I Need Your Advise | How do i get investors for a FinTech Project?

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YInfo

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Hello all. Please take time to read my story.

I have a FinTech idea (Blockchain & Fiat) which is a peer to peer digital banking system. It's a very interesting idea, with no direct competitor.

I have everything set, am a developer myself and I have my own team who work with me to get things done. We have done even more complex projects together.


So since people would first get to learn how the system works and get to understand the new idea, it would require lots of Marketing. My estimated Marketing budget is $75,000. In fact, nothing would be needed from the investor just the Marketing funds which can be stored via Escrow or whatever. My aim is to make sure there is proper marketing after the development of the project.


According to my drawn out financial estimations. $70,000 Marketing estimating at worst case for $20 conversion rate, this is about 3,500 Target Merchants.

The minimum these people would generate in 6 Months is about $700k in profits not revenue.



How and where do I get to pitch this crazy idea to an investor who would believe in me?
I know starting a business especially with partners has to do with lots of trusts that's why the investor would be investing only on the Marketing when general development has been completed.


Please I need very concrete suggestions and ideas please on how to get investors that would work for my case.

Thanks!
 
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YInfo said:
Hello all. Please take time to read my story.

I have a FinTech idea (Blockchain & Fiat) which is a peer to peer digital banking system. It's a very interesting idea, with no direct competitor.

I have everything set, am a developer myself and I have my own team who work with me to get things done. We have done even more complex projects together.


So since people would first get to learn how the system works and get to understand the new idea, it would require lots of Marketing. My estimated Marketing budget is $75,000. In fact, nothing would be needed from the investor just the Marketing funds which can be stored via Escrow or whatever. My aim is to make sure there is proper marketing after the development of the project.


According to my drawn out financial estimations. $70,000 Marketing estimating at worst case for $20 conversion rate, this is about 3,500 Target Merchants.

The minimum these people would generate in 6 Months is about $700k in profits not revenue.



How and where do I get to pitch this crazy idea to an investor who would believe in me?
I know starting a business especially with partners has to do with lots of trusts that's why the investor would be investing only on the Marketing when general development has been completed.


Please I need very concrete suggestions and ideas please on how to get investors that would work for my case.

Thanks!
Click to expand...

Have you built the whole thing out? you can pitch the idea to someone with a prototype however, if it's not in action no one is going to invest imo, or it will be really hard to get someone to invest, and if they do, they are taking a bigger risk so you lose a lot of equity in return.

My best advice would be to build the whole thing out, have it functional. Then market it yourself, write 300 articles on informational keywords (research easy ones) that relate to your product, soft sell your product within those articles. Buy ad space on all popular forums and websites in your niche. Hit up influencers and get them to promote your product in exchange for affiliate commissions or upfront bribes.

Once you have revenue, even if it is $10K a month, you then have a business that is worth around $350K, you can then pitch this to an investor and get a lot more $ than you would right now without losing a significant portion of your business.

It is very hard to fund an idea, VC/angels want something that works and some proof of concept.
 
DeadJoe said:
Have you built the whole thing out? you can pitch the idea to someone with a prototype however, if it's not in action no one is going to invest imo, or it will be really hard to get someone to invest, and if they do, they are taking a bigger risk so you lose a lot of equity in return.

My best advice would be to build the whole thing out, have it functional. Then market it yourself, write 300 articles on informational keywords (research easy ones) that relate to your product, soft sell your product within those articles. Buy ad space on all popular forums and websites in your niche. Hit up influencers and get them to promote your product in exchange for affiliate commissions or upfront bribes.

Once you have revenue, even if it is $10K a month, you then have a business that is worth around $350K, you can then pitch this to an investor and get a lot more $ than you would right now without losing a significant portion of your business.

It is very hard to fund an idea, VC/angels want something that works and some proof of concept.
Click to expand...


Thanks for the response. Building the project isn't the issue, and those other things you have listed are all part of Marketing.
 
YInfo said:
Thanks for the response. Building the project isn't the issue, and those other things you have listed are all part of Marketing.
Click to expand...
what I'm telling you is that you need to get something going before you find an actual investor that will benefit your business. Finding someone right now is going to be super hard because there is no proof of concept. Also, if you do manage to find someone right now they will take a large chunk of your business away since it is only an idea and you have nothing to show for it. Hell even something that is ready to market has trouble finding investment because there is no incoming $, hence no proof of concept.
 
YInfo said:
Thanks for the response. Building the project isn't the issue, and those other things you have listed are all part of Marketing.
Click to expand...
So build it. Getting 75,000$ for a working project is like 2 hours of VC hunting.
 
YInfo said:
Thanks for the response. Building the project isn't the issue, and those other things you have listed are all part of Marketing
Click to expand...
If it isn't the issue, what are you waiting for? Start building stuff and start rolling some money. You don't wait for funding to market your project mate.

You make a MVP, put some of your own money into marketing, get customers, and start making some money.

Unless you have all that bootstrapped, raising money is difficult af. Investors don't invest in ideas anymore, atleast not as easily as they used to back then. You need a functional bootstrapped business making money to get investors interested.
YInfo said:
The minimum these people would generate in 6 Months is about $700k in profits not revenue.
Click to expand...
How do you know this? Have you tested a prototype for product-market fit? What if no one actually thinks the problem your product solved is as important as you do?

I would say you are thinking ahead. You do not think of $75k expense to get 3.5k customers at $20 acquisition rate when you do not have an MVP yet.

Your initial goal should be to get your product to market and get the first 100 customers. At a $20 acquisition rate you should be spending $2000 max. That's an expense you can take on your shoulders.
 
YInfo said:
Hello all. Please take time to read my story.

I have a FinTech idea (Blockchain & Fiat) which is a peer to peer digital banking system. It's a very interesting idea, with no direct competitor.

I have everything set, am a developer myself and I have my own team who work with me to get things done. We have done even more complex projects together.


So since people would first get to learn how the system works and get to understand the new idea, it would require lots of Marketing. My estimated Marketing budget is $75,000. In fact, nothing would be needed from the investor just the Marketing funds which can be stored via Escrow or whatever. My aim is to make sure there is proper marketing after the development of the project.


According to my drawn out financial estimations. $70,000 Marketing estimating at worst case for $20 conversion rate, this is about 3,500 Target Merchants.

The minimum these people would generate in 6 Months is about $700k in profits not revenue.



How and where do I get to pitch this crazy idea to an investor who would believe in me?
I know starting a business especially with partners has to do with lots of trusts that's why the investor would be investing only on the Marketing when general development has been completed.


Please I need very concrete suggestions and ideas please on how to get investors that would work for my case.

Thanks!
Click to expand...

Pitching to investors can be a rollercoaster, but here's the deal: you've got a unique idea, a solid team, and a clear plan. Start by researching and reaching out to angel investors, venture capital firms, or even consider crowdfunding platforms like Kickstarter or Indiegogo.

When you pitch, focus on your passion and the potential of your project. Emphasize how your idea fills a gap in the market and why it's a smart investment. And remember, investors believe in people as much as they believe in ideas, so be genuine, confident, and ready to answer their toughest questions.

Networking is key too – attend startup events, join online forums, and leverage LinkedIn connections. Sometimes, it's about who you know as much as what you know. So, go out there, pitch that crazy idea with all your heart, and find those investors who believe in your vision. It's all about the hustle and making your dream a reality!
 
YInfo said:
Hello all. Please take time to read my story.

I have a FinTech idea (Blockchain & Fiat) which is a peer to peer digital banking system. It's a very interesting idea, with no direct competitor.

I have everything set, am a developer myself and I have my own team who work with me to get things done. We have done even more complex projects together.


So since people would first get to learn how the system works and get to understand the new idea, it would require lots of Marketing. My estimated Marketing budget is $75,000. In fact, nothing would be needed from the investor just the Marketing funds which can be stored via Escrow or whatever. My aim is to make sure there is proper marketing after the development of the project.


According to my drawn out financial estimations. $70,000 Marketing estimating at worst case for $20 conversion rate, this is about 3,500 Target Merchants.

The minimum these people would generate in 6 Months is about $700k in profits not revenue.



How and where do I get to pitch this crazy idea to an investor who would believe in me?
I know starting a business especially with partners has to do with lots of trusts that's why the investor would be investing only on the Marketing when general development has been completed.


Please I need very concrete suggestions and ideas please on how to get investors that would work for my case.

Thanks!
Click to expand...

Let me try to help here....
Securing investment is like a thrilling journey with your unique idea, a stellar team, and a strategic roadmap. Research, connect with angels, VCs, or explore crowdfunding avenues.

When pitching, channel your passion and project potential. Highlight how your concept addresses a market void and why it's a smart bet. Remember, investors back people as much as ideas, so be authentic, confident, and poised for the toughest queries.

Networking's pivotal—dive into startup events, digital forums, and tap into LinkedIn ties. Sometimes, who you know is as crucial as what you know. Hustle, pour your heart into that pitch, and seek backers who resonate with your vision. It's about the grind, turning your dream into a tangible reality!
 
In the startup scene an MVP can be an email option page to a wait list. This happens by reaching to your customers who are the true test if your product is not just hallucinations but solves a problem.
An investor can be convinced that you posted a few tweets or articles and have 5 options on a product wait list. By being so sure about 75k in marketing is just too ambitious. If $50 can bring in 1 or 2 leads then you can be sure about your product.
 
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