At FinTech Alliance, we believe mentoring is vital to career development and builds relationships that are mutually beneficial to both parties. We want to encourage networking and knowledge sharing in the FinTech ecosystem, as well as helping develop the talent of the future.
That’s why we introduced our Mentoring Hub to connect mentors and mentees in the FinTech space who might otherwise never have met. We were looking forward to launching the platform and encouraging everyone to meet up and network – but then the world changed.
So, while we can’t sit together over a coffee, we decided to launch Virtual Mentoring – a way for you to gain the advice you need or share your own experiences without having to leave your home. We’ll be sharing advice from mentors over the coming weeks and we’re open for you to send us any questions or problems you’d like answered.
In the meantime, be sure to sign up as a mentor or mentee (or both!) on the platform. We can’t wait to launch!
This week’s mentor is Gareth Lewis, Co-Founder and CEO of Delio Wealth. We asked Lewis what it’s like to build and scale a FinTech.
What’s the biggest mistake you’ve made – so far – and what did you learn from it?
Under-forecasting the necessary resources and fire-power that were needed to unlock the opportunities we wanted for the business. We’ve since learnt the importance of understanding the fundraising landscape so that we can develop stronger investor relationships. Doing this has helped us set realistic expectations for ourselves and others, meaning that we are more open to conversations with potential investors, along with the opportunities they may bring.
What’s the best advice a mentor has given you?
The way you treat people, both within and outside of your business, says a lot about its future. Successful relationships are built on empathy, rapport and strong people skills. After all, how you interact with your team can influence a project’s outcome before it has even started.
How do you motivate your team, especially in a fast-growing startup?
It isn’t always easy to motivate your team while your business is still developing. Over the last few years, I’ve found one of the best ways to drive the team is by empowering individuals. Freedom and responsibility excite people and encourage them to break the barriers they may have set themselves in the past. It also helps people to gain more confidence in their abilities which is then reflected in the wider team. I think this promotes a working environment where people can thrive.
You can hear more about how Gareth motivates his team in the video below.