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Today I am delighted to welcome Alex Langridge Director of The Up Group on the show to talk about the very hot topic of whether Fintechs can grow up without, as it were, turning into their parents.
Less metaphorically what will mean that Alternative Finance remains alternative and doesn’t just end up like a Moorish house, inward looking into its own courtyard. Will they become like banks with levels and levels of internal committees, office politics and a lack of focus?
There are two key factors here.
Firstly the firm has to decide what its culture is. Which parts of that were just startup land? For many client or business facing AltFis suits are de rigour and t-shorts were startup. Which parts do they want to keep.
Secondly who do you recruit? It’s a good gossip topic over drinks for insiders on the London Fintech scene to discuss the obvious “don’t fits” – the imported investment bankers oozing arrogance and entitlement – sticking out like a sore thumb. Quite in contrast to real Fintechs who, having grown from nowhere know that they have been lucky to survive a perilous path that most of their compatriots have fallen off. And there but for the grace of God they could too have fallen.
It’s at this Nexus that the role of “a professional search firm” – aka head-hunters is key.
The Up Group was formed in 2007 with a vision to become the primary destination for digital talent. They must be doing well given the number of gigs they have worked on in Alternative Finance for some of the leading players.
It’s a pleasure to be joined by Alex who has placed some key hires into Fintechland and thus faces these challenges every day.
Plenty is discussed on the show including: Continue reading