askRobin, a financial services company from Estonia that served in several Latin American countries, is shutting down. CEO of the company says that their biggest win throughout this process was their committed team.
askRobin was founded in 2017 by Rain Sepp, a FinTech entrepreneur with a background in the financial services industry. The company was born out of a need to provide great financial services to customers, especially when it comes to lending. Since Sepp also came from a poor family, he knew the importance of the service that they were providing.
The first product of askRobin was their Financial Education chatbot, which gave small and clever bits of advice to customers. As the chatbot gave this advice in a fun and playful manner, it turned the complex financial world into something that is easier to understand. Although the product got over 200.000 users within a month, the company decided to focus on customer needs and turned its attention to lending money.
Here is what the future holds for the passionate FinTech entrepreneur after shutting the company down
As the company focused its attention on providing better services for its customers, it kept facing many difficulties. Especially due to the Covid pandemic, the company went through a myriad of difficulties and suffered great losses. Finally the decision to stop its operations was made and askRobin is now shutting down after reaching nearly 2M customers.
As for what is next for his career, Rain Sepp, the founder and the CEO of askRobin, has stated:
“After reuniting with the surf waves, ski slopes and extended quality time with my family, I’ll be sure to let you know what’s next. I’d be happy to shift my focus on giving back to the community, helping Startups on their journey.”