39 - How To Plan Geo-Expansion in FinTech

<p><span style="font-weight: 400;">In this episode of</span> <a href= "https://open.spotify.com/show/3DMfG7iEAmvFwlqoh2a79x"><span style= "font-weight: 400;">Compliance That Makes Sense</span></a><span style="font-weight: 400;">, I am talking about geo-expansions in FinTech, how to prepare for your expansion, what to have in mind, what the options are and how I recommend going about it. When I talk about geo-expansion, what I mean is that you have an existing entity, and you are simply adding a new country into your scope of services. I will share some questions I have received and give my answers and suggestions to help you if you are considering geo-expansions.</span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:33] Hey guys, I'm back!</span></p> <p><span style="font-weight: 400;">[01:58] Do I launch all the countries at once or sequence them one after another?</span></p> <p><span style="font-weight: 400;">[04:51] I share some practical aspects to consider when you launch in a different country.</span></p> <p><span style="font-weight: 400;">[07:59] Listen, as I describe reasons, you need a different fee structure or terms and conditions for people from different countries.</span></p> <p><span style="font-weight: 400;">[08:19] I recommend that it's better to start with a soft launch.</span></p> <p><span style="font-weight: 400;">[10:15] The last question I want to cover is how to communicate with authorities, both your home regulator where you are based and with the local authorities if needed.</span></p> <p><span style="font-weight: 400;">[12:52] It's always a good idea to share with regulators your financial projections.</span></p> <p><span style="font-weight: 400;">[15:02] Financial service usage is driven by a desire to pay or be paid with fewer fees and more speed, and better transparency.</span></p> <p>