In today's episode I'm joined by Evgeny who is the CEO of Spoko.app — a company that enables its users to simply, securely and instantly transfer money between more than 100 countries.
Since they launched, they raised more than 7 million dollars of outside capital, their active userbase grew to more than half a million - and they are on their way to becoming a major player in the remittance market. In this podcast, Evgeny will tell us what kinds of investors should new startup owners look to attract and we'll discuss the importance of being local when it comes to tailoring your services for users in a new market.
Evgeny Chamtonau — Spoko.app CEO
Evgeny Chamtonau is the Co-founder and CEO of Spoko.app. Evgeny is a serial technology innovator with vast expertise in financial and tech industries. Evgeny is originally from Belarus and came to Poland for studies. From childhood he was fascinated with technology and entrepreneurship. At the age of 18 he created his first startup Finchways, an AI-driven trip planner app.
Spoko.app is the global Financial disruptor, which is providing instant money transfers around the world. Spoko.app is changing the market of instant international money transfers. It is one of the fastest growing companies in the financial industry worldwide.
Spoko.app wants to help millions of people around the world send money in a simple, convenient and secure manner. Regardless of the country from which users want to send money, with Spoko.app they can always do this in their preferred way – using local payment methods from 32 to 45 countries.
Spoko.app operates transparently and its users know immediately what the transaction costs are. The charges and exchange rates offered by Spoko.app are among the lowest on the market. Spoko.app is also a trusted partner of financial institutions and telecommunication companies, and can provide solutions to them which enhance their core offering.
00:00 — Intro
01:27 — What is Spoko.app all about
04:33 — Local approach
07:20 — Raising outside capital
09:35 — Bootstrapping vs outside investments
10:50 — Current plans for the company
11:30 — Current state of the remittance market
14:23 — Effect of the pandemic on the market
15:37 — Effects of increased digitalization
18:32 — Lead generation at Spoko
21:33 — Effects of remittance on the economy
22:59 — Challenges of building Spoko
25:20 — Expanding to US
26:39 — The future of remittance
30:52 — Activities and focus of a CEO
32:15 — Management style
33:29 — Advice for new startup owners
35:35 — Future of Spoko.app
37:54 — Outro
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