I think there is a real opportunity to build a challenger bank catering almost exclusively to foreigners in Japan. Opening an account, sending/receiving money, accessing credit, financial planning... all painful. If there are any founders looking at this space, contact me.
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I wonder if you even need to run the bank to do it? Could you just convince a 地方銀行 to let you run an English-language frontend to their existing services and then present obviously superior UX and business results 2 years later?
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Have you worked with 地銀?I think that would ultimately hold you back.
End of conversation
New conversation -
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Expat population is dominated by neighboring Asian countries - not sure about banking standards there but might be able to differentiate on ease or cost of money transfers to home countries? Still, given only ~2mil expats, would want brand + influence to expand in Japan, no?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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