< The 2015 Fintech Finance 35

History is repeating — or, to be more precise, evolving — at General Atlantic. The New York–based growth-equity firm was in the thick of the dot-com generation, helping to guide companies like E*Trade Financial Corp. and Priceline Group toward long-term viability, and it’s still going strong. William Ford, who was closely identified with the earlier successes, was elevated from president to CEO in 2007; Jonathan Korngold has been head of the global financial services sector since 2012. For Korngold, a Harvard Business School MBA and Goldman Sachs Group alumnus who joined the firm in 2001, ten years after Ford did, it’s not technology alone but also “the level of regulation that is driving massive change” in the financial industry. As capital-constrained banks pull back from certain markets, “huge swaths of the financial services sector are no longer economically viable to be served by traditional institutions, which also often struggle to adapt their business practices to the rapidly changing preferences of the consumers.” Therein lies opportunity for upstart companies to fill the breach. A case in point is nonprime consumer lending. Marketplace lender Avant, for which General Atlantic led a $325 million Series E financing in October, is “uniquely capable” of serving this segment “in a fair and transparent manner” through innovative technology and underwriting techniques, says Korngold, 41, who is joining the Chicago-based company’s board. He’s bullish on payment services: Two GA investments, Amsterdam-based Adyen and Sweden’s Klarna, fall into the category of “e-commerce enablement”; the former, which supports transactions in 187 currencies, is the global payments partner of Airbnb and Uber (both GA portfolio companies). Korngold stresses the global view and nature of the strategy, and the approximately 20 team members in the Americas, Europe and Asia who support it.

 
The 2015 Fintech Finance 35

1. James Robinson III & James Robinson IV RRE Ventures 2. Jane Gladstone Evercore Partners 3. Matthew Harris Bain Capital Ventures Robeco Fundamental Equities: High-conviction Strategies to Target Alpha Sponsored by Robeco July 8, 2025 4. Steven McLaughlin Financial Technology Partners 5. Jonathan Korngold General Atlantic

6. Richard Garman & Brad Bernstein FTV Capital 7. Amy Nauiokas & Sean Park Anthemis Group 8. Thomas Jessop Goldman Sachs Group 9. Meyer (Micky) Malka Ribbit Capital 10. Hans Morris Nyca Partners

11. Maria Gotsch Partnership Fund for New York City 12. Marc Andreessen Andreessen Horowitz 13. Barry Silbert Digital Currency Group 14. Jay Reinemann Banco Bilbao Vizcaya Argentaria 15. Mariano Belinky Santander InnoVentures

16. François Robinet AXA Strategic Ventures 17. Vanessa Colella Citi Ventures 18. Alan Freudenstein & Gregory Grimaldi Credit Suisse NEXT Fund 19. Justin Brownhill & Neil DeSena SenaHill Partners 20. Rodger Voorhies Bill & Melinda Gates Foundation

21. Michael Schlein Accion International 22. Kenneth Marlin Marlin & Associates 23. Rumi Morales CME Ventures 24. Mark Beeston Illuminate Financial Management 25. Vladislav Solodkiy Life.SREDA

26. Fabian Vandenreydt Innotribe SWIFT 27. Derek White Barclays 28. Alex Batlin UBS 29. Jeffrey Greenberg & Vincenzo La Ruffa Aquiline Capital Partners 30. P. Howard Edelstein REDI Holdings

31. Nektarios Liolios Startupbootcamp FinTech 32. Roy Bahat Bloomberg Beta 33. Andrew McCormack Valar Ventures 34. Lawrence Wintermeyer Innovate Finance 35. Janos Barberis FinTech Hong Kong