Insight with Cédric Teissier, CEO & Co-Founder, Finexkap

What is the most impressive fintech start-up you’ve come across in the past 12 months and why?

Compte Nickel for its absolutely mind-blowing growth and sale to BNP Paribas.

What would you rank as the top 3 challenges faced by start ups and scale ups as they plan for growth?

1) Not being banks.

2) Competitive pricing requiring rapid scale.

3) Capital Intensive.

Are we any nearer to seeing the full impact of Brexit on the fintech sector? If so, please share your view on what the best outcome for the fintech sector would resemble?

Not really as Brexit is not done yet. Full impact will be much more massive for those that rely on cross-border activities - not the mature ones that can set up subsidiaries and pay for the associated costs, but for early stage ones.

Where do you think London ranks now, among the various global fintech hubs?

2nd behind China.

Do you believe there is more or less collaboration between fintechs and financial institutions than there was three years ago? Please comment or give examples if you are able to.

Yes, much more - in France, we see a blast of acquisitions and partnerships.

Outside of FinTech - which company (launched within the last ten years) do you admire the most and why?

Airbnb.

Please indicate which technology has the most potential to transform the financial services industry:

Artificial Intelligence.

Based on your experience, what advice would you give to young entrepreneurs starting their careers in fintech?

Be resilient, select a wise business model with margins and low capital needs.

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