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There are countless cases where startups die within the first three years of their existence. Some of them simply lost their bearing and phased away like a footprint on the sand beach. While others despite the availability of funds went out of operation simply because one or more of these pillars were missing. Building and running a FinTech startup is different from other enterprises. Successful entrepreneurs and founders have attributed the success of their startups to systems building. Traditionally, a good FinTech startup is built on four pillars that guarantee its growth and sustainability. If you get these systems right, you may have a large startup on your hands.
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Company culture is how the company chooses to run its course. Company culture is how you do what you do in the workplace. It’s the sum of your formal and informal systems and behaviours and values, all of which create an experience for your employees and customers. At its core, company culture is how things get done around the workplace. Building and growing a FinTech startup requires a strong company culture that empowers employees. Company culture is the compass that directs or navigates the ship of the company. According to Julian Lute, you’ll hear some people describe a company culture with statements like “people are willing to talk to each other, share what they know and take the proactive step to get you in touch with the right person,” or “people always come first”. Therefore, ideal company culture should be about people.
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- Perceived Quality.
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