{"id":12052,"date":"2015-11-13T19:00:47","date_gmt":"2015-11-13T19:00:47","guid":{"rendered":"http:\/\/www.francinebeleyi.com\/?p=12052"},"modified":"2025-04-23T19:10:21","modified_gmt":"2025-04-23T19:10:21","slug":"why-work-in-fintech","status":"publish","type":"post","link":"https:\/\/francinebeleyi.com\/why-work-in-fintech\/","title":{"rendered":"Why Work In FinTech? Find out from the Founders – Part 1"},"content":{"rendered":"

The cash being pumped into London’s financial technology businesses has already surpassed the entire amount invested 2014 as the capital cements its status as the FinTech capital of the world,\u201d reported City AM recently.<\/p>\n

\u00a02015 has been the most successful year ever for FinTech, with $554m (\u00a3357m) of venture capital investment in Q3, compared to total investment of $487m in 2014 according to the same source. And the special Envoy for FinTech,\u00a0Eileen Burbidge<\/a>, declared:<\/p>\n

\u201cThe UK is emerging as the FinTech\u00a0centre of the world and London is the jewel in the crown of the UK\u2019s FinTech\u00a0success story.\u201d<\/p>\n

So it\u2019s no wonder that when the tech news site, The Memo, organised an event last Tuesday at DueDil headquarters themed\u00a0Why Work in FinTech – find out from the founders<\/strong>, more than a hundred of people turned up.<\/p>\n

\"\"<\/p>\n

So who are these hot Fintech Entrepreneurs succeeding on the London scene?<\/strong><\/h2>\n

Damian Kimmelman, Co-founder and CEO of\u00a0DueDil<\/a><\/strong>,<\/strong>\u00a0a simple way to find information on private companies, for finding business opportunities, prospecting or mitigating risks. The company started 5 years ago and raised 30 million dollars. They are expanding rapidly at about 2 people a week and are going through a substantial cultural change and identity.<\/p>\n

\u201cThe first 2 million that you make is impossible, 2 to 10 million is improbable, 10 to 100 million is inevitable,\u201d said Damian, excited that the company is getting close to 10 million.<\/p>\n

Anil Stocker, Co-founder and CEO of\u00a0MarketInvoice<\/a><\/strong>, an online platform that helps small business raise cash flow, finance and working capital. Typically, businesses have to wait 90 to 120 days to get their money whilst they still have to pay their suppliers, marketing costs, overheads, etc.<\/p>\n

MarketInvoice help their clients to signup online and get cash against their invoices future revenues fast. The 80-people company has processed 560 million through the platform and hit a high\u00a0point\u00a0in October with 36 million in one month.<\/p>\n

Hiroki Takeuchi,<\/strong>\u00a0Co-founder and CEO of\u00a0GoCardless<\/a><\/strong>, a Start-up that helps businesses collect recurring payments. They help 13000 companies in the UK and collect close to \u00a31bn a year. \u00a0Their clients cover a wide range of businesses from not for profit organisations to big media players like The Guardian.<\/p>\n

The moderator of the evening,\u00a0Alex Wood,<\/strong>\u00a0Editor-in-Chief<\/strong>\u00a0of the Tech news site\u00a0The Memo<\/strong><\/a>, is also a Tech entrepreneur in his own right with his online venture setup as a start-up. after his life as a Tech journalist.<\/p>\n

The trio started their businesses almost at the same time, five years ago, and went through the growth stages and share the experience together. They\u2019ve shared what it takes to succeed in this industry, the good, the bad and the most single quality needed to make it work.<\/p>\n

Find out all about their advice and exciting opportunities next time in part 2.<\/p>\n

For now\u00a0Watch\u00a0the introduction of the three founders below.<\/p>\n