Fintech & Innovation Ltd- Innovative Solutions & Technologies to Change the Financial Industry

Samuel Appadoo is a seasoned professional in the Fintech sector and the Founder and CEO of Fintech & Innovation Ltd, a boutique consulting firm that specializes in providing customized solutions for businesses in the Fintech industry. Samuel has held several high-level management positions in banks and Fintech companies across India, Dubai, Shanghai, Hong Kong, and other countries.

Throughout his career, Samuel has successfully implemented various innovative solutions, including e-wallets, Neo Banking services, Prepaid Card solutions, Cross Border Payment solutions, and Payment Gateway systems. His expertise in the Fintech sector has earned him a reputation for delivering personalized and effective solutions to his clients. We conducted an interview with Samuel to delve deeper into his journey in the Fintech industry.

What is your company name and contacts?

The company name is Fintech & Innovation Ltd. Fintech & Innovation Ltd has been providing clients with financial consulting solutions for more than ten years. Our range of professional consulting services is flexible and can be tailored to meet the specific needs of your business.

Who are the founders and co-founders of the company?

I am Samuel Appadoo, and I am the Founder and CEO of Fintech & Innovation Ltd, a boutique consulting firm specializing in the corporate and financial sectors. I have extensive experience in the banking and payment industry, having held several high-level management positions in banks across Mauritius, India, and Indonesia.

A complete journey about the company? When you have started, how and where?

At Fintech & Innovation Ltd, we offer a range of services to both startups and established businesses in the financial sector, including assistance with company setup and licensing procedure facilitation. Our goal is to help our clients expand their businesses across multiple jurisdictions, and we are dedicated to providing tailor-made solutions to meet their specific needs.

We specialize in providing company formation services in numerous jurisdictions, including Mauritius, Seychelles, India, UAE, UK, USA, Canada, Malta, Belize, St Kitts & Nevis, Singapore, Hong Kong, and more.

In addition, we help Money Service Businesses (MSO/MSB), Payment Companies, Forex, Crypto, and Gaming companies obtain licenses in several jurisdictions, such as Canada, the USA, the UK, the EU, Asia (including Singapore, Hong Kong, Malaysia, Indonesia, and more), United Arab Emirates, Mauritius, and Seychelles.

Furthermore, we have a vast network of over 50 banks worldwide, enabling us to facilitate corporate bank account openings, including for UAE companies in offshore or free zones such as RAK ICC.

In addition, our USA-based group company enables us to be a worldwide issuer of MasterCard and Visa cards. This allows us to provide customized card programs to financial clients, such as banks, forex, gaming, and money service businesses. We take pride in being one of the few companies that can offer worldwide issuing due to the remarkable characteristics of our MasterCard/Visa bin and card management platform. Moreover, our platform will facilitate a full treasury module in the next month, allowing us to offer multi-currency cards to our clients.

How does the company plan to achieve its goals?

Our greatest purpose is to become a director in our industry and support the growth of businesses worldwide.

Our commitment to providing exceptional services has earned us the trust of over 600 clients, who continue to rely on us for their ongoing needs. We pride ourselves on our ability to listen, advise, and deliver tailored solutions to meet the unique needs of each client.

This year, we are expanding our presence in the UAE and GCC region to better serve the growing demands of our existing and prospective clients.

Is there any roadblock/challenge?

As someone who grew up in Mauritius, I had the privilege of traveling extensively for work and holding various high-level positions in the financial sector across different countries. While this sometimes presented challenges for my personal life, I always relished the chance to take on new and exciting projects. One experience that particularly stands out to me is when I was working as a VP for a Shanghai-based company and was tasked with establishing a branch in the Tonga Islands for six months.

This was a life-changing adventure, as I had to adjust to living without my family and learn to cook for myself on a remote island accessed only by car in two hours. As a fun fact, I also love cooking and enjoy working as a part-time chef for private events whenever my schedule allows.

What project did you work on that challenged your innovation and creativity?

The financial services sector in Africa has been growing rapidly, but Payment Service Providers (PSPs) in some African countries have faced difficulties paying their merchants overseas due to high bank fees, exchange controls, or a lack of foreign currency.

To address this issue, we developed a strategy to assist these PSPs, and our efforts have been highly successful. We now offer a USDT solution that allows us to collect local currency in the respective countries and make USDT payouts, enabling PSPs to clear their merchants’ sales proceeds in USDT.

Our USDT transaction turnover has reached around USD 30 million per week, and we continue to see growth as more PSPs and financial companies turn to us for their cross-border transaction needs.

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Website
– https://www.fintechinnovation.io/

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