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Matt Fordyce
Head of Sales
Matt Fordyce is a professional with a background in finance and sales, known for his roles in various organizations.
He pursued a Bachelors of Science degree in Finance at the University of Colorado Boulder.
With a diverse career trajectory, Matt has served as the Director of Enterprise at WeWork.
Prior to his current position, he worked as an Enterprise Account Executive at Blend.
His experience also includes roles such as Strategic Accounts at Boomerang Commerce, All things sales at Quri, Corporate Development Associate at Union Bank, and Investment Banking Analyst (M&A) at Macquarie Group.
Highlights
Thrilled to announce I'm starting at Clutch as Head of Sales. A bizarre time to be joining a startup, let alone FinTech. For me it came down to answering a few key questions to evaluate the opportunity.
Why Change? -There's a massive gap in the market. "Too big too fail" banks have massive technology teams that have built great products in-house (e.g. Chase spends $12B/year) -FinTechs have created delightful consumer experiences, but lack regulatory status -Credit Unions have traditionally relied on brick & mortar branches to acquire and service their members, and are about ~10 years behind the technology curve -80% of credit union tech providers are owned by Private Equity (e.g. financially engineered for margins, zero innovation) -Clutch software closes this gap, and enables credit unions to compete like FinTechs
Why Now? With the downward spiral of SVB, and potentially other regional banks, there will be a flight to safety. Credit Unions are uniquely positioned to capture wallet share because they are tax-exempt, not-for-profits, and offer lower interest rates but have historically lacked digital capabilities to help their members
Why Clutch? -World Class Team! From the first interview, to spending time with the entire team, I was blown away by the rare combo of 1) turbo charged intelligence, and 2) low ego & humility -Multiples ahead of ARR vs. other Series A companies -Marquee investors: a16z, and CUNA Mutual
To the long list of friends, supporters, and people that made intros when they didn’t have to… thank you. The best thing I can do is pay it forward. Clutch is hiring, and happy to make introductions. Looking forward to going on this wild ride!
Some nice press coverage. Validated by Gartner as the most advanced solution in the market.
