Nina Mohanty

Nina Mohanty, founder and CEO of Bloom Money, shares insights on building a fintech app to support immigrants in managing finances. She discusses the importance of rotating savings groups and how cultural traditions can influence modern practices. Nina explains the technology behind Bloom, highlighting its unique structure that connects users for saving and lending. She also addresses the challenges of navigating regulations and venture capital, and reveals plans to expand into new markets to empower diaspora communities.

Nina Mohanty, Founder and CEO of Bloom Money, talks about first-party fraud and its rise, sparked by trends like the "infinite money glitch" on TikTok. She highlights how the surge in fintech usage during the pandemic led to increased disputes and fraud, often overlooked by many companies chasing growth. The conversation delves into balancing consumer protection and accountability, exploring the ethical dilemmas faced by the industry and the complexities that threaten trust in financial services. A must-listen for anyone interested in fintech ethics!

Nina Mohanty, the innovative founder and CEO of Bloom, dives into the world of communal finance, transforming traditional savings practices for modern use. She shares insights on the challenges immigrants face with credit access and how age-old rotating savings systems, like Roscas, offer unique solutions. Nina discusses building a successful app that fosters trust among strangers, the hurdles of fundraising in fintech, and her vision for expanding financial opportunities for immigrant communities. Her passion for financial inclusion shines through as she explores the future of money.