7 Things You Need To Know To Get And Keep A Banking Sponsor

For financial technology companies (Fintechs), finding the right banking sponsor can feel like a bad dating experience. You're tired of meeting the wrong type of financial institutions (FIs) that seem good on paper, and then when you finally meet, they say or do something that is a deal breaker. Or when you think you've made a connection, they bail on you for no reason, leaving you high and dry. You want to find a financial institution with attractive prospects, that has the same goals and interests as you, and who will invest in a long-term commitment – but at this point, you just don't know how to go about finding the right one. Thankfully, a financial institution's expectations regarding Fintech relationships are much more predictable than those of a prospective romantic partner, which can give you an edge when trying to woo a banking sponsor.