How could you save music festivals? Interview with Luke Trickett

Joining us on board the good ship SS Tomorrow this week is Luke Trickett, a former national swimmer turned tech entrepreneur, who discusses his payment method solution called Backpocket. Backpocket allows groups to easily navigate the cost of living pressures by enabling seamless sharing of expenses. Trickett shares the inspiration behind Backpocket, which came from a personal experience of his wife's card declining when trying to pay for a group lunch. He explains how Backpocket works and its applications beyond event ticketing. Trickett also discusses the positive response from the market, particularly from millennials and Gen Z, and the potential future of the fintech space.

Keywords

Luke Trickett, national swimmer, tech entrepreneur, Backpocket, payment method, cost of living, group expenses, event ticketing, collaborative consumption, fintech

Takeaways

Backpocket is a payment method designed to help groups navigate the cost of living pressures by enabling seamless sharing of expenses.

The inspiration behind Backpocket came from a personal experience of Luke Trickett's wife's card declining when trying to pay for a group lunch.

Backpocket can be used for various shared experiences beyond event ticketing.

The market response to Backpocket has been positive, with high ratings and feedback from customers and merchants.

Backpocket has found adoption across multiple generations, including millennials and Gen Z.

Collaborative consumption is a smart strategy to overcome the challenges of rising costs of living.

The fintech space is expected to continue growing and evolving in the next five to ten years.