Fintech is disruptive by nature, so it was only a matter of time before this feisty category disrupted itself. A network of geographic locations, each with its own unique strengths, is quietly merging with Silicon Valley to form a fintech accelerator matrix that’s replacing the old single location fintech hub.
Fintech innovators are known for pushing boundaries. Their ability to think out-of-the-box is considered a major success factor. However, when it comes to regulatory rules there’s a point where an adman’s creative license can turn into a compliance infraction. LendingClub learned this lesson the hard way when the FTC filed a complaint against them for deceptive advertising claims.
Demand for all things crypto remains high, and financial outcomes for crypto enterprises have been described as “astronomical”. Robinhood stands out as a prime example.
Munchee, a foodie mobile app based in San Francisco, used a creative approach to attract investors in the crowded restaurant rewards category. They differentiated their program by describing the “rewards token” as a cryptocurrency, and issuing an initial coin offering (ICO) for the Munchee MUN.
Fintech entrepreneurs will need different types of expertise during different phases of their business lifecycle: beta test products and services, launch program, scale growth, expand into new geographic markets, extend the product line, upgrade technology, optimize operational processes, explore long-term growth opportunities.
