Canada born and raised but now London based, I'm a former electrical engineer and investment banker turned entrepreneur. I am an early innovator in global supply chain finance who envisioned a better way to deliver working capital to supply chains which inspired HyperJar.The connection to supply chains is consumer spend. Everyday discretionary consumer spend is a $32 trillion global market, and HyperJar exists to give consumers the best tools in the world to manage their greatest asset - their income and how they spend it.HyperJar, which has over 500,000 UK customers, helps people to manage their discretionary spending intentionally using world-first tools. These allow for partitioning, sharing and exceptional control of spending money, as well as access to unique merchant rewards. HyperJar gives merchants a highly targeted and contextually relevant channel to drive desired consumer outcomes effectively and accurately through its rewards engine.HyperJar is among the most awarded new tech businesses in the UK. It currently holds Banking Tech of the Year, Best Future Payments Initiative and Best Use of Mobile titles from leading industry awards in 2023. The HyperJar app is currently the top-rated digital account across the major UK review and app store sites.
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Founder And Chief Consumer ArchitectHyperjar Jan 2023 - PresentLondon, GbContinuing to translate my vision into the HyperJar app and comms to help people Spend Life Well. Responsible for research, design and delivery of app functionality including our leading behavioural science work to help people spend better, accumulate savings and start or extend their pathway to investing in addition to communicating our mission to stakeholders.
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Founder And CeoHyperjar Jan 2018 - Jan 2023London, GbHyperJar is the intent company. A digital wallet that helps people plan and navigate their journey from depositing money to spending it, we digitise, capture, and reward their intent.Our customers organise their money in digital jam jars, share them with their friends and children, link them to their favourite brands, and spend directly from them with a debit card or their phone.These world-first features help people budget and plan better, but also let them invite their favourite brands to engage with them in completely new and transparent ways.This helps businesses understand both new and existing customers better, and make them exciting offers they’ll truly value. Far earlier in the marketing cycle than they've been able to before.A positive alternative to credit, HyperJar rewards people for planning ahead. It organises their entire spending journey, and leaves them with more money in their pockets.Winner of 2021 Payment Awards Money Management App of the Year and Most Disruptive Payments Technology. Nominated as a finalist for The Card and Payment Awards 2022 categories Best Benefits or Loyalty Scheme, Best Industry Innovation, Best Payments Industry Newcomer.Over 500,000 customers and growing by the day.
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FounderTractr Limited Apr 2016 - Dec 2017Precursor to HyperJar (my current venture). Tractr was an attempt to create a crowd-sourced working capital platform to benefit corporate treasurers. I built an early version of a white-label platform that could integrate with existing digital wallets. Learnings from Tractr led to HyperJar.
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Consultant - Senior Supply Chain Finance Product SpecialistIfc - International Finance Corporation Mar 2010 - Aug 2017Washington, Dc, UsHelped in the development, strategy, partner and supplier introductions and initial rollout for IFC's Global Trade Supplier Finance (GTSF) project. This is a $500MM Supply Chain Finance facility focussing on OECD buyers and emerging market suppliers. Focus countries included Bangladesh, Turkey and Egypt (amongst others).Later work included helping to design educational materials to explain the product (and general financial literacy) to target users and then organising local training and delivery of these materials.Created educational and marketing material to help a Middle Eastern bank launch new working capital finance products to their customer base. Helped a Pakistani and two Kenyan banks design and launch their first domestic Supply Chain Finance products into the market. -
PartnerAgfe Group Ltd Sep 2010 - Jul 2011London, GbWorking capital asset projects (supply chain finance, distribution finance, receivable purchase facilities, secured revolvers, accounts payable products, asset-based lending, SME lending), trade receivable securitisations, conduits, RMBS, whole loans, structured finance and renewable energy. A particular focus of mine included the push into direct lending of real money into non-traditional asset classes such as accounts receivables and other working capital assets and the legal, operational and technical structures required to achieve this.Another focus was on working capital finance in developing markets, including building technology and networks to provide education to potentials users of financial tools.Responsibilities included new business development, asset financing, financial modelling and analysis. -
Vice President, Securitised Products Group/Global Capital MarketsMorgan Stanley Jun 2007 - May 2009New York, Ny, UsCredit trader, European coverage and business development for TReFS, Morgan Stanley's supply chain finance product which helped spawn the modern global supply chain finance market. I executed credit hedging including the first ever credit default swaps duration matched with supply chain finance assets as well as the first 100% indemnity trade credit insurance policy against same. These methods helped lead to the birth of modern day supply chain finance as an asset class for fund managers. Product was very unique in the market as we applied capital market tools to compete against entrenched commercial banks. As a result of this efficient model, a very small team was able to successfully compete with banking teams multiples of our size. We achieved rapid growth during the financial crisis and the performance record of our lending before, during and after the crisis included zero arrears and zero defaults with funded assets approaching $1Bn. -
Structured Finance - Mortgage Trading AssociateLehman Brothers Aug 2006 - May 2007UsMortgage Trading Desk coverage whole loan trading in Europe. Principal responsibility was to buy and sell whole loan pools of residential mortgage securities. I ran auctions for Lehman assets as well as worked with a number of banks and building societies in proposing origination platform partnerships. -
Investor/AdvisorAimetis Apr 2004 - Apr 2006Early investor in high-tech company building intelligent video surveillance solutions (www.aimetis.com). In May 2015, Aimetis was named one of the fastest growing technology companies in Canada by CIBC World Markets. Aimetis was acquired by Senstar (subsidiary of Magal Security Systems Nasdaq: MAGS) in a cash transaction April 2016.
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Fixed Income Sales & Trading Intern AssociateMorgan Stanley Jun 2005 - Aug 2005New York, Ny, UsSummer internship in the Fixed Income group in the London office. Rotations included credit research, structured credit trading, corporate bond syndication and credit sales. Received full-time offer as a Fixed Income Associate in London after internship. I ultimately decided to accept a competing offer from Lehman Brothers to work in their fixed income division.
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Senior Hardware Design EngineerEquallogic Oct 2001 - Jul 2003UsHardware design engineer. Primary project was a multi-level circuit board backplane that involved significant amount of physical input and output device management. Areas of expertise included designing around analog effects of high speed digital signals on multi-level circuit boards.I was responsible for design budget, working with semi conductor and parts vendors, design, layout, fab, testing and integration of unit in wider storage network system. Company completed successful exit being acquired by Dell in November 2007 for $1.4Bn cash deal. -
Hardware EngineerIgnitus Communications Nov 1999 - Sep 2001Hardware Design Engineer for infrastructure grade optical networking switch. Responsible for multiple circuit board designs from schematic design through to physical testing in overall system. Company successfully acquired by Lucent Technologies in March of 2000 in an all cash deal.
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Hardware Design EngineerNewbridge Networks May 1998 - Nov 1999CaHardware design engineer, circuit boards and FPGAs. Worked within the ATM frame relay design team. Role involved working closely with fellow hardware designers, software designers, verification and safety testing as well as industrial design teams. Newbridge was acquired by Alcatel in Feb 2000.
Mat Megens Education Details
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New York UniversityQuantitative Finance -
University Of WaterlooElectrical Engineering
Frequently Asked Questions about Mat Megens
What company does Mat Megens work for?
Mat Megens works for Hyperjar
What is Mat Megens's role at the current company?
Mat Megens's current role is Founder of HyperJar and financial wellness advocate.
What schools did Mat Megens attend?
Mat Megens attended New York University, University Of Waterloo.
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