Name: Fintech Founders | Founding Stories
Uploaded: 2023-04-04T15:50:48.404Z
Duration: 259.36
Description: Ever thought about starting your own fintech? Six founders divulge the trials and tribulations they experienced when building their own businesses. Plus, all the things they wish they’d known before taking the leap.

FF_mash up interview_003.mp4

FF_mash up interview_003.vtt

English

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Oh, wow, that's so much.

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So as a founder, you wear so many hats

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and you are, you don't have much resources

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in terms of finance as well as skillset.

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So , it's a rollercoaster, right?

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I think it's just keeping up

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the mental and physical energy.

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I'm a very energetic person, but it is a

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lot of energy to carry the, what we say

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in our company is to carry the good vibes

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for the whole team, and through thick and

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thin ups and downs, you have to provide

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that level of emotional comfort and also

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just, you know, focus on what's next

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and how to get through the next hurdle.

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The hardest thing is time management

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and balancing multiple stakeholders,

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people who want something from you,

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whilst also being able to focus on

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the strategy in the big picture, I

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feel like also being rejected all the

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time whether it's from customers or

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overseas, and working towards those one

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or two big wins you get per quarter.

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It's something which is a mindset

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thing, and I feel like you

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have to develop that over time.

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I think   it's it's the uncertainty that

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you are pursuing something, but you don't

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know whether it, we turn out good or bad.

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You need to keep innovating, but you

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never know if you will make it or not.

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Networking actually.

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So that's why I'm here

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today to network here.

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I think what I would say at the

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beginning is probably start earlier.

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I had the idea much earlier and

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I feel like if I would've started

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earlier, I would've had a bit more

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of a head start in the industry.

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Those six months I waited made

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life a bit more difficult.

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It still worked out, but

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it made it more difficult.

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I think the best piece of advice is

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to find and keep people who work well

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together and building a strong team is

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the best investment of time and energy.

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Be patient because, what we experienced,

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that's the uptake of the idea that we are

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pursuing is much slower than we expected.

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Patience.

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Sometimes the market is not ready for

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your solution and you need time for

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your innovations to reach the return

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Think global from the very.

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I would think about my hiring

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decisions in much more depth.

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We would put more resources to more

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professional marketing of the company.

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But this is also related to

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the fact that we decided not to

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attract capital at early stages.

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So it's like, you know, it was

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a decision from our side, but

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that would have been helpful.

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I would not take a fight with the

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government as a one-year-old startup.

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That was a bad idea.

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That you'll be rejected

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much more than you accepted.

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That regulation takes a long time.

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I think we underestimated how slow

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the banks are in taking our solution.

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So if we knew we might have diversified

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our, we might have diversified our

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value proposition earlier, coming

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to conferences, meeting people,

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I should have done it sooner.

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Realizing that we cannot develop

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everything ourselves, and that

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we need partners to grow and

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complete the whole value chain.

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Basically the entire team that we

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have, so, so yeah, my co-founder,

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everyone in sales, marketing,

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tech, and data and products.

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I mean, it's just every one of those

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people is essential in their own way.

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Without my team.

{{00:04:07}}
I could definitely not

{{00:04:08}}
do this without my nanny.

and you are, you don't have much resources

in our company is to carry the good vibes

for the whole team, and through thick and

you are pursuing something, but you don't

know whether it, we turn out good or bad.

that's the uptake of the idea that we are

pursuing is much slower than we expected.

Fintech Founders

Expert Insight

Ever thought about starting your own fintech? Six founders divulge the trials and tribulations they experienced when building their own businesses. Plus, all the things they wish they’d known before taking the leap. 

Leadership

Resilience

Technology

Digital Transformation

Fintechs

Fintech

Fintech startup

Fintech start up

Financial startup

Financial start up

Startup

Early-stage

Startups

Fintech Solution

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Katalin Kauzli

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