Finance meets Technology: Building a FinTech Startup

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FINANCE MEETS TECHNOLOGY BUILDING A FINTECH STARTUP

Transcript of Finance meets Technology: Building a FinTech Startup

Page 1: Finance meets Technology: Building a FinTech Startup

FINANCE MEETS TECHNOLOGYBUILDING A FINTECH STARTUP

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whoami?

Mārtiņš Eglītis

CTO @ Mintos, www.mintos.com

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Why Mintos

● Made in Latvia● Operating in whole

Europe● ~20 employees

(about a half in IT)

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Agenda

● Business idea and challenges● Technological challenges

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Mintos is a peer-to-peer lending marketplace

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Sharing Economy

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Mintos Presence

● 9000 investors from 40 countries○ Currently mainly retail ○ Some institutional

investors● 12 loan originators from 6

countries

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Mintos Presence

● Loan products○ Business loans○ Mortgage loans○ Personal loans○ Secured car loans○ Secured business loans○ Invoice financing loans○ Agricultural loans

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Strong early traction

Total loans funded (cumulative)48M EUR

200K EUR 3M EUR

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Mintos closes 2 million euro seed funding round

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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

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Traditional p2p lending

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Marketplace model

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Technology challenges

● Moving from MVP to IS○ Maintenance (monitoring, infrastructure)○ Quality assurance○ Deployments

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Standards

● “Finanšu un kapitāla tirgus dalībnieku informācijas sistēmu drošības normatīvie noteikumi”

● OWASP Testing Guide

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QA

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QA

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QA

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Selenium IDE

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Scrum

vs

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Takeaways 1

● Business model isn’t static● Fintech is full of opportunities to change

market segments

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Takeaways 2

● Automatic QA is easy to start● Don’t overcomplicate development processes● Monitor everything

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Thank you!BTW We are hiring!

https://www.mintos.com