139 - How to react when your FinTech is in crisis

<p><span style="font-weight: 400;">As a FinTech startup founder, it is almost guaranteed that you will experience some form of crisis at some point in your journey in the industry. And more likely than not, you will experience more than one! In today’s episode, I discuss some of the more common crisis situations, from counterparty failure to regulatory issues, and offer advice on how to deal with them.</span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:42] The focus of today’s episode. </span></p> <p><span style="font-weight: 400;">[01:11] How I define the term ‘crisis’ in this context.</span></p> <p><span style="font-weight: 400;">[01:56] Examples of how a counterparty failure crisis can play out in the FinTech industry. </span></p> <p><span style="font-weight: 400;">[03:39] Other common problems experienced by FinTech startups.</span></p> <p><span style="font-weight: 400;">[05:28] Situations that may feel like a crisis to a new founder, but which are actually not the end of the world.</span></p> <p><span style="font-weight: 400;">[07:12] Why every FinTech startup will go through at least one crisis situation (and probably many more!). </span></p> <p><span style="font-weight: 400;">[09:21] My advice for dealing with a counterparty failure. </span></p> <p><span style="font-weight: 400;">[12:07] Warning signs for regulatory