Bootstrapped to R2 Billion and Disrupting Banking Oligopolies - Harry Scherzer, Future Forex

Season 4 Episode 31

Welcome to the 100th episode of The Founder Files!

It’s amazing to hit this century milestone and we’re excited to keep releasing more episodes and providing valuable conversations.

Harry Scherzer, CEO and co-founder of Future Forex, joins us today to talk about his company which has grown to almost 100 people in just 4 years, processes R2 billion in transactions a month and is completely bootstrapped.

In this conversation, we cover:

- How have they managed to grow something so quickly out of the gate?
- How their focus on customer service and experience has helped them stand out in the market while challenging the banking industry's oligopolies
- Harry’s views on leadership, and how he navigates the uncomfortable parts
- Finding the balance between gratitude and ambition, especially while his identity is so tied to the business.

This episode looks at entrepreneurship both through a business lens and a human being perspective.

Too Long; Didn't Listen? Here's what to look for:

00:00 Introduction
03:29 What is Future Forex?
07:26 Scaling to 100 people in 4 years
10:46 Developing a product with a lot of demand
15:10 What is Future Forex’s competitive advantage
17:29 How Future Forex started
21:16 Is it possible to scale this internationally?
27:00 Developing a second product and competing with major banks
35:37 How to make better decisions when things are going wrong
47:40 The importance of leave for the business
52:48 How to tackle difficult conversations
01:06:08 The importance of being grateful and achieving happiness
01:13:39 Future Forex’s plans for 2025
01:18:58 Are you happy?