Today I speak with Barry Levett, Co-founder and CEO at Mypinpad. Mypinpad strives to be the solution of choice for money on the move — making mobile transactions safe, easy and enjoyable and Barry confidently says they are known for being some of the best of the world!
We discuss building soft POS, the impact Mypinpad is having in society when it comes to financial inclusion, lessons from merging two companies with different but supplementary strengths and products and successfully creating an innovative solution, not flawless execution, their recent 30 million investment round, community, market expansion and much more!
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Let’s dive into it!
👉 You can find Barry here
👉 And you can find Monica here:
We cover:
(0:00:30) Focusing on performance and creating a fast and compliant product
(0:01:12) Making transactions safe, easy, and enjoyable
(0:03:02) Failure is part of the entrepreneurial journey, but spotting failure early is important
(0:05:02) Limited resources can lead to creative problem-solving and learning opportunities
(0:08:03) Mypinpad's North Star and Financial Inclusion
(0:12:55) Performance and experience for creating a successful product
(0:14:27) The process of merging companies and creating something new
(0:15:27) Knowing when to stop doing what made you successful and start something new
(0:17:18) Getting buy-in from the team and maintaining communication during the transition
(0:19:16) Challenges faced during the process of change and transition
(0:22:47) The importance of effective communication and finding translation agents
(0:25:52) The recent success of closing a $13 million investment round
(0:26:11) Getting investments and the pressure that comes with it
(0:27:01) The importance of community and the journey in business
(0:28:30) The benefits of having experienced investors in the payment industry
(0:30:14) Successfully expanding globally without physical presence
(0:31:58) Understanding your role in the ecosystem and building around it
(0:33:34) Identifying what you can do better than anyone else
(0:35:16) Asking the right questions to develop a unique value proposition
(0:39:53) Sorting out processes and fixing issues in teams
(0:40:30) Enjoying the journey and finding fulfillment
(0:42:39) Need for international standards in fintech
(0:43:35) Simplifying regulatory frameworks for global expansion
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Production and marketing by Monica Millares. For inquiries about coaching, collabs, sponsoring the podcast or creating or editing your podcast email fintechwithmoni@gmail.com
Disclaimer: This episode does not constitute professional nor financial advice and does not represent the opinion nor views of my current, past or future employers. The guest has agreed to record and release our conversation for the use of this podcast and promotion in social media.
