Thomas Smyth

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80 appearances 1 recordings 1 series first heard Feb 2022 last heard Feb 2022

Thomas Smyth’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Cutting the Fat From Your Budget, With Trim CEO Thomas Smyth · 17 Feb 2022 podcast

And the hope is, of course, that that can drive

more value in the long run, but also more engagement and the ability to attract customers at lower cost in the short run.

So there have been a couple other acquisitions in the space over the past nine to 12 months, which I think confirm that thesis across the board.

JJ, I know you've written a lot about this and you're an expert as well.

But the way I always think about it is that there's a list inside of my head of things that my mom tells me to do.

So my mom tells me to eat more broccoli and go to the gym more often and sleep more and generally try to stress less.

And I think personal finance is somewhere on that list for most people.

it's something that they know they should do, but they hardly ever get around to it.

And that was kind of our initial premise with Trim was that we could take this item off of your to-do list and do a lot of the work for you, the user, rather than just nagging you to cut back on your coffee consumption or, you know,

eat more broccoli, right?

So I do put personal finance in the same category as vegetables.

And I think it's hard to go around and tell people to eat more vegetables and see any real upside from that.

But if you go to folks and you say, hey, I can eat the vegetables for you and you can be healthier, people get a big kick out of that, right?

I think that's what resonates with the consumer.

Yeah, look, it's a great question and a great, impressive problem for America.

We've had hundreds of thousands of users connect their bank accounts and bank data to Trim.

In total, I think we have north of a billion lines of transaction data that we've stored for folks.

And guess what?

Each of those transactions has a price and all of those prices are going up this year.

Okay, so I think it's a real issue for folks.

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