Uri Levine's frustration with traffic led him to start Waze, the crowdsourced navigation app that sold to Google last year for $1.1 billion.
Now he's harnessing his frustration with Wall Street fees in a new venture called FeeX, which calls itself "the Robin Hood of fees" because it strives to put money back into the hands of investors and consumers.
"Hedge funds, mutual funds, financial advisors, credit cards, mortgages, there are fees everywhere," Levine told CNBC's "Squawk Box" on Tuesday.
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