check

Sebastian Patel's 2-Minute Taste-Test On Scaling Fintech Apps

Before you get stuck into the recipe, test your skills in this supa quick 10-step assessment below. Then, try again at the end to see your improvement. 

Click below to begin the assessment.

Start

Question 1 of 10

What is NOT a barrier to entry when it comes to investment?

A

Complexity.

B

Minimum investment amounts.

C

Access to financial advisors.

Question 2 of 10

What is the message Franc sends its customers through its name?

A

We are a no-BS business you can trust.

B

Foreign currency is the best investment.

C

Always talk to the guy named Frank.

Question 3 of 10

How has Franc’s offering changed over the years?

A

It has become simpler and easier for investors to use its two products.

B

They have added more investment options.

C

They have added other financial services, such as insurance.

Question 4 of 10

Franc measures product-market fit by segmenting customers according to:

A

Their investment portfolio.

B

How often they make withdrawals.

C

How much they like Franc.

Question 5 of 10

Franc always uses design sprints to do fixes and improvements.

A

True.

B

False.

Question 6 of 10

What is one of the ways in which Franc builds customer trust?

A

Spectacular returns on investments.

B

Financial literacy content.

C

The robo-advisor facility on the app that tells people what to do.

Question 7 of 10

What danger lies in scaling through automation too early?

A

It takes up time and headspace more needed elsewhere in the business.

B

You have to retrench people.

C

The business becomes impersonal.

Question 8 of 10

What is great about hiring new people?

A

Someone else can get your coffee for you.

B

You get to do something new by training them.

C

You get the time and space to work on the business and not only in it.

Question 9 of 10

What should entrepreneurs do when they want to test an idea?

A

Leverage as much free tech as possible.

B

Hire a software engineer to build an app.

C

Contact someone in Silicon Valley.

Question 10 of 10

What do South African tech startups NOT suffer from?

A

Money.

B

Advice.

C

Ideas.

Confirm and Submit