CEO & Co-Founder, Now Money
Search every verified Ian Dillon interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ian Dillon, CEO and co-founder of the fintech company Now Money, has spoken about the company's focus on providing mobile banking and remittance services to low-income migrant workers in the Middle East. He described the business model as being built around fees on money sent home, and noted that the company initially used alternative remittance rails to prove it could be cheaper and faster before winning partnerships with traditional exchange houses. Dillon stated that a key mistake was raising at too high a valuation early on, and he advised startups to fund themselves as long as possible before seeking investment. In a separate appearance discussing stock markets, Dillon offered his personal views on Nvidia's quarterly earnings report, stating that he expected the market to sell off before the release and that Nvidia would likely report strong results. He said that if Nvidia performs well, it could drive a broader market rally, but cautioned that the outcome was uncertain. Dillon also remarked that he believes Nvidia CEO Jensen Huang's optimistic outlook, while acknowledging that Huang may be biased due to his position.
“Tomorrow the market's going to stay red after Nvidia reports quarterly. That's obviously what I'm talking about. Nvidia is going to come out with spanking good quarterlies and there's going to be trillions of dollars flooded back in the market.”
“The market always does this two days prior before the release of Nvidia quarterlies where it just sells down. It does not move. It sells off. People are afraid because Nvidia literally is the king of the stock market right now.”
“If Nvidia doesn't do well, then the whole market goes like, well, we don't know what to do. So, the bears are looking for any slice of they're not up to par. They're not making as many orders. They're not hitting as many orders.”
“The main thing you do here is no matter if you're buying stocks that are trading X over the amount what they should be, you're putting your money into good companies. And that's something you want to do. Companies that are going to continue to do well for you.”
“Tomorrow is the big day after market close. I'm not expecting anything to happen tomorrow in the market. I'm expecting more red. I'm expecting more selloff until these quarterlies are released in the market.”
“I think Nvidia more likely will come out with good quarterlies. Now, what is a good quarterly with Nvidia? Is it, you know, 47 million, 48 million? Yes, somewhere around there. A really good quarterly would be somewhere in the high 48s, 49s, 50 would be like, holy smokes. Billion, billion, billion.”
“There's no way they're going past 50 billion. That's insane. We're talking about billions here. So, that would be if we see anything like 48 to 50. I mean, there's no way.”
“Nvidia is just really really ahead right now. And will they be beaten? I don't know. I don't know that that's a hard pill to swallow for a lot of people. If Nvidia started to lack quarterlies right now, we're just not seeing anything with that.”
“I believe what they say. I believe Jensen. Obviously they're going to be biased because of where they're at. Jensen is the CEO, but I definitely think that these people see what's going on. They see where the market is going.”
“This is a very interesting situation. And so tomorrow at the most boring storyline that could possibly happen tomorrow is that what we've kind of seen here in the past, the last two quarterlies where Nvidia comes out with, okay, good quarterlies. This is enough to keep the market happy.”
“It's hard to make money from fintech products here because people keep their existing bank account and just use the fintech product for one specific purpose, which leaves the bank with the deposits and lending.”
“We loved this market because of the huge migrant population sending money back home; remittance revenue meant we could both build a profitable business and have a social movement.”
“It's strange there isn't a single fintech unicorn in the Middle East today — despite the region having huge population and opportunity.”
“Even though Now Money provides the customer-facing service, we can't operate without a bank — we need a bank partner and a pooled account to move money.”
“Fintech firms are often great at acquiring and servicing customers, but banks sit behind that and benefit from liquidity, deposits and lending — we need to work with the banking sector, not simply fight it.”
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