Fintech

Navigating Global Markets: Insights from Fintech and Innovation Expert Iskander Haouam – KoreaTechDesk

Published

6 months ago

15 July, 2024

Iskander Haouam, A seasoned expert with over 15 years of experience in investing and entrepreneurship, he brings a wealth of knowledge and insights into the rapidly evolving world of financial technology and innovative solutions. With a diverse background spanning industries such as QSR, banking, telecom, retail, and autonomous transportation, Iskander has been passionate about financial technology since 2011.

TO Namal Impact Investment Capitalexcels in product and business development strategy, customer experience, relationship management, risk management, innovation, and finance. His extensive experience running accelerator programs with Flat6Labs and Fintech Saudi, coupled with his role in organizing hackathons, positions him as a formidable mentor for aspiring startups.

In this interview, Iskander shares his perspective on international investing, the growth potential of the industry, and the keys to successful global expansion for Korean startups.

Q. Can you tell us something about your background and experience?

I have over 15 years of experience in the investment and entrepreneurship industry, primarily focusing on fintech, environmental, social and innovative solutions such as IoT and AI. I have had the privilege of running accelerator programs with Flat6Labs and Fintech Saudi, where we supported early-stage startups with funding, mentorship and resources. Additionally, I have organized hackathons to foster innovation and collaboration.

Q. What is your perspective on international investments?

International Investments offer a diversified portfolio and access to emerging markets. However, they come with risks such as geopolitical instability, regulatory differences and currency fluctuations. Thorough due diligence and understanding of local market dynamics are essential.

Q. What are, in your opinion, the sectors with growth potential?

Globally, I see immense potential in renewable energy, biotechnology, artificial intelligence, and cybersecurity. In South Korea, the semiconductor industry, gaming, e-commerce, and entertainment sectors continue to be strong.

Q. What advice would you give to Korean startups aiming for global expansion?

Korean startups should leverage their strengths in technology and innovation. Collaborating with local experts, adapting products and services to local markets, and building strong networks are essential for successful global expansion.

Q. What are the strengths and challenges of Korean startups?

Korean startups benefit from a strong technology ecosystem, government support, and a talented workforce. However, they may face challenges in cultural adaptability, navigating foreign regulations, and competing with established players.

Q. How do you evaluate potential investments in startups?

When evaluating Korean startups, I consider the experience and passion of the team, the scalability of their business model, the market potential, and the startup’s ability to solve a meaningful problem.

Q. What qualities do you look for in founders?

I look for founders who are resilient, adaptable, coachable, and have a clear vision of their company’s future. They should be passionate about their product or service and demonstrate strong leadership skills.

Q. What advice would you give to foreign investors interested in the Korean market?

Foreign investors should thoroughly research the Korean market, collaborate with local experts, and understand the cultural nuances of doing business in Korea. Building trust and relationships is essential.

Q. How important is cultural adaptability for Korean startups entering overseas markets?

Cultural adaptability is key for Korean startups entering overseas markets. They can improve by investing in cultural training, hiring local talent, and building relationships with local partners.

Q. What role do government policies play in supporting startups in South Korea?

The South Korean government plays a significant role in supporting startups through initiatives such as the “K-Startup Grand Challenge,” providing funding, mentorship, and market access opportunities.

Q. What is your approach to mentoring startups?

I believe in providing personalized mentoring to startups, focusing on their specific needs and challenges. I offer advice on strategy, fundraising, team building and market entry.

Q. What was your experience with KoreaTechDesk Demo Day?

THE Demo Day showcased Korea’s vibrant startup ecosystem. I was impressed by the quality of the startups and their innovative solutions. To further improve the event, perhaps more networking and targeted matchmaking opportunities between startups and investors could be explored.

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