Technology companies are riding the wave to global expansion faster than firms in most other industries. As soon as tech firms have a viable product they can turn to global markets hungry for the latest and greatest innovation.
On the quick trip from the garage to foreign markets, tech businesses face a number of common legal and regulatory issues. Particularly FinTech companies operate in a highly regulated environment and may find themselves subject to banking, securities or payment services regulation. Startups cannot always address these issues proactively due to limited time and resources. Thus, having a checklist of important issues to keep in mind is key to navigating the early days of international expansion.
This checklist provides practical guidance on how to start up a FinTech business and how to take it global.