — take our 2-minute audience survey before 30 June: dayone.fm/survey Episode Summary Consumers lose billions to scams and miss out on trillions in potential savings every year. So what if everyone had their own AI-powered financial assistant working 24-7? In this episode of Pick My Brain, Alan Jones is joined by James Horan, founder of Phinly, an AI-driven personal finance platform designed to help consumers automate savings, prevent fees, and optimise their financial lives. James walks through his live pitch for Phinly, outlining the problem with doom-scrolling money advice, the rise of AI agents in personal finance, and a bold vision for owning the AI money assistant category. Phinly connects to over 20,000 institutions, identifies cost savings opportunities, and enables one-tap actions from cancelling subscriptions to switching providers. With early partnerships secured, backing from a global AI accelerator, and a savings-based revenue model, the startup is raising $800,000 on a pre-seed SAFE to scale toward $4.5M ARR in 18 months. But Alan’s feedback goes deeper than traction and TAM. He challenges James to avoid blending in with every other AI fintech startup in the room. Instead of leaning purely on logic and numbers, Alan pushes for something more memorable: behavioural insights that surprise the audience about their own financial habits. The goal is simple. Make investors go home and say, “Did you know that…?” and have that sentence start with something you taught them. If you’re building in fintech, AI, or any crowded category, this episode is a masterclass in standing out when everyone else looks the same. Time Stamps 02:08 – Meet James Horan and his founder journey 03:14 – Lessons from a failed two-sided marketplace 04:28 – The Phinly pitch begins 05:40 – Money advice, TikTok, and the cost-of-living crisis 06:50 – How Phinly works: AI-powered money automation 07:45 – Traction: 20,000 institutions connected and major partnerships 08:30 – Revenue model: percentage of savings and future subscriptions 09:10 – Alan’s first reaction: good foundation, but blends in 11:45 – The power of surprise in a crowded fintech room 12:30 – Using behavioural economics to stand out 14:00 – Stop reading your slides 15:30 – Supporting your story instead of replacing it 17:00 – Bringing emotion into a rational fintech pitch 18:00 – How to create a pitch people repeat to others Resources 💸 Phinly – https://phinly.com 🎙 Ask Alan a Question – https://speakpipe.com/pickmybrain 🎧 More from Alan Jones – https://www.startupfoundercoach.com SPONSORS: PICK MY BRAIN IS SUPPORTED BY OUR WONDERFUL SPONSORS: Deel: Founders scale faster on Deel. Set up payroll for any country in minutes, hire anyone anywhere, and get visas handled fast, so you stay focused on scaling. Deel takes care of onboarding, HR, IT, EOR, benefits, and compliance, so your team can grow without borders. It’s why more than 40,000 fast-growing companies trust Deel to move fast. Visit https://www.deel.com/dayone ___ Galah Cyber offers Application Security Assessment Get a clear, ten-minute snapshot of your AppSec maturity across the five core principles. Fast, practical insights you can act on straight away at https://www.galahcyber.com.au/assess THE DAY ONE NETWORK PICK MY BRAIN IS PART OF DAY ONE, THE PODCAST NETWORK DEDICATED TO FOUNDERS, OPERATORS & INVESTORS. To learn more, join our newsletter [https://dayone.fm/newsletter] to be notified of new and upcoming shows. The only content we create is content that will help Australian founders. Mentioned in this episode: Deel x PX_Script 1
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