Fintech community..

Let's "kill" a bank and expand financial inclusion

I will share some tips with you folks...on this trend

#FinPlanFintech

Let me share a summary of a great article i read on why Fintech Startups fail

1. Choosing the wrong Venture Capital or strategic partner
2. Overlooking Legal and Compliance
3. Thinking that growing a Fintech startup is the same as growing any other tech startup

#FinPlanFintech

4. Competing solely on cost
5. Thinking Payments solutions is easy
6. Ignoring Economic cycles

lets "kill" a bank....

#FinPlanFintech

link to full article https://fintechnews.sg/20296/fintech/reasons-why-fintech-startups-fail/

Love the way these apps are positioned.

Don't just design great features, think specificity to differentiate. Design apps to target a specific segment or occupation, build out a community of users, then monetize.

Think of an app for Okada riders.

#FinPlanFintech