Sramana Mitra: You are talking about US accounts for Indian residents? Sankaet Pathak: Yes. Their thought process stops there. They’re more focused on how much money leaves India versus what other obligations come as a function of it. Primarily, US regulators are still more relevant. Sramana Mitra: Interesting. At some level, I feel like you
Sankaet is building interesting infrastructure products for FinTech. Lots of insights, also, on open opportunities within the field for new entrepreneurs to latch onto. Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Synapse. Sankaet Pathak: I’m the Founder and CEO of Synapse. If you haven’t heard of Synapse, we
Brian elucidates a world of underbanked, underserved consumers that we don’t hear much about – many lessons for global entrepreneurs interested in unleashing fortune at the bottom of the pyramid. Sramana Mitra: Let’s start by introducing our audience to yourself as well as to SurgePays. Brian Cox: I’m the CEO of SurgePays. I’ve been a
Sramana Mitra: What is your engineering team in Brazil like? How big is it? Is it all in one place? Ricardo Josua: It’s spread around the world. We have 280 engineers at this point. Sramana Mitra: In Sao Paulo? Ricardo Josua: No, they’re remote. Maybe 120 are in Sao Paulo. We have become remote-first. People
Sramana Mitra: Your core value proposition when it comes to the global market is the combination of payments and core banking? Ricardo Josua: This is one of the main features. You have everything rolled up in a single integration. The second one was that this is not a monolithic solution. It can provide all the
Sramana Mitra: Were these Brazilian banks? Ricardo Josua: The first ones, yes. The first one we went to was the largest bank in Brazil. We ended up closing this large contract. It was an experiment. Just having the open door there changed everything. Sramana Mitra: Now you can go to all the other Brazilian banks
Sramana Mitra: Pinpoint for me exactly what problem you are solving now. Ricardo Josua: We are solving agility with robustness for core banking capabilities. What banks have done for the past 10 years is take an agile team or a group of young developers and build experiences that are very cool but have to integrate
Sramana Mitra: Now we’re in 2012? Ricardo Josua: 2014. I started another venture in finance providing structuring for asset-backed security. It was lateral to the business we were doing at that point. I also began working with EdTech on modernization for schools. Sramana Mitra: In what capacity were you involved in these ventures?