Tips from an Entrepreneur - Zaki Hasan (Affivo) #1

Raising Expert

Summary

In this episode of the Raising Expert podcast, host Finlay speaks with Zaki Hasan, co-founder of the fintech company Affivo. They discuss Zaki's entrepreneurial journey, the challenges of raising angel investment, and the importance of helping small businesses around the issues of delayed payments and invoice processing. Zaki shares insights on the current market landscape for startups, the significance of investor readiness, and practical lessons for aspiring entrepreneurs.

Takeaways

• Zaki Hasan is the co-founder of Afivo, a fintech company.
• Afivo aims to solve the problem of delayed payments for SMEs.
• Zaki has a background in finance and corporate roles.
• The biggest challenge for Afivo is changing customer attitudes.
• Investors are cautious in the current economic climate.
• Chasing invoices costs SMEs a significant amount annually.
• Understanding your audience is crucial for fundraising.
• A solid pitch deck and financial model are essential for investors.
• Self-learning and adaptability are key traits for entrepreneurs.
• Valuation should be approached conservatively.