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Dmytro Rukin, CEO of LaFinteca

Dmytro Rukin

Dmytro Rukin, fintech entrepreneur and CEO of LaFinteca

Why the hardest markets make the best payment companies

Why the hardest markets make the best payment companies, article cover

I have been in payments since 2018, and I keep watching good companies pick the easier country and pay for it a few years later. A demanding market asks for everything at once: capital held locally, regular reporting, real relationships with domestic banks to settle through systems such as Pix, and a tax discipline of its own. Very little of that transfers to the next country, and entry takes a year or more. Each requirement filters out companies that wanted the upside without the work. Once you are through, that same year stands between you and everyone who chose the shortcut. It shapes the team too. Our engineers now picture how a feature will look in a regulatory report while they are still sketching it. And a stack that holds up under Pix peaks of more than 300 million transactions in a day travels well. Test demand through a global provider if you need to. Then price entry honestly and commit to one market.

Read the full article on → Deadline News

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