Winning the Infosys Challenge highlighted shifts in the world of finance. Bizgees met at the UNICEF Fintech Jam for Good, 2016. We were members of the first batch of F10 - Fintech Accelerator program in Zurich. We are currently working on our product / market fit. We are supporting Refugee Entrepreneurs access business level interest free micro financial services. This is our experience.
I remember setting up my first business during the dot-com days. We were 4 co-founders. We all had day jobs. We all gave it 6 months to try out - a year later we were still there ! We all had business experience. We were all graduates. Yet, when it came to sourcing professional support we struggled. We were unsure what the investors were looking for? We were unsure when to engage with an accountant or a lawyer. We weren’t even sure what to ask them ! At times, we were paying them good money to find we already knew the answer.
I was finishing off on Friday. An email came in from startup bootcamp. I use their hackathons to test out new ideas all the time. They highlighted a Fintech Jam for Good event being sponsored by UNICEF. It clicked this was it. This event would be ideal for us. We felt this was just what we needed. It would allow us to use fintech to help organise The Swat Valley Guild - The SVG. We could build a team and use open innovation.
During one of the business mentoring sessions I asked for a show of hands. A simple question "How many of you are accountants?". Out of the 8 members there 7 were accountants. I was the only person it turned out who hadn’t trained as an accountant. So why were so many accountants showing an interest in becoming entrepreneurs?