Episode 18

full
Published on:

3rd Oct 2023

Merging two companies to create an innovative SoftPOS solution known as one of the best of the world | Barry Levett, Co-Founder and CEO at Mypinpad

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!

If you enjoy this episode it would mean the world if you subscribe and give it a follow so that we can have more impact. Remember to connect in YouTube or LinkedIn to keep the conversation going.

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.

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About the Podcast

Purpose Driven FinTech
Building products with impact
Welcome to Purpose Driven FinTech!

I'm your host, Monica Millares - Product Leader and fellow FinTecher.

These days, with the rising cost of living, financial stress among customers, loss of trust in banks, speculation of crypto, and uncertainty, we're facing unprecedented challenges. But there is hope. We as FinTechers have the power to make a positive impact.

Our products, the how we do product, and our people can make a difference on customers’ financial lives - and as a result, in the quality of their lives.

However, more than ever Founders, CEOs, Leadership teams and all FinTechers have a ton of pressure to build solutions that actually solve customer problems, that people want, that are differentiated And profitable

Yes that's you and me too!

That's why I've created this podcast!

I speak with Founders, Product Leaders, VCs, and industry experts to uncover their stories, challenges, and lessons learnt in building products with impact.

You'll get to hear real-life conversations, and you’ll walk away with practical questions, frameworks and insights that you can apply to your own FinTech products. So, are you ready to make a bigger difference in FinTech?

Let's come together and discover how Purpose, Product, and People can help us create a future of better financial wellbeing while building sustainable and profitable FinTechs.

Follow me on LinkedIn, TikTok, and  YouTube to stay connected and be part of the conversation.

Cheers to making better FinTech and making FinTech better!

Love, Moni 

About your host

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Monica Millares

Monica advocates for financial safety for all. She is the Product Principal at BigPay, where she leads Product and Design. As part of the founding team, Monica led building BigPay’s product from zero to one, to multi product line, and international expansion. Her leadership shaped the culture and ways of working to grow from startup to scaleup. BigPay has over 1.4 million customers, and has presence in Malaysia, Singapore and Thailand.

Monica has almost 20 years’ experience in Financial Services. Prior to BigPay, she was one of the first joiners in UK’s challenger Tandem Bank, where she focused on building credit cards from scratch. Previously she worked in leading Financial Services brands like Visa, Barclays, and a Mexican Development Bank.

She sits on the Board of PayEd, and is recognised as Singapore’s #Fintech65 Product Leaders and Women in FinTech. She’s been multiple times speaker at the prestigious conference Money2020 and shared stage with JP Morgan, Standard Chartered Bank, Konsentus, and Money2020’s Rise Up. Her commitment to innovation and financial inclusion resonates in her podcast “Purpose Driven FinTech” where she explores how FinTech’s can have 10x more impact.

Monica has a background in Engineering and a Master’s Degree on Analysis, Design, and Management of Information Systems from the London School of Economics.