Building a Financial Institution: What We Didn’t Know | Sigita Kotlere | Nectaro | PM #12

Sigita Kotlere

Sigita Kotlere, CEO of Nectaro, shares the highs and lows of building a regulated financial institution from scratch. 🚀 Nectaro, an investment platform designed for Millennials and Gen Z, makes passive income accessible with double-digit returns on asset-backed securities - typically a privilege reserved for institutional investors. 🌟 After one year online, the platform has already funded over €7M with 5,000+ users, mostly from Germany and Latvia.

In this talk, Sigita dives into the challenges of creating a financial institution, from obtaining a demanding IBF license to navigating strict regulatory frameworks. She sheds light on the financial licensing process and how it conflicts with the MVP approach, recounting how her team wrote 86 detailed procedure descriptions before even finishing with the product development! 📄 Her lessons include the importance of trust, transparency, and discipline.

Sigita emphasizes the value of big goals achieved through small, purposeful steps, sharing how her team leveraged their collective experience to avoid common pitfalls. If you’ve ever wondered what it takes to turn a groundbreaking fintech idea into reality, this talk is packed with insights and inspiration.

Don’t miss it! Watch the full video on our YouTube channel!💡