Ian Dillon on fintech business model
From Ian Dillon || co founder now money || middle east fintech || Dubai fintech || Fintech eco system · · Eventica
“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.”
On , Ian Dillon, CEO & Co-Founder at NOW Money, spoke about fintech business model during Ian Dillon || co founder now money || middle east fintech || Dubai fintech || Fintech eco system on Eventica.
About Ian Dillon
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.
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