Tomisin Salam, Founder & CEO, FiatMatch; Global Impact Entrepreneur
- Tomisin is the founder and CEO of Fiat Match, a community platform for getting the best international money transfer deals.
- He is a Global Impact Entrepreneur.
Podcast
Overview
With increasing globalization and migration, the is always a constant flow of money from one country to another. A lot of times, a huge amount of money gets lost in the way. The amount lost on the way, many times, goes unnoticed by the customers. FiatMatch promises to provide a platform to enable the transparent exchange of foreign currency between countries. Dive in the podcast episode, to learn more about the services offered by FiatMatch.
[00:36] – About Tomisin Salam
- Tomisin is the founder and CEO of Fiat Match, a community platform for getting the best international money transfer deals.
- He is a Global Impact Entrepreneur.
- He has been focused on reducing world poverty.
- Tomisin started his journey of entrepreneurship in his second year of his university.
[02:56] – What is Fiat?
- We want to democratize how people move money from one country to another. Another motivation is to end currency exchange manipulation.
- Paying fee is not the only money you lose in international transactions, but the problem is that one doesn’t even realise the amount of money being lost on the way.
- On our platform, we can send money in three different ways:
- We take out the middleman, money transfer agents, and banks.
- Every country has local currency shops, that usually offer the best rates, but are not online. They don’t depend on banks, but directly on the source. We provide platform to these folks and get them onboard.
[09:07] – How do you, at FiatMatch, manage risk?
- We have a very robust system of security, with three different systems.
- When a customer registers, their name runs through over a thousand sanctions.
- The second step includes verifying if the submitted ID is valid.
[12:10] – How are you handling foreign exchange laws of multiple countries?
- We realized that governments are part of the problems because they are the biggest player in the market. They don’t have the need to innovate because they know there is a huge barrier to entry.
- We would look for a country or a partner that has a license but does not use it for money transfers.
- We have partnered with those folks that have enabled us to do transactions in those countries.
- The goal of Fiat Match is that we want to build a universal bank and not just a money transfer solution.
RESOURCES:
You can connect with Tomisin Salam – LinkedIn
Enjoy this podcast?
If you learned new insights about international money transfers, subscribe and share it with friends!
Love to give us 5 stars? ⭐⭐⭐⭐⭐ If you do, we’d love a review from you. Help us reach more people to keep them in the know as we talk to leaders, high achievers, and thought leaders from diverse backgrounds and nationalities. Excellence can come from anywhere; stay in the know, and hear from emergent high achievers and gurus.
Stay updated with what’s shaping the world today through the latest The Brand Called You Podcast episode. Follow us on iTunes, Spotify, and Anchor.fm.
Don’t forget to follow and message us on these platforms!
Website: https://tbcy.in/
Facebook: https://www.facebook.com/followtbcy
LinkedIn: https://www.linkedin.com/company/tbcy/
Twitter: https://twitter.com/followtbcy
YouTube: https://www.youtube.com/c/followtbcy
Thanks for listening!
Profile
- Tomisin is the founder and CEO of Fiat Match, a community platform for getting the best international money transfer deals.
- He is a Global Impact Entrepreneur.
- He has been focused on reducing world poverty.
- Tomisin started his journey of entrepreneurship in his second year of his university.
