In our series of interviews with successful entrepreneurs, we’ve had the honor to meet with one of the most successful entrepreneurs within the European FinTech industry, Rati Tchelidze. His companies have successfully developed within several FinTech verticals.
As the Founder and Director of Axios Holding, a company that has led multiple financial companies around the world, Rati Tchelidze has a lot to say about what makes a Startup successful. In a recent interview with a UK Financial Magazine, he gave an explicit talk about the success behind his FinTech companies. We contacted Mr. Tchelidze to further develop his thoughts on our platform to give more entrepreneurs the opportunity to learn about running successful startups within the competitive FinTech industry.
As A Manager One Should Allow Individuals To Grow
The importance of knowledge and a need to maintain a constant effort to move forward is a central message during our interview with Mr. Tchelidze. He believes his personal role as a manager, and the success of his companies, are a result of his ability to inspire everyone within the team to continue to learn and reach their full potential. The success of a company is the result of the team’s combined knowledge and aspirations. “Companies are nothing without people and I’m a firm believer in empowering people to be themselves” (Meet the Founder: Axios Holding).
Encourage Team Work With External Companies & Institutions
One of Tchelidze’s leading companies: Axios Holding specializes in helping startups develop within various FinTech verticals. By combining people with expertise from financial education projects, credit institutions, and other online businesses they have created a team dedicated to solving people’s financial issues.
According to Rati, the main reason behind their success is not forgetting the relevance of working together with other similar institutions, often in different countries, in order to arrive at a common goal. This has helped the company constantly move forward and Rati is a strong believer in the importance of giving people the chance to be themselves and in order to reach their full potential they must learn from the outside world.
According to Rati, a FinTech Startup becomes successful when it brings together a team of people with decades of experience from different industries and continents. The importance of great teamwork within a multicultural environment should not be underestimated.
The Educational Vertical
As a strong believer in knowledge, Axios Holding also plays an important role within the FinTech Educational vertical. The startups Mr. Tchelidze has developed don’t just work for profit’s sake but are able to combine the financial industries and educational practices together. After many years of experience, Axios Holding has developed advanced educational tools for financial literacy and practical skills.
The educational vertical contains educational training courses on finances, materials, and lots of innovative tools. These courses are taught by professionals in thirty different languages across the globe.
New Financial Markets
Axios Holding has successfully engaged in lots of projects, one of which EverFx group is a leading one. Presently, the company is providing brokerage functions in the financial markets and that is why this project is made available to everyone and it provides participants with the necessary tools for stable work and aids financial transactions between and among people and companies. Rati believes this is a sector that will see massive developments in the coming years. Unlike other companies’ investments, you get to access a wider range of investments than you can ever imagine. Startups within this vertical can spread their success’ and provide nothing lesser than the best and reliable financial services.
The importance of diversity, trust, and flexibility in a company’s dealings can not be underestimated. It helps build a long-lasting relationship with clients and a Fintech startup must provide its clients with financial tools but also build up a knowledge base on relevant financial services around the world.
The COVID-19 Impact On The FinTech Sector
It is no news that the pandemic has affected every business in a way one cannot imagine and several companies within the banking sector have had to see a good number of their staff go. Tchelidze’s companies have been able to support their staff in every way possible and made sure that all of their employees kept their jobs.
A Final Word To New FinTech Startups
Funding is a major issue for any startup and no matter how good the idea is, it will never be more than an idea if no one is willing to invest in it. Investors are afraid when it comes to financial technology. It’s totally acceptable that investors or prospective investors are afraid there are a variety of solutions just like yours, or they may simply be wondering what’s in it for them.
Besides making sure your product truly offers a solution to a real problem, one should not forget that financial service companies are different from many other startups. Financial services offer an opportunity to spread into all other countries. They should focus on making money available to everyone no matter who the person is or the amount needed or what business they want to use it for.
The transition towards a cashless economy has only started. While many solutions have been developed to overcome delays in banking transactions through advanced technology, further research on electronic specialization is still needed and startups that manage to close the gaps preventing us from becoming cashless in all currencies, in all countries, in all situations, will have a bright future within the FinTech Industry!