MARA Raised 23 Million and Received Important Advice From Its Investors
Although money-moving businesses are an essential service, FinTech startups can still face major challenges during times of economic hardship. In today’s episode, I share how some steps that you can take to prevent your FinTech startup from being decimated by the economic downturn we are heading towards.
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Today’s episode:
- [00:44] The inspiration for this episode.
- [01:02] A valuable piece of advice that Mara received from its investors.
- [01:30] The major collapse that recently occurred in the equity and crypto markets, and what this could signal.
- [02:33] Negative economic developments that are causing pain for a lot of people.
- [03:43] Examples of how FinTech startups can prepare for an economic downturn.
- [05:59] Why the FinTech sector will be affected less than other industries during an economic downturn.
- [06:39] Challenges that FinTech startups are likely to face during an economic downturn.
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