Mga Lihim sa Likod ng Pagbuo ng Isang Matagumpay na Kumpanya ng Fintech
The rise of the fintech space sparked the emergence of highly successful global companies with the potential to change the international financial landscape. To put things in perspective, fintech company PayPal reportedly processed $1.36 trillion in payments in 2022 – more than the 2022 GDP of the Netherlands at $991 billion. With companies such as Paypal, Stripe, Visa, and Mastercard figuring majorly in the facilitation of transactions worldwide, it is no surprise that experts project the fintech industry to become a $1.5 trillion industry by 2030. Luiz Góes, CEO of the upstart Dubai fintech company Layered Financial Independence (LFi), shares 3 Secrets Behind Building a Successful Fintech Company. Identify a Target Market and Pain Point For a fintech idea to get off the ground, it must have a core purpose – a customer pain point it aims to solve. A companys fintech industry strategies can be laid to waste if the business fails to uphold this simple yet vital premise. A founder needs to engage in deep and extensive market research to determine two things: A problem or challenge for which technology can provide a solution; A sizeable customer base for whom the new product will be of particular use. These two aspects will be the foundational principles