finance meets technology: building a fintech startup
Post on 06-Jan-2017
2.501 Views
Preview:
TRANSCRIPT
FINANCE MEETS TECHNOLOGYBUILDING A FINTECH STARTUP
whoami?
Mārtiņš Eglītis
CTO @ Mintos, www.mintos.com
Why Mintos
● Made in Latvia● Operating in whole
Europe● ~20 employees
(about a half in IT)
Agenda
● Business idea and challenges● Technological challenges
Mintos is a peer-to-peer lending marketplace
Sharing Economy
Mintos Presence
● 9000 investors from 40 countries○ Currently mainly retail ○ Some institutional
investors● 12 loan originators from 6
countries
Mintos Presence
● Loan products○ Business loans○ Mortgage loans○ Personal loans○ Secured car loans○ Secured business loans○ Invoice financing loans○ Agricultural loans
Strong early traction
Total loans funded (cumulative)48M EUR
200K EUR 3M EUR
Mintos closes 2 million euro seed funding round
First business model● All loans are secured by real
estate and issued by Mintos● Latvia first, then new countries
would be added● Marketing activities to attract
borrowers
Traditional p2p lending
Marketplace model
Technology challenges
● Moving from MVP to IS○ Maintenance (monitoring, infrastructure)○ Quality assurance○ Deployments
Standards
● “Finanšu un kapitāla tirgus dalībnieku informācijas sistēmu drošības normatīvie noteikumi”
● OWASP Testing Guide
QA
QA
QA
Selenium IDE
Scrum
vs
Takeaways 1
● Business model isn’t static● Fintech is full of opportunities to change
market segments
Takeaways 2
● Automatic QA is easy to start● Don’t overcomplicate development processes● Monitor everything
top related