Able Quote by Jim McKelvey
“At Square, we got our tech up and running in three weeks, but it took us 18 months to get licenses, banking relationships and everything else we needed to be able to move money. We had to partner up with major companies to do it.”
About This Quote
Source Interview: FinTech Startup, 2019
Describes rapid tech deployment but lengthy regulatory and partnership hurdles.
In simple terms: Tech built fast; licensing took long.
Key Takeaway
Plan for regulatory timelines early.
Themes
business
technology
regulation
partnerships
Mood
pragmatic
realistic
Type
business
financial
When to use this quote
- startup launches
- financial industry
Key Concepts
compliance
financial services
market entry
Questions to Reflect On
- How can startups accelerate licensing?
- What partnerships ease compliance?
A Different Perspective
Regulatory delays can stall growth.
