Matt Harris

For 30 years, Matt Harris has been investing in the visionary fintech founders creating seismic changes in payments, lending, capital markets, insurance, and real estate. He is particularly interested in backing companies building next-generation embedded fintech tools that will upend traditional banking, lending, and B2B payments through increased transparency and security.  

Partner
New York

About Matt

Do you have an investment ethos?

BCV isn’t an impact fund (though at Bain Capital we do have a great impact fund!), but it is part of my investment ethos that the companies I invest in should be making a positive difference in the world. That’s how I want to spend my time, for one thing, but in modern capitalism it’s also a critical ingredient in building a company for the ages. Most of the companies in my portfolio fit this ethos, if not all, but I’d call out Justworks as a great example. The company’s mission is to serve entrepreneurs in a way that promotes diversity, equity, and inclusion, and the results have been remarkable to watch.

What is compelling about your domain?

The thing I love about fintech is the complexity, and the multi-faceted nature of the space. The ability to think about insurance, lending, payments, and wealth means not only am I never bored, but frankly I’m frequently confused, which is good! I’m definitely still learning.

What is the first company you invested in? Do you have any anecdotes from when you first began working together?

My first investment at BCV was in Billtrust (now public). I was obsessed with B2B payments back then (still am!) and Billtrust had and has this amazing position as the dominant player in Accounts Receivable software. The CEO Flint Lane (one of the best!) wasn’t all that into payments, so when I asked him what the dollar value of the invoices Billtrust sent out each year was, he didn’t know and wasn’t sure why he should care, as they got paid by annual subscription or by invoice, not as a percent of value. I recommended he check anyway, and he came back and gleefully reported that it was over $1 trillion per year. We agreed then and there that we could build an important B2B payments company together.

 

What do you love about working for Bain Capital Ventures?

I love the people and the culture. I enjoy my partners immensely, and I take enormous joy and pride in watching the more junior investment staff grow into talented investors. I’m downright intimidated by the caliber of talent on our platform team and our support staff and assistants are the best I’ve seen anywhere. I also love being part of the broader Bain Capital. It’s a huge thrill to be able to gain on-the-ground knowledge globally, in dozens of countries, from the Bain Capital network to help make strategic introductions to the founders in our  portfolio or get insights from the Bain Capital Macro team to inform our investment decisions, or tap into a Private Equity portfolio company to be an early customer for one of our founders.

What are your interests and passions outside of BCV?

I’m very interested in and passionate about my family, for sure. My wife Jessica and I have six kids, ranging from 3 to 13 years old, and there is never a dull moment. If I ever write a memoir it will be called “Someone Was Always Crying.” That said, instead of writing a memoir, I’d be more likely to write a book on military history. I’ve been reading about military history for decades and can’t get enough of it. Through my brother Dan, I’ve also gotten into meditation and mindfulness, which is his passion, and have found it very useful in our crazy field of endeavor.

 

What advice would you give your younger self?

Worry less! At any point in time, if you go back and think of the concerns you had 10 years ago, I guarantee you will find them relatively trivial, but somehow you believe that your worries today are worth fretting over. Definitely go ahead and work on your problems, don’t avoid them, but definitely don’t pointlessly worry.

 

What is a self-care ritual you practice?

Mindfulness meditation, cycling, having my 13-year old walk on my back.

Background

4 years
1 year
2 years
The Berkshires Capital Investors
2 years
12 years
10 years

Insights

The Future Of Money: A Complete Revolution

This article was originally published on Forbes.com. When I first started investing in fintech companies in 2000, there was one main idea: that an analog sector would eventually become digital. The potential was obvious: here was a multi-trillion dollar industry, filled with atoms (think bank branches, paper documents, human labor, etc.), when all it ever needed […]

Matt Harris 8 min read
News Fintech

The Future Of Open Banking: Our Investment In GoCardless

By Matt Harris, Merritt Hummer, Ashley Paston, Allison Xu and Keri Gohman Open banking is undergoing a revolution in both capabilities and public perception. The first stage of fintech largely involved banks taking analog processes online, and it took them some time to fully appreciate the potential that data-driven financial processes presented. Individuals, for their […]

Matt Harris 4 min read
Spotlight Fintech Commerce

Matt's Portfolio

Company
About
Partner
Invested
Domain
Stage

BlockFi provides the wealth management products crypto investors need, all powered by blockchain technology.

Partner(s) Matt Harris
Invested 2021
Crypto
Growth

GoCardless is a global leader in account-to-account payments, making it easy to collect both recurring and one-off payments directly from customers' bank accounts.

Partner(s) Matt Harris
Invested 2020
Fintech
Growth
Case Study

Building the infrastructure for a frictionless financial system, powering smart, real-time money movement with proprietary intelligence.

Partner(s) Matt Harris
Invested 2019
Fintech
Seed

SmartRent provides smart technology solutions that deliver the ultimate smart building experience for real estate owners, managers and residents.

Partner(s) Matt Harris
Invested 2019
Apps
Growth

Finix’s payments API and dashboard allow you to accelerate merchant processing, manage PCI compliance, underwrite merchants, and seamlessly send merchant payouts.

Partner(s) Matt Harris
Invested 2019
Fintech
Early

EarnUp positively enriches the relationship among borrowers, lenders, and servicers to mitigate risk, reduce operational costs, and increase retention.

Partner(s) Matt Harris
Invested 2019
Fintech
Early

Moov provides a platform for developers looking to embed payment functionality into their software.

Partner(s) Matt Harris
Invested 2019
Fintech
Seed

Zelis helps payers and providers optimize every step of the healthcare payments cycle, including navigating the No Surprises Act.

Partner(s) Matt Harris
Invested 2019
Healthcare
Growth

Alice is building new financial services that improve the financial health of working Americans.

Partner(s) Matt Harris
Invested 2018
Fintech
Early

BetterCloud, an independent software vendor based in New York, NY and with engineering offices in Atlanta, GA, builds unified SaaS management software.

Partner(s) Matt Harris
Invested 2018
Infra
Growth

Acorns is an American financial technology and financial services company based in Irvine, California that specializes in micro-investing and robo-investing.

Partner(s) Matt Harris
Invested 2017
Commerce
Early

Signifyd’s ecommerce fraud protection platform has 3 services for companies: revenue protection, abuse prevention & payment compliance.

Partner(s) Matt Harris
Invested 2017
Fintech
Growth

Passport is the only end-to-end, digital platform for managing mobile pay parking, digital enforcement and permitting, and mobility management.

Partner(s) Matt Harris
Invested 2017
Fintech
Growth

Ribbon provides all-cash offers and powerful software solutions for agents.

Partner(s) Matt Harris
Invested 2016
Fintech
Seed

Justworks takes the busyness out of growing a business and alleviates the unknown.

Partner(s) Matt Harris
Invested 2015
Apps
Early

Flywire Corporation (Nasdaq: FLYW) is a global payments-enablement and software company trusted by organizations around the world to deliver on their customers’ most important moments.

Partner(s) Matt Harris
Invested 2015
Fintech
Growth

ChinaPNR is a financial payment company focused on payment services such as online, POS, and mobile payment.

Partner(s) Matt Harris
Invested 2015
Fintech
Growth

AvidXchange helps middle-market businesses automate the accounts payable process to boost efficiency, accuracy and speed.

Partner(s) Matt Harris
Invested 2015
Fintech
Growth

Roofstock is the leading marketplace for investing in single-family rental homes, offering investment properties in top U.S. markets.

Partner(s) Matt Harris
Invested 2015
Fintech
Early

OpenFin OS powers financial desktops with the same app distribution, security and interoperability capabilities as iOS and Android.

Partner(s) Matt Harris
Invested 2014
Fintech
Early