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June 28, 2022

E6: How to Build a Fin-Tech App w/ Cato Pastoll

E6: How to Build a Fin-Tech App w/ Cato Pastoll

Cato is the co-founder and CEO of Loop (getloop.ca). Cato has been building financial products for Canadian businesses for the better part of a decade. 

Coming from a family of entrepreneurs and small business owners, Cato has an acute awareness of the challenges SMBs face and has advocated for banking reform, pioneered low-cost funding methods for SMBs, and lent more than $100M to businesses across the country.

Loop Card is a corporate card that has features and benefits that are specifically designed to support the growth of e-commerce businesses. 

In this episode, we discussed how to build innovative features in fin-tech, whether to bootstrap or raise funding in the early days of a fin-tech startup, challenges facing fin-tech founders, and many more great topics!

Episode timestamp:

0:45 Entering the world of entrepreneurship
2:26 Introduction to Loop
8:23 Building innovative fin-tech product features
10:41 Challenges in innovating in fin-tech
12:17 Building Loop's own infrastructure in fin-tech
13:56 The Opening Banking movement and why it matters
18:19 From idea to launch as a founder
23:58 Buy now pay later with Loop for e-commerce
28:34 Upcoming innovations for Loop
31:26 Lending and fin-tech, innovating in lending
37:27 Roadmap for Loop in the upcoming months
40:07 Bootstrapping in fin-tech: is it possible
41:31 Building a fin-tech MVP