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Building a Fintech Startup: How to Avoid Common Mistakes and Problems

Written by Scholastica Akaeze | Oct 1, 2022 9:32:27 PM

The demand for fintech development services has increased over time as consumers’ appetite for customized financial services keeps rising and financial institutions adopt technology to meet this demand.

However, at the same time, building a successful fintech startup seems to be getting more difficult due to the complexities of the fintech industry, which many founders struggle to overcome. On the bright side, there are still many untapped opportunities for new players to take advantage of in the fintech sector.

If you’re wondering how to break into the fintech space while overcoming its complexities, you’re in luck. We recently interviewed Ron Shteinberg, Chief Technical Officer at Bounce, as part of our Tech Leaders Hub Fintech series. He discussed common mistakes fintech founders should avoid and strategies for overcoming the most typical problems in their way.

Keep reading to find out how to build and launch a successful fintech startup using the tips shared by an experienced professional in the field!