The First Podcast | Ep 10: Rahul Shinghal, Founder of Tazapay

About this Video

• Video Title: The First Podcast | Ep 10: Rahul Shinghal, Founder of Tazapay
• Channel: The First Podcast
• Speakers: Rahul Shinghal (Founder of Tazapay), Podcast Host
• Duration: 01:03:23

Introduction

This podcast episode features an interview with Rahul Shinghal, founder of Tazapay, a Singapore-based fintech company. The conversation covers Rahul's career journey from traditional banking to startups like PayPal and Stripe, culminating in his founding of Tazapay. The episode also delves into Tazapay's business model, challenges faced as a founder, building a team, fundraising experiences, and the future of B2B payments.

Key Takeaways

• Tazapay's Business Model: Tazapay is a global collection network enabling merchants to access various local payment methods in 70 countries without needing local entities or compliance setup. It offers collection, holding, and payout services across global currencies.
• Founder's Journey: Rahul's career path showcases a transition from traditional banking to the dynamic world of fintech startups, highlighting experiences at PayPal and Stripe before founding Tazapay. He emphasizes the importance of balancing passion with dispassionate decision-making.
• Building a Team: Rahul stresses the importance of open communication and conflict resolution within the founding team and beyond. He prioritizes hiring individuals who value agency, possess grit and resilience, and are less self-oriented.
• Fundraising: Securing seed funding proved relatively easy due to market conditions, while Series A proved more challenging, requiring a clear narrative focused on the problem being solved and market opportunity.
• Future of B2B Payments: Rahul anticipates disruption in B2B payments through stablecoins and a hub-and-spoke liquidity model, addressing inefficiencies in traditional methods like SWIFT. He believes the B2B payments market is far from saturation.