Laura Kornhauser’s transition from collaborating with a team at JPMorgan Chase to achieving success as an entrepreneur presents an inspiring narrative of seizing opportunities and pursuing aspirations.
The spark of entrepreneurship within her was ignited when she encountered a barrier at JPMorgan due to new regulations. This realization led her to the understanding that there was a demand for improved tools and technologies at the intersection of finance and technology. Her experience at JPMorgan Chase served as the driving force behind her foray into the realm of entrepreneurship.
Her upbringing in an entrepreneurial milieu, with parents who established a software company, instilled in her the aspiration of establishing her own business. Her involvement in the family business during her formative years further kindled her ambition to become an entrepreneur.
The pivotal moment arrived during her time in business school, where she gained firsthand experience of the shortcomings in the lending system. This experience served as the catalyst for her to develop advanced modelling that could facilitate equitable decisions and superior outcomes for borrowers and lenders.
In her entrepreneurial pursuit, Kornhauser also draws inspiration from her role as a mother. Despite the challenges and numerous rounds of financing, she successfully showcased her company’s technology at Finovate 2020, even at eight and a half months pregnant.
Looking ahead, her brainchild Stratyfy announced a groundbreaking partnership with the aim of addressing racial disparities in lending. Through this collaboration with the Beneficial State Foundation, 20 U.S. lenders will utilize Stratyfy’s artificial intelligence software, Unbias, to advance the cause of fair lending practices.
Laura Kornhauser’s extraordinary journey stands as a testament to the resilience, foresight, and pursuit of improvement. Her entrepreneurial ethos and dedication to effecting positive change in the financial industry are genuinely inspiring.