FinTech is well on its way to becoming one of tech’s hottest emerging technologies. From mobile payments to cryptocurrency, fintech startups are on fire. Investing in FinTech startups has been growing rapidly. Support for Fintech around the world has grown to a staggering $100 billion, fuelled by massive rounds of funding. With the expectation that FinTech companies are going to significantly continue to grow. But how is the world being affected by this growing investment in FinTech? And what will Fintech’s role become in growing and developing countries?
In today’s episode of Igniting Startups Podcast, we’ll be speaking with Ben Lyon, founder, and CEO of Hover, an Android API platform that enables developers to integrate any mobile money service worldwide. While being Hover’s founder and CEO, Ben is also an Entrepreneur in Residence for Caribou Digital’s Digital Financial Services (DFS) Innovation Lab where he’s responsible for sourcing and supporting innovative financial technology startups throughout South Asia and Sub-Saharan Africa, and in some cases building them from scratch.
Prior to joining Caribou Digital, Ben helped co-found Kopo Kopo, the first merchant aggregator and merchant cash advance provider in the mobile money industry, which now serves thousands of merchants throughout East Africa.
In this episode, Ben shares his experiences through the entrepreneurial path of FinTech and how he and his team at Hover are changing the lives and providing an awesome opportunity for people in the regions of Eastern Africa and changing the future of FinTech. Tune in for more!
In this episode with Ben Lyon, you’ll learn:
- Ben’s beginnings into the world of entrepreneurship
- How to build a remote culture for remote teams
- The diversity of hiring through different countries and cultures
- About the future of financial technologies in developing countries of Africa
- Ben’s take on the developments of the tech-ecosystem in Africa
Please enjoy this conversation with Ben Lyon!
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Ben Lyon quote’s from this episode of Igniting Startups:
“Trust, just over and over-index on trust from day one. The default position with your teammates has to be extraordinary trust. If you don’t have that, then you’ve undermined the Keystone. You can’t build a distributed asynchronous team without a strong latticework of trust across every node on your team.” — @bmlyon on @PowderkegCo
“What we have to do is know who we are, and communicate, you know, who we are as a team and the values that we’re going to live by. And that’s kind of the constant in that hiring process.” — @bmlyon on @PowderkegCo
“So the world is it ought to be in our opinion, is one way you can build for the world around you. I keep saying that phrase, it’s literally building for your own market because you know, what’s best for your market right now that can’t happen.” — @bmlyon on @PowderkegCo
“Globalization sterilizes culture, KFC is KFC everywhere. And so if we don’t enable the long tail of local innovation, you don’t get the long-tail use cases, and you just preclude massive parts of the market.” — @bmlyon on @PowderkegCo
Links and resources mentioned in this episode:
Companies and organizations:
Venture capital firms:
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What stood out most to you about what Ben Lyon shares in this podcast?
For me, it’s the diversity of hiring through different countries and cultures.
You? Leave a comment below.
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