IBS Journal March 2017


51


NO BANK CARES AS MUCH


ABOUT ONLINE BUSINESSES AS WE DO


for free (we didn’t have any money at that point) was tough. What we ended up doing was really hustling our way through, relying on our network in the startup community to support us. The hustling paid off, as we now have an amazing engineering team, including a highly experienced CTO.


IBS Journal: Where do you want to be


in five years?


FF: In five years we want to have 200+ employees with several offices, probably an engineering office in Porto, and sales offices in Berlin and New York or San Francisco. What most people do not realise is that FinTech is still in its infancy. Finance and banks are really turning into


software. And in software strong power laws exist where a handful of huge companies dominate the globe. Just like Facebook, Twitter and company are dominating social media, huge software companies will come to dominate global finance. The number of physical banks and branches will be much, much smaller than it is now.


www.ibsintelligence.com


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