
296 Stacy Bishop - From Pitch to Partnership: Winning Over Bank Buyers
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About this listen
Selling into banks isn’t like selling anywhere else. Risk-averse buyers. Long sales cycles. Endless stakeholder approvals.
In this SaaS Fuel episode, Jeff Mains sits down with Stacy Bishop, founder of Selling FinTech, to unpack how SaaS and fintech founders can navigate the complexities of selling to highly regulated industries like banking and financial services.
You’ll learn how to overcome pricing objections, how to make your buyer the hero (not the guinea pig), and how to build trust in an environment where nobody wants to take risks.
If you’ve ever heard “Not right now” from a bank, this episode will change how you sell forever.
Key Takeaways00:00 - Don’t prejudge customers based on size
01:16 - What’s harder than building fintech? Selling it to banks
02:12 - Why selling to banks is a whole different game
03:15 - Recap: Rahul Pangam & Patricia Fripp
04:03 - Meet Stacy Bishop of Selling FinTech
05:37 - Why Stacy helps founders sell to banks
06:50 - What founders underestimate about banking sales
08:17 - Fast fintech vs. slow banks
09:18 - Building trust in regulated industries
11:27 - How to de-risk the deal
13:00 - Pricing integrity: lead with value, not discounts
16:28 - The problem with “list price”
18:13 - Discounts kill trust—here’s why
21:16 - Collaborative negotiation: both sides win
23:55 - Making the buyer the hero of the deal
28:01 - The real risk: personal, not just business
29:01 - Repeatable fintech sales framework
34:03 - How to map buying committees and champions
38:00 - Selling in a slow-moving market—what works
41:21 - One tip for founders pitching banks this quarter
46:05 - Tactical changes to improve close rates now
48:30 - What’s the future of fintech sales?
Tweetable Quotes“Stop second-guessing what customers can afford. Lead with your value.” — Stacy Bishop
“If you’re offering a 60% discount… your value is probably fake.” — Jeff Mains
“Discounting doesn’t build trust. It destroys it.” — Stacy Bishop
“Make your buyer the hero, not the guinea pig.” — Stacy Bishop
“Selling to banks is about trust, not speed.” — Jeff Mains
“A collaborative deal is the only deal that lasts.” — Stacy Bishop
SaaS Leadership LessonsNever assume who can or can’t afford you.
Lead with value and pricing confidence—don’t self-disqualify prospects.
Discounting damages trust.
Huge price drops signal you don’t even believe in your own value.
The buyer isn’t just a buyer—they’re the hero of the deal.
Make them look good to their team, board, and leadership.
De-risking isn’t optional—it’s the strategy.
Address risk upfront to keep the deal moving forward.
Selling into banks is relationship-first, not feature-first.
Understand the people, not just the product requirements.
Slow cycles require fast clarity.
Clear messaging, champion enablement, and proactive objection handling speed things up in a slow-moving market.
Guest ResourcesEmail - stbishop0220@gmail.com
Website - http://www.stacybishop.com/
LinkedIn - https://www.linkedin.com/in/stacybishop
Episode SponsorSmall Fish, Big Pond –