Start with Why
At Intergiro we believe in societal progress.
We think that technology drives progress and business drives technology.
For that reason, we are on a mission to provide the financial toolkit required for businesses to build, adapt and thrive in the digital age.
Tackling a fundamental problem
When we built Intergiro, we knew there was a fundamental problem we needed to tackle.
For the 2.5 million new businesses that are born every year in the EU, the time, cost and stress involved in opening a bank account remains unacceptable. We saw this first hand when we tried to open our first bank account.
So we offer a digital alternative to the hassle and stress of opening a business bank account online, giving our customers time to fulfil their own missions.
Embracing the wider picture
When we started to think in more detail about why we wanted to tackle that problem, it became obvious that both the problem and the solution are far bigger.
We fundamentally care about making sure every potential customer has access to the right banking to allow them to shape the future - it’s what some might call financial inclusion.
We care about Financial inclusion because it increases economic participation, which we believe is a critical ingredient of evolution.
We’re not talking about biological evolution, but more generally about the evolution of ideas that lead to innovation and economic prosperity.
This lack of innovation is causing vastly divergent economic prosperity, creating a skewed distribution of opportunity and comfort.
We want to contribute to fixing this problem by leveraging technological and regulatory advances to build simple, safe and accessible products that bring more economic participants online so that the natural benefits of evolution can unfold.
Banking which facilitates progress
Once inclusion is addressed, we believe the next challenge is facilitation, which means building financial systems and products that are descriptive rather than prescriptive. In other words, financial products should shape, reshape and adapt to what people and businesses want to do, rather than be a limiting factor in what can be done.
Somewhere amongst the swollen balance sheets and banking crises this idea has been lost. The banks kept up well with the glacial change of business before the turn of the millennium. People were already communicating and interacting on the move and web+app banking just facilitated financial transactions through these channels.
But once the Internet got going, the banks could not keep up. A conservative culture led to insufficient technological investment and a tokenistic approach to innovation, which has compounded to slow the banks down at a time when the rest of the world was speeding up.
All your financial needs in one platform
Solving inclusion and facilitation for people and businesses starts with giving them a home for their money. But it doesn’t end there.
Businesses rely on a wide range of financial services to thrive. Too many business owners and CFOs are building their own solutions, cobbled together from multiple Fintechs and banks - a big bank for their business account, a currency exchange platform to make international transfers, an accounting platform to keep track of cash flow and a separate partner for their card issuing and acquiring.
Now they are questioning why they have been burning money and precious time creating workarounds to manage their finances. It doesn’t need to be like that.
This is why we are redesigning business banking.
Building for change
We want to help businesses to adapt and thrive by building anti-fragile teams, that work together in progressive cultures, that go on to develop systems and products that are built for change rather than just play lip service to it.
In future posts we will explain how exactly we plan on tackling these issues, but right now we just want to start with why.