The Founder Files Bootstrapped to R2 Billion and Disrupting Banking Oligopolies - Harry Scherzer, Future Forex
Welcome to the 100th episode of The Founder Files! It’s amazing to hit this century milestone and we’re excited to keep releasing more episodes and providing valuable conversations. Harry Scherzer, CEO and co-founder of Future Forex, joins us today to talk about his company which has grown to almost 100 people in just 4 years, processes R2 billion in transactions a month and is completely bootstrapped. In this conversation, we cover: - How have they managed to grow something so quickly out of the gate? - How their focus on customer service and experience has helped them stand out in the market while challenging the banking industry's oligopolies - Harry’s views on leadership, and how he navigates the uncomfortable parts - Finding the balance between gratitude and ambition, especially while his identity is so tied to the business. This episode looks at entrepreneurship both through a business lens and a human being perspective.
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This episode is brought to you by Metavolve.
Metavolve turns highly capable African founders into confident business leaders by helping them develop clear and comprehensive business strategies that make building a great sustainable business less complex. Reach out to our team to learn more: https://metavolve.co/
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00:00 Introduction 03:29 What is Future Forex? 07:26 Scaling to 100 people in 4 years 10:46 Developing a product with a lot of demand 15:10 What is Future Forex’s competitive advantage 17:29 How Future Forex started 21:16 Is it possible to scale this internationally? 27:00 Developing a second product and competing with major banks 35:37 How to make better decisions when things are going wrong 47:40 The importance of leave for the business 52:48 How to tackle difficult conversations 01:06:08 The importance of being grateful and achieving happiness 01:13:39 Future Forex’s plans for 2025 01:18:58 Are you happy?