139 - How to react when your FinTech is in crisis

As a FinTech startup founder, it is almost guaranteed that you will experience some form of crisis at some point in your journey in the industry. And more likely than not, you will experience more than one! In today's episode, I discuss some of the more common crisis situations, from counterparty failure to regulatory issues, and offer advice on how to deal with them. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:42] The focus of today's episode.  [01:11] How I define the term 'crisis' in this context. [01:56] Examples of how a counterparty failure crisis can play out in the FinTech industry.  [03:39] Other common problems experienced by FinTech startups. [05:28] Situations that may feel like a crisis to a new founder, but which are actually not the end of the world. [07:12] Why every FinTech startup will go through at least one crisis situation (and probably many more!).  [09:21] My advice for dealing with a counterparty failure.  [12:07] Warning signs for regulatory issues, and what to do when these arise.  [13:12] The importance of being open and honest with regulators.  [14:16] Survival rate for FinTech startups that experience a crisis.    Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.  

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