# This guy spent 6 months building a FinTech Startup app

**URL:** https://community.rapyd.net/t/this-guy-spent-6-months-building-a-fintech-startup-app/58174
**Category:** 💸 Fintech Exchange
**Tags:** open-discussion, api
**Created:** [December 2, 2022, 5:00am UTC](https://community.rapyd.net/t/this-guy-spent-6-months-building-a-fintech-startup-app/58174 "2022-12-02T05:00:00Z")
**Posts on this page:** 3
**Page:** 1

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### Author: ![juliapak](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/juliapak/32/1832_2.png) [@juliapak](https://community.rapyd.net/u/juliapak)
#### Post date: [December 2, 2022, 5:00am UTC](https://community.rapyd.net/t/this-guy-spent-6-months-building-a-fintech-startup-app/58174/1 "2022-12-02T05:00:00Z")

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Just thought I would drop in and share this video. He talks about all the difficulties and regulations within starting a fintech app. Basically its not easy and it can be costly to manage other people’s money

[![](https://us1.discourse-cdn.com/flex016/uploads/rapyd/original/3X/d/f/dfa2940158d8f232123da78754523444cb7bd836.jpeg "I spent 6 months building a FinTech Startup app (Idea, Demo, Stack, Lessons)") ](https://www.youtube.com/watch?v=NLBTVYjTj5E)

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### Author: ![Community\_Team](https://avatars.discourse-cdn.com/v4/letter/c/46a35a/32.png) [@Community\_Team](https://community.rapyd.net/u/Community_Team)
#### Post date: [December 5, 2022, 10:05pm UTC](https://community.rapyd.net/t/this-guy-spent-6-months-building-a-fintech-startup-app/58174/2 "2022-12-05T22:05:31Z")

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Love it! I respect the concept and the hard work put into this project.

Reality right around 7:25 in the video hits hard. I feel for a lot of entrepreneurs trying to build fintech on their own.

> “Turns out, you need a whole lot of certifications when you are going to be dealing with people’s money. A whole lot of compliances, you need to be compliant with this and than. More than the compliances, the main problem was there are a lot of fees when i comes to making transactions.”
> 
> “There’s a lot of processes around it and the fees are not standard in a sense that they are specific to a business, and what you want to do.”
> 
> “That’s one of the hard lessons of building this thing, I actually don’t regret some of them.”

Good on you wiredmartian, that’s an incredible journey to build, learn and navigate all of what you did. Much respect!

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### Author: ![Arthur\_AY](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/arthur_ay/32/22830_2.png) [@Arthur\_AY](https://community.rapyd.net/u/Arthur_AY)
#### Post date: [July 4, 2024, 1:13am UTC](https://community.rapyd.net/t/this-guy-spent-6-months-building-a-fintech-startup-app/58174/3 "2024-07-04T01:13:23Z")

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Concept is perfect, i need to learn more and moreeee