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This week I am delighted to welcome Jon Vollemaere CEO of R5FX to talk about the realpolitik of Fintech Scaleups, Asia Fintech and how relevant the “Fintech” label is and isn’t over the journey from being a Fintech Startup to Scaleup.
R5 offers a new electronic marketplace for emerging market foreign exchange (EMFX) and electronic non-deliverable forwards (eNDF) and has a prestigious single-figure millions investment from Deutsche Boerse and have offices in London and Singapore.
Jon was one of the early guests on the show, entirely synchronicitously being the guest on show number 5.
Upcoming Regulation requires Foreign Exchange (FX) trading banks to drastically change their current trading channels for the BRICS and other Emerging Market/NDF currency pairs.
Today these currencies are currently traded and fixed over a number of old, difficult to track and inefficient methods. The market is opaque and liable to imperfect price movements to the detriment of bank customers and consumers, hence regulators desire for change.
R5 is building the emerging marketplace for FX banks that not only satisfies these new legal
requirements, but also specialises in the fast growing transaction volumes in BRIC
and emerging economy currencies.
What is the journey like from startup to serious player?
What in prior and existing narratives around Fintech is BS/hype/fantasy?
What are the differences that matter at the coalface of competition for clients?
Where’s it all going?
Along with these topics we discuss: Continue reading