Order my first book 'Build, Don't Talk' here: https://amzn.eu/d/eCfijRu
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In the latest episode of the Figuring Out Podcast, we are in conversation with Akash Sinha, CEO & Co-founder of Cashfree Payments, India’s leading payments and API banking company, a IIIT and ex-Amazon employee.
Akash Sinha and Reeju Datta started Cashfree Payments in 2015 and initially, they were digitizing offline COD payments. Then in April 2016, they got into the online space completely. When they started, it was just Reeju and Akash, along with another member who handled sales. At the time, Akash and Reeju started out by powering small restaurants in Bangalore. They were focused on night delivery restaurants, as it was a segment that required alternate options for cash payments. So, night delivery restaurants are where they found their very first users.
Today, they help businesses of all sizes accept payments, make payouts, verify bank accounts, Aadhaar, PAN, and more.
In this podcast, we had an amazing conversation about digital transactions, the role of payments in the growth of startups and small businesses, and more. Watch the episode till the end to know the complete details.
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Link to watch the podcast: https://www.youtube.com/watch?v=KLvlWo_2UVI
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Timestamps:
00:00 - Introduction
00:56 - Tech industry in India
07:11 - How to make a business tech savvy?
10:04 - Story behind Cashfree
12:08 - How to hire the right team?
14:00 - Key learnings in Amazon
18:54 - How to spot a good business idea?
21:07 - Future of Banking system in India?
22:03 - Where is India moving?
26:42 - Importance of Fintech for every industry
28:12 - How Fintech helps small businesses to grow?
38:51 - Why do businesses fail?
42:16 - Every small business comes online or not?
43:34 - How can online businesses attract customers?
45:54 - 3 key attributes to make a startup successful
53:32 - How can people scale their business?
1:00:52 - Books every entrepreneur should read
1:04:34 - How are you helping offline businesses to grow?
1:09:46 - Why are small businesses not able to grow on a large scale?
