S9 E3: Reinis Simanovskis, Finfra

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 12 December 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Reinis Simanovskis was born in Latvia. He comes from a family of exact sciences - physic, math, tech, etc. - which gave him a clear path of where to go professionally. He started coding classes in middle school, but quit to purse road cycling, of which he was very successful. He still rides today, nearly 200-300 kilometers per ride. He has worked in London, Africa, and eventually landed in Jakarta - and aligned with his travels, he is an adventurous foodie. In the past, Reinis and his co-founders noticed that no one was approaching embedded finance in Indonesia. At the same time, he was seeing other companies be successful at this very thing in the US and other countries, and they started to realize the magnitude of the opportunity. This is the creation story of Finfra. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	To get the first MVP live, what I would call the first MVP is basically the first partnership that we got live, the first embedded loan product that we got live.
0:09.7	To get it live, it took us a few months.
0:12.2	Since we were previously already doing consumer lending, we already had a backend.
0:16.1	We were using a low code environment for the backend which we can set up, which also helps a lot with iterating faster,
0:23.6	getting something developed faster.
0:25.6	We just built kind of a custom API layer to connect with the partner.
0:30.6	It was very just a back-and-forth interaction with the other partner.
0:35.6	It took us with three months.
0:38.0	We got it live.
0:39.8	My name is Rainis Simonoskis.
0:41.6	I'm co-founder and CTO FinFra.
0:46.6	This is Code Story.
0:49.4	A podcast bringing you interviews with tech visionaries.
0:52.4	It's six months moonlighting.
0:53.7	There's nothing on the the backcats.
0:55.8	Who share what it takes to change in industry.
0:58.3	I don't exactly know what to do next.
1:00.2	Just took many goes to get right.
1:02.0	Who built the teams that have their back.
1:04.7	The company is its people.
1:06.1	The teams help each other achieve.
1:07.5	Most proud of our team.
	...

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