Why FinTech Applications Are So Costly and Slow to Build

A Painful $26.5M Lesson Six years ago, I had the opportunity to lead the engineering team building the reconciliation and operations backend for a broker-dealer. The founders envisioned Motif Investing, a $125M VC-backed retail trading platform for the masses; the Robinhood of our time. In late 2012, after raising over $25M and 2½ years of …

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