FinHub

Hamed Arbabi - Vopay

Rotman Finhub Season 2 Episode 9

In this episode, we talked with Hamed, the founder and CEO of VoPay, a company revolutionizing the fintech landscape by offering data-driven API payment infrastructure and financial solutions across North America.
 
Hamed shares his journey from the telecom industry to founding VoPay, emphasizing the challenges of money movement that led him to create a fintech solution. Overcoming hurdles such as regulatory compliance and financial risk, VoPay has distinguished itself by not merely processing payments but enabling businesses to become fintech providers. 

The episode explores VoPay's impact across various industries, their approach to leveraging AI and machine learning, and thoughts on trends such as open banking and the rise of financial services integration within different sectors. Hamed also discusses the company's bootstrap funding strategy, customer-driven product development, and future expansion plans. The conversation concludes with insights on entrepreneurship in the competitive fintech industry.

00:00 Welcome and Introduction to VoPay

00:51 The Genesis of VoPay: Hamed's Journey

02:04 Overcoming Challenges in Building VoPay

03:18 Differentiating VoPay in the FinTech Space

04:22 Impactful Customer Stories and Industry Influence

06:02 Exploring AI and Machine Learning in Financial Services

08:14 The Future of FinTech: Open Banking and Beyond

13:17 Raising Capital and the Bootstrapping Journey

17:46 Product Development: Customer-Driven Innovation

19:08 VoPay's Expansion Plans and Future Projects

20:15 Entrepreneurial Lessons from VoPay's Journey

22:12 Closing Remarks and Podcast Information