Top Ways to Find Startup Capital

crowdfundingAs start-up has become very common these days. There are a number of aspiring individuals who wish to be independent and start their own business. In fact, it has become so appreciated and recognized there days that it is no surprise at all that top institutes of the country have also started offering formal education in entrepreneurship. It helps everyone to refine their skills and be able to plan better. Since there is a huge risk involved in a start-up, it is advised that everyone must be able to use the available resources well. One of the greatest concerns of a start-up is funding. This is why you must read ahead to know more about ways to find start-up capital.

  1. Start small: This is a new venture for you. This means that there is a possibility of profits as well as losses. Thus, you must start small. This means that you should not invest a huge sum right at the beginning. With a small investment, you will be able to know whether this field is actually lucrative for you in the long run. In fact, not only this, you will also be able to estimate the profit that you are likely to make in case you continue on this path.
  2. Define your needs: You must be able to know the amount you need and the areas where you need to invest. To make this clearer, I would like to site a very simple example. For instance, if you are starting a brand of biscuits. Then, you must start off as a local company. Thus, you must reach out to local means of funding such as investors in the particular region. This can also include the local moneylenders. Then, once you gain pace is business, you can start with better ways of funding, having cleared earlier dues.
  3. Reach out to investors: Next, you can reach out to investors. There are a number of companies out there who provide funds to startups. All you need to do is find these companies. The quickest way to do this is to search online so that you can contact them as soon as possible. You will have to pitch in your business idea before them to convince them that your idea is indeed something that will gain popularity and earn back what has been invested. After all, no one would be interested in procuring losses.
  4. Loans: Last but definitely not the elast, you can take loans from the bank. This is very common. People take loans such as car loans, home loans and also loans for their business. This is why a loan for a startup also seems like a good iea. Remember to carefully study the schemes that are offered by the plethora of banks out there. The interest rate that is charged must always be kept in mind and you must try to return this sum as soon as possible.

Thus, a startup has never been this easy before.

Financial Industry: What to Expect in 2023?

BlockchainNowadays, the landscape of financial services is rapidly changing, and the central question is what comes next in the nearest future. There are lots of questions to think about. Will the blockchain technology be as significant to the future of banking as it’s predicted to be? What about the safety and reliability of the public cloud? Will cyber-attacks continue to cause worldwide panic and loss of confidence in the financial system?

In the years to come, the financial services are expected to have a positive impact on the industry by providing a more diverse range of financing options, cost savings, and improved efficiency. Guillaume Dufour, Vice President, Financial and Business Services at Dassault Systèmes, comments on the situation: “Since the 2008 global financial crisis, the financial services industry has had to reaffirm its role as a positive for society and the economy. We are seeing the industry leverage new technologies to rethink both internal operations and the client experience.”

Let’s set a five-year period as a benchmark, and see what changes in the financial sphere we can expect by 2023.

The sharing economy

According to numerous predictions, it will be introduced in every sector of the financial system. Surely, by 2023, customers will still resort to banking services, but they may not address banks to get them. And that’s the place where the so-called sharing economy steps in. It has started with taxis (Uber, Lyft, etc.), and hotel (Airbnb, FlipKey, etc.) but financial services will follow this paradigm as well. In this particular case, the sharing economy refers to decentralized asset ownership and using information technology to find well-organized matches between capital providers and its clients, rather than addressing a bank as an intermediary.

The blockchain technology

Financial professionals rest assured: the blockchain technology is set to transform banking and financial services in a fundamental way. The topic remains hot: for instance, in 2017 alone, 13 blockchain-based companies obtained over $365 million in funding.

This much-hyped technology decentralizes financial management from a central authority to a widespread network of personal computers. Financial transactions are turned into encrypted packets, or so-called “blocks,” which are then added to the “chain” of computer code and encrypted for enhanced cybersecurity. Because the technology has the potential to improve numerous facets of banking — and is the basis for other banking technology trends like bitcoin — it’s no longer a question of if the blockchain will change the banking industry, but when. 2023 seems to be the right time.

SaaS solutions

As of today, the majority of financial institutions are using cloud-based software-as-a-service (SaaS) applications for conducting their secondary business processes, such as CRM, HR and financial accounting. They also use SaaS apps for point solutions on the fringes of their operations, like security analytics and KYC verification among others. However, the scenery changes as applications continually improve. As a result, the members of top management are getting used to arrangements, and the technology influences the way that their primary activities are processed. By 2023, core service infrastructures in areas such as consumer payments, credit scoring, and statements and billings for asset managers’ basic current account functions will be well on the way to becoming utilities.

Cyber-security and IoT

According to the article from Bloomberg News, the Federal Reserve suffered from more than 50 breaches between 2011 and 2015. This way, cyber-security is (and will be) one of the top risks financial institutions are exposed to. The expected growth of IoT in the financial sphere comes with a new set of security risks and challenges which require serious attention and efforts. Some industry sources predict the number of IoT devices worldwide reach whopping 25 billion by 2020. Until recently, IoT applications in financial services have primarily occurred in payments, insurance and banking. Nowadays, banks are forming partnerships with wearable technology providers (we’ll talk about that in the next paragraph) which allows their clients to make mobile payments via watches or fitness trackers. This way, cyber-security is the challenge number one when it comes to the adoption of IoT technology because insecure interfaces significantly increase the risk of unauthorized access even though financial software developers are addressing these issues professionally.


When talking about the future of customer experience in the retail banking sector, wearables such as smartwatches are mentioned fairly often. For instance, banks may be using Bluetooth beacons to send personal greetings to customers’ smartwatches when they enter a bank building. Another type of wearable might be smart glasses which could process customer banking information for the employee while he or she is simultaneously doing other customer service tasks.

In a nutshell, consumer behavior and smart device trends are guiding the banking technology in the direction of convenience. An increasing number of remote technologies will allow you to interact with your bank right from the palm of your hand. No matter if you’re using your email inbox or visiting a banking institution, you can expect new customer experience, perhaps even sooner than 2023. At least, let’s hope so.