Technology is the sum of all of the knowledge that we have to process actions, create tools, and use materials throughout each day.
Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of “financial technology”.
We got a chance to have a chit-chat with the CEO of a number of public companies and the Fintech revolutionist Mr. Tony. Here is the transcript of the exchange of views we had together:
Q: What is your background? Education, Work Experience
A: My background is in corporate finance and tech. I started out as a software developer running several companies and then moving into corporate finance around 2005. I’ve been the CEO of a number of public companies and have taken more than 15 companies public in Sweden, Germany, and the UK.
Q: How did you get your idea or concept for the business?
A: The idea was based on my own experience in the corporate finance field and I saw there was a huge gap with missing services for public companies and other forms of publicly traded equity.
Q: What was your mission at the outset?
A: To do for equity what Bitcoin has done for money.
Q: When did you “charter” the business?
A: It has been many years in the making, but consolidated the brand and focused in early 2020.
Q: What is unique about your business?
A: Mostly that we are extremely agile, and our services are one of a kind in our industry. We are a small organization but yet we cover a very large part of the world.
Q: How many employees your company has or you work alone?
A: We have 12 employees
Q: Do you know who your competitors are?
A: We really don’t have anyone doing exactly what we do, but there are elements. Revolut is one. Another one is Secondmarkets.com.
Q: What service(s) or product(s) do you offer/manufacture?
A: Several services: Tokenization of equity, listing/dual listing of equity so that “traditional shares” can be traded with crypto, market-making of equity, yield products. A unique fully green cross-asset wallet for crypto, fiat, and equity.
We mine and offset carbon for all crypto transactions and I think no one else does this right now. As you know crypto uses a lot of power.
Q: Nowadays blockchain is also very “in” in payment processing. What are your comments on it?
A: Yes, it’s certainly here to stay and we are deep into crypto. What needs to happen is that access for the general public must be made much easier, it is still way too technical. People like to say that crypto went mainstream in 2017, but that’s not entirely true. We are setting out to create a safe and compliant solution for “ordinary” banking clients, or we call the project in-house – “crypto for grownups”.
Q: What makes your services unique compared to your competitors.
A: Primarily that we cross equity with fiat and crypto, also our green wallet and dual listing of assets.
Q: How do you advertise your business?
A: Through a members club, likquid.com, and social media.
Q: To what do you attribute your success?
A: Primarily the experience from both traditional banking and the crypto space. This allows us to see new solutions where we combine both.
Q: What made you choose your current location?
A: One should work in a pleasant environment, that in turn creates inspiration and good business.
Q: Do you work locally or internationally?
A: Internationally. We have offices in Dubai, Stockholm, London, and Geneva.
Q: You have done so many wonderful projects. Which one is the most memorable to you and why?
A: Setting up my own private jet business. Simply because I love flying, I’m a pilot myself, and it’s a fantastic environment to be in.
Q: Where do you see your business in the next years?
A: We will be the world’s largest market-making for small- and midcap stock with more than 10 million users.
Q: How has technology, such as computers and the internet, impacted how you conduct business?
A: It has been absolutely vital. This could not have been done, especially at such a low cost, only 15 years ago.
Q: How your business been affected due to pandemics.
A: It has actually benefited as it has increased online business and it has allowed us to focus.
Q: What is your management style?
A: Very creative, yet hands-on in knowing every moving part of the business. You can only scale and leads if you know how to do all parts of the process.
Q: How do you see the e-commerce market in the post-Covid scenario?
A: Hugely growing and continuing to grow as people have changed their habits and usage patterns.
Q: If you had one piece of advice to someone just starting out, what would it be?
A: Focus on one product or service only to get the cash flow going fast. Focus on building recurring and passive revenue that allows you to grow exponentially.
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