{"id":3845,"date":"2023-01-16T00:00:00","date_gmt":"2023-01-15T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3845"},"modified":"2023-01-13T08:36:05","modified_gmt":"2023-01-13T00:36:05","slug":"daily-markup-662-monnais-ceo-pierre-demarche-reveals-5-things-he-wishes-someone-told-him-before-he-became-a-founder","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3845","title":{"rendered":"Daily Markup #662: Monnai\u2019s CEO Pierre Demarche reveals 5 things he wishes someone told him before he became a founder"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/KGr8m59Msw5uQXCh-AlIv0JLHeFfIYZad2F5uJ4yYfbdFKRjFQOTK0ZqDq-0nfuZ8vQrh1oANYxGvGyI24-qcG-ZKBfP0PR62bDuI1QdbB3ZLH-NUF9uO2DsOhmipnNLh22sY_WwCAqMADXAG3Iqk1_yFsEkd8_kQCU1L_CyykEsQO5TDeKah1BMaCSYdw\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: Authority Magazine<\/figcaption><\/figure>\n\n\n\n<p><strong>Marching to the beat of his own drum<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cAround 50% of the world\u2019s population don\u2019t have sufficient access to formal credit,\u201d shared Pierre Demarche, Co-founder &amp; CEO of 500-backed fintech company <a href=\"https:\/\/monnai.com\/\">Monnai<\/a>. \u201cThis leads to an estimated financial gap of over US$8T to US$9T including emerging and developed markets. It is impacting the entire ecosystem: financial institutions, consumers and enterprises. <a href=\"https:\/\/bit.ly\/3QwWcFh\">That is why we started Monnai<\/a>.\u201d<\/li>\n\n\n\n<li>Leveraging international partnerships to bridge gaps between global and local markets, the Monnai team enables businesses to provide financial services to 5 billion people. Monnai\u2019s AI technology delivers fair and transparent decisions, creating opportunities for people across the world.<\/li>\n\n\n\n<li>\u201cThis powers financial inclusion across markets, which is directly benefiting economic and personal growth and is core to the development of education, health, housing, and more,\u201d Pierre added.<\/li>\n\n\n\n<li>Amid company growth, how does he continue to thrive and not burn out? \u201cI don\u2019t believe there are any standard ways to approach such a process,\u201d he said. \u201cNot embracing traditional biases is very important, complemented with a bit of self-confidence.\u201d<\/li>\n\n\n\n<li>He added that instead of focusing on hard work, it\u2019s important for a CEO to answer the following questions: (1) Is the company properly financed? (2) Do we have the right strategy and KPIs? (3) Do we have the right team to execute them?<\/li>\n\n\n\n<li>What are the 5 things he wishes someone told him before he started Monnai?\n<ul class=\"wp-block-list\">\n<li><strong>Start it earlier<\/strong>: Being an entrepreneur is a mindset. If you have it, just do it as soon as possible.<\/li>\n\n\n\n<li><strong>The journey starts long before founding the company<\/strong>: The experience, network, exposure, etc. developed by the founders along the years prior to starting a company highly impact the trajectory and success of the company.<\/li>\n\n\n\n<li><strong>Go big and global<\/strong>: Technology, businesses, markets and talents are increasingly global, leverage it and build at scale.<\/li>\n\n\n\n<li><strong>One individual can make a big impact<\/strong>: With the thirst for scaling a company and consequent hiring volume, one should not forget that one individual can significantly impact the outcome of an organization.<\/li>\n\n\n\n<li><strong>Co-founder trust<\/strong>: Having full trust in your partners under any circumstances will help solve many challenges.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>And most importantly, here\u2019s how Pierre successfully navigates the emotional highs &amp; lows of being a founder: \u201cFocus on personal growth. The most successful and interesting entrepreneurs do many different things and pursue many different passions. Stay ambitious and keep growing outside of your company,\u201d he advised.<\/li>\n\n\n\n<li>Read the full interview <a href=\"https:\/\/bit.ly\/3QwWcFh\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Marching to the beat of his own drum<\/p>\n","protected":false},"author":5,"featured_media":3846,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[556],"class_list":["post-3845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-monnai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #662: Monnai\u2019s CEO Pierre Demarche reveals 5 things he wishes someone told him before he became a founder - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3845\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #662: Monnai\u2019s CEO Pierre Demarche reveals 5 things he wishes someone told him before he became a founder - 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