Apr 13, 2016 On Our Blog

“Good Companies Solving Real Problems” — That Happen To Deal With Your Money

Before becoming 500 Startups’ FinTech manager, Sheel Mohnot consulted for a company that was striving to be more competitive after the 2008 financial crisis. When pitching ideas, “the answer was often, ‘raise the fees on your customers,’” said Mohnot. “I didn’t like that.” In his view, shaking users down for nickels and dimes creates little value over the long term. “I fundamentally believe that the way to build an amazing business is to make people’s lives better.” Mohnot discovered his affinity for financial services and products as an early team member of Kiva, the social lending platform that’s granted more than $837M in micro loans to 1.9M people. “It has had a huge impact on what we’re trying to do at 500 …


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