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Melissa Pancoast: Simplifying the path to financial success

Melissa Pancoast is the founder and CEO of The Beans, an app helping people manage their finances in stressfree way.

About This Episode

Melissa Pancoast is the founder and CEO of The Beans, an app helping people manage their finances in stressfree way. Melissa actually started her career as a teacher, but eventually left that behind to study how people think and feel about money at Oxford. Partially as a result of the she ended up starting The Beans, which is aimed to simplify financial management for middle-class Americans.

In our conversation with Melissa, we talk about:

  • Why Melissa’s startup is called The Beans
  • How is The Beans different from other finance management solutions in the space
  • How Melissa’s studies at Oxford influenced the idea behind her company
  • Melissa’s co-founder experiences, and going through a “co-founder break-up”
  • What’s next for The Beans
  • Market research and acquiring first users for The Beans
  • Why is dealing with finances is often challenging to people
  • The real issue behind what personal fin-tech is trying to solve
  • Melissa’s experiences with fundraising

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