Perseverance, A Prerequisite For Successful Venture
MoneyHop, a cross border, payments and structure company for remittance related to education for emerging market has processed close to USD 200 million dollars to the platform and has saved about USD five million in remittance fees for the international students traveling abroad. MoneyHop primarily focuses on India with further plans to expand in other emerging markets as well.
Mayank Goyal, Founder and CEO of MoneyHop, reiterates the consumption potential of India and firmly believes in the growth story and global leadership of India. Moreover, amid geo-political tensions prevailing globally, MoneyHop under the leadership of Goyal has been able to smoothly transact the remittances.
Goyal completed his masters in financial engineering from Imperial college, London, where he recalls about the understanding of global citizens, cross-cultural sensitivities. After the completion of his MBA program, Goyal pursued CFA and subsequently worked with Bank of Merill for seven to eight years. Goyal has also worked with global brokerage, Jefferies.
MoneyHop was established in 2019 with the goal of transforming India's remittance sector. The flagship products of moneyHOP, including HOPRemit, HOPApp, multi-currency HOP Debit, and Forex Card, now serve to meet the needs of individuals and companies looking to manage their finances globally.
Goyal is passionate about the quality education irrespective of geographical location or any geo-political issue affecting the remittances. He believes the future of any student should not be hampered and governments should work in tandem to make sure that the visa processing and other things happen expeditiously and not result in students losing their admissions due to such delays.
Riding through the extremely hard journey and the high conviction, Goyal advocates perseverance while delving into any venture. It helps while navigating any emotional and Financial turmoil. Besides, thorough research, interaction with relevant peers in the ecosystem and strong conviction in the idea with a vision is imperative before starting any venture.
Goyal has an optimistic outlook on concerns about winter funding, although he acknowledges the pre-covid liquidity will not be repeated, but people are going to fund the right startup with the robust business plans. Adoption of Indian startups worldwide and the upcoming general elections in India will further inject liquidity. Technology led businesses with focus on machine learning, artificial intelligence and API integration are going to perform well in the coming years.
Goyal is actively focussing on IFSC Gifty City and currently he is working with NPCI to take UPI International for education, related payment. Additionally, Goyal is all set to venture into South East Asia to expand in Bangladesh, Vietnam and Philippines.
