In this episode of TBLI Radical Truth, we sit down with Michael Madden β one of the most seasoned frontier market entrepreneurs in global financial services. With over 30 years of experience building banking and fintech businesses across Russia, Southeast Asia, Central Asia, and the former Soviet Union, Michael's career is the definitive blueprint for what it means to create financial infrastructure where none exists.
From scaling Renaissance Credit into Russia's third-largest consumer finance bank, to founding OnGo β Myanmar's leading digital payments platform β Michael has operated at the sharpest end of emerging market risk, including managing a live business through a military coup.
In this episode:
- How to launch and scale a fintech company in countries that lack basic financial infrastructure
- Real-world tactics for keeping staff safe and operations running during a national coup
- The biggest challenges and most compelling opportunities in Central and Southeast Asian frontier markets
- How to engage international partners and build consensus across 17+ diverse EMEA markets
- Why impact investing and financial inclusion are inseparable in emerging market strategy
- The mindset shift required to lead through extreme uncertainty and political instability
- Lessons from over three decades of frontier entrepreneurship across 70+ countries
The key insight: The greatest barriers in frontier markets β lack of infrastructure, political instability, regulatory gaps β are not just risks. For the right operator, they are the opportunity.
β±οΈ Episode Guide:
π€ About Michael MaddenMichael Madden has over 30 years of experience in financial services, with deep expertise in payments, retail banking, and emerging market entrepreneurship. He is the Founder and Managing Partner of Ronoc, an investment and advisory business founded in 2007 focused on financial services in Central and Southeast Asia. In 2003, he joined Renaissance Capital Group as the founding CEO of Renaissance Credit, which became the third-largest consumer finance bank in Russia. In Myanmar, he is the founder and Chairman of OnGo, a market-leading digital payments business launched in 2016. Prior to founding Ronoc, he spent a decade at American Express establishing card businesses across the former Soviet Union. An adventurer at heart, Michael has visited 70+ countries, completed six marathons, and is an early pioneer of the Virgin Galactic Future Astronaut programme.
Whether you are an impact investor, a fintech entrepreneur, or a fund manager exploring frontier markets, this episode delivers hard-won lessons from one of the most experienced operators in the field.
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ABOUT TBLI RADICAL TRUTHReal experience. Real results. No greenwashing. TBLI Group is the world's leading ESG and impact investing network β educating, advising, and connecting investors for 25 years.
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