Building a startup

Building a startup

29 Nov 2021
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Bolun LiBolun LiCEO and Founder at ZogoDavid NoheDavid NoheCEO at FinGoal

@fingoaldavid is CEO @therealfingoal. ex-Wellfit founder (acq'd); ex-Apple; recovering lawyer; based in Colorado.

Jehan Luth Jehan Luth CEO and Founder at BANYAN

Luth has a background touching receipt level data from multiple verticals. He worked in CPG while at Campbell's Soup and FinTech/OCR while building receipt capture apps for clinical trials at Med School.

Castleigh JohnsonCastleigh JohnsonCEO at My Home Pathway

Mr. Castleigh Johnson is currently the Founder and CEO of My Home Pathway, a financial technology firm that helps mortgage companies turn rejected mortgage applicants into qualified mortgage applicants through proprietary algorithms and customer engagement programs.

Previously the Founder and CEO of Trifigo, a financial technology firm that has developed a more engaging and effective way to improve financial behaviors, by focusing on providing knowledge and incentives that align to improve credit scores and financial outcomes.

Mr. Johnson has over 15 years of professional experience prior to starting his own firm, in various roles within Risk Management, Operations, Consulting, Bank Supervision and Corporate Sales. He has worked with some of the largest domestic and international financial service institutions, including Goldman Sachs, Ernst & Young, AIG, Bank of Montreal and the Federal Reserve Bank of New York.

In his previous corporate role at Bank of Montreal as the US Model Governance Director, Mr. Johnson oversaw the implementation of the US Model Governance standards for the domestic entities as well as the remediation of Federal Reserve and OCC outstanding regulatory findings.

Mr. Johnson is an alum of the Inroads Internship program as well as a Fellowship recipient for the Consortium for Graduate Study in Management, Bunton Waller, JP Morgan Investment Banking Summer Associate program.

Mr. Johnson received his Bachelor of Science in Management and International Business from Penn State University and his MBA with concentrations in Finance and Accounting from New York University.

Featured in Forbes magazine, Housing Wire and Driven Society podcasts, NYU and Babson Black Alumni Conferences, Fashion Institute of Technology and NYU Student Financial Literacy Guest Speaker.

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Description

Fintech startups have increased by 72% between 2018-2020, which is a strong indicator that development will only continue to rise. But how do you get started in fintech, and what are the most important aspects to be aware of. Four Fintech startup founders offer their thoughts on what they would have liked to know if they could go back in time.

Table Of Contents

Jehan Luth
You don't need a background in Fintech to establish a Fintech company. Luth, a former epidemiologist, believes that people from diverse backgrounds may create successful Fintech solutions.
Bolun Li
There may be a method to make it work without borrowing money. Li highlights the importance of not falling into too much debt for starting your business.
Castleigh Johnson
The use of a strategic advisory team's experience would help to reduce the unknowns. Johnson stresses the need for new founders to define the value of the product or service they're offering.
David Nohe
Going to local events and getting to know the community better, according to Nohe, is an excellent place to start.
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