In this 146th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Daniel Döderlein, the Founder and CEO of Auka, the tech company that helped pioneer mobile-cash transfers in Europe!

Episode Highlights:

• 0:37 – Daniel introduces Auka and its journey.
• 1:26 – Daniel talks about his history as an entrepreneur.
• 6:15 – Jason and Daniel dive into the regulations that technology companies face and how they are used as a cop-out.
• 11:03 – What was the genesis of Auka?
• 19:20 – Daniel talks about the introduction of the smartphone and how that changed the mobile-finance game.
• 22:32 – mCash lost its patent protection, leading to banks launching their own mobile-payment systems.
• 24:10 – Daniel talks about his decision to take their mobile-payment system to the international market.
• 27:02 – What does Settle, the next leg of the journey, look like?
• 31:57 – What is one thing that Daniel would change in the ecosystem of his industry?
• 33:53 – What was the biggest challenge for Daniel to get where he is today?
• 35:40 – What excited Daniel the most about what he is working on?

3 Key Points

1. Daniel began his entrepreneurial journey selling ice cream on a boat during summers in Norway, which led him to his entry into the world of technology.
2. Daniel designed a brand-new payment system from the ground up, using Python to write the first mobile-payment system in Norway, mCash.
3. Settle was designed as a mobile-payment business model to interconnect the #1 mobile-payment schemes in individual markets.

Tweetable Quotes:

• “There are so many firsts that we have done in Auka. We wouldn’t be able to pull that off unless we had a vision, some really talented and dedicated people, and some hustling skills.” – Daniel Döderlein
• “Move fast and break things does not work well in highly regulated markets, quite honestly.” – Jason Pereira
• “There needs to be some tech involved in moving this money. Let’s replace this freight train with some fiber optics.” – Daniel Döderlein
• “We believed firmly there would only be one domestic winner in the mobile-payment space in every individual market.” – Daniel Döderlein

Resources Mentioned:

• Facebook – Jason Pereira’s Facebook
• LinkedIn – Jason Pereira’s LinkedIn
• FintechImpact.co – Website for Fintech Impact
• JasonPereira.ca – Sign up for Jason Pereira’s newsletter
• Woodgate.com – Website for Woodgate Financial
• LinkedIn – Daniel Döderlein’s LinkedIn

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